SKYBOX REALTY
2016 Mission Bay Report Sherry Juneja & Vi Pavlicevich 415.676.7086 / sherry@skyboxrealty.com | 415.828.1114 / vi@skyboxrealty.com
SHERRY JUNEJA bre 01916952 | 415.676.7086 sherry@skyboxrealty.com
VI PAVLICEVICH bre 01906246 | 415.828.1114 vi@skyboxrealty.com
Dear Neighbors, Welcome to 2017.
Mission Bay has become one of San Francisco’s fastest growing neighborhoods. With its sunny weather, green parks, and easy access to freeways, Mission Bay has become a popular neighborhood for young professionals, families, retirees, and dog lovers. There has been tremendous growth in Mission Bay in the last five years, and the most recent development was the breaking ground ceremony for the new Golden State Warriors Stadium. More and more people are finding that the beautiful waterfront neighborhood has a lot to offer, but there is just not enough inventory. Although there is a lot of uncertainty in the real estate market, one of the biggest factors affecting San Francisco real estate is the increasing interest rates. With interest rates having already risen 75 basis points in the last 3 months, homebuyers are more motivated and serious to purchase before the next set of rate hikes. It’s an unusually active January, and if you’re considering buying or selling, we can provide a free consultation on how to maximize your return. Sincerely, Sherry & Vi Your #1 Mission Bay Team, and fellow Mission Bay Homeowners
This document has been prepared by Skybox Realty for advertising and general information only. Skybox Realty makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Skybox Realty excludes unequivocally all inferred or implied terms, conditions and warranties warising out of this document and excludes all liability for loss and damages arising there from.
Table of Contents 2016 Annual Report for Mission Bay Condos
FAST FACTS
6-7
235 BERRY
8-9
255 BERRY
10 - 11
ARTERRA
12 - 13
PARK TERRACE
14 - 15
MADRONE
16 - 17
RADIANCE
18 - 19
ARDEN
20 - 21
ONE MISSION BAY
24 - 25
WARRIORS STADIUM
26 -27
T
E NS
ND
R
ST
EE
W
TO
GROWTH OF MISSION BAY
N1
NG
KI
N1
S
T
EE
TR
N2-1
1 MISSION BAY
N2-2
EETT REE ST DD S 3R
DOG PARK
N2-3
2 MISSION BAY
ET
RE
N3 -1
Y RR
BE
ST
CHILDREN’S PARK
K
EE
N
IO
ISS
N3A-1
CR
M
4T
P3
H ET RE SSTT
1
N3 A-2
NORT H
H 5T ST ET RE N4 -1
NP2
P1
NNE AN CH
N4- 2 N4A- 1
N4- 3
L
RE ST
3 BAKAR FITNESS &
RECREATIONAL CENTER UCSF
CHANNEL STREET
NP1 NP
N3A-3
6
4
N3-2
ET 2
4 MARRIOTT HOTEL
13 E
N4A-2
TT
13W N4A- 3
N5
NP3 N
P5
E RE ST
P2
3E P20
TRE SSS N ROCK SSIO MISS MISSIO ROC R OC STREE STRE R T
2
NP4
3W
5
P6
8
4E
4W
BRIDGEVIEW WAY
NG LO
BB
GEE DDG RI
9
12E
5 UBER HEADQUARTERS 9A
HOME OF THE GS WARRIORS
P19
CHINA BASIN CH CHINA I STREETT STREET STREE TREET TRE SIN
NP5 6E
7W
7E
3RD 3RD RD D ST SST ST REET REEET R EETT EET
6W
4TH ST REET
12W
MERRIM AC ST.
11
10
P18 S ON BAY BBAY BA A BLVD BLVD. LLVD D N OR ORT MISSI MISSIO MISS M ISSIO SSIO AY VD NORT NORTH ORTH RTH TH TH
P8 P11A
P10
6 MISSION ROCK PROJECT
10 A
P 11
P 12
P 13
1
P16
P 15
D. SOUTH SOUT MISSI ON BAY BLVD. UT
P17
RETAIL SPACE
26-2
P7
P9
41/43 B
15
16
17AB
17C
26A
26
PIERP OINT LAN E
41/43 7 19A
41/43 3 5
19C 20
18A
18
28
27
41/43 3 6
SOU TH STREET
41/43 4
22
29
23
30
EN OW
5
S ET RE
ST
43 41/43 3 3
D.
43 41/43 3 2
TERRY FRANCOIS BLV
3
A 21
4 45
P21
24
25B 5
25A
41/43 1
31
32
16TH STREET
O OWENS STREET
444
36
33
ILLINO IS STR EET
4TH TH STT REET REET REE EE E EE
39
40
P23 X4 4
38
37
P27
P26
X3
34
P24
P22
STARBUCKS REVEILLE CAFE MARKET HALL SPARKS FOOD TRUCKS AND MORE
7
Mission Bay Fast Facts
118
$1,233,015
$1,076
46
100.61
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
AVG % SALE/LIST
1.7% YOY
1.2% YOY
.67% YOY
59% YOY
3.6% YOY
MISSION BAY
AVERAGE PRICE PER SQUARE FOOT $1200 $1100 $1000 $900 Q1
Q2
Q3
Q4
235 Berry 235 Berry
5
$1,396,800
$1,078
31
101.19
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
AVG % SALE/LIST
38% YOY
9.3% YOY
3.6% YOY
235 BERRY
235 BERRY SOLDS
1
60
ABSORPTION
48% YOY
5.6% YOY
DAYS ON THE MARKET 50
.75
40 30
.5
20 10
.25 Q1
Q2
Q3
ABSORPTION = NUMBER OF UNITS SOLD / TIME
Q4
Q1
Q2 235 BERRY
MISSION BAY
Q3
Q4
SOLD
ACTIVE
ACTIVE CONTINGENT
9
PENDING
604 | $1,100,000 (2BR) $1100/sf 513 | $1,289,000 (2BR) $1044/sf 404 | $1,195,000 (2BR) $1117/sf 315 | $1,300,000 (2BR) $1053/sf
313 | $1,275,000 (2BR) $1032/sf
106 | $2,100,000 (3BR) $----/sf
235 BERRY
AVERAGE PRICE PER SQUARE FOOT $1400 $1300 $1200 $1100 Q1 All Data From SFARMLS
Q2
Q3
Q4
255 Berry 255 Berry
5
$1,916,000
$1093
22
105.39
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
AVG % SALE/LIST
400% YOY
5.4% YOY
32% YOY
255 BERRY
255 BERRY SOLDS
1
60
ABSORPTION
214% YOY
5.6% YOY
DAYS ON THE MARKET 50
.75
40 30
.5
20 10
.25 Q1
Q2
Q3
ABSORPTION = NUMBER OF UNITS SOLD / TIME
Q4
Q1
Q2 255 BERRY
MISSION BAY
Q3
Q4
SOLD
ACTIVE
ACTIVE CONTINGENT
11
PENDING
708 | $3,125,000 (2BR) $1359/sf 604 | $1,399,000 (2BR) $----/sf
610 | $2,200,000 (3BR) $959/sf 506 | $1,315,000 (2BR) $1017/sf 408 | $1,100,000 (1BR) $1053/sf
317 | $1,840,000 (2BR) $1075/sf
255 BERRY
AVERAGE PRICE PER SQUARE FOOT $1250 $1150 $1050 $950 Q1 All Data From SFARMLS
Q2
Q3
Q4
Arterra 300 Berry
18
$1,082,139
$1,180
31
101.60
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
AVG % SALE/LIST
20% YOY
1.1% YOY
11% YOY
ARTERRA
ARTERRA SOLDS
2
60
ABSORPTION
94% YOY
3.3% YOY
DAYS ON THE MARKET 50
1.75
40 30
1.5
20 10
1.25 Q1
Q2
Q3
ABSORPTION = NUMBER OF UNITS SOLD / TIME
Q4
Q1
Q2 ARTERRA
MISSION BAY
Q3
Q4
SOLD
ACTIVE
ACTIVE CONTINGENT
1608 | $881,000 (1BR) $----/sf 1609 | $1,250,000 (2BR) $----/sf 1406 | $870,000 (1BR) $1255/sf 1303 | $899,000 (1BR) $1228/sf
13
PENDING
1604 | $900,000 (1BR) $----/sf 1610 | $1,357,000 (2BR) $1342/sf 1405 | $925,000 (1BR) $----/sf
913 | $942,000 (1BR) $1238/sf 813 | $1,000,000 (1BR) $1314/sf 706 | $848,000 (1BR) $----/sf
909 | $750,000 (1BR) $1256/sf 812 | $1,300,000 (2BR) $1125/sf
522 | $983,000 (1BR) $1135/sf 448 | $1,240,000 (2BR) $1034/sf 306 | $1,325,000 (2BR) $1254/sf 449 | $1,305,000 (2BR) $1019/sf
555 | $1,388,000 (3BR) $1086/sf 401 | $1,200,000 (2BR) $----/sf 305 | $850,000 (1BR) $----/sf 201 | $1,012,500 (2BR) $1104/sf
ARTERRA
AVERAGE PRICE PER SQUARE FOOT $1300 $1200 $1100 $1000 Q1 All Data From SFARMLS
Q2
Q3
Q4
Park Terrace 325 Berry
3
$1,143,333
$1,056
45
103.78
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
AVG % SALE/LIST
57% YOY
4.7% YOY
15% YOY
PARK TERRACE
PARK TERRACE SOLDS
1
60
ABSORPTION
61% YOY
.41% YOY
DAYS ON THE MARKET 50
.75
40 30
.5
20 10
.25 Q1
Q2
Q3
ABSORPTION = NUMBER OF UNITS SOLD / TIME
Q4
Q1
Q2 PARK TERRACE
MISSION BAY
Q3
Q4
SOLD
ACTIVE
ACTIVE CONTINGENT
15
PENDING
302 | $1,500,000 (2BR) $944/sf 326 | $1,000,000 (1BR) $1103/sf
312 | $930,000 (1BR) $1120/sf
PARK TERRACE
AVERAGE PRICE PER SQUARE FOOT $1200 $800 $400 $0 Q1 All Data From SFARMLS
Q2
Q3
Q4
Madrone 420 / 480 Mission Bay Blvd | 435 China Basin
13
$1,418,538
$1,087
50
100.97
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
AVG % SALE/LIST
61% YOY
4.9% YOY
7.3% YOY
MADRONE
MADRONE SOLDS
2
75
ABSORPTION
85% YOY
3% YOY
DAYS ON THE MARKET 65
1.5
55 45
1
35 25
.5 Q1
Q2
Q3
ABSORPTION = NUMBER OF UNITS SOLD / TIME
Q4
Q1
Q2 MADRONE
MISSION BAY
Q3
Q4
SOLD
ACTIVE
ACTIVE CONTINGENT
17
PENDING
1607 | $2,150,000 (2BR) $----/sf
1306 | $1,738,000 (2BR) $1165/sf 1203 | $1,748,000 (2BR) $1119/sf 1006 | $1,749,000 (2BR) $1165/sf 905 | $1,575,000 (2BR) $1382/sf 812 | $1,480,000 (2BR) $----/sf
514 | $1,600,000 (2BR) $----/sf
534 | $1,399,000 (2BR) $1006/sf 440 | $1,060,000 (2BR) $943/sf 303 | $1,175,000 (1BR) $1094/sf 215 | $915,000 (1BR) $1039/sf 110 | $795,000 (1BR) $935/sf
335 | $1,269,000 (2BR) $----/sf 337 | $1,355,000 (2BR) $----/sf 106 | $1,580,000 (2BR) $972/sf
MADRONE
AVERAGE PRICE PER SQUARE FOOT $1400 $1200 $1000 $800 Q1 All Data From SFARMLS
Q2
Q3
Q4
Radiance 330 Mission Bay Blvd | 325 China Basin
1
$918,000
$1,080
21
104.56
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
AVG % SALE/LIST
10% YOY
19% YOY
83% YOY
31% YOY
RADIANCE
RADIANCE SOLDS
.4
60
ABSORPTION
2.4% YOY
DAYS ON THE MARKET 50
.3
40 30
.2
20 10
.1 Q1
Q2
Q3
ABSORPTION = NUMBER OF UNITS SOLD / TIME
Q4
Q1
Q2 RADIANCE
MISSION BAY
Q3
Q4
SOLD
ACTIVE
ACTIVE CONTINGENT
19
PENDING
308 | $918,000 (1BR) $1080/sf
RADIANCE
AVERAGE PRICE PER SQUARE FOOT $1200 $900 $600 $300 Q1 All Data From SFARMLS
Q2
Q3
Q4
Arden 718 / 738 Long Bridge
28
$1,566,429
$1,184
43
99.66
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
AVG % SALE/LIST
----% YOY
----% YOY
----% YOY
----% YOY
----% YOY
ARDEN
ARDEN SOLDS
6
60
ABSORPTION
DAYS ON THE MARKET 50
4.5
40 30
3
20 10
1.5 Q1
Q2
Q3
ABSORPTION = NUMBER OF UNITS SOLD / TIME
Q4
Q1
Q2 ARDEN
MISSION BAY
Q3
Q4
SOLD
ACTIVE
ACTIVE CONTINGENT
21
PENDING
1606 | $2,750,000 (3BR) $1700/sf
1601 | $1,650,000 (2BR) $1337/sf 1504 | $2,100,000 (2BR) $1428/sf 1405 | $1,898,000 (2BR) $1221/sf
1411 | $1,295,000 (2BR) $1270/sf 1306 | $1,738,000 (2BR) $1165/sf 1210 | $1,980,000 (2BR) $1357/sf
1010 | $1,790,000 (2BR) $1233/sf 911 | $1,650,000 (2BR) $1279/sf 802 | $1,775,000 (2BR) $1255/sf 716 | $1,674,000 (2BR) $1175/sf
915 | $1,600,000 (2BR) $1281/sf 814 | $1,410,000 (2BR) $----/sf 715 | $1,550,000 (2BR) $1246/sf 606 | $1,425,000 (2BR) $953/sf 504 | $1,345,000 (2BR) $1336/sf 316 | $1,490,000 (2BR) $1082/sf 324 | $1,262,000 (2BR) $1012/sf 210 | $1,488,000 (2BR) $1083/sf 109 | $1,339,000 (2BR) $1055/sf
806 | $1,650,000 (2BR) $1242/sf
516 | $1,100,000 (1BR) $1249/sf 407 | $1,809,000 (2BR) $1121/sf 303 | $1,250,000 (2BR) $977/sf 219 | $1,150,000 (1BR) $919/sf 110 | $1,158,000 (1BR) $1036/sf
311 | $1,788,000 (2BR) $----/sf 318 | $1,490,000 (2BR) $1082/sf 213 | $1,499,000 (2BR) $1091/sf 107 | $1,475,000 (2BR) $1042/sf
ARDEN
AVERAGE PRICE PER SQUARE FOOT $1300 $1200 $1100 $1000 Q1 All Data From SFARMLS
Q2
Q3
Q4
23
New Developments MISSION BAY
One Mission Bay 110 Channel | 1000 3rd
350
147+
$725K+
$1.26M+
$1.718M+
# UNITS
# IN CONTRACT
1BR LIST PRICE
2BR LIST PRICE
3BR LIST PRICE
SOLD
ACTIVE
ACTIVE CONTINGENT
25
PENDING
1607 | $2,600,000 (3BR) $1586/sf
1007 | $2,098,000 (3BR) $1290/sf 908 | $949,000 (1BR) $1143/sf 811 | $2,100,000 (3BR) $1440/sf 714 | $1,490,000 (2BR) $1244/sf 505 | $1,700,000 (2BR) $1113/sf 503 | $1,628,000 (3BR) $1280/sf 412 | $894,000 (1BR) $1166/sf 312 | $705,000 (0BR) $1381/sf 214 | $845,000 (0BR) $1112/sf
619 | $1,448,000 (2BR) $1237/sf 522 | $1,325,000 (2BR) $1115/sf 416 | $705,899 (0BR) $1390/sf 314 | $907,000 (1BR) $1258/sf 218 | $582,000 (0BR) $1171/sf
New Condos in Mission Bay Selling Now! Call for Prices & Floor Plans 415.676.7086 or 415.828.1114
All Data From SFARMLS
27
The Warriors Stadium The Chase Center
The Warriors Stadium aka the Chase Center will be a world-class sports and entertainment destination hosting its championship team. This beautiful building will have 24,000 sf of open public plaza facing the waterfront, several restaurants including wine bars, an oyster bar and restaurants featuring the farm to table concept. It will also include first-to-market experiential retail and fitness amenities. The center is expected to host 200+ events per year and is set to become a space for community gathering and hub for sports and cultural events. More details to come in our next report!
All Data From SFARMLS
SHERRY JUNEJA TOP PRODUCER
bre 01916952 | 415.676.7086 sherry@skyboxrealty.com
VI PAVLICEVICH TOP PRODUCER
bre 01906246 | 415.828.1114 vi@skyboxrealty.com