market update | q4 2012
MARKET UPDATE | Q4 2012 SONOMA | NAPA | WINE COUNTRY SONOMA VALLEY MARKET SUMMARY (SFH)
2012 - Sonoma Valley Volume 22% 33%
< $500k $500k - $1.0M $1.0M - $1.5M $1.5M and up
13%
A MESSAGE FROM OUR MANAGER: JEFFREY GIBSON The fourth quarter of 2012 finished very strong for high-end real estate in Sonoma Valley and Healdsburg. Both sales price and sales volume were significantly up from the prior year according to BAREIS, as detailed in the following charts. In looking back on the push of real estate sales in 2012, it seems clear that we are rising from the bottom of the market.The Sonoma Valley and Healdsburg markets saw dips in sales volume and prices from 2009 to 2011, but in 2012 luxury real estate values in these markets climbed in certain areas above their 2009 high-mark levels. Currently, there is still a shortage of good available inventory for the many strong qualified buyers looking to purchase, which historically has driven up sales and prices.
32%
Source: BAREIS
In Sonoma Valley the average sales price for single-family homes rose 38 percent in year over year comparisons, and the number of sold units in the $500,000 to $1,500,000 category increased by 50 percent over 2011. The hot spot in Sonoma Valley is undeniably the $1,500,000 and up category with growth of 173 percent, representing $27,802,000 in sales volume compared to $10,200,000 in 2011. Sales volume overall in Sonoma Valley increased by 37 percent totaling $84,268,199 versus $61,477,419 in 2011.
HEALDSBURG MARKET SUMMARY (SFH)
2012 - Healdsburg Volume 23.6% < $500k
38.5%
$500k - $1.0M $1.0M - $1.5M
25.7%
$1.5M and up
12.2%
Source: BAREIS
WINE COUNTRY Brokerage t: 707.935.2288 25 East Napa Street Sonoma, CA 95476
In Healdsburg the average sales price for single-family homes rose 32 percent in year over year comparisons, and the number of sold units in the $1,000,000 to $1,500,000 category increased by 25 percent over 2011. The hot spot in Healdsburg is undeniably the $1,500,000 and up category with growth of 522 percent, representing $18,050,000 in sales volume compared to $2,900,000 in 2011. Sales volume overall in Healdsburg increased by 84 percent totaling $46,938,000 versus $25,446,800 in 2011.
MARKET UPDATE | Q1 2013 SONOMA | NAPA | WINE COUNTRY SONOMA VALLEY MARKET SUMMARY (SFH)
Q1-2013 - Sonoma Valley Volume
32%
36%
< $500k $500k - $1.0M $1.0M and up
A MESSAGE FROM OUR MANAGER: JEFFREY GIBSON The First Quarter of 2013 demonstrated continuing recovery for real estate sales in Wine Country according to BAREIS, as detailed in the following charts. Much of last year and thus far in 2013, Sonoma Valley and Petaluma have experienced an extreme shortage of residential inventory which is resulting in competitive bidding wars between buyers. This has resulted in climbing home prices in some areas, but an overall reduction in the number of homes sold compared to early 2012. In Petaluma, the average sales price for the First Quarter of 2013 increased by 24 percent, whereas in Sonoma Valley the average sales price decreased 19 percent. What is clear is that both the Sonoma Valley and Petaluma markets are in need of more available homes for sale.
32% Source: BAREIS
In Sonoma Valley the average sales price for single-family homes decreased 19 percent in year over year comparisons, and the total number of sold units in the $500,000 to $1,000,000 category decreased 16 percent over 2012. In Sonoma Valley in the $500,000 and under category, the average sales price grew 6 percent, to $341,683, compared to $322,345 in 2012. Sales volume overall in Sonoma Valley decreased by 32 percent totaling $47,241,075 versus $69,444,749 in 2012. This is simply a factor of limited available inventory as there are often several buyers for each property.
PETALUMA MARKET SUMMARY (SFH)
Q1-2013 - Petaluma Volume 10.3% < $500k
38.2%
51.5%
$500k - $1.0M $1.0M and up
Source: BAREIS
WINE COUNTRY Brokerage t: 707.935.2288 25 East Napa Street Sonoma, CA 95476
In Petaluma the average sales price for single-family homes rose 24 percent in year over year comparisons, and the number of sold units in the $1,000,000 and up category increased by 400 percent over 2012. The hot spot in Petaluma is undeniably the $1,000,000 and up category with growth of 524 percent, representing $6,735,000 in sales volume compared to $1,080,000 in 2012. Sales volume in the $500,000$1,000,000 and up category in Petaluma increased by 31 percent totaling $24,831,250 versus $18,918,600 in 2012.
SONOMA VALLEY ABOUT SONOMA VALLEY Approximately 40 miles north of San Francisco, Sonoma real estate is perfectly situated to maximize residents’ quality of life. Although world-renowned as a wine mecca, Sonoma maintains the tight-knit feel of a small community, with a charming downtown. In 1846, the California Republic declared its independence from Mexico, with Sonoma named the capital of this short-lived sovereign state. Consequently, Sonoma is known as the birthplace of California, a town rich in history surrounded by breathtaking natural beauty.
average sales price (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2010 $335,889 $652,308 $2,000,500 $608,595
$800,000
2011
2012
$318,619 $322,345 $717,944 $690,379 $1,767,778 $2,587,508 $591,224 $708,620
2013 $341,683 $692,052 $1,493,178 $576,111
% CHANGE (2013 v 2012)
6% 0% -42% -19%
$700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2010
2011
Average List Price
CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2012
2013
Average Sold Price
120
2010
2011
2012
2013
45 26 8 79
50 24 9 83
57 29 12 98
50 22 10 82
% CHANGE (2013 v 2012)
-12% -24% -17% -16%
100 80 60 40 20 2010
CLOSED VOLUME (SFH) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2011
2012
2013
$80,000,000
2010
2011
2012
2013
$15,144,990
$15,930,940
$18,373,649
$17,084,150
$16,960,000
$17,230,650
$20,021,000
$15,225,150
$16,004,000
$15,910,000
$31,050,100
$14,931,775
$48,078,990
$49,071,590
$69,444,749
$47,241,075
% CHANGE
$70,000,000
(2013 v 2012)
$60,000,000
-7% -24% -52% -32%
$50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $2010
Serving sONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate
2011
2012
2013
PETALUMA ABOUT PETALUMA The town of Petaluma offers a little slice of California history to all who come to sample its Victorian delights. The heart of Petaluma is its Victorian Historic Downtown, which was added to the National Register of Historic Places in 1995. Petaluma offers many colorful family events that provide opportunities to escape the everyday hustle and bustle of life. The Great Petaluma Mill, which stands guard over the west bank, is one of the oldest structures in town. Visitors can combine shopping with history and can wander through the downtown district.
$600,000
average sales price (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2010 $370,396 $624,634 $0
$467,854
2011
2012
$343,146 $329,498 $655,200 $610,277 $1,255,000 $1,080,000 $432,648 $386,453
2013 $372,346 $605,640 $1,347,000 $478,511
% CHANGE (2013 v 2012)
13% -1% 25% 24%
$500,000 $400,000 $300,000 $200,000 $100,000 $2010
2011
Average List Price
CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2011
2012
2013
74 46
88 28 2 118
134 31 1 166
90 41 5 136
120
2013
180
2010
0
2012 Average Sold Price
% CHANGE (2013 v 2012)
-33% 32% 400% -18%
160 140 120 100 80 60 40 20 2010
CLOSED VOLUME (SFH) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2011
2012
2013
$70,000,000
2010
2011
2012
2013
$27,409,300
$30,196,845
$44,152,678
$33,511,179
$28,733,175
$18,345,593
$18,918,600
$24,831,250
$0
$2,510,000
$1,080,000
$6,735,000
$56,142,475
$51,052,438
$64,151,278
$65,077,429
% CHANGE (2013 v 2012)
-24% 31% 524% 1%
$60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $2010
2011
2012
2013
ON THE MARKET FEATURED PROPERTIES
LISTINGS AROUND THE WORLD IN THIS PRICE RANGE
Penngrove, CA
in metropolitan markets
Extraordinary WINE COUNTRY Property Closed: February 2013 Agent: Tina Shone
Los angeles
NEW YORK
SAN francisco
5 br, 5 ba | $3,454,000
3 br, 3 ba | $3,150,000
3 br, 2 ba, 1 hf ba | $2,850,000
Montecito
Amagansett
Big Sur
5 br, 4 ba | $3,495,000
3 br, 3 ba, 1 hf ba | $3,200,000
3 br, 3 ba | $2,995,000
Thailand
Israel
United Kingdom
4 br, 4 ba | $3,245,644
3 br, 2 ba, 1 hf ba | $3,200,000
7 br, 5 ba | $3,035,747
in resort markets
1 br / 3 ba $3,200,000 The contemporary design incorporates recycled materials to create character and functionality throughout the structures and gardens of this wine country estate. Ranked 1 of 10 Best Homes in America, 2005 Metropolitan Home Magazine. Eco-friendly, extraordinary features include poured in place, 20’ concrete walls; 13’ ceilings supported by restored steel I-beams from the movie set of “Casablanca” and 10’ industrial windows from an old airplane hangar. Open, expansive living space includes master suite, custom kitchen, large walk through solarium shedding abundant natural light.
in foreign markets
COMING UP AT AUCTION
Jean-Léon Gérôme , Le tigre et le gardien 19th Century European Art May 9, 2013 Estimate: $300,000 - 400,000
Buste d’homme, 1969 by Pablo Picasso Impressionist & Modern Art Evening Sale May 7, 2013 Estimate: $5,000,000 - 7,000,000
CLYFFORD STILL, PH-21, 1962 Contemporary Art Evening Auction 14 May 2013
SONOMA VALLEY ABOUT SONOMA VALLEY Approximately 40 miles north of San Francisco, Sonoma real estate is perfectly situated to maximize residents’ quality of life. Although world-renowned as a wine mecca, Sonoma maintains the tight-knit feel of a small community, with a charming downtown. In 1846, the California Republic declared its independence from Mexico, with Sonoma named the capital of this short-lived sovereign state. Consequently, Sonoma is known as the birthplace of California, a town rich in history surrounded by breathtaking natural beauty.
average sales price (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2009 $331,078 $690,956 $1,150,400 $2,398,125 $ 655,092
$800,000 $700,000
2010
2011
2012
$312,675 $319,993 $333,631 $679,589 $693,346 $688,919 $1,178,440 $1,328,500 $1,212,778 $2,167,833 $2,040,000 $2,527,455 $592,086 $ 529,978 $ 732,767
% CHANGE (2012 v 2011)
4% -1% -9% 24% 38%
$600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2009
2010
Average List Price
CLOSED UNITS: # OF SIDES (sfh)
2011
2012
Average Sold Price
140
PRICE RANGE
2009
2010
2011
2012
Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
54 30 5 8 97
51 28 4 6 89
79 26 6 5 116
56 39 9 11 115
% CHANGE (2012 v 2011)
-29% 50% 50% 120% -1%
120 100 80 60 40 20 2009
CLOSED VOLUME (SFH) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2010
2011
2012
$90,000,000
2009
2010
2011
2012
$17,878,200
$15,946,400
$25,279,419
$18,683,349
$20,728,687
$19,028,500
$18,027,000
$26,867,850
$5,752,000
$4,713,760
$7,971,000
$10,915,000
$19,185,000
$13,077,000
$10,200,000
$27,802,000
$63,543,887 $ 52,695,660
$61,477,419 $ 84,268,199
% CHANGE
$80,000,000
(2012 v 2011)
$70,000,000
-26% 49% 37% 173% 37%
$60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $2009
Serving sONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate
2010
2011
2012
HEALDSBURG ABOUT HEALDSBURG The quaint hamlet of Healdsburg, located at the gateway of Sonoma County’s diverse wine growing region, is just 75 miles north of San Francisco. Healdsburg is a vibrant and friendly community with world-wide recognition as a popular destination for visitors looking to experience the American Tuscany. It is a welcome retreat, catering to its visitors and residents with first class hotels, spas, restaurants and boutiques. Many Victorian and Craftsman style homes reflect the towns rich 150 year old heritage.
$1,200,000
average sales price (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2009 $315,813 $635,879 $1,118,333 $2,788,256 $ 864,530
2010
2011
$340,387 $317,014 $730,714 $709,219 $1,178,333 $1,056,250 $3,300,000 $2,900,000 $867,866 $591,786
2012 $357,774 $670,111 $1,147,000 $3,008,333 $782,300
% CHANGE
$1,000,000 $800,000
(2012 v 2011)
13% -6% 9% 4% 32%
$600,000 $400,000 $200,000 $2009
2010
Average List Price
CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2011
2012
Average Sold Price
70
2009
2010
2011
2012
16 7 3 5 31
23 7 3 5 38
22 16 4 1 43
31 18 5 6 60
% CHANGE (2012 v 2011)
41% 13% 25% 500% 40%
60 50 40 30 20 10 2009
CLOSED VOLUME (SFH) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2010
2011
2012
$50,000,000
2009
2010
2011
2012
$5,053,000
$7,828,900
$6,974,300
$11,091,000
$4,451,150
$5,115,000
$11,347,500
$12,062,000
$3,355,000
$3,535,000
$4,225,000
$5,735,000
$13,941,281
$16,500,000
$2,900,000
$18,050,000
$26,800,431
$32,978,900
$25,446,800
$46,938,000
% CHANGE (2012 v 2011)
59% 6% 36% 522% 84%
$45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $2009
2010
2011
2012
ON THE MARKET FEATURED PROPERTIES
LISTINGS AROUND THE WORLD IN THIS PRICE RANGE
SONOMA, CA
in metropolitan markets
SONOMA, CA
Pacific Palisades
NEW YORK
SAN Francisco
5 br / 4 ba / 1 hf ba $5,575,000
4 br / 4 ba $5,000,000
7 br / 7 ba / 1 hf ba $5,900,000
SANTA FE
PALM BEACH
Santa Barbara
3 br / 2 ba / 4 hf ba $5,750,000
5 br / 6 ba / 3 hf ba $5,450,000
5 br / 5 ba $5,250,000
Milan
Sweden
Japan
5 br / 5 ba $5,279,134
$4,550,000
9 br / 1 ba / 2 hf ba Price Upon Request
Masterworks Rare English & European Decorative Arts 1 February
featuring Wines Direct from Ornellaia, Dom Pérignon and Yquem Finest & Rarest Wines 23 February
SINGLE FAMILY HOME Closed: November 2012 Listing Agents: Ginger Martin & Carol Sebastiani
in resort markets
Selling Agents: Carol Sebastiani & Ginger Martin
4 bd / 3 ba $5,500,000 Located just a 1/2 mile from the historic Sonoma Plaza, this park-like estate is a hidden gem on the coveted Eastside of Sonoma.The property, designed by architect Michal Ross boasts noteworthy gardens designed by renowned landscape designer Roger Warner that gracefully wrap around the completely renovated main house, pool, & pool house and an entertainment barn.
in foreign markets
COMING UP AT AUCTION
Portrait of Mariano Goya, the artist’s grandson Old Master Paintings & Sculpture 31 January – 1 February Estimate: $6-$8 million
2012 - Sonoma Valley Volume 22% 33%
< $500k $500k - $1.0M $1.0M - $1.5M $1.5M and up
13%
A MESSAGE FROM OUR MANAGER: JEFFREY GIBSON The fourth quarter of 2012 finished very strong for high-end real estate in Sonoma Valley and Healdsburg. Both sales price and sales volume were significantly up from the prior year according to BAREIS, as detailed in the following charts. In looking back on the push of real estate sales in 2012, it seems clear that we are rising from the bottom of the market.The Sonoma Valley and Healdsburg markets saw dips in sales volume and prices from 2009 to 2011, but in 2012 luxury real estate values in these markets climbed in certain areas above their 2009 high-mark levels. Currently, there is still a shortage of good available inventory for the many strong qualified buyers looking to purchase, which historically has driven up sales and prices.
32%
Source: BAREIS
In Sonoma Valley the average sales price for single-family homes rose 38 percent in year over year comparisons, and the number of sold units in the $500,000 to $1,500,000 category increased by 50 percent over 2011. The hot spot in Sonoma Valley is undeniably the $1,500,000 and up category with growth of 173 percent, representing $27,802,000 in sales volume compared to $10,200,000 in 2011. Sales volume overall in Sonoma Valley increased by 37 percent totaling $84,268,199 versus $61,477,419 in 2011.
HEALDSBURG MARKET SUMMARY (SFH)
2012 - Healdsburg Volume 23.6% < $500k
38.5%
$500k - $1.0M $1.0M - $1.5M
25.7%
$1.5M and up
12.2%
Source: BAREIS
WINE COUNTRY Brokerage t: 707.935.2288 25 East Napa Street Sonoma, CA 95476
In Healdsburg the average sales price for single-family homes rose 32 percent in year over year comparisons, and the number of sold units in the $1,000,000 to $1,500,000 category increased by 25 percent over 2011. The hot spot in Healdsburg is undeniably the $1,500,000 and up category with growth of 522 percent, representing $18,050,000 in sales volume compared to $2,900,000 in 2011. Sales volume overall in Healdsburg increased by 84 percent totaling $46,938,000 versus $25,446,800 in 2011.
MARKET UPDATE | Q1 2013 SONOMA | NAPA | WINE COUNTRY SONOMA VALLEY MARKET SUMMARY (SFH)
Q1-2013 - Sonoma Valley Volume
32%
36%
< $500k $500k - $1.0M $1.0M and up
A MESSAGE FROM OUR MANAGER: JEFFREY GIBSON The First Quarter of 2013 demonstrated continuing recovery for real estate sales in Wine Country according to BAREIS, as detailed in the following charts. Much of last year and thus far in 2013, Sonoma Valley and Petaluma have experienced an extreme shortage of residential inventory which is resulting in competitive bidding wars between buyers. This has resulted in climbing home prices in some areas, but an overall reduction in the number of homes sold compared to early 2012. In Petaluma, the average sales price for the First Quarter of 2013 increased by 24 percent, whereas in Sonoma Valley the average sales price decreased 19 percent. What is clear is that both the Sonoma Valley and Petaluma markets are in need of more available homes for sale.
32% Source: BAREIS
In Sonoma Valley the average sales price for single-family homes decreased 19 percent in year over year comparisons, and the total number of sold units in the $500,000 to $1,000,000 category decreased 16 percent over 2012. In Sonoma Valley in the $500,000 and under category, the average sales price grew 6 percent, to $341,683, compared to $322,345 in 2012. Sales volume overall in Sonoma Valley decreased by 32 percent totaling $47,241,075 versus $69,444,749 in 2012. This is simply a factor of limited available inventory as there are often several buyers for each property.
PETALUMA MARKET SUMMARY (SFH)
Q1-2013 - Petaluma Volume 10.3% < $500k
38.2%
51.5%
$500k - $1.0M $1.0M and up
Source: BAREIS
WINE COUNTRY Brokerage t: 707.935.2288 25 East Napa Street Sonoma, CA 95476
In Petaluma the average sales price for single-family homes rose 24 percent in year over year comparisons, and the number of sold units in the $1,000,000 and up category increased by 400 percent over 2012. The hot spot in Petaluma is undeniably the $1,000,000 and up category with growth of 524 percent, representing $6,735,000 in sales volume compared to $1,080,000 in 2012. Sales volume in the $500,000$1,000,000 and up category in Petaluma increased by 31 percent totaling $24,831,250 versus $18,918,600 in 2012.
SONOMA VALLEY ABOUT SONOMA VALLEY Approximately 40 miles north of San Francisco, Sonoma real estate is perfectly situated to maximize residents’ quality of life. Although world-renowned as a wine mecca, Sonoma maintains the tight-knit feel of a small community, with a charming downtown. In 1846, the California Republic declared its independence from Mexico, with Sonoma named the capital of this short-lived sovereign state. Consequently, Sonoma is known as the birthplace of California, a town rich in history surrounded by breathtaking natural beauty.
average sales price (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2010 $335,889 $652,308 $2,000,500 $608,595
$800,000
2011
2012
$318,619 $322,345 $717,944 $690,379 $1,767,778 $2,587,508 $591,224 $708,620
2013 $341,683 $692,052 $1,493,178 $576,111
% CHANGE (2013 v 2012)
6% 0% -42% -19%
$700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2010
2011
Average List Price
CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2012
2013
Average Sold Price
120
2010
2011
2012
2013
45 26 8 79
50 24 9 83
57 29 12 98
50 22 10 82
% CHANGE (2013 v 2012)
-12% -24% -17% -16%
100 80 60 40 20 2010
CLOSED VOLUME (SFH) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2011
2012
2013
$80,000,000
2010
2011
2012
2013
$15,144,990
$15,930,940
$18,373,649
$17,084,150
$16,960,000
$17,230,650
$20,021,000
$15,225,150
$16,004,000
$15,910,000
$31,050,100
$14,931,775
$48,078,990
$49,071,590
$69,444,749
$47,241,075
% CHANGE
$70,000,000
(2013 v 2012)
$60,000,000
-7% -24% -52% -32%
$50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $2010
Serving sONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate
2011
2012
2013
PETALUMA ABOUT PETALUMA The town of Petaluma offers a little slice of California history to all who come to sample its Victorian delights. The heart of Petaluma is its Victorian Historic Downtown, which was added to the National Register of Historic Places in 1995. Petaluma offers many colorful family events that provide opportunities to escape the everyday hustle and bustle of life. The Great Petaluma Mill, which stands guard over the west bank, is one of the oldest structures in town. Visitors can combine shopping with history and can wander through the downtown district.
$600,000
average sales price (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2010 $370,396 $624,634 $0
$467,854
2011
2012
$343,146 $329,498 $655,200 $610,277 $1,255,000 $1,080,000 $432,648 $386,453
2013 $372,346 $605,640 $1,347,000 $478,511
% CHANGE (2013 v 2012)
13% -1% 25% 24%
$500,000 $400,000 $300,000 $200,000 $100,000 $2010
2011
Average List Price
CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2011
2012
2013
74 46
88 28 2 118
134 31 1 166
90 41 5 136
120
2013
180
2010
0
2012 Average Sold Price
% CHANGE (2013 v 2012)
-33% 32% 400% -18%
160 140 120 100 80 60 40 20 2010
CLOSED VOLUME (SFH) PRICE RANGE Up to $500,000 $500K - $1M $1,000,000 and up TOTALS
2011
2012
2013
$70,000,000
2010
2011
2012
2013
$27,409,300
$30,196,845
$44,152,678
$33,511,179
$28,733,175
$18,345,593
$18,918,600
$24,831,250
$0
$2,510,000
$1,080,000
$6,735,000
$56,142,475
$51,052,438
$64,151,278
$65,077,429
% CHANGE (2013 v 2012)
-24% 31% 524% 1%
$60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $2010
2011
2012
2013
ON THE MARKET FEATURED PROPERTIES
LISTINGS AROUND THE WORLD IN THIS PRICE RANGE
Penngrove, CA
in metropolitan markets
Extraordinary WINE COUNTRY Property Closed: February 2013 Agent: Tina Shone
Los angeles
NEW YORK
SAN francisco
5 br, 5 ba | $3,454,000
3 br, 3 ba | $3,150,000
3 br, 2 ba, 1 hf ba | $2,850,000
Montecito
Amagansett
Big Sur
5 br, 4 ba | $3,495,000
3 br, 3 ba, 1 hf ba | $3,200,000
3 br, 3 ba | $2,995,000
Thailand
Israel
United Kingdom
4 br, 4 ba | $3,245,644
3 br, 2 ba, 1 hf ba | $3,200,000
7 br, 5 ba | $3,035,747
in resort markets
1 br / 3 ba $3,200,000 The contemporary design incorporates recycled materials to create character and functionality throughout the structures and gardens of this wine country estate. Ranked 1 of 10 Best Homes in America, 2005 Metropolitan Home Magazine. Eco-friendly, extraordinary features include poured in place, 20’ concrete walls; 13’ ceilings supported by restored steel I-beams from the movie set of “Casablanca” and 10’ industrial windows from an old airplane hangar. Open, expansive living space includes master suite, custom kitchen, large walk through solarium shedding abundant natural light.
in foreign markets
COMING UP AT AUCTION
Jean-Léon Gérôme , Le tigre et le gardien 19th Century European Art May 9, 2013 Estimate: $300,000 - 400,000
Buste d’homme, 1969 by Pablo Picasso Impressionist & Modern Art Evening Sale May 7, 2013 Estimate: $5,000,000 - 7,000,000
CLYFFORD STILL, PH-21, 1962 Contemporary Art Evening Auction 14 May 2013
SONOMA VALLEY ABOUT SONOMA VALLEY Approximately 40 miles north of San Francisco, Sonoma real estate is perfectly situated to maximize residents’ quality of life. Although world-renowned as a wine mecca, Sonoma maintains the tight-knit feel of a small community, with a charming downtown. In 1846, the California Republic declared its independence from Mexico, with Sonoma named the capital of this short-lived sovereign state. Consequently, Sonoma is known as the birthplace of California, a town rich in history surrounded by breathtaking natural beauty.
average sales price (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2009 $331,078 $690,956 $1,150,400 $2,398,125 $ 655,092
$800,000 $700,000
2010
2011
2012
$312,675 $319,993 $333,631 $679,589 $693,346 $688,919 $1,178,440 $1,328,500 $1,212,778 $2,167,833 $2,040,000 $2,527,455 $592,086 $ 529,978 $ 732,767
% CHANGE (2012 v 2011)
4% -1% -9% 24% 38%
$600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2009
2010
Average List Price
CLOSED UNITS: # OF SIDES (sfh)
2011
2012
Average Sold Price
140
PRICE RANGE
2009
2010
2011
2012
Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
54 30 5 8 97
51 28 4 6 89
79 26 6 5 116
56 39 9 11 115
% CHANGE (2012 v 2011)
-29% 50% 50% 120% -1%
120 100 80 60 40 20 2009
CLOSED VOLUME (SFH) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2010
2011
2012
$90,000,000
2009
2010
2011
2012
$17,878,200
$15,946,400
$25,279,419
$18,683,349
$20,728,687
$19,028,500
$18,027,000
$26,867,850
$5,752,000
$4,713,760
$7,971,000
$10,915,000
$19,185,000
$13,077,000
$10,200,000
$27,802,000
$63,543,887 $ 52,695,660
$61,477,419 $ 84,268,199
% CHANGE
$80,000,000
(2012 v 2011)
$70,000,000
-26% 49% 37% 173% 37%
$60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $2009
Serving sONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate
2010
2011
2012
HEALDSBURG ABOUT HEALDSBURG The quaint hamlet of Healdsburg, located at the gateway of Sonoma County’s diverse wine growing region, is just 75 miles north of San Francisco. Healdsburg is a vibrant and friendly community with world-wide recognition as a popular destination for visitors looking to experience the American Tuscany. It is a welcome retreat, catering to its visitors and residents with first class hotels, spas, restaurants and boutiques. Many Victorian and Craftsman style homes reflect the towns rich 150 year old heritage.
$1,200,000
average sales price (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2009 $315,813 $635,879 $1,118,333 $2,788,256 $ 864,530
2010
2011
$340,387 $317,014 $730,714 $709,219 $1,178,333 $1,056,250 $3,300,000 $2,900,000 $867,866 $591,786
2012 $357,774 $670,111 $1,147,000 $3,008,333 $782,300
% CHANGE
$1,000,000 $800,000
(2012 v 2011)
13% -6% 9% 4% 32%
$600,000 $400,000 $200,000 $2009
2010
Average List Price
CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2011
2012
Average Sold Price
70
2009
2010
2011
2012
16 7 3 5 31
23 7 3 5 38
22 16 4 1 43
31 18 5 6 60
% CHANGE (2012 v 2011)
41% 13% 25% 500% 40%
60 50 40 30 20 10 2009
CLOSED VOLUME (SFH) PRICE RANGE Up to $500,000 $500K - $1M $1 - $1.5M $1.5M and up TOTALS
2010
2011
2012
$50,000,000
2009
2010
2011
2012
$5,053,000
$7,828,900
$6,974,300
$11,091,000
$4,451,150
$5,115,000
$11,347,500
$12,062,000
$3,355,000
$3,535,000
$4,225,000
$5,735,000
$13,941,281
$16,500,000
$2,900,000
$18,050,000
$26,800,431
$32,978,900
$25,446,800
$46,938,000
% CHANGE (2012 v 2011)
59% 6% 36% 522% 84%
$45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $2009
2010
2011
2012
ON THE MARKET FEATURED PROPERTIES
LISTINGS AROUND THE WORLD IN THIS PRICE RANGE
SONOMA, CA
in metropolitan markets
SONOMA, CA
Pacific Palisades
NEW YORK
SAN Francisco
5 br / 4 ba / 1 hf ba $5,575,000
4 br / 4 ba $5,000,000
7 br / 7 ba / 1 hf ba $5,900,000
SANTA FE
PALM BEACH
Santa Barbara
3 br / 2 ba / 4 hf ba $5,750,000
5 br / 6 ba / 3 hf ba $5,450,000
5 br / 5 ba $5,250,000
Milan
Sweden
Japan
5 br / 5 ba $5,279,134
$4,550,000
9 br / 1 ba / 2 hf ba Price Upon Request
Masterworks Rare English & European Decorative Arts 1 February
featuring Wines Direct from Ornellaia, Dom Pérignon and Yquem Finest & Rarest Wines 23 February
SINGLE FAMILY HOME Closed: November 2012 Listing Agents: Ginger Martin & Carol Sebastiani
in resort markets
Selling Agents: Carol Sebastiani & Ginger Martin
4 bd / 3 ba $5,500,000 Located just a 1/2 mile from the historic Sonoma Plaza, this park-like estate is a hidden gem on the coveted Eastside of Sonoma.The property, designed by architect Michal Ross boasts noteworthy gardens designed by renowned landscape designer Roger Warner that gracefully wrap around the completely renovated main house, pool, & pool house and an entertainment barn.
in foreign markets
COMING UP AT AUCTION
Portrait of Mariano Goya, the artist’s grandson Old Master Paintings & Sculpture 31 January – 1 February Estimate: $6-$8 million
