Santa Clara County Real Estate Market Update - Facts and Trends

Facts and Trends™ Published June 2015*

Number of Homes For Sale vs. Sold vs. Pended (Mar. 2014 - May. 2015)

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago May. 15 Apr. 15 % Change May. 15 May. 14 % Change Mar. 15 to May. 15 Mar. 14 to May. 14 % Change For Sale 1419 1314 8% 1419 1642 -13.6% 1278 1440 -11.2% Sold 1459 1520 -4% 1459 1521 -4.1% 1394 1355 2.9% Pended 1663 1553 7.1% 1663 1619 2.7% 1571 1480 6.1% May 2015 is a Seller's market** Home For Sale in May 2015 is 1419 units. It is up 8% compared to the last month and down 13.6% compared to the last year. Home Closed in May 2015 is 1459 units. It is down 4% compared to the last month and down 4.1% compared to the last year. Home Placed under Contract in May 2015 is 1663 units. It is up 7.1% compared to the last month and up 2.7% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

Average Price per SQFT (Mar. 2014 - May. 2015)

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago May. 15 Apr. 15 % Change May. 15 May. 14 % Change Mar. 15 to May. 15 Mar. 14 to May. 14 % Change Avg. Sq. Ft. Price 634.3 611.5 3.7% 634.3 559.3 13.4% 623.3 558 11.7% May 2015 Average Sold Price per Square Footage is Appreciating** Average Sold Price per Square Footage in May 2015 is $634. It is up 3.7% compared to the last month and up 13.4% compared to the last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.

Avg CDOM & SP/Orig LP % (Mar. 2014 - May. 2015)

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago May. 15 Apr. 15 % Change May. 15 May. 14 % Change Mar. 15 to May. 15 Mar. 14 to May. 14 % Change Avg CDOM 18 21 -14.3% 18 23 -21.7% 20 25 -20% Sold/Orig LP Diff. % 107 107 0%     107 105 1.9% 107 105 1.9% May 2015 Average Continuous Days on Market trend is Falling** Continuous Days on Market in May 2015 is 18. It is down 14.3% compared to the last month and down 21.7% compared to the last year. May 2015 Sold/Original List Price Ratio is Rising** Sold/Original List Price % in May 2015 is 107%. It is the same as compared to the last month and up 1.9% compared to the last year. **Based on 6 month trend - Rising/Falling/Remains Steady.

Average Price of For Sale and Sold (Mar. 2014 - May. 2015)

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago May. 15 Apr. 15 % Change May. 15 May. 14 % Change Mar. 15 to May. 15 Mar. 14 to May. 14 % Change Avg. Active Price 1500 1554 -3.5% 1500 1331 12.7% 1538 1340 14.8% Avg. Sold Price 1128 1096 2.9% 1128 991 13.8% 1109 989 12.1% May 2015 Average For Sale Price is Neutral** Average For Sale Price (in thousand) in May 2015 is $1500. It is down 3.5% compared to the last month and up 12.7% compared to the last year. May 2015 Average Sold Price is Appreciating** Average Sold Price (in thousand) in May 2015 is $1128. It is up 2.9% compared to the last month and up 13.8% compared to the last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.

Months of Inventory Based on Closed Sales (Mar. 2014 - May. 2015)

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago May. 15 Apr. 15 % Change May. 15 May. 14 % Change Mar. 15 to May. 15 Mar. 14 to May. 14 % Change Months of Inventory (Closed Sales) 1 0.9 11.6% 1 1.1 -9.3% 0.9 1.1 -18.8% May 2015 is a Seller's market** Months of Inventory based on Closed Sales in May 2015 is 1. It is up 11.6% compared to the last month and down 9.3% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

Date 3/14 4/14 5/14 6/14 7/14 8/14 9/14 10/14 11/14 12/14 1/15 2/15 3/15 4/15 5/15 For Sale 1188 1489 1642 1694 1862 1779 1816 1536 1067 627 813 958 1100 1314 1419 New Listing 1684 1933 2007 1763 1845 1543 1608 1398 813 535 1051 1352 1799 1922 1892 Sold 1111 1434 1521 1473 1521 1335 1315 1376 1067 1077 724 788 1204 1520 1459 Pended 1348 1473 1619 1471 1357 1391 1220 1387 996 750 782 1097 1496 1553 1663 Months of Inventory (Closed Sales) 1.1 1 1.1 1.2 1.2 1.3 1.4 1.1 1 0.6 1.1 1.2 0.9 0.9 1 Months of Inventory (Pended Sales) 0.9 1 1 1.2 1.4 1.3 1.5 1.1 1.1 0.8 1 0.9 0.7 0.8 0.9 Absorption Rate (Closed Sales) % 93.5 96.3 92.6 87 81.7 75 72.4 89.6 100 171.8 89.1 82.3 109.5 115.7 102.8 Absorption Rate (Pended Sales) % 113.5 98.9 98.6 86.8 72.9 78.2 67.2 90.3 93.3 119.6 96.2 114.5 136 118.2 117.2 Avg. Active Price 1333 1356 1331 1307 1237 1237 1233 1293 1378 1536 1499 1508 1569 1554 1500 Avg. Sold Price 967 1003 991 1042 960 991 948 995 950 917 958 1073 1104 1096 1128 Avg. Sq. Ft. Price 555 559 559 581 551 551 556 565 546 530 552 599 625 611 634 Sold/List Diff. % 105 106 106 104 104 103 103 103 103 102 102 105 107 108 108 Sold/Orig LP Diff. % 105 106 105 104 103 102 102 102 102 101 101 104 107 107 107 Days on Market 22 22 20 19 21 25 26 26 28 33 36 30 21 19 17 Avg CDOM 27 26 23 21 24 27 29 33 31 37 41 33 22 21 18 Median 745 771 760 790 750 760 731 758 750 735 711 769 823 850 875

*All reports are published June 2015, based on data available at the end of May 2015. All reports presented are based on data supplied by the Metrolist, BAREIS, Contra Costa Association of Realtors and Bay East Association of Realtors or their MLSs, Fresno County MLS and MLSListings. Neither the Associations nor their MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.