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Single Family Inventory - Home Counties
Dec (2004 β 2014)
Monterey
County
San Benito
County
San Mateo
County
Santa Clara
County
Santa Cruz
County
Dec '04 768 18.5% 121 27.3% 436 -3.2% 1347 -5.2% 382 7.6%
Dec '05 1525 -40.3% 213 -27.7% 720 -41.4% 1958 -34.8% 698 -41.1%
Dec '06 1872 -51.4% 335 -54.0% 814 -48.2% 2349 -45.6% 795 -48.3%
Dec '07 2351 -61.3% 442 -65.2% 1274 -66.9% 4163 -69.3% 953 -56.9%
Dec '08 2428 -62.5% 382 -59.7% 1311 -67.8% 4636 -72.5% 944 -56.5%
Dec '09 1357 -32.9% 232 -33.6% 1045 -59.6% 2626 -51.4% 631 -34.9%
Dec '10 1572 -42.1% 289 -46.7% 1300 -67.5% 3431 -62.8% 728 -43.5%
Dec '11 1317 -30.9% 223 -30.9% 1154 -63.4% 2580 -50.5% 676 -39.2%
Dec '12 855 6.4% 128 20.3% 549 -23.1% 1121 13.9% 461 -10.8%
Dec '13 717 26.9% 132 16.7% 387 9.0% 922 38.5% 394 4.3%
Dec '14 910 154 422 1277 411
Home Counties - Single Family Inventory (2014 vs. Prior Years)
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Single Family + Condo/Townhouse Inventory - Home Counties
Jan β05 β Dec β14
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Jan 4223 7295 8588 12447 12693 8558 10330 8140 3179 3578
Feb 4839 8023 9184 13528 13079 9650 10803 8231 4296 3924
Mar 5502 8827 10357 14355 13240 10910 11127 7991 4286 4322
Apr 6434 9722 11812 15513 12806 11773 11506 7630 4765 4776
May 7020 10819 12923 15787 11749 11903 11730 7712 5222 3520
Jun 7189 11493 13287 15802 11104 12691 11740 7570 5616 5322
Jul 7878 12317 13910 15948 10763 13016 11372 7306 5950 4389
Aug 8030 12122 14275 15356 10044 13072 11201 7116 5850 5378
Sep 8798 12239 13943 15192 9823 13294 10944 6523 5806 5290
Oct 8946 11490 14020 15070 9295 12440 10241 6173 5384 4863
Nov 8252 9968 13308 13849 8724 11500 9482 5292 4592 3925
Dec 6372 7874 11420 12221 7778 9825 7790 3901 3198 3174
Dec '05 6372
Dec '06 7874
Dec '07 11420
Dec '08 12221
Dec '09 7778
Dec '10 9825
Dec '11 7790
Dec '12 3901
Dec '13 3198
Dec '14 3174
Variance to
prior Years
Home Counties
Inventory
-50.2%
-59.7%
-72.2%
-74.0%
-59.2%
-67.7%
-59.3%
-18.6%
-0.8%
Home Counties - Single Family + Condo/Townhouse Inventory
0
2000
4000
6000
8000
10000
12000
14000
Dec
'05
Dec
'06
Dec
'07
Dec
'08
Dec
'09
Dec
'10
Dec
'11
Dec
'12
Dec
'13
Dec
'14
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Single Family Months of Inventory β San Mateo, Santa Clara, Santa Cruz
Mar β03 β Dec β14 (Rolling Three Month Average)
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Single Family Months of Inventory β Monterey and San Benito Counties
Mar β03 β Dec β14 (Rolling Three Month Average)
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Single Family + Condo/Townhouse Closed Sales β Home Counties
Jan β03 β Dec β14
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Single Family Closed Sales β Home Counties
Jan β04 β Dec β14
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Single Family Closed Sales β Home Counties
Dec (2004 β 2014)
Monterey
County
San Benito
County
San Mateo
County
Santa Clara
County
Santa Cruz
County
Dec '04 319 -41.7% 73 -34.2% 473 -36.6% 1190 -41.3% 214 -35.0%
Dec '05 199 -6.5% 56 -14.3% 415 -27.7% 970 -28.0% 149 -6.7%
Dec '06 166 12.0% 38 26.3% 356 -15.7% 825 -15.4% 162 -14.2%
Dec '07 100 86.0% 19 152.6% 248 21.0% 490 42.4% 77 80.5%
Dec '08 366 -49.2% 72 -33.3% 262 14.5% 677 3.1% 113 23.0%
Dec '09 324 -42.6% 54 -11.1% 358 -16.2% 938 -25.6% 143 -2.8%
Dec '10 276 -32.6% 53 -9.4% 372 -19.4% 922 -24.3% 127 9.4%
Dec '11 263 -29.3% 55 -12.7% 346 -13.3% 846 -17.5% 156 -10.9%
Dec '12 232 -19.8% 61 -21.3% 369 -18.7% 920 -24.1% 151 -7.9%
Dec '13 175 6.3% 34 41.2% 318 -5.7% 729 -4.3% 130 6.9%
Dec '14 186 48 300 698 139
Home Counties - Single Family Sales (2014 vs. Prior Years)
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Single Family + Condo/Townhouse Closed Sales - Home Counties
Jan β05 β Dec β14
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 1371
Dec '05 2408
Dec '06 2066
Dec '07 1201
Dec '08 1810
Dec '09 2325
Dec '10 2234
Dec '11 2201
Dec '12 2230
Dec '13 1859
Dec '14 1371
-41.0%
Home Counties
Closed Sales
Variance to
prior Years
Home Counties - Single Family + Condo/Townhouse Closed Sales
-38.6%
-37.7%
-38.5%
-26.3%
-43.1%
-33.6%
14.2%
-24.3%
0
500
1000
1500
2000
2500
Dec
'05
Dec
'06
Dec
'07
Dec
'08
Dec
'09
Dec
'10
Dec
'11
Dec
'12
Dec
'13
Dec
'14
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Single Family + Condo/Townhouse New Listings - Home Counties
Jan β03 β Dec β14
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Single Family New Listings - Home Counties
Jan β04 β Dec β14
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Single Family New Listings - Home Counties
Dec (2004 β 2014)
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Single Family New Listings - Home Counties
Dec (2004 β 2014)
Monterey
County
San Benito
County
San Mateo
County
Santa Clara
County
Santa Cruz
County
Dec '04 209 -33.5% 56 -46.4% 263 -56.7% 868 -60.0% 129 -41.9%
Dec '05 279 -50.2% 53 -43.4% 232 -50.9% 705 -50.8% 162 -53.7%
Dec '06 290 -52.1% 59 -49.2% 186 -38.7% 562 -38.3% 101 -25.7%
Dec '07 350 -60.3% 60 -50.0% 252 -54.8% 946 -63.3% 128 -41.4%
Dec '08 515 -73.0% 87 -65.5% 281 -59.4% 1059 -67.2% 144 -47.9%
Dec '09 366 -62.0% 74 -59.5% 284 -59.9% 889 -61.0% 113 -33.6%
Dec '10 294 -52.7% 60 -50.0% 275 -58.5% 829 -58.1% 128 -41.4%
Dec '11 273 -49.1% 45 -33.3% 240 -52.5% 628 -44.7% 126 -40.5%
Dec '12 175 -20.6% 33 -9.1% 191 -40.3% 463 -25.1% 93 -19.4%
Dec '13 159 -12.6% 41 -26.8% 156 -26.9% 404 -14.1% 75 0.0%
Dec '14 139 30 114 347 75
Home Counties - Single Family New Listings (2014 vs. Prior Years)
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Single Family + Condo/Townhouse New Listings - Home Counties
Jan β05 β Dec β14
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 705
Dec '05 1929
Dec '06 1666
Dec '07 2223
Dec '08 2656
Dec '09 2219
Dec '10 2088
Dec '11 1724
Dec '12 1237
Dec '13 1113
Dec '14 705
-59.1%
-43.0%
-36.7%
-57.7%
-68.3%
-73.5%
Home Counties - Single Family + Condo/Townhouse New Listings
-68.2%
-66.2%
Variance to
prior Years
Home Counties
New Listings
-63.5%
0
500
1000
1500
2000
2500
3000
Dec
'05
Dec
'06
Dec
'07
Dec
'08
Dec
'09
Dec
'10
Dec
'11
Dec
'12
Dec
'13
Dec
'14
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Single Family Median Prices - Home Counties
Jan β04 β Dec β14
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Single Family Median Prices - Home Counties
Dec (2004 β 2014)
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Single Family Median Prices - Home Counties
Dec (2004 β 2014)
Monterey
County
San Benito
County
San Mateo
County
Santa Clara
County
Santa Cruz
County
Dec '04 $589,000 -25.8% $538,000 -17.8% $790,000 23.7% $660,000 28.6% $650,000 7.7%
Dec '05 $699,000 -37.5% $650,000 -31.9% $820,000 19.2% $734,950 15.4% $742,000 -5.7%
Dec '06 $665,000 -34.3% $579,000 -23.6% $830,000 17.8% $738,000 15.0% $710,000 -1.4%
Dec '07 $584,500 -25.2% $417,000 6.1% $881,500 10.9% $796,000 6.6% $729,000 -4.0%
Dec '08 $260,000 68.1% $280,000 58.0% $603,500 62.0% $512,450 65.6% $455,000 53.8%
Dec '09 $252,500 73.1% $284,250 55.7% $750,000 30.3% $563,000 50.7% $555,000 26.1%
Dec '10 $245,000 78.4% $280,000 58.0% $719,500 35.9% $559,000 51.8% $512,500 36.6%
Dec '11 $275,000 58.9% $258,400 71.2% $600,000 62.9% $535,000 58.6% $472,500 48.1%
Dec '12 $349,500 25.0% $369,950 19.6% $788,500 24.0% $681,000 24.6% $531,000 31.8%
Dec '13 $469,900 -7.0% $416,000 6.4% $1,030,000 -5.1% $770,000 10.2% $608,000 15.1%
Dec '14 $437,000 $442,500 $977,500 $848,475 $700,000
Home Counties - Single Family Median Price (2014 vs. Prior Years)
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Single Family + Condo/Townhouse Median Price - Home Counties
Jan β05 β Dec β14
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 $801,000
Dec '05 $690,500
Dec '06 $695,000
Dec '07 $702,900
Dec '08 $410,000
Dec '09 $480,000
Dec '10 $463,750
Dec '11 $440,000
Dec '12 $563,000
Dec '13 $655,000
Dec '14 $801,000
42.3%
22.3%
14.0%
95.4%
66.9%
72.7%
82.0%
Home Counties - Single Family + Condo/Townhouse Median Price
Home Counties
Median Price
Variance to
prior Years
16.0%
15.3%
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
Dec
'05
Dec
'06
Dec
'07
Dec
'08
Dec
'09
Dec
'10
Dec
'11
Dec
'12
Dec
'13
Dec
'14
$702,900
$801,000
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Single Family Average Price - Home Counties
Jan β04 β Dec β14
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Single Family Average Price - Home Counties
Dec (2004 β 2014)
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Single Family Average Price - Home Counties
Dec (2004 β 2014)
Monterey
County
San Benito
County
San Mateo
County
Santa Clara
County
Santa Cruz
County
Dec '04 $731,343 -6.6% $575,085 -9.4% $977,046 46.2% $800,529 35.9% $712,364 24.1%
Dec '05 $866,992 -21.2% $727,262 -28.3% $1,002,659 42.5% $881,718 23.4% $826,333 7.0%
Dec '06 $897,759 -23.9% $707,072 -26.3% $1,023,635 39.6% $903,208 20.4% $809,936 9.1%
Dec '07 $864,077 -20.9% $503,078 3.6% $1,147,554 24.5% $998,778 8.9% $828,206 6.7%
Dec '08 $360,243 89.7% $299,782 73.8% $729,547 95.8% $657,842 65.3% $555,893 59.0%
Dec '09 $367,576 85.9% $299,985 73.7% $948,117 50.7% $704,280 54.4% $603,027 46.6%
Dec '10 $421,806 62.0% $302,512 72.3% $960,944 48.7% $690,624 57.5% $575,563 53.6%
Dec '11 $381,648 79.1% $293,178 77.7% $933,597 53.0% $762,007 42.7% $459,221 92.5%
Dec '12 $586,020 16.6% $396,291 31.5% $1,002,892 42.5% $905,154 20.2% $604,688 46.2%
Dec '13 $863,112 -20.8% $433,800 20.1% $1,448,929 -1.4% $986,523 10.3% $678,489 30.3%
Dec '14 $683,387 $521,099 $1,428,790 $1,087,712 $883,997
Home Counties - Single Family Average Price (2014 vs. Prior Years)
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Condo/Townhouse Business Outlook β Home Counties
Dec β13 vs. Dec β14
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Condo/Townhouse Months of Inventory β San Mateo, Santa Clara, Santa Cruz
Mar β03 β Dec β14 (Rolling Three Month Average)
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Condo/Townhouse Months of Inventory β Monterey and San Benito Counties
Mar β03 β Dec β14 (Rolling Three Month Average)