2017 MISSION BAY REPORT VI PAVLICEVICH #1 IN MISSION BAY
M I SS I O N B AY
AVE RAG E PRICE PE R SQUARE FOOT
$1150
$1050
$950
$850
2014
2015
2016
2017
dear neighbors: Welcome to 2018. The real estate market in Mission Bay was unpredictable last year. 2017 started off slowwly with an apparent decline in home prices, however, prices slowly climbed when summer approached. Mission Bay home prices have been on a steady incline since. The graph to the left shows the rolling 12 month average $/SqFt sold in Mission Bay over the last four years. The oversupply at One Mission Bay negatively impacted the resale market in our neighborhood in the first half of 2017, but the market has recovered with only 25% of the building available for sale at One Mission Bay. Fortunately, the recorded sales prices at One Mission Bay are at a high $/SqFt, and this will positively impact the resale market in 2018. Properties throughout Mission Bay will catch up to the premium prices at One Mission Bay. This happened in South Beach with Lumina; the high $/SqFt sold at Lumina helped increase prices at Infinity. 2018 is at a great start so far. If you’re thinking of making a move, call me today. As the #1 Ranked Realtor in Mission Bay, I’ve helped many Sellers get above market value for their homes. I can do the same for you! Your Neighbor, Vi Pavlicevich 415.828.1114 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 arising out of this document and excludes all liability for loss and damages arising there from.
3
table of contents: M IS SION B A Y 2 0 1 7 M A R KE T S N APS HOT
6-7
2 3 5 BER R Y
8-9
2 5 5 BER R Y
10 - 11
A RTERR A
12 - 13
P A RK TE R R A C E
14 - 15
M A DRO NE
16 - 17
Skybox Realty
4
RA DIA N C E
18 - 19
A RDEN
20 - 21
ON E M I S S I O N B A Y
22 - 23
All Data From SFARMLS
5
MISSION BAY 2017 MARKET SNAPSHOT
$1,041
AVE R A G E $ /S F Down 4.2% Year Over Year
$1,166,113
AVE R A G E SAL E S P R I C E Down 6.9% Year Over Year
46
AVE R A G E DA Y S O N M A R K E T No Change Year Over Year
2012 / $743
Down 3.4% Year Over Year
2 0 1 3 / $ 846
117
N UM BER OF T R A NS A C T I O NS
2 0 16 / $ 1, 0 87
20 1 5 / $1, 0 89
2 0 14 / $ 9 33
A V ERA G E PRI C E / S Q U A RE F O O T 2011 - 2017
All Data From SFARMLS
235 BERRY /
# TRAN S AC T I ONS Up 3 3 % Ye a r O ve r Ye ar
A VG D O M Up 6 8 % Ye a r O ve r Ye ar
A V G $/ S F Up 2 % Ye a r O ve r Ye ar
A VG S AL E S P RICE Up 3 .1% Ye a r O ve r Ye ar
235 BERRY
8
2 3 5 BERRY SALES BY $/ S F 2017
$1400
52
$1200
$1,100
$1000
$1,440,250
$800
TWO BE DROOMS
Skybox Realty
$1600
8
A B SO R PT I O N
ABSORPTION = NUMBE R OF UNITS SOL D / TIME
1
.75
.5
.25 Q1
Q2
Q3
705 | $1,403,000 (2BR) $1155/sf 612 | $1,749,000 (2BR) $1100/sf
Q4
704 | $1,260,000 (2BR) $1251/sf
417 | $1,149,000 (2BR) $1074/sf
507 | $1,250,000 (2BR) $1012/sf 415 | $1,250,000 (2BR) $1012/sf 313 | $1,280,000 (2BR) $1036/sf
101 | $1,595,000 (2BR) $938/sf
115 | $1,750,000 (3BR) $1029/sf
410 | $1,550,000 (2BR) $1179/sf
All Data From SFARMLS
SOLD
ACTIVE
I N C O N T RA C T
255 BERRY /
# TRAN S AC T I ONS Up 1 2 0% Ye a r O ve r Y e ar
255 BERRY
11
2 5 5 BERRY SALES BY $/ S F 2017 $1400
A VG D O M Up 1 8 % Ye a r O ve r Ye ar
A V G $/ S F Dow n 1.2% Yea r O ve r Y e ar
A VG S AL E S P RICE D own 33% Ye a r O ve r Y e ar
33
$1200
$1,080
$1000
$1,286,190
$800
ONE
Skybox Realty
10
TWO BE DROOM
A B SO R PT I O N
ABSORPTION = NUMBE R OF UNITS SOL D / TIME
2
1.5
1
.5 Q1
Q2
Q3
508 | $1,050,000 (1BR) $1005/sf 511 | $1,225,000 (2BR) $1091/sf 406 | $1,345,000 (2BR) $1040/sf
604 | $1,350,000 (2BR) $1350/sf 516 | $1,475,000 (2BR) $1206/sf 402 | $1,163,088 (2BR) $1147/sf 323 | $1,450,000 (2BR) $1037/sf 304 | $870,000 (1BR) $997/sf 102 | $1,245,000 (2BR) $1064/sf
All Data From SFARMLS
Q4
111 | $1,525,000 (2BR) $1203/sf 113 | $1,450,000 (2BR) $1160/sf
SOLD
ACTIVE
I N C O N T RA C T
ARTERRA /
# TRAN S AC T I ONS D own 32% Ye a r O ve r Y e ar
300 B ERRY
14
ARTERRA SALES BY $/ S F 2017 $1600
A VG D O M D own 32% Yea r O ve r Y e ar
A V G $/ S F Up 8 .3% Ye a r O ve r Ye ar
A VG S AL E S P RICE D own 11% Ye a r O ve r Y e ar
21
$1400
$1200
$1,278
$1000
$960,351
$800
O N E B ED RO OM
Skybox Realty
12
TWO BE DROOM
A B SO R PT I O N
ABSORPTION = NUMBE R OF UNITS SOL D / TIME
2
1.5
1
.5 Q1
Q2
Q3
Q4
1606 | $990,000 (1BR) $1379/sf 1413 | $1,235,000 (2BR) $1276/sf 1303 | $875,000 (1BR) $1195/sf 1210 | $1,225,000 (2BR) $1276/sf
1409 | $870,000 (1BR) $1457/sf
919 | $935,920 (1BR) $1282/sf
909 | $889,000 (1BR) $1489/sf
706 | $845,000 (1BR) $----/sf 601 | $1,390,000 (2BR) $1191/sf
719 | $925,000 (1BR) $1267/sf 621 | $885,000 (1BR) $1212/sf 620| $795,000 (1BR) $1214/sf
414 | $830,000 (1BR) $----/sf 307 | $755,000 (1BR) $1278/sf
All Data From SFARMLS
SOLD
ACTIVE
I N C O N T RA C T
PARK TERRACE /
# TRAN S AC T I ONS Up 3 3 3% Ye a r O ve r Y e ar
A VG D O M D own 8.9% Ye a r O ve r Y e ar
A V G $/ S F Up 5 .7% Ye a r O ve r Ye ar
A VG S AL E S P RICE Up 2 0 % Yea r O ve r Ye ar
3 2 5 BERRY
13
PARK TERRACE SALE S B Y $/ S F 2017
$1400
41
$1200
$1,116
$1000
$1,377,269
$800
O N E B ED RO O M
Skybox Realty
$1600
14
TWO BE DROOM
A B SO R PT I O N
ABSORPTION = NUMBE R OF UNITS SOL D / TIME
2
1.5
1
.5 Q1
Q2
Q3
712 | $899,000 (1BR) $1079/sf
717 | $960,000 (1BR) $1296/sf 602 | $1,318,000 (1BR) $1180/sf 527 | $1,740,000 (2BR) $1229/sf 425 | $1,350,000 (2BR) $1049/sf 306 | $905,000 (1BR) $1026/sf 315 | $920,000 (1BR) $1085/sf 112 | $1,749,000 (2BR) $1006/sf
All Data From SFARMLS
Q4
526 | $2,050,000 (2BR) $1354/sf 516 | $1,355,000 (2BR) $993/sf 416 | $1,295,000 (2BR) $949/sf 426 | $2,500,000 (2BR) $1220/sf 403 | $999,000 (1BR) $1088/sf 110 | $1,600,000 (3BR) $963/sf
SOLD
ACTIVE
I N C O N T RA C T
MADRONE /
# TRAN S AC T I ONS Up 5 4 % Ye a r O ve r Ye ar
420/48 0 MISSION BAY BLVD, 4 3 5 CHINA BASI N
20
MADRONE SALES BY $/ S F 2017 $1400
A VG D O M D own 2% Yea r O ve r Y e ar
A V G $/ S F Up 1 .2% Ye a r O ve r Ye ar
A VG S AL E S P RICE D own 6.6% Yea r O ve r Y e ar
49
$1200
$1000
$1,100
$800
$1,325,224
$600
ONE
Skybox Realty
16
TWO BE DROOM
A B SO R PT I O N
ABSORPTION = NUMBE R OF UNITS SOL D / TIME
2
1.5
1
.5 Q1
Q2
Q3
Q4
1203 | $1,835,000 (2BR) $1175/sf
807 | $1,475,000 (2BR) $1169/sf 705 | $1,338,000 (2BR) $1173/sf 527 | $1,280,000 (2BR) $----/sf 540 | $1,200,000 (2BR) $1068/sf 411 | $1,520,000 (2BR) $1099/sf 333 | $1,073,000 (2BR) $955/sf 219 | $1,400,885 (2BR) $1000/sf
All Data From SFARMLS
604 | $1,040,000 (1BR) $1103/sf 620 | $1,105,000 (1BR) $978/sf 636 | $1,440,000 (2BR) $1373/sf 623 | $1,285,000 (2BR) $1177/sf 542 | $1,260,000 (2BR) $1071/sf 443 | $1,345,000 (2BR) $1085/sf 315 | $1,400,000 (2BR) $1009/sf
709 | $1,428,000 (2BR) $1132/sf 534 | $1,375,000 (2BR) $988/sf 538 | $975,000 (1BR) $1110/sf 445 | $1,750,000 (2BR) $1185/sf 306 | $980,000 (1BR) $1057/sf
SOLD
ACTIVE
I N C O N T RA C T
RADIANCE /
# TRAN S AC T I ONS Up 5 0 0% Ye a r O ve r Y e ar
330 MISSION BAY BLVD, 3 2 5 CHINA BASIN
6
RADIANCE SALES BY $/ S F 2017 $1250
A VG D O M Up 1 0 5% Ye a r O ve r Ye ar
A V G $/ S F Up 2 .6% Ye a r O ve r Ye ar
A VG S AL E S P RICE Up 3 7 % Yea r O ve r Ye ar
43
$1150
$1,109
$1050
$1,261,167
$950
ONE
Skybox Realty
18
TWO BE DROOM
A B SO R PT I O N
ABSORPTION = NUMBE R OF UNITS SOL D / TIME
1.6
1.2
.8
.4 Q1
Q2
Q3
Q4
901 | $1,170,000 (1BR) $1163/sf 805 | $895,000 (1BR) $998/sf
410 | $1,495,000 (2BR) $1074/sf 416 | $1,695,000 (2BR) $941/sf 306 | $885,000 (1BR) $1045/sf 205 | $1,360,000 (2BR) $1036/sf
405 | $1,150,000 (2BR) $1099/sf 314 | $1,700,000 (2BR) $1204/sf 312 | $1,302,000 (2BR) $1107/sf
All Data From SFARMLS
SOLD
ACTIVE
I N C O N T RA C T
ARDEN /
# TRAN S AC T I ONS D own 68% Ye a r O ve r Y e ar
718/738 L O NG BRIDGE
10
ARDEN SALES BY $ /S F 2017 $1400
A VG D O M D won 50% Yea r O ve r Y e ar
A V G $/ S F Dow n 2% Ye a r O ve r Y e ar
A VG S AL E S P RICE Up 2 .2% Ye a r O ve r Ye ar
21
$1200
$1000
$1,154
$800
$1,596,883
$600
ONE
Skybox Realty
20
T WO BE DROOM
A B SO R PT I O N
ABSORPTION = NUMBE R OF UNITS SOL D / TIME
2
1.5
1
.5 Q1
Q2
Q3
Q4
1504 | $2,250000 (2BR) $----/sf 1400 | $1,635,000 (2BR) $----/sf
1408 | $1,680,000 (2BR) $1307/sf
910 | $1,775,000 (2BR) $1248/sf 705 | $1,799,000 (2BR) $1139/sf 612 | $1,650,000 (2BR) $1151/sf 406 | $1,515,000 (2BR) $1054/sf 303 | $1,485,000 (2BR) $1151/sf 204 | $1,328,826 (2BR) $1015/sf
All Data From SFARMLS.
321 | $1,350,000 (2BR) $1109/sf
SOLD
ACTIVE
I N C O N T RA C T
ONE MISSION BAY /
# SOLD NE W CO NST RUCTIO N
# R E M AI N I N G NE W CO NSTR UCTIO N
A V G AB S O R P T IO N NEW CO NST RUCTIO N
1 1 1 0 CHANNEL, 1 0 0 0 3 RD
264+ 86 14.4
ABSORPTION
A B S ORPTION = NUMBE R OF UNITS SOL D / TIME
19
16
13
10 Q1
Skybox Realty
22
Q2
Q3
Q4
1607 | $2,600,000 (3BR) $1586/sf 1505 | $1,640,000 (2BR) $1346/sf
1503 | $1,960,000 (2BR) $1744/sf
1107 | $2,125,000 (3BR) $1297/sf 1001 | $3,475,000 (3BR) $1759/sf 914 | $1,530,000 (2BR) $1277/sf 811 | $2,100,000 (3BR) $1440/sf 701 | $1,540,000 (2BR) $1181/sf 611 | $1,925,000 (3BR) $1320/sf 520 | $995,000 (1BR) $1238/sf 420 | $1,560,000 (2BR) $1417/sf
1102 | $3,575,000 (3BR) $1957/sf 921 | $1,600,000 (2BR) $1364/sf 631 | $805,000 (0BR) $1626/sf 618 | $1,000,000 (1BR) $1304/sf 517 | $920,000 (0BR) $1175/sf 412 | $894,000 (1BR) $1166/sf
All Data From SFARMLS.
SOLD
ACTIVE
I N C O N T RA C T
VI PAVLICEVICH R A N K E D # 1 I N M I S S I O N B AY
bre 01906246 | 415.828.1114 vi@skyboxrealty.com