Wine Country Market Update First Quarter sothebyshomes.com. St. Helena, CA web:

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1 St. Helena, CA web: Wine Country Market Update First Quarter 2014 sonoma & Napa - wine country Brokerages 25 East Napa Street, Sonoma t: Broadway Street, Sonoma t: First Street East, Sonoma t: sothebyshomes.com All data within this document is pulled from the Bay Area Real Estate Information Services (BAREIS)

2 A MESSAGE FROM OUR MANAGER: Jeffrey G. Gibson The first quarter of 2014 is off to a promising start for the Wine Country real estate market as compared to the first quarter of 2013, according to the Bay Area Real Estate Information Services (BAREIS). The increase in inventory in Sonoma Valley, particularly of homes priced more than $500,000, led to a 66 percent jump in overall sales volume in Sonoma Valley. St. Helena and Healdsburg also both saw increases in sales volume, a 28 percent increase in St. Helena and a 13 percent increase in Healdsburg. The average sales price for single family homes (SFH) in Sonoma Valley increased 60 percent, from $576,111 in 2013 to $924,563 in The average sales price in Petaluma and Cotati increased from $473,458 in 2013 to $550,402 in 2014, a 16 percent growth. The following charts depict market details of Sonoma Valley, Napa, St. Helena, Healdsburg, Petaluma and Cotati. SONOMA VALLEY MARKET SUMMARY (SFH) Light inventory and the strong buyer demand in the first quarter of 2014 has resulted in a significant 66 percent increase in overall sales volume year over year. The total sales volume in the first quarter of 2014 was $78,587,836. Average sales prices of single-family homes in Sonoma Valley increased from $576,111 in the first quarter of 2013, to $924,563 in the first quarter of Average sales prices of homes more than $1 million jumped up 40 percent and prices of homes less than $500,000 increased 10 percent. Q SONOMA VALLEY VOLUME 14% 56% 30% < $500k $500k - $1.0M $1.0M and up Napa city SUMMARY (SFH) In the City of Napa, the average sales price for singlefamily homes rose 25 percent in comparison to 2013, with the average home selling for $607,395 in the first quarter of The average price of homes selling in the $500,000-$1,000,000 price range decreased slightly by one percent, while the total number of units sold in that price range increased by 16 percent. The shortage of inventory of homes less than $500,000 resulted in a 41 percent drop in their sales volume. Homes in the $500,000-$1,000,000 range saw a 14 percent increase in sales volume, and sales volume of homes in the $1 million+ range increased 31 percent. Q NAPA VOLUME 23% 30% 47% < $500k $500k - $1.0M $1.0M and up Sotheby s International Realty and the Sotheby s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby s International Realty, Inc.

3 SINGLE FAMILY HOME SALES 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 shortlived sovereign state. Consequently, Sonoma is known as the birthplace of California, a town rich in history surrounded by breathtaking natural beauty. PRICE RANGE Up to $500,000 $318,619 $322,345 $341,683 $374,747 10% $500K - $1M $717,944 $690,379 $692,052 $677,519-2% $1,000,000 and up $1,767,778 $2,587,508 $1,493,178 2,095,571 40% TOTALS $591,224 $708,620 $576,111 $924,563 60% $1,200,000 $1,000,000 $800,000 PRICE RANGE Up to $500, % $500K - $1M % $1,000,000 and up % TOTALS % PRICE RANGE (2013 v 2012) Up to $500,000 $15,930,940 $18,373,649 $17,084,150 $10,867,663-36% $500K - $1M $17,230,650 $20,021,000 $15,225,150 $23,713,173 56% $1,000,000 and up $15,910,000 $31,050,100 $14,931,775 $44,007, % TOTALS $49,071,590 $69,444,749 $47,241,075 $78,587,836 66% $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 3

4 Napa SINGLE FAMILY HOME SALES The City of Napa, at the southern end of Napa Valley, was incorporated in 1872, and reincorporated again in 1874 as the City of Napa. Napa became the primary business and economic center for the Napa Valley by the early 20th century. Napa is a world-class destination for wine country excursions with tasting bars and large wineries, including the Michael Mondavi Family Estate and the Domaine Carneros winery. PRICE RANGE Up to $500,000 $296,628 $293,583 $336,076 $379,699 13% $500K - $1M $660,399 $657,828 $678,031 $669,050-1% $1,000,000 and up $1,657,098 $1,899,615 $1,432,000 $1,561,717 9% TOTALS $439,898 $458,754 $486,113 $607,395 25% $700,000 $500,000 $300,000 $100,000 PRICE RANGE Up to $500, % $500K - $1M % $1,000,000 and up % TOTALS % PRICE RANGE Up to $500,000 $45,087,410 $46,386,112 $42,681,621 $25,060,151-41% $500K - $1M $17,830,785 $24,339,653 $33,901,550 $38,804,920 14% $1,000,000 and up $21,542,269 $24,695,000 $14,320,000 $18,740,600 31% $100,000,000 $95,000,000 $90,000,000 $85,000,000 $80,000,000 TOTALS $84,460,464 $95,420,765 $90,903,171 $82,605,671-9% $75,000,000 Serving sonoma AND NAPA sothebyshomes.com/sonoma-real-estate 4

5 SINGLE FAMILY HOME SALES ST. HELENA Located north of Napa, Yountville and Oakville, St. Helena is referred to as the heart of Napa Valley. St. Helena has a population of just 5,000 people, spans approximately four square miles and is home to some of the best wineries, restaurants and shopping in Wine Country as well as some of the most exquisite estate properties in Wine Country. PRICE RANGE Up to $500,000 $396,378 $429,500 $401,667 $475,000 18% $500K - $1M $745,000 $691,733 $730,353 $783,857 7% $1,000,000 and up $1,459,062 $2,161,667 $1,506,250 $2,556,333 70% TOTALS $746,529 $1,332,811 $871,481 $1,704,059 96% $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 PRICE RANGE Up to $500, % $500K - $1M % $1,000,000 and up % TOTALS % PRICE RANGE $35,000,000 $30,000,000 Up to $500,000 $792,755 $1,718,000 $1,205,000 $475,000-61% $500K - $1M $5,960,000 $4,150,400 $12,416,000 $5,487,000-56% $1,000,000 and up $1,459,062 $19,455,000 $9,037,500 $23,007, % TOTALS $8,211,817 $25,323,400 $22,658,500 $28,969,000 28% $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 5

6 petaluma and COtati SINGLE FAMILY HOME SALES The towns of Petaluma and Cotati offer a little slice of California history to all who come to sample their Victorian delights. 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. Cotati provides an eclectic assortment of restaurants, shops and services, and has one of only two hexagonally designed town plazas in the United States. PRICE RANGE Up to $500,000 $332,680 $324,420 $371,994 $404,934 9% $500K - $1M $660,342 $614,960 $607,097 $621,855 2% $1,000,000 and up $1,255,000 $1,080,000 $1,347,000 $1,225,500-9% TOTALS $420,287 $384,116 $473,458 $550,402 16% $700,000 $500,000 $300,000 $100,000 PRICE RANGE Up to $500, % $500K - $1M % $1,000,000 and up % TOTALS % PRICE RANGE Up to $500,000 $34,598,745 $47,689,668 $37,571,429 $20,246,711-46% $500K - $1M $20,470,593 $21,523,600 $26,712,250 $39,798,727 49% $1,000,000 and up $2,510,000 $1,080,000 $6,735,000 $4,902,000-27% TOTALS $57,579,338 $70,293,268 $71,018,679 $64,947,438-9% $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 Serving sonoma AND NAPA sothebyshomes.com/sonoma-real-estate 6

7 SINGLE FAMILY HOME SALES 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 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. PRICE RANGE Up to $500,000 $323,562 $329,196 $369,418 $393,308 6% $500K - $1M $674,844 $697,650 $664,317 $747,125 12% $1,000,000 and up $1,621,667 $3,345,750 $2,220,833 $1,716,517-23% TOTALS $550,105 $722,965 $754,872 $855,675 13% $1,000,000 $900,000 $800,000 $700,000 $500,000 $300,000 $100,000 PRICE RANGE Up to $500, % $500K - $1M % $1,000,000 and up % TOTALS % PRICE RANGE Up to $500,000 $7,441,917 $8,559,100 $7,388,350 $5,113,000-31% $500K - $1M $10,797,500 $6,976,500 $7,971,800 $11,954,000 50% $1,000,000 and up $4,865,000 $13,383,000 $13,325,000 $15,448,650 16% TOTALS $23,104,417 $28,918,600 $28,685,150 $32,515,650 13% $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 7

8 featured properties napa vineyard ESTATE Web ID: $5,495,000 Estate residence situated on approximately 38 acres. Includes an approximately 5-acre Cabernet Sauvignon vineyard. Ginger Martin Carol Sebastiani Glen ellen retreat Web ID: $2,695,000 With voluminous rooms, high ceilings and many windows, this is a wine country home that dances with daylight. Donald van de Mark eastside sonoma offering Web ID: $2,100,000 Approximately 14 acres with an updated main home plus guest house studio, pool, ancient oaks and meadows. Daniel Casabonne

9 Auction & Exhibition Calendar 2014 MMXIV SOTHEBY S INTERNATIONAL REALTY AFFILIATES LLC. ALL RIGHTS RESERVED. SOTHEBY S INTERNATIONAL REALTY IS A REGISTERED TRADEMARK LICENSED TO SOTHEBY S INTERNATIONAL REALTY AFFILIATES LLC. AN EQUAL OPPORTUNITY COMPANY. EQUAL HOUSING OPPORTUNITY. EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED. NEW YORK APRIL 1 A Modern Library: The Gordon Waldorf Collection 1 John James Audubon: The Birds of America, The Viviparous Quadrupeds of North America 1 The Inventive Eye: Photographs from a Private Collection 2 Photographs 8 Important Russian Works of Art, European Silver, and Vertu 16 American Paintings, Drawings & Sculpture 29 Magnificent Jewels LONDON APRIL 1 Made in Britain 8 The Orientalist Sale 9 Arts of the Islamic World 16 Finest and Rarest Wines 29 Furniture Collections 29 Travel, Atlases, Maps & Natural History 30 Old Master & British Paintings PARIS APRIL 1 Picasso and the Nude: Fifty Drawings from the Marina Picasso Collection Shown Above Left: WILLARD LEROY METCALF ( ) A SEASIDE PASTURE SIGNED W L METCALF (LOWER LEFT) OIL ON CANVAS PAINTED IN BY 29 INCHES (66 BY 73.7 CM) AMERICAN PAINTINGS, DRAWINGS & SCULPTURE NEW YORK 16 APRIL 2014 We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com.