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