Mission Bay 2017 Q1 Report

MISSION BAY 2017 Q1 REPORT VI PAVLICEVICH & SHERRY JUNEJA

MISSION BAY

MEDIAN PRICE PER SQUARE FOOT $1200 $1100 $1000 $900 2014

2015

VI PAVLICEVICH bre 01906246 | 415.828.1114 vi@skyboxrealty.com

2016

SHERRY JUNEJA bre 01916952 | 415.676.7086 sherry@skyboxrealty.com

2017

3

DEAR NEIGHBORS, 2017 Q1

We are at the end of Q1 and there is a lot of volatility in the San Francisco condo market. January was unusually active, due to various factors including the unpredictability of the Trump administration, news of three potential rate hikes in 2017, and the hype surrounding the Warriors breaking ground in our neighborhood.

The graph to the left shows the rolling 6 month average $/SF sold in Mission Bay. There was a slight uptick with the sales of multiple 1 bedroom view units, however, there is a consistent gradual decline over the past 12 months. We believe this is the first year of a multi-year correction in our real estate market.

There is more equilibrium between buyers and sellers, and we advise sellers to reexamine their time horizons for holding property.

If within 12 months, we believe now is the time for sellers to maximize their return on their investment.

Please reach out with questions about the Mission Bay market.

Your Neighbors, Vi & Sherry 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.

TABLE OF CONTENTS MISSION BAY 2017 Q1 REPORT

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

MISSION BAY FAST FACTS

21

$1,081,230

$1,021

80

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

38% YOY

20% YOY

9.2% YOY

95% YOY

13% QOQ

4.3% QOQ

5% QOQ

74% QOQ

The average $/ft sold year over year decreased by 2.5%. This is a slight decline, but what’s more telling of a cooling market is the average Days On Market.

All across Mission Bay, it now takes an average of 80 days for a property to sell compared to an average of 41 days last year.

235 BERRY | 235 BERRY 1

$1,280,000

$1036

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

612 | $1,749,000 (2BR) $1100/sf

All Data From

m SFARMLS

9

54

$1,280,000

100.39

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

704 | $1,195,000 (2BR) $1187/sf

313 | $1,280,000 (2BR) $1036/sf

255 BERRY | 255 BERRY 1

$1,350,000

$1,350

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

604 | $1,350,000 (2BR) $1350/sf 516 | $1,475,000 (2BR) $1206/sf 304 | $879,000 (1BR) $1007/sf 102 | $1,200,000 (2BR) $1026/sf

All Data From

m SFARMLS

11

145

$1,350,000

96.50

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

508 | $1,100,000 (1BR) $940/sf

ARTERRA |

300 BERRY

3

$868,333

$1,204

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

1303 | $875,000 (1BR) $1195/sf 1210 | $1,195,000 (2BR) $1245/sf

706 | $845,000 (1BR) $----/sf 621 | $885,000 (1BR) $1212/sf

All Data From

m SFARMLS

13

18

$875,000

99.35

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

PARK TERRACE | 325 BERRY 2

$940,000

$1,190

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

306 | $899,000 (1BR) $1019/sf

All Data From

m SFARMLS

15

8

$940,000

105.74

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

717 | $960,000 (1BR) $1296/sf 516 | $1,365,000 (2BR) $1001/sf 315 | $920,000 (1BR) $1085/sf

MADRONE | 420 / 480 MISSION BAY BLVD | 435 CHINA BAS 2

$1,605,000

$1,082

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

1203 | $1,835,000 (2BR) $1175/sf

717 | $1,095,000 (1BR) $930/sf 534 | $1,375,000 (2BR) $988/sf

All Data From

17

SIN

m SFARMLS

115

$1,605,000

102.00

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

709 | $1,428,000 (2BR) $1132/sf

RADIANCE | 330 MISSION BAY BLVD | 325 CHINA BASIN 1

$1,150,000

$1,099

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

All Data From

m SFARMLS

19

11

$1,150,000

104.64

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

405 | $1,150,000 (2BR) $1099/sf

ARDEN |

718 / 738 LONG BRIDGE

3

$1,492,942

$1,034

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

1400 | $1,635,000 (2BR) $----/sf

406 | $1,515,000 (2BR) $1054/sf 204 | $1,328,826 (2BR) $1015/sf

All Data From

m SFARMLS

21

36

$1,515,000

101.54

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

SOLD UNITS Q1 2017 Address

BR

BA

Status

Status Date

300 Berry 706

1

1

Sold

1.17.17

300 Berry 1303

1

1

Sold

2.24.17

300 Berry 621

1

1

Sold

3.10.17

325 Berry 315

1

1

Sold

3.23.17

325 Berry 717

1

1

Sold

2.6.17

330 Mission Bay 405

2

2

Sold

2.24.17

235 Berry 313

2

2

Sold

2.10.17

738 Long Bridge 204

2

2

Sold

1.24.17

255 Berry 604

2

2

Sold

3.16.17

435 China Basin 534

2

2

Sold

2.1.17

718 Long Bridge 406

2

2

Sold

3.8.17

718 Long Bridge 1400

2

2

Sold

1.19.17

420 Mission Bay 1203

2

2

Sold

2.23.17

* Only showing sold units in buildings featured in this book. Does not include new construction.

All Data From

23 DOM

SF

List Price

Sold Price

$/SF

35

----

$845,000

$845,000

----

12

732

$899,000

$875,000

$1195

7

730

$849,000

$885,000

$1212

0

848

$899,000

$920,000

$1085

8

741

$879,000

$960,000

$1296

11

1046

$1,099,000

$1,150,000

$1099

54

1235

$1,275,000

$1,280,000

$1036

0

1309

$1,278,000

$1,328,826

$1015

145

----

$1,499,000

$1,350,000

----

184

1391

$1,549,000

$1,375,000

$989

36

1438

$1,498,000

$1,515,000

$1054

0

----

$1,635,000

$1,635,000

----

46

1562

$1,748,000

$1,835,000

$1175

m SFARMLS

ONE MISSION BAY |

110 CHANNEL | 1000 3RD

350

170+

16.7

# UNITS

# IN CONTRACT

AVG ABSORPTION

SOLD

ACTIVE

CONTINGENT

PENDING

1607 | $2,600,000 (3BR) $1586/sf

1307 | $2,300,000 (3BR) $2898/sf

531 | $740,000 (0BR) $1495/sf

219 | $900,000 (1BR) $1071/sf

Only showing listings m

25

$725K+

$1.26M+

$1.718M+

1BR LIST PRICE

2BR LIST PRICE

3BR LIST PRICE

marketed on SFARMLS

629 | $926,000 (1BR) $1204/sf 518 | $920,000 (1BR) $1199/sf 320 | $1,300,000 (2BR) $1099/sf 213 | $1,495,000 (2BR) $1204/sf

WARRIORS STADIUM THE CHASE CENTER | COMING SOON

VI PAVLICEVICH bre 01906246 | 415.828.1114 vi@skyboxrealty.com

SHERRY JUNEJA bre 01916952 | 415.676.7086 sherry@skyboxrealty.com