market indicators - general overview - november 2014

MLSListings Inc Confidential Copyright 2014 1

Market Snapshot – Nov 2014 vs. Nov 2013


Market Snapshot – Nov 2014 vs. Oct 2014


Single Family Business Outlook – Home CountiesNov ’13 vs. Nov ’14


Inventory, Closed Sales, New Listings - Home CountiesJan ’03 – Nov ’14


Single Family + Condo/Townhouse Inventory - Home CountiesJan ’03 – Nov ’14


Single Family + Condo/Townhouse Inventory - Home CountiesJan ’05 – Nov ’14


Single Family Inventory - Home CountiesJan ’04 – Nov ’14


Single Family Inventory - Home CountiesNov (2004 – 2014)


Single Family Inventory - Home CountiesNov (2004 – 2014)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Nov '04 932 -3.2% 132 12.1% 648 -34.0% 1799 -30.7% 540 -14.6%

Nov '05 1692 -46.7% 233 -36.5% 1076 -60.2% 2747 -54.6% 828 -44.3%

Nov '06 2134 -57.7% 388 -61.9% 1192 -64.1% 3099 -59.8% 996 -53.7%

Nov '07 2619 -65.6% 501 -70.5% 1617 -73.5% 4775 -73.9% 1086 -57.6%

Nov '08 2612 -65.5% 428 -65.4% 1650 -74.1% 5290 -76.4% 1067 -56.8%

Nov '09 1416 -36.3% 220 -32.7% 1285 -66.7% 2973 -58.1% 761 -39.4%

Nov '10 1703 -47.0% 315 -53.0% 1679 -74.5% 4059 -69.3% 875 -47.3%

Nov '11 1519 -40.6% 255 -42.0% 1457 -70.6% 3230 -61.4% 817 -43.6%

Nov '12 1028 -12.3% 172 -14.0% 807 -47.0% 1608 -22.5% 606 -23.9%

Nov '13 850 6.1% 151 -2.0% 656 -34.8% 1403 -11.1% 564 -18.3%

Nov '14 902 148 428 1247 461

Home Counties - Single Family Inventory (2014 vs. Prior Years)


Single Family Months of Inventory – San Mateo, Santa Clara, Santa Cruz

Mar ’03 – Nov ’14 (Rolling Three Month Average)


Single Family Months of Inventory – Monterey and San Benito Counties



Single Family + Condo/Townhouse Closed Sales – Home CountiesJan ’03 – Nov ’14


Single Family + Condo/Townhouse Closed Sales - Home CountiesJan ’05 – Nov ’14

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Jan 2078 1638 1539 877 1390 1529 1574 1552 1460 1330

Feb 2048 1762 1658 1063 1497 1537 1648 1785 1597 1371

Mar 3210 2775 2248 1388 1916 2197 2399 2520 2289 1882

Apr 3407 2595 2101 1664 2158 2245 2329 2517 2468 2402

May 3376 2706 2270 1953 2355 2805 2369 2885 2780 2484

Jun 3836 2847 2353 2123 2808 2592 2633 2639 2543 2456

Jul 3396 2446 2136 2230 2788 2299 2238 2457 2643 1933

Aug 3538 2668 1962 2244 2421 2196 2446 2525 2559 2255

Sep 3312 2186 1223 2127 2503 2037 2144 2194 2258 2270

Oct 2881 2219 1426 2114 2577 1994 2008 2456 2404 2312

Nov 2667 2182 1328 1594 2138 1930 2038 2273 1899 1787

Dec 2408 2066 1201 1810 2325 2234 2201 2230 1859 0

Nov '05 2667

Nov '06 2182

Nov '07 1328

Nov '08 1594

Nov '09 2138

Nov '10 1930

Nov '11 2038

Nov '12 2273

Nov '13 1899

Nov '14 1787

Home Counties - Single Family + Condo/Townhouse Closed Sales

-7.4%

-12.3%

-21.4%

-5.9%

-33.0%

-18.1%

34.6%

12.1%

-16.4%

Home Counties

Closed Sales

Variance to

prior Years

0

500

1000

1500

2000

2500

3000

Nov'05

Nov'06

Nov'07

Nov'08

Nov'09

Nov'10

Nov'11

Nov'12

Nov'13

Nov'14


Single Family Closed Sales – Home CountiesJan ’04 – Nov ’14


Single Family Closed Sales – Home CountiesNov (2004 – 2014)


Single Family Closed Sales – Home CountiesNov (2004 – 2014)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Nov '04 269 -36.8% 88 -65.9% 543 -39.0% 1284 -46.7% 229 -48.5%

Nov '05 227 -25.1% 59 -49.2% 470 -29.6% 1090 -37.2% 157 -24.8%

Nov '06 167 1.8% 26 15.4% 393 -15.8% 870 -21.3% 171 -31.0%

Nov '07 96 77.1% 20 50.0% 290 14.1% 511 34.1% 84 40.5%

Nov '08 268 -36.6% 53 -43.4% 266 24.4% 618 10.8% 94 25.5%

Nov '09 273 -37.7% 63 -52.4% 323 2.5% 899 -23.8% 141 -16.3%

Nov '10 230 -26.1% 41 -26.8% 328 0.9% 820 -16.5% 118 0.0%

Nov '11 273 -37.7% 49 -38.8% 339 -2.4% 767 -10.7% 130 -9.2%

Nov '12 238 -28.6% 45 -33.3% 398 -16.8% 907 -24.5% 168 -29.8%

Nov '13 171 -0.6% 34 -11.8% 323 2.5% 724 -5.4% 127 -7.1%

Nov '14 170 30 331 685 118

Home Counties - Single Family Sales (2014 vs. Prior Years)


Single Family + Condo/Townhouse New Listings - Home CountiesJan ’03 – Nov ’14


Single Family + Condo/Townhouse New Listings - Home CountiesJan ’05 – Nov ’14

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Jan 3291 4061 3519 3947 3907 3334 3380 2890 2170 2164

Feb 3561 4080 3508 4353 3867 3711 3373 3011 2534 2496

Mar 4912 5140 4828 4785 4397 4649 3953 3313 3011 3081

Apr 5359 4787 4745 5185 3909 4613 3916 3151 3499 3380

May 5224 6019 5279 4934 3636 4044 3986 3551 3592 3520

Jun 5392 6152 4894 4840 3820 4423 3784 3132 3358 3209

Jul 5210 5523 4747 4530 3915 4089 3429 3096 3529 2420

Aug 5450 5356 4720 4344 3612 3867 3342 2941 3163 2850

Sep 5544 4810 4143 4632 3608 3726 3095 2619 3016 2924

Oct 5106 3763 4202 4468 3480 3267 2988 2732 2650 2497

Nov 3648 2646 3034 3098 2700 2657 2355 1923 1774 1531

Dec 1929 1666 2223 2656 2219 2088 1724 1237 1113 0

Nov '05 3648

Nov '06 2646

Nov '07 3034

Nov '08 3098

Nov '09 2700

Nov '10 2657

Nov '11 2355

Nov '12 1923

Nov '13 1774

Nov '14 1531

Home Counties - Single Family + Condo/Townhouse New Listings

-43.3%

-42.4%

Variance to

prior Years

Home Counties

New Listings

-58.0%

-35.0%

-20.4%

-13.7%

-42.1%

-49.5%

-50.6%

0

500

1000

1500

2000

2500

3000

3500

4000

Nov'05

Nov'06

Nov'07

Nov'08

Nov'09

Nov'10

Nov'11

Nov'12

Nov'13

Nov'14


Single Family New Listings - Home CountiesJan ’04 – Nov ’14


Single Family New Listings - Home CountiesNov (2004 – 2014)


Single Family New Listings - Home CountiesNov (2004 – 2014)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Nov '04 303 -34.7% 55 -32.7% 373 -34.9% 1141 -48.4% 205 -45.4%

Nov '05 445 -55.5% 96 -61.5% 520 -53.3% 1474 -60.0% 241 -53.5%

Nov '06 381 -48.0% 74 -50.0% 383 -36.6% 994 -40.7% 172 -34.9%

Nov '07 401 -50.6% 88 -58.0% 465 -47.7% 1313 -55.1% 160 -30.0%

Nov '08 523 -62.1% 80 -53.8% 400 -39.3% 1262 -53.3% 173 -35.3%

Nov '09 384 -48.4% 77 -51.9% 376 -35.4% 1066 -44.7% 173 -35.3%

Nov '10 358 -44.7% 68 -45.6% 395 -38.5% 1045 -43.6% 152 -26.3%

Nov '11 287 -31.0% 52 -28.8% 336 -27.7% 918 -35.8% 194 -42.3%

Nov '12 236 -16.1% 47 -21.3% 337 -27.9% 761 -22.6% 139 -19.4%

Nov '13 188 5.3% 51 -27.5% 278 -12.6% 690 -14.6% 119 -5.9%

Nov '14 198 37 243 589 112

Home Counties - Single Family New Listings (2014 vs. Prior Years)


Single Family + Condo/Townhouse Median Price - Home CountiesJan ’05 – Nov ’14

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Jan $625,000 $695,000 $699,000 $660,000 $380,000 $450,000 $435,500 $415,000 $540,000 $640,000

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

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

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

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

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

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

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

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

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

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

Dec $690,500 $695,000 $702,900 $410,000 $480,000 $463,750 $440,000 $563,000 $655,000 $0

Nov '05 $700,000

Nov '06 $709,000

Nov '07 $750,000

Nov '08 $435,000

Nov '09 $500,000

Nov '10 $492,000

Nov '11 $437,500

Nov '12 $565,000

Nov '13 $659,250

Nov '14 $745,000

Home Counties - Single Family + Condo/Townhouse Median Price

Home Counties

Median Price

Variance to

prior Years

6.4%

5.1%

31.9%

13.0%

-0.7%

71.3%

49.0%

51.4%

70.3%

$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

$750,000 $745,000


Single Family Median Prices - Home CountiesJan ’04 – Nov ’14


Single Family Median Prices - Home CountiesNov (2004 – 2014)


Single Family Median Prices - Home CountiesNov (2004 – 2014)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Nov '04 $598,000 -21.8% $535,000 -19.4% $795,000 38.4% $649,000 31.4% $630,000 8.8%

Nov '05 $685,000 -31.8% $648,500 -33.5% $854,888 28.7% $745,000 14.4% $789,500 -13.2%

Nov '06 $660,000 -29.2% $570,000 -24.4% $881,500 24.8% $775,000 10.0% $719,000 -4.7%

Nov '07 $590,000 -20.8% $417,000 3.4% $915,000 20.2% $850,000 0.3% $740,000 -7.4%

Nov '08 $277,500 68.5% $300,000 43.7% $666,000 65.2% $515,000 65.5% $445,000 54.0%

Nov '09 $247,000 89.3% $295,000 46.1% $725,000 51.7% $605,000 40.9% $550,000 24.6%

Nov '10 $245,000 90.8% $285,000 51.2% $723,000 52.1% $590,000 44.5% $544,000 26.0%

Nov '11 $270,000 73.1% $245,000 75.9% $736,500 49.4% $565,000 50.9% $415,250 65.0%

Nov '12 $323,350 44.6% $365,000 18.1% $770,000 42.9% $679,500 25.5% $512,500 33.7%

Nov '13 $422,000 10.8% $379,000 13.7% $928,500 18.5% $795,000 7.2% $659,500 3.9%

Nov '14 $467,500 $431,000 $1,100,000 $852,500 $685,250

Home Counties - Single Family Median Price (2014 vs. Prior Years)


Single Family Average Price - Home CountiesJan ’04 – Nov ’14


Single Family Average Price - Home CountiesNov (2004 – 2014)


Single Family Average Price - Home CountiesNov (2004 – 2014)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Nov '04 $810,019 -7.9% $574,666 -18.3% $1,085,991 31.4% $783,776 41.5% $700,341 11.9%

Nov '05 $998,677 -25.3% $696,686 -32.6% $1,077,936 32.3% $886,405 25.1% $876,033 -10.6%

Nov '06 $962,331 -22.4% $629,092 -25.4% $1,168,366 22.1% $938,590 18.1% $787,468 -0.5%

Nov '07 $998,271 -25.2% $532,150 -11.8% $1,213,364 17.6% $1,047,683 5.8% $804,958 -2.7%

Nov '08 $388,566 92.1% $339,477 38.2% $851,747 67.5% $637,593 73.9% $597,787 31.1%

Nov '09 $403,343 85.0% $298,097 57.4% $858,851 66.1% $748,741 48.1% $620,405 26.3%

Nov '10 $377,700 97.6% $328,837 42.7% $886,350 61.0% $730,691 51.8% $572,741 36.8%

Nov '11 $381,648 95.5% $293,178 60.1% $933,597 52.8% $762,007 45.5% $459,221 70.6%

Nov '12 $572,348 30.4% $396,031 18.5% $1,016,384 40.4% $883,664 25.5% $594,835 31.7%

Nov '13 $677,149 10.2% $441,979 6.2% $1,125,944 26.7% $1,064,302 4.2% $716,872 9.3%

Nov '14 $746,299 $469,250 $1,426,624 $1,108,848 $783,407

Home Counties - Single Family Average Price (2014 vs. Prior Years)


Condo/Townhouse Business Outlook – Home CountiesNov ’13 vs. Nov ’14


Condo/Townhouse Months of Inventory – San Mateo, Santa Clara, Santa Cruz



Condo/Townhouse Months of Inventory – Monterey and San Benito Counties


market indicators - general overview - november 2014

Real Estate

confidential copyright

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month average mlslistings

market snapshot

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santa clara

san benito countiesmar