Stinson Beach Annual Report 2017 - The Sherfey Group - Golden Gate Sotheby's International Realty

STINSON BEACH
M A R K E T R E P O R T 2 0 1 7
P R E S E N T E D B Y T H E S H E R F E Y G R O U P

SEASIDE ESCAPES
Simply put, 2017 saw substantially fewer real estate transactions in Stinson Beach. The
volume of sales in 2017 was down 37.5% from the previous year. Out of 725 properties,
just 20 sold, compared to 33 in 2016. Interestingly, however, the average price per square
foot increased by 11%. Most importantly, while sales inventory was down this last year, the
inventory of buyers remains strong, with our clients hopeful that Spring and Summer of 2018
will bring new listings.
In 2017, the Sherfey Group saw a large increase in the number of properties sold on the
Patios and Calles, with a total of five (compared to just one sale in 2016). These listings
had an average sales price of $1,488,400. The Hill and Panoramic neighborhoods had four
sales, with an average price of $2,600,000. In Seadrift, three Inner Lagoon homes sold for
an average price of $2,425,000, two Bolinas Lagoon homes sold for an average price of
$3,800,000, and three Oceanfront properties sold for an average price of $5,258,333.
Despite the lower sales volume, the Sherfey Group continued to grow in 2017. In addition
to our transactions in Stinson, we interviewed for number of listings in Bolinas, completed
our first sale in Inverness and concluded a modest but lovely office remodel. If you weren’t
already aware, we share office space with Highway One Properties, at 3605 Shoreline Hwy.
2017 was also a growth year for Decker Bullock Sotheby’s International Realty. The company
rebranded as Golden Gate Sotheby’s International Realty (GGSIR), following brokerage
acquisitions in both Silicon Valley and the East Bay. Now with 20 offices and 425 agents
across the region, GGSIR is well positioned to be the number one brokerage in the Bay
Area. Most importantly for you, this growth allows us to seamlessly network with these top
producing agents and their clients which ensures you get the best representation possible.
Finally, year after year, Stinson Beach remains the premier real estate destination for the
greater Bay Area. The natural beauty allows everyone to escape their busy lives, gain
inspiration and appreciate the simple life. We feel incredibly lucky to live and work in this
beautiful coastal community unlike anywhere else. As you and your family consider your real
estate needs in Stinson Beach, we hope you will consider us. We’re local agents, in a local
office, with a global reach.
THE SHERFEY GROUP
Golden Gate Sotheby’s International Realty
3605 Shoreline Hwy. Stinson Beach, California
Office: 415.868.0288 | Cell: 415.203.2648
www.thesherfeygroup.com
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Barbara Sherfey Mitchell Jeanne Sherfey Sara Sherfey Gemma

SEADRIFT
OCEANFRONT
2017
$6,275,000
highest sale
3
total units sold
120
total unit inventory
$5,045,000
avg list price
$5,258,333
avg sale price
1,870
avg sq ft
15%
increase in price per square foot
$2,971
avg price sq ft
54
avg days on mkt

2017
$2,750,000
highest sale
SEADRIFT
LAGOON
3
total units sold
176
total unit inventory
$2,416,667
avg list price
$2,425,000
avg sale price
1,612
avg sq ft
$1,525
avg price sq ft
22
avg days on mkt
57%
decrease in total # of homes sold

STINSON BEACH
S A L E S 2 0 0 0 - 2 0 1 7
NEIGHBORHOOD 2000 2001 2002 2003 2004 2005 2006
Seadrift Oceanfront No. Sold 2 0 1 3 5 6 5
Seadrift Oceanfront Ave Sale Price $3,350,500 - $2,500,000 $3,083,333 $4,205,000 $3,920,833 $4,010,000 $
Seadrift Inner Lagoon No. Sold 4 1 5 8 5 11 6
Seadrift Inner Lagoon Avg. Sale Price $1,186,250 $1,422,500 $1,428,400 $1,200,000 $1,379,400 $1,620,455 $1,972,500 $
Seadrift Inner Lagoon LOT No. Sold 2 0 5 1 0 0 2
Seadrift Inner Lagoon LOT Avg. Sale Price $512,000 - $664,400 $725,000 - - $887,500 $
Seadrift Bolinas Lagoon No. Sold 0 0 0 0 3 0 1
Seadrift Bolinas Lagoon Avg. Sale Price - - - - $2,865,000 - $2,812,500
Patios / Calles Oceanfront No. Sold 1 0 0 1 1 1 0
Patios / Calles Oceanfront Avg. Sale Price $2,600,000 - - $950,000 $2,037,500 $3,225,000 - $
Patios / Calles Non-Oceanfront No. Sold 1 1 4 4 2 8 7
Patios / Calles Non-Oceanfront Avg. Sale Price $1,295,000 $1,350,000 $673,000 $815,500 $810,000 $1,021,983 $902,536 $
Hill/ Panoramic No. Sold 5 3 1 5 4 2 5
Hill/ Panoramic Avg. Sale Price $1,056,010 $818,333 $550,000 $1,171,200 $1,106,500 $1,540,000 $1,147,000 $
Village No. Sold 0 2 0 1 1 0 1
Village Avg. Sale Price - $1,367,500 - $915,000 $875,000 - $1,300,000
Total Properties Sold 15 7 16 23 21 28 27

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
4 4 0 2 4 4 2 6 2 4 3
0 $3,737,500 $5,164,125 - $3,527,500 $3,962,500 $4,550,000 $3,700,000 $5,056,000 $6,333,750 $6,154,500 $5,258,333
6 6 0 2 2 3 12 6 5 7 3
0 $2,061,167 $2,225,667 - $2,262,500 $1,620,000 $1,508,333 $1,820,027 $2,228,438 $2,244,550 $2,855,714 $2,425,000
1 0 0 1 2 0 1 0 3 3 1
$700,000 - - $775,000 $1,110,000 - $820,000 - $1,183,333 $1,150,000 $1,275,000
0 0 1 0 1 0 1 0 0 0 2
0 - - $1,900,000 - $2,250,000 - $3,300,000 - - - $3,800,000
3 0 0 0 1 0 3 1 2 1 1
$1,926,666 - - - $2,000,000 - $1,649,258 $2,575,000 $4,600,000 $4,022,500 $2,600,000
5 1 0 6 0 6 4 2 3 1 5
$1,104,600 $1,505,000 - $637,500 - $866,854 $1,036,563 $630,000 $1,633,333 $1,590,300 $1,488,400
3 2 2 1 0 12 10 7 7 10 4
0 $791,500 $1,697,500 $1,704,675 $1,050,000 - $1,142,333 $1,428,480 $1,292,714 $1,674,856 $1,551,275 $2,600,000
0 2 0 1 1 2 1 0 0 2 1
0 - $382,500 $1,704,675 $330,000 $310,000 $525,000 $265,000 - - $952,500 $975,000
22 15 3 13 11 27 34 22 22 30 20
*1 Seadrift oceanfront lot sold in 2015 for $3.51M, 2 Seadrift oceanfront lots sold in 2016, avg sale price was $2.95M

SEADRIFT
BOLINAS LAGOON
2017
$4,000,000
highest sale
2
total units sold
17
total unit inventory
$3,897,500
avg list price
$3,800,000
avg sale price
2,278
avg sq ft
$1,667
avg price sq ft
First 2
properties to sell since 2013
43
avg days on mkt

2017
$4,450,000
highest sale
HILL /
PANORAMIC
4
total units sold
159
total unit inventory
$2,629,750
avg list price
$2,600,000
avg sale price
2,019
avg sq ft
$999
avg price sq ft
120
avg days on mkt
47%
increase in average list price

PATIOS / CALLES
OCEANFRONT
2017
$2,600,000
highest sale
1
total units sold
38
total unit inventory
$3,750,000
avg list price
$2,600,000
avg sale price
1,549
avg sq ft
50%
decrease in total # of homes sold
$1,678
avg price sq ft
57
avg days on mkt

2017
$2,000,000
highest sale
PATIOS / CALLES
NON-OCEANFRONT
5
total units sold
151
total unit inventory
$1,654,200
avg list price
$1,488,400
avg sale price
1,229
avg sq ft
$1,157
avg price sq ft
126
avg days on mkt
27%
increase in highest sales price

THE SHERFEY GROUP
GOLDEN GATE SOTHEBY’S INTERNATIONAL REALTY
3605 SHORELINE HIGHWAY, PO BOX 66
STINSON BEACH, CALIFORNIA 94970 UNITED STATES
OFFICE +1 415.868.9200
THESHERFEYGROUP.COM
SOTHEBY’S INTERNATIONAL REALTY IS A REGISTERED TRADEMARK LICENSED TO SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC.
EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED. COVER PHOTO BY CLINT GRAVES.