December 2015 - Market Snapshot - General Overview

1

Market Snapshot – Dec 2015 vs. Dec 2014

MLSListings Inc © 2015

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Monterey 925 910 2% 195 186 5% $475,000 $437,000 9% $1,003,483 $683,387 47% $195,679,216 $127,110,104 54% 71 77 -8% 156 139 12% 97 98 -1%

San Benito 160 154 4% 40 48 -17% $489,450 $442,500 11% $517,056 $521,100 -1% $20,682,250 $25,012,780 -17% 51 98 -48% 41 30 37% 99 98 1%

San Mateo 483 422 14% 341 300 14% $999,444 $977,500 2% $1,507,000 $1,428,790 5% $513,886,854 $426,637,055 20% 33 30 10% 147 114 29% 105 105 0%

Santa Clara 1265 1277 -1% 841 698 20% $899,000 $848,475 6% $1,172,137 $1,087,712 8% $985,767,543 $759,222,987 30% 35 38 -8% 408 347 18% 102 102 0%

Santa Cruz 345 411 -16% 152 139 9% $739,000 $700,000 6% $817,418 $883,997 -8% $124,247,541 $122,875,684 1% 59 58 2% 75 75 0% 99 99 0%

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Dec 2015

Dec 2014

% Change

Monterey 92 101 -9% 18 24 -25% $286,000 $308,500 -7% $392,315 $332,509 18% $7,061,675 $7,980,238 -12% 80 53 51% 24 15 60% 97 98 -1%

San Benito 8 13 -38% 6 2 200% $314,000 $212,500 48% $335,483 $212,500 58% $2,012,900 $425,000 374% 20 27 -26% 4 1 300% 100 100 0%

San Mateo 134 122 10% 116 103 13% $745,000 $628,000 19% $776,031 $670,288 16% $90,019,545 $69,039,732 30% 24 39 -38% 45 34 32% 104 101 3%

Santa Clara 391 375 4% 340 314 8% $628,102 $505,000 24% $684,846 $562,354 22% $232,847,800 $176,579,398 32% 24 36 -33% 154 127 21% 104 102 2%

Santa Cruz 72 93 -23% 35 27 30% $465,000 $466,000 0% $457,343 $497,491 -8% $16,007,000 $13,432,281 19% 56 51 10% 22 21 5% 99 99 0%

% to List Price Received

Condo/Townhouse Year over Year - December 2015 vs. December 2014


Single Family Year over Year - December 2015 vs. December 2014New Listings

Total Dollars Days on Market New Listings

County Inventory * Closed Sales Median Price Average Price Total Dollars Days on Market

County Inventory Closed Sales Median Price Average Price


Market Snapshot – Dec 2015 vs. Nov 2015

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Monterey 1061 925 -15% 199 195 -2% $508,000 $475,000 -7% $753,516 $1,003,483 25% $149,949,629 $195,679,216 23% 57 71 20% 194 156 -24% 99 97 -2%

San Benito 165 160 -3% 32 40 20% $512,500 $489,450 -5% $545,134 $517,056 -5% $17,444,299 $20,682,250 16% 60 51 -18% 56 41 -37% 99 99 0%

San Mateo 735 483 -52% 316 341 7% $1,195,000 $999,444 -20% $1,618,245 $1,507,000 -7% $511,365,419 $513,886,854 0% 24 33 27% 282 147 -92% 106 105 -1%

Santa Clara 1841 1265 -46% 703 841 16% $965,000 $899,000 -7% $1,218,372 $1,172,137 -4% $856,515,645 $985,767,543 13% 30 35 14% 629 408 -54% 103 102 -1%

Santa Cruz 500 345 -45% 127 152 16% $707,500 $739,000 4% $846,099 $817,418 -4% $107,454,558 $124,247,541 14% 56 59 5% 112 75 -49% 98 99 1%

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Nov 2015

Dec 2015

% Change

Monterey 95 92 -3% 21 18 -17% $405,000 $286,000 -42% $419,095 $392,315 -7% $8,801,000 $7,061,675 -25% 100 80 -25% 24 24 0% 98 97 -1%

San Benito 11 8 -38% 2 6 67% $335,000 $314,000 -7% $335,000 $335,483 0% $670,000 $2,012,900 67% 60 20 -200% 4 4 0% 99 100 1%

San Mateo 214 134 -60% 112 116 3% $762,500 $745,000 -2% $823,425 $776,031 -6% $92,223,580 $90,019,545 -2% 18 24 25% 92 45 -104% 104 104 0%

Santa Clara 616 391 -58% 297 340 13% $630,000 $628,102 0% $694,233 $684,846 -1% $206,187,239 $232,847,800 11% 22 24 8% 279 154 -81% 104 104 0%

Santa Cruz 94 72 -31% 30 35 14% $499,500 $465,000 -7% $531,779 $457,343 -16% $15,953,375 $16,007,000 0% 44 56 21% 26 22 -18% 99 99 0%


Condo/Townhouse - Current Month vs. Prior Month - December 2015 vs. November 2015

County Inventory Closed Sales Median Price Average Price Total Dollars Days on Market New Listings

Total Dollars Days on Market New Listings

Single Family - Current Month vs. Prior Month - December 2015 vs. November 2015

County Inventory Closed Sales Median Price Average Price % to List Price Received

3

Single Family + Condo/Townhouse Inventory, Closed Sales, New Listings - Home CountiesJan ’03 – Dec ’15


4

Single Family + Condo/Townhouse Inventory - Home CountiesJan ’03 – Dec ’15


5

Single Family + Condo/Townhouse Inventory - Home CountiesJan ’05 – Dec ’15


2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Jan 4223 7295 8588 12447 12693 8558 10330 8140 3179 3578 4175

Feb 4839 8023 9184 13528 13079 9650 10803 8231 4296 3924 3932

Mar 5502 8827 10357 14355 13240 10910 11127 7991 4286 4322 5515

Apr 6434 9722 11812 15513 12806 11773 11506 7630 4765 4776 5944

May 7020 10819 12923 15787 11749 11903 11730 7712 5222 3520 6069

Jun 7189 11493 13287 15802 11104 12691 11740 7570 5616 5322 5233

Jul 7878 12317 13910 15948 10763 13016 11372 7306 5950 4389 6330

Aug 8030 12122 14275 15356 10044 13072 11201 7116 5850 5378 5439

Sep 8798 12239 13943 15192 9823 13294 10944 6523 5806 5290 6486

Oct 8946 11490 14020 15070 9295 12440 10241 6173 5384 4863 6262

Nov 8252 9968 13308 13849 8724 11500 9482 5292 4592 3925 4302

Dec 6372 7874 11420 12221 7778 9825 7790 3901 3198 3174 3875

Nov '05 6372Nov '06 7874Nov '07 11420Nov '08 12221Nov '09 7778Nov '10 9825Nov '11 7790Nov '12 3901Nov '13 3198Nov '14 3174Nov '15 3875

Home Counties Inventory

-39.2%-50.8%-66.1%-68.3%-50.2%-60.6%-50.3%-0.7%21.2%22.1%

Home Counties - Single Family + Condo/Townhouse Inventory

Variance to prior Years

0200040006000800010000120001400016000

Nov'05

Nov'06

Nov'07

Nov'08

Nov'09

Nov'10

Nov'11

Nov'12

Nov'13

Nov'14

Nov'15

12221

3875

6

Single Family Inventory – San Mateo, Santa Clara CountiesJan ’04 – Dec ’15


7

Single Family Inventory – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Dec ’15


8

Single Family Inventory - Home CountiesDec (2004 – 2015)


9

Single Family Inventory - Home CountiesDec (2004 – 2015)


Monterey County San Benito

County San Mateo County Santa Clara

County Santa Cruz County

Dec '04 768 20.4% 121 32.2% 436 10.8% 1347 -6.1% 382 -9.7%

Dec '05 1525 -39.3% 213 -24.9% 720 -32.9% 1958 -35.4% 698 -50.6%

Dec '06 1872 -50.6% 335 -52.2% 814 -40.7% 2349 -46.1% 795 -56.6%

Dec '07 2351 -60.7% 442 -63.8% 1274 -62.1% 4163 -69.6% 953 -63.8%

Dec '08 2428 -61.9% 382 -58.1% 1311 -63.2% 4636 -72.7% 944 -63.5%

Dec '09 1357 -31.8% 232 -31.0% 1045 -53.8% 2626 -51.8% 631 -45.3%

Dec '10 1572 -41.2% 289 -44.6% 1300 -62.8% 3431 -63.1% 728 -52.6%

Dec '11 1317 -29.8% 223 -28.3% 1154 -58.1% 2580 -51.0% 676 -49.0%

Dec '12 855 8.2% 128 25.0% 549 -12.0% 1121 12.8% 461 -25.2%

Dec '13 717 29.0% 132 21.2% 387 24.8% 922 37.2% 394 -12.4%

Dec '14 910 1.6% 154 3.9% 422 14.5% 1277 -0.9% 411 -16.1%

Dec '15 925 160 483 1265 345

Home Counties - Single Family Inventory (2015 vs. Prior Years)

10

Single Family Months of Inventory – San Mateo, Santa Clara, Santa CruzMar ’03 – Dec ’15 (Rolling Three Month Average)


11

Single Family Months of Inventory – Monterey and San Benito CountiesMar ’03 – Dec ’15 (Rolling Three Month Average)


12

Single Family Market Outlook – Home Counties Dec ’14 vs. Dec ’15


13

Single Family + Condo/Townhouse Closed Sales – Home CountiesJan ’03 – Dec ’15


14

Single Family + Condo/Townhouse Closed Sales - Home CountiesJan ’05 – Dec ’15


2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Jan 2078 1638 1539 877 1390 1529 1574 1552 1460 1330 1182

Feb 2048 1762 1658 1063 1497 1537 1648 1785 1597 1371 921

Mar 3210 2775 2248 1388 1916 2197 2399 2520 2289 1882 2068

Apr 3407 2595 2101 1664 2158 2245 2329 2517 2468 2402 2527

May 3376 2706 2270 1953 2355 2805 2369 2885 2780 2484 2407

Jun 3836 2847 2353 2123 2808 2592 2633 2639 2543 2456 2045

Jul 3396 2446 2136 2230 2788 2299 2238 2457 2643 1933 2769

Aug 3538 2668 1962 2244 2421 2196 2446 2525 2559 2255 2392

Sep 3312 2186 1223 2127 2503 2037 2144 2194 2258 2270 2312

Oct 2881 2219 1426 2114 2577 1994 2008 2456 2404 2312 2209

Nov 2667 2182 1328 1594 2138 1930 2038 2273 1899 1787 1377

Dec 2408 2066 1201 1810 2325 2234 2201 2230 1859 1371 2084


Home Counties Closed Sales


Home Counties - Single Family + Condo/Townhouse Closed Sales

-6.7%-5.3%-6.5%12.1%

-13.5%0.9%73.5%15.1%

52.0%

-10.4%

0500

1000150020002500300035004000

Nov'05

Nov'06

Nov'07

Nov'08

Nov'09

Nov'10

Nov'11

Nov'12

Nov'13

Nov'14

Nov'15

2408 2084

15

Single Family Closed Sales – San Mateo, Santa Clara CountiesJan ’04 – Dec ’15


16

Single Family Closed Sales – San Mateo, Santa Clara CountiesDec (2004 – 2015)


17

Single Family Closed Sales – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Dec ’15


18

Single Family Closed Sales – Monterey, San Benito, Santa Cruz CountiesDec (2004 – 2015)


19

Single Family Closed Sales – Home CountiesDec (2004 – 2015)





Dec '04 319 -38.9% 73 -45.2% 473 -27.9% 1190 -29.3% 214 -29.0%

Dec '05 199 -2.0% 56 -28.6% 415 -17.8% 970 -13.3% 149 2.0%

Dec '06 166 17.5% 38 5.3% 356 -4.2% 825 1.9% 162 -6.2%

Dec '07 100 95.0% 19 110.5% 248 37.5% 490 71.6% 77 97.4%

Dec '08 366 -46.7% 72 -44.4% 262 30.2% 677 24.2% 113 34.5%

Dec '09 324 -39.8% 54 -25.9% 358 -4.7% 938 -10.3% 143 6.3%

Dec '10 276 -29.3% 53 -24.5% 372 -8.3% 922 -8.8% 127 19.7%

Dec '11 263 -25.9% 55 -27.3% 346 -1.4% 846 -0.6% 156 -2.6%

Dec '12 232 -15.9% 61 -34.4% 369 -7.6% 920 -8.6% 151 0.7%

Dec '13 175 11.4% 34 17.6% 318 7.2% 729 15.4% 130 16.9%

Dec '14 186 4.8% 48 -16.7% 300 13.7% 698 20.5% 139 9.4%

Dec '15 195 40 341 841 152

Home Counties - Single Family Sales (2015 vs. Prior Years)

20

Single Family Total Sales Dollars – San Mateo and Santa Clara CountiesJan ’04 – Dec ’15


21

Single Family Total Sales Dollars – San Mateo, Santa Clara CountiesDec (2004 – 2015)


22

Single Family Total Sales Dollars – Santa Cruz, Monterey, and San Benito CountiesJan ’04 – Dec ’15


23

Single Family Total Sales Dollars – Monterey, San Benito, Santa Cruz CountiesDec (2004 – 2015)


24

Single Family Total Sales Volume – Home Counties Dec (2004 – 2015)





Dec '04 $233,298,386 -16.1% $41,981,230 -50.7% $462,142,678 11.2% $952,629,103 3.5% $152,445,867 -18.5%

Dec '05 $172,531,498 13.4% $40,726,668 -49.2% $416,103,398 23.5% $855,266,834 15.3% $123,123,581 0.9%

Dec '06 $149,027,950 31.3% $26,868,750 -23.0% $364,414,032 41.0% $745,146,249 32.3% $131,209,605 -5.3%

Dec '07 $105,975,304 84.6% $9,558,500 116.4% $284,593,409 80.6% $489,401,549 101.4% $63,771,880 94.8%

Dec '08 $88,404,957 121.3% $21,584,362 -4.2% $191,141,327 168.9% $444,701,772 121.7% $62,815,950 97.8%

Dec '09 $90,289,461 116.7% $16,199,200 27.7% $339,425,892 51.4% $659,911,154 49.4% $86,232,947 44.1%

Dec '10 $102,108,262 91.6% $16,033,150 29.0% $357,471,296 43.8% $633,993,116 55.5% $73,096,620 70.0%

Dec '11 $98,725,591 98.2% $15,938,014 29.8% $289,682,697 77.4% $615,503,777 60.2% $85,726,902 44.9%

Dec '12 $109,885,004 78.1% $24,173,800 -14.4% $369,064,537 39.2% $831,836,783 18.5% $91,307,964 36.1%

Dec '13 $101,328,070 93.1% $14,749,200 40.2% $459,310,681 11.9% $716,215,976 37.6% $88,203,617 40.9%

Dec '14 $97,882,743 99.9% $25,012,780 -17.3% $428,637,055 19.9% $759,222,987 29.8% $122,875,684 1.1%

Dec '15 $195,679,216 $20,682,250 $513,886,854 $985,767,543 $124,247,541

Home Counties - Single Family Total Sales Dollars (2015 vs. Prior Years)

25

Single Family + Condo/Townhouse New Listings - Home CountiesJan ’03 – Dec ’15


26

Single Family New Listings - Home CountiesJan ‘05 – Dec ‘15


2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Jan 3291 4061 3519 3947 3907 3334 3380 2890 2170 2164 1727

Feb 3561 4080 3508 4353 3867 3711 3373 3011 2534 2496 1616

Mar 4912 5140 4828 4785 4397 4649 3953 3313 3011 3081 3129

Apr 5359 4787 4745 5185 3909 4613 3916 3151 3499 3380 3324

May 5224 6019 5279 4934 3636 4044 3986 3551 3592 3520 3298

Jun 5392 6152 4894 4840 3820 4423 3784 3132 3358 3209 2480

Jul 5210 5523 4747 4530 3915 4089 3429 3096 3529 2420 3204

Aug 5450 5356 4720 4344 3612 3867 3342 2941 3163 2850 2962

Sep 5544 4810 4143 4632 3608 3726 3095 2619 3016 2924 2920

Oct 5106 3763 4202 4468 3480 3267 2988 2732 2650 2497 2558

Nov 3648 2646 3034 3098 2700 2657 2355 1923 1774 1531 1273

Dec 1929 1666 2223 2656 2219 2088 1724 1237 1113 903 1076


-51.5%-48.5%


Home Counties New Listings

-44.2%

-37.6%-13.0%-3.3%

-35.4%-51.6%-59.5%

Home Counties - Single Family + Condo/Townhouse New Listings

18.9%

0

1000

2000

3000

4000

5000

6000

Nov'05

Nov'06

Nov'07

Nov'08

Nov'09

Nov'10

Nov'11

Nov'12

Nov'13

Nov'14

Nov'15

19291076

27

Single Family + Condo/Townhouse New Listings – San Mateo, Santa Clara CountiesJan ’04 – Dec ’15


28

Single Family New Listings – San Mateo, Santa Clara CountiesDec ’04 – Dec ’15


29

Single Family New Listings – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Dec ’15


30

Single Family New Listings – Monterey, San Benito, Santa Cruz CountiesDec ’04 – Dec ’15


31

Single Family New Listings - Home CountiesDec (2004 – 2015)





Dec '04 209 -25.4% 56 -26.8% 263 -44.1% 868 -53.0% 129 -41.9%

Dec '05 279 -44.1% 53 -22.6% 232 -36.6% 705 -42.1% 162 -53.7%

Dec '06 290 -46.2% 59 -30.5% 186 -21.0% 562 -27.4% 101 -25.7%

Dec '07 350 -55.4% 60 -31.7% 252 -41.7% 946 -56.9% 128 -41.4%

Dec '08 515 -69.7% 87 -52.9% 281 -47.7% 1059 -61.5% 144 -47.9%

Dec '09 366 -57.4% 74 -44.6% 284 -48.2% 889 -54.1% 113 -33.6%

Dec '10 294 -46.9% 60 -31.7% 275 -46.5% 829 -50.8% 128 -41.4%

Dec '11 273 -42.9% 45 -8.9% 240 -38.8% 628 -35.0% 126 -40.5%

Dec '12 175 -10.9% 33 24.2% 191 -23.0% 463 -11.9% 93 -19.4%

Dec '13 159 -1.9% 41 0.0% 156 -5.8% 404 1.0% 75 0.0%

Dec '14 139 12.2% 30 36.7% 114 28.9% 347 17.6% 75 0.0%

Dec '15 156 41 147 408 75

Home Counties - Single Family New Listings (2015 vs. Prior Years)

32

Single Family Median Prices – San Mateo, Santa Clara CountiesJan ’04 – Dec ’15


33

Single Family Median Prices – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Dec ’15


34

Single Family Median Prices - Home CountiesDec (2004 – 2015)


35

Single Family + Condo/Townhouse Median Price - Home CountiesJan ’05 – Dec ’15


2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Jan $625,000 $695,000 $699,000 $660,000 $380,000 $450,000 $435,500 $415,000 $540,000 $640,000 $680,000

Feb $651,000 $699,950 $705,000 $680,000 $381,000 $465,400 $420,000 $438,875 $555,000 $668,000 $745,000

Mar $669,000 $707,000 $740,000 $677,750 $369,000 $499,900 $460,000 $475,000 $615,000 $729,000 $794,000

Apr $685,000 $704,865 $775,000 $655,000 $404,000 $500,000 $480,000 $502,500 $676,250 $735,000 $815,000

May $685,000 $725,000 $775,000 $650,000 $415,000 $522,500 $477,750 $527,500 $688,945 $748,500 $840,000

Jun $708,000 $740,000 $768,500 $639,000 $460,000 $525,500 $515,000 $559,000 $670,000 $765,000 $836,000

Jul $700,000 $725,000 $759,975 $595,000 $487,750 $535,000 $484,500 $565,000 $692,000 $718,000 $830,000

Aug $710,000 $720,000 $761,000 $545,445 $476,000 $510,500 $490,000 $560,000 $670,000 $738,000 $823,000

Sep $695,000 $715,000 $750,000 $490,000 $469,825 $500,000 $465,000 $560,000 $670,000 $730,000 $815,000

Oct $699,000 $711,500 $758,000 $477,200 $487,944 $500,000 $455,000 $567,000 $668,150 $750,000 $807,000

Nov $700,000 $709,000 $750,000 $435,000 $500,000 $492,000 $437,500 $565,000 $659,250 $745,000 $821,575

Dec $690,500 $695,000 $702,900 $410,000 $480,000 $463,750 $440,000 $563,000 $655,000 $801,000 $818,788

Nov '05 $690,500Nov '06 $695,000Nov '07 $702,900Nov '08 $410,000Nov '09 $480,000Nov '10 $463,750Nov '11 $440,000Nov '12 $563,000Nov '13 $655,000Nov '14 $801,000Nov '15 $818,788

45.4%25.0%

16.5%99.7%70.6%76.6%86.1%

2.2%

Home Counties Median Price


18.6%17.8%

Home Counties - Single Family + Condo/Townhouse Median Price

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

Nov'05

Nov'06

Nov'07

Nov'08

Nov'09

Nov'10

Nov'11

Nov'12

Nov'13

Nov'14

Nov'15

$801,000$818,788

36

Single Family Median Prices - Home CountiesDec (2004 – 2015)





Dec '04 $589,000 -19.4% $538,000 -9.0% $790,000 26.6% $660,000 36.2% $650,000 13.7%Dec '05 $699,000 -32.0% $650,000 -24.7% $820,000 21.9% $734,950 22.3% $742,000 -0.4%Dec '06 $665,000 -28.6% $579,000 -15.5% $830,000 20.5% $738,000 21.8% $710,000 4.1%Dec '07 $584,500 -18.7% $417,000 17.4% $881,500 13.4% $796,000 12.9% $729,000 1.4%Dec '08 $260,000 82.7% $280,000 74.8% $603,500 65.7% $512,450 75.4% $455,000 62.4%Dec '09 $252,500 88.1% $284,250 72.2% $750,000 33.3% $563,000 59.7% $555,000 33.2%Dec '10 $245,000 93.9% $280,000 74.8% $719,500 39.0% $559,000 60.8% $512,500 44.2%Dec '11 $275,000 72.7% $258,400 89.4% $600,000 66.7% $535,000 68.0% $472,500 56.4%Dec '12 $349,500 35.9% $369,950 32.3% $788,500 26.8% $681,000 32.0% $531,000 39.2%Dec '13 $469,900 1.1% $416,000 17.7% $1,030,000 -2.9% $770,000 16.8% $608,000 21.5%Dec '14 $437,000 8.7% $442,500 10.6% $977,500 2.3% $848,475 6.0% $700,000 5.6%

Dec '15 $475,000 $489,450 $999,944 $899,000 $739,000

Home Counties - Single Family Median Price (2015 vs. Prior Years)

37

Single Family Average Price – San Mateo, Santa Clara CountiesJan ’04 – Dec ’15


38

Single Family Average Price – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Dec ’15


39

Single Family Average Price - Home CountiesDec (2004 – 2015)


40

Single Family Average Price - Home CountiesDec (2004 – 2015)





Dec '04 $731,343 37.2% $575,085 -10.1% $977,046 54.2% $800,529 46.4% $712,364 14.7%

Dec '05 $866,992 15.7% $727,262 -28.9% $1,002,659 50.3% $881,718 32.9% $826,333 -1.1%

Dec '06 $897,759 11.8% $707,072 -26.9% $1,023,635 47.2% $903,208 29.8% $809,936 0.9%

Dec '07 $864,077 16.1% $503,078 2.8% $1,147,554 31.3% $998,778 17.4% $828,206 -1.3%

Dec '08 $360,243 178.6% $299,782 72.5% $729,547 106.6% $657,842 78.2% $555,893 47.0%

Dec '09 $367,576 173.0% $299,985 72.4% $948,117 58.9% $704,280 66.4% $603,027 35.6%

Dec '10 $421,806 137.9% $302,512 70.9% $960,944 56.8% $690,624 69.7% $575,563 42.0%

Dec '11 $381,648 162.9% $293,178 76.4% $933,597 61.4% $762,007 53.8% $459,221 78.0%

Dec '12 $586,020 71.2% $396,291 30.5% $1,002,892 50.3% $905,154 29.5% $604,688 35.2%

Dec '13 $863,112 16.3% $433,800 19.2% $1,448,929 4.0% $986,523 18.8% $678,489 20.5%

Dec '14 $683,387 46.8% $521,099 -0.8% $1,428,790 5.5% $1,087,712 7.8% $883,997 -7.5%

Dec '15 $1,003,483 $517,056 $1,507,000 $1,172,137 $817,418

Home Counties - Single Family Average Price (2015 vs. Prior Years)

41

Condo/Townhouse Market Outlook – Home CountiesDec ’14 vs. Dec ’15


42

Condo/Townhouse Total Sales Dollars – San Mateo and Santa Clara CountiesJan ’04 – Dec ’15


43

Condo/Townhouse Total Sales Dollars – San Mateo, Santa Clara CountiesDec ’04 – Dec ’15


44

Condo/Townhouse Total Sales Dollars – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Dec ‘15


45

Condo/Townhouse Total Sales Dollars – Monterey, San Benito, Santa Cruz CountiesDec (2004 – 2015)


46

Condo/Townhouse Total Sales Dollars – Home CountiesDec (2004 – 2015)





Dec '04 $14,590,300 -51.6% $1,121,800 79.4% $96,471,408 -6.7% $210,207,891 10.8% $25,500,888 -37.2%

Dec '05 $11,435,899 -38.2% $1,654,000 21.7% $84,037,468 7.1% $217,654,395 7.0% $15,383,820 4.1%

Dec '06 $9,265,200 -23.8% $500,000 302.6% $67,657,088 33.1% $179,300,001 29.9% $24,071,536 -33.5%

Dec '07 $4,476,745 57.7% $265,000 659.6% $30,761,584 192.6% $100,226,707 132.3% $9,673,500 65.5%

Dec '08 $8,962,650 -21.2% $149,500 1246.4% $26,090,688 245.0% $76,653,267 203.8% $9,691,500 65.2%

Dec '09 $9,602,600 -26.5% $685,000 193.9% $46,073,099 95.4% $136,236,223 70.9% $13,249,499 20.8%

Dec '10 $7,191,400 -1.8% $75,000 2583.9% $35,752,382 151.8% $125,035,264 86.2% $10,119,749 58.2%

Dec '11 $4,536,400 55.7% $114,001 1665.7% $49,550,960 81.7% $122,408,145 90.2% $9,309,600 71.9%

Dec '12 $6,525,500 8.2% $710,000 183.5% $55,242,745 63.0% $141,009,400 65.1% $17,839,443 -10.3%

Dec '13 $10,243,575 -31.1% $730,000 175.7% $58,303,292 54.4% $154,472,939 50.7% $17,730,755 -9.7%

Dec '14 $7,980,238 -11.5% $425,000 373.6% $69,039,732 30.4% $176,579,398 31.9% $13,432,281 19.2%

Dec '15 $7,061,675 $2,012,900 $90,019,545 $232,847,800 $16,007,000

Home Counties - Condo+Townhouse Total Sales Dollars (2015 vs. Prior Years)

47

Condo/Townhouse Months of Inventory – San Mateo, Santa Clara, Santa Cruz Mar ’03 – Dec ’15 (Rolling Three Month Average)


48

Condo/Townhouse Months of Inventory – Monterey and San Benito CountiesMar ’03 – Dec ’15 (Rolling Three Month Average)


Technology

December 2015 - Market Snapshot - General Overview