SOUTH BEACH & YERBA BUENA 2017 Q1 REPORT PAUL HWANG | RANKED #1 IN SOUTH BEACH 415.216.8746 | PAUL@SKYBOXREALTY.COM
DEAR NEIGHBORS, 2017 Q1
It was an exciting 1st Quarter of 2017 with 61 units sold in South Beach & Yerba Buena. New construction sales picked up the pace after a sluggish 4th Quarter of 2016. More bad news for beleaguered Millennium Tower has resulted in sales grinding to a sudden halt. Construction for Woodland Market in the Lumina commercial space has begun. It has finally stopped raining, the Warriors are entering the playoffs as the 1st seed, and the Giants have a new season complete with a new closer. It’s a great time to sell your unit, please call me for your free personalized market analysis. Best Regards, Paul Hwang | Principal Broker Ranked #1 in South Beach 415.216.8746
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.
TABLE OF CONTENTS SOUTH BEACH & YERBA BUENA
FAST FACTS
8-9
THE INFINITY
10 - 13
THE METROPOLITAN
14 - 17
ONE RINCON HILL
18 - 21
MILLENNIUM
22 - 23
ONE HAWTHORNE
24 - 27
WATERMARK
28 - 31
SOLD UNITS
32 - 33
LUMINA
34 - 35
THE HARRISON
36 - 37
72 TOWNSEND
38 - 39
181 FREMONT
40 - 41
OPENINGS
42 - 43
SOUTH BEACH FAST FACTS
37
$1,151,730
$1119
53
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
12% YOY
43% YOY
21% YOY
6.1% YOY
SOUTH BEACH
PRICE PER SQUARE FOOT DISTRIBUTION
$477/SF
$699/SF
$921/SF
$1143/SF
$1365/SF
$1587/SF
$1809/SF
STANDARD DEVIATION = $221.88
All Data From
YERBA BUENA FAST FACTS
24
$1,217,741
$1161
40
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
1.4% YOY
39% YOY
71% YOY
5.4% YOY
YERBA BUENA
PRICE PER SQUARE FOOT DISTRIBUTION
$0/SF
$324/SF
$745/SF
STANDARD DEVIATION = $420.40
m SFARMLS
$1165/SF
$1585/SF
$2006/SF
$2426/SF
THE INFINITY |
301 / 333 MAIN | 318 / 338 SPEAR
D31A | $2,390,000 (2BR) $1876/sf
D15H | $1,495,000 (2BR) $1130/sf
D10G | $899,000 (1BR) $1118/sf D9H | $850,000 (1BR) $1155/sf
A8D | $825,000 (0BR) $1533/sf A6C | $950,000 (1BR) $1139/sf
All Data From
m SFARMLS
SOLD
ACTIVE
CONTINGENT
PENDING
B37B | $12,500,000 (3BR) $3696/sf
B27H | $1,850,000 (2BR) $1405/sf
B22H | $1,629,000 (2BR) $1237/sf
B18E | $1,680,000 (2BR) $1424/sf
B9G | $935,000 (1BR) $1169/sf
B5C | $1,749,900 (2BR) $999/sf
11
THE INFINITY |
301 / 333 MAIN | 318 / 338 SPEAR
4
$1,282,500
$1,215
# SOLD
AVG SALE PRICE
AVG $/SF
33% YOY
11% YOY
24% YOY
----% QOQ
.57% QOQ
.66% QOQ
THE INFINITY
AVG PRICE PER SQUARE FOOT $1600 $1400 $1200 2016 Q2
2016 Q3
2016 Q4
2017 Q1
THE INFINITY ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
$87/SF
$531/SF
$975/SF
$141
STANDARD DEVIATION = $444.58
All Data From
13
34
$1,215,000
100.98
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
386% YOY
20% YOY
3.2% YOY
26% QOQ
4.1% QOQ
4.9% QOQ
THE INFINITY
Q1 2017 BUYER DEMOGRAPHIC
19/SF
m SFARMLS
CASH BUYER LOAN BUYER UNKNOWN
$1863/SF
$2307/SF
$2751/SF
THE METROPOLITAN | 333 / 355 1ST STREET
N1605 | $875,000 (1BR) $1234/sf
N605 | $799,000 (1BR) $1127/sf
N102 | $740,000 (1BR) $----/sf
All Data From
m SFARMLS
SOLD
ACTIVE
CONTINGENT
PENDING
S2103 | $875,000 (1BR) $1266/sf
S1002 | $1,200,000 (2BR) $----/sf
S403 | $730,000 (1BR) $----/sf
15
THE METROPOLITAN |
333 / 355 1ST STREET
3
$1,392,500
$1,250
# SOLD
AVG SALE PRICE
AVG $/SF
50% YOY
39% YOY
3.9% YOY
66% QOQ
70% QOQ
24% QOQ
THE METROPOLITAN
AVG PRICE PER SQUARE FOOT $1250 $1150 $1050 2016 Q2
2016 Q3
2016 Q4
2017 Q1
THE METROPOLITAN ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
BELL CURVE GRAPH $955/SF
$1036/SF
$1116/SF
$119
STANDARD DEVIATION = $80.59
All Data From
17
64
$830,000
98.65
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
56% YOY
12% YOY
2% YOY
19% QOQ
1.1% QOQ
.12% QOQ
THE METROPOLITAN
Q1 2017 BUYER DEMOGRAPHIC
CASH BUYER LOAN BUYER UNKNOWN
WILL GO HERE>
97/SF
m SFARMLS
$1278/SF
$1358/SF
$1439/SF
ONE RINCON HILL | 425 1ST | 489 HARRISON
5401 | $2,050,000 (2BR) $1967
All Data From
7/sf
m SFARMLS
SOLD
ACTIVE
CONTINGENT
6002 | $2,795,000 (3BR) $1832/sf 5803 | $2,995,000 (3BR) $1786/sf 5404 | $2,098,000 (2BR) $1664/sf 5302 | $3,250,000 (3BR) $1649/sf
3904 | $810,000 (1BR) $1338/sf
3002 | $2,849,000 (3BR) $1445/sf 2902 | $2,985,000 (3BR) $1514/sf
2504 | $799,000 (1BR) $1321/sf 2205 | $895,000 (1BR) $1261/sf
1607 | $1,095,000 (1BR) $1337/sf
902 | $1,370,000 (2BR) $1047/sf
PENDING
19
ONE RINCON HILL | 425 1ST | 489 HARRISON 4
$1,352,500
$1,403
# SOLD
AVG SALE PRICE
AVG $/SF
----% YOY
38% YOY
17% YOY
33% QOQ
12% QOQ
.43% QOQ
ONE RINCON HILL
AVG PRICE PER SQUARE FOOT $1600 $1500 $1400 2016 Q2
2016 Q3
2016 Q4
2017 Q1
ONE RINCON HILL ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
$600/SF
$891/SF
$1182/SF
$147
STANDARD DEVIATION = $290.91
All Data From
21
51
$1,232,500
98.24
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
34% YOY
38% YOY
2% YOY
20% QOQ
4.6% QOQ
1.8% QOQ
ONE RINCON HILL
Q1 2017 BUYER DEMOGRAPHIC
73/SF
m SFARMLS
CASH BUYER LOAN BUYER UNKNOWN
$1764/SF
$2055/SF
$2346/SF
MILLENNIUM TOWER |
301 MISSION
PHA | $8,995,000 (2BR) $3324/sf
401 | $5,995,000 (4BR) $1572/sf
All Data From
SOLD
ACTIVE
33E | $2,500,000 (2BR) $1459/sf
24D | $999,000 (1BR) $1266/sf
4E | $1,299,000 (2BR) $1143/sf
m SFARMLS
CONTINGENT
PENDING
23
ONE HAWTHORNE |
1 HAWTHORNE LANE
10E | $1,650,000 (2BR) $1324/s
6D | $880,000 (1BR) $1033/sf
All Data From
sf
m SFARMLS
SOLD
ACTIVE
CONTINGENT
PENDING
24A | $2,495,000 (2BR) $1578/sf
21F | $2,100,000 (2BR) $1516/sf
12A | $950,000 (1BR) $1045/sf 10F | $1,760,000 (2BR) $1273/sf
6C | $890,000 (1BR) $1046/sf
25
ONE HAWTHORNE |
1 HAWTHORNE LANE
3
$1,200,000
$1,121
# SOLD
AVG SALE PRICE
AVG $/SF
200% YOY
27% YOY
12% YOY
150% QOQ
62% QOQ
29% QOQ
ONE HAWTHORNE
AVG PRICE PER SQUARE FOOT $1500 $1300 $1100 2016 Q2
2016 Q3
2016 Q4
2017 Q1
ONE HAWTHORNE ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
$553/SF
$786/SF
$1020/SF
$125
STANDARD DEVIATION = $233.50
All Data From
27
49
$950,000
97.48
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
58% YOY
27% YOY
4.1% YOY
77% QOQ
70% QOQ
5.5% QOQ
ONE HAWTHORNE
Q1 2017 BUYER DEMOGRAPHIC
53/SF
m SFARMLS
CASH BUYER LOAN BUYER UNKNOWN
$1487/SF
$1720/SF
$1954/SF
WATERMARK |
501 BEALE
All Data From
m SFARMLS
SOLD
ACTIVE
CONTINGENT
15B | $1,525,000 (2BR) $----/sf 12D | $1,995,000 (2BR) $1585/sf
4A | $1,225,000 (2BR) $1056/sf
PENDING
29
WATERMARK |
501 BEALE
2
$1,375,000
$1,056
# SOLD
AVG SALE PRICE
AVG $/SF
50% YOY
57% YOY
8.4% YOY
100% QOQ
100% QOQ
100% QOQ
WATERMARK
AVG PRICE PER SQUARE FOOT $1250 $1150 $1050 2016 Q2
2016 Q3
2016 Q4
2017 Q1
WATERMARK ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
BELL CURVE GRAPH
$385/SF
$653/SF
$920/SF
$118
STANDARD DEVIATION = $267.73
All Data From
31
99
$1,375,000
100.95
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
241% YOY
57% YOY
8.5% YOY
100% QOQ
100% QOQ
100% QOQ
WATERMARK
Q1 2017 BUYER DEMOGRAPHIC
CASH BUYER LOAN BUYER UNKNOWN
WILL GO HERE>
88/SF
m SFARMLS
$1456/SF
$1724/SF
$1992/SF
SOLD UNITS Q1 2017 Address
BR
BA
Status
Status Date
338 Spear 9H
1
1
Sold
3.30.17
1 Hawthorne 6C
1
1
Sold
1.27.17
1 Hawthorne 12A
1
1
Sold
1.18.17
1 Hawthorne 10F
2
2
Sold
2.10.17
333 1st 102
1
1
Sold
1.11.17
355 1st 2103
1
1
Sold
2.6.17
333 1st 1605
1
1
Sold
1.4.17
425 1st 2205
1
1
Sold
3.6.17
301 Main 9G
1
1
Sold
1.30.17
425 1st 1607
1
1
Sold
3.27.17
501 Beale 4A
2
2
Sold
2.7.17
425 1st 902
2
2
Sold
1.6.17
338 Spear 15H
2
2
Sold
3.28.17
501 Beale 15B
2
2
Sold
3.14.17
301 Main 27H
2
2
Sold
3.9.17
425 1st 5401
2
2
Sold
3.3.17
* Only showing sold units in buildings featured in this book. Does not include new construction.
All Data From
33 DOM
SF
List Price
Sold Price
$/SF
29
736
$850,000
$850,000
$1155
22
851
$899,000
$890,000
$1046
97
909
$1,049,000
$950,000
$1045
29
1383
$1,795,000
$1,760,000
$1273
85
685
$798,000
$740,000
$1080
0
691
$877,000
$875,000
$1266
42
709
$899,000
$875,000
$1234
45
710
$899,000
$895,000
$1261
19
800
$940,000
$935,000
$1169
37
819
$1,115,000
$1,095,000
$1337
95
1160
$1,399,000
$1,225,000
$1056
91
1309
$1,498,000
$1,370,000
$1047
43
1323
$1,495,000
$1,495,000
$1130
102
1019
$1,528,500
$1,525,000
$1497
43
1317
$1,995,000
$1,850,000
$1405
29
1042
$2,098,000
$2,050,000
$1967
m SFARMLS
LUMINA |
318 / 338 MAIN | 333 BEALE | 201 FOLSOM
490+
166
17
# SOLD
# REMAINING
AVG ABSORPTION
D36A | $8,895,000 (3BR) ** D35A | $3,499,000 (2BR)
** D23C | $2,999,000 (2BR) D20H | $1,399,000 (1BR)
** D16G | $1,675,000 (2BR)
C6F | $998,000 (1BR)
** C3F | $989,000 (1BR)
C3G | $1,950,000 (2BR)
Only showing listings marketed on SFA
SOLD
ACTIVE
FARMLS. Listings with ** indicates resales.
CONTINGENT
PENDING
B31C | $2,350,000 (2BR)
B18D | $1,235,000 (1BR)
B19D | $1,260,000 (1BR) B18H | $1,170,000 (1BR)
B15D | $1,200,000 (1BR)
B8C | $1,565,000 (2BR) B7F | $1,365,000 (2BR)
B4D | $1,060,000 (1BR) A3I | $1,279,000 (1BR)
B9F | $1,420,000 (2BR) B8B | $1,485,000 (2BR) B7G | $1,645,000 (2BR) B5C | $1,530,000 (2BR) B4C | $1,515,000 (2BR)
B1A | $1,085,000 (1BR)
35
THE HARRISON |
401 HARRISON
65+
233
6.4
# SOLD
# REMAINING
AVG ABSORPTION
28C | $2,332,000 (2BR) $1748/sf
9C | $1,495,000 (2BR) $1163/sf 7D | $795,000 (1BR) $1301/sf 7F | $1,350,000 (2BR) $1068/sf 5E | $845,000 (1BR) $1195/sf
Only showing listings m
SOLD
marketed on SFARMLS
ACTIVE
CONTINGENT
43D | $3,075,000 (2BR) $2456/sf 41D | $4,500,000 (2BR) $2309/sf
36F | $1,505,000 (1BR) $1813/sf
28G | $1,145,000 (1BR) $1511/sf
20B | $1,700,000 (2BR) $1297/sf
14G | $1,195,000 (1BR) $1459/sf
9H | 930,000 (1BR) $1225/sf 7A | 1,211,528 (2BR) $863/sf 6F | 1,250,000 (2BR) $1008/sf
PENDING
37
72 TOWNSEND |
72 TOWNSEND
59+
15
2.5
# SOLD
# REMAINING
AVG ABSORPTION
708 | $1,195,000 (1BR) $1189/sf 610 | $1,469,000 (2BR) $1205/sf
403 | $998,000 (1BR) $1271/sf
Only showing listings m
SOLD
marketed on SFARMLS
ACTIVE
CONTINGENT
PENDING
711 | $1,495,000 (2BR) $1352/sf 601 | $979,000 (1BR) $1242/sf
608 | $1,095,000 (1BR) $1090/sf
39
181 FREMONT | 181 FREMONT 14+
53
1.5
# SOLD
# REMAINING
AVG ABSORPTION
Only showing listings m
SOLD
marketed on SFARMLS
ACTIVE
CONTINGENT
PENDING
68A | $14,500,000 (2BR) $4305/sf 66A | $8,500,000 (3BR) $3536/sf
63B | $6,910,000 (3BR) $3122/sf
60C | $3,245,000 (2BR) $2571/sf
41
RECENT & UPCOMING OPENINGS TEQUILA MOCKINGBIRD 86 2ND STREET
The latest cocktail joint from Dennis Leary is now open to customers in SoMa. The menu features 14 “legit” cocktails and 14 beers on draft. Check it out on your next midweek Happy Hour venture.
JOE & THE JUICE
301 HOWARD STREET For the health-minded, head to SF’s second outpost of Joe & the Juice for breakfast, lunch, coffee, juices, and more.
EL CAPITAN TAQUERIA 1123 FOLSOM STREET
Need a fast casual Mexican kick? Head to El Capitan for tacos, shrimp platters, enchiladas, super burritos and more.
All Data From
43
ANTON’S PIZZA & DELI 1196 FOLSOM STREET
For a quick slice or sandwich, neighborhood workers and residents can now enjoy good eats from the window of Anton’s Pizza & Deli.
COLETTA GELATO
685 HARRISON STREET Charming ice cream shop serving up seasonal sorbets & gelatos using traditional Italian techniques with a dash of California flavor.
m SFARMLS
PAUL HWANG RANKED #1 IN SOUTH BEACH 415.216.8746 | PAUL@SKYBOXREALTY.COM
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