SOUTH BEACH & YERBA BUENA 2017 Q3 REPORT PAUL HWANG | RANKED #1 IN SOUTH BEACH 415.216.8746 | PAUL@SKYBOXREALTY.COM
DEAR NEIGHBORS, 2017 Q3
Woodlands Market has opened to great enthusiasm and I must say I am a frequent patron of their Salad Bar & prepared foods section - delicious and nutricious! The neighborhood is shaping up with other welcome additions including Joe & the Juice and a Fistful of Tacos (finally, a neighborhood taqueria!). Facebook just leased the entire 181 Fremont building and several new high rises continue to reach to the sky. The future is very promising for South Beach & Yerba Buena (‘the East Cut” ...ahem) in the long run. The short term however is experiencing some growing pains with the sudden influx of residential and commercial inventory. Sales and leasing prices are decidely down from previous years. More affordable 2 bedroom, 2 bath homes are teetering downward near the $1 million mark. As your expert small neighborhood business, we look forward to providing you with quick personalized service. We appreciate your support and real estate referrals which make this publication possible. We would like to expand this report to include some non-quantitative information about the “hood.” Feel free to drop us a note of things you would like to see appear here in the future. 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 - 25
ONE HAWTHORNE
26 - 29
WATERMARK
30 - 33
SOLD UNITS
34 - 35
LUMINA
36 - 37
THE HARRISON
38 - 39
72 TOWNSEND
40 - 41
181 FREMONT
42 - 43
OPENINGS
44 - 47
SOUTH BEACH FAST FACTS
49
$1,280,238
$1,191
49
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
27% YOY
4.8% YOY
3.4% YOY
13% YOY
SOUTH BEACH
PRICE PER SQUARE FOOT DISTRIBUTION
$345/SF
$635/SF
$925/SF
$1215/SF
$1505/SF
$1795/SF
$2085/SF
STANDARD DEVIATION = $289.52
All Data From
YERBA BUENA FAST FACTS
21
$1,298,524
$1,225
54
# SOLD
AVG SALE PRICE
AVG $/SF
AVG DOM
8.7% YOY
42% YOY
2.4% YOY
1.9% YOY
YERBA BUENA
PRICE PER SQUARE FOOT DISTRIBUTION
$355/SF
$645/SF
$935/SF
STANDARD DEVIATION = $290.14
m SFARMLS
$1225/SF
$1515/SF
$1805/SF
$2095/SF
THE INFINITY |
301 / 333 MAIN | 318 / 338 SPEAR
D35E | $2,399,000 (2BR) $1790/sf
D14G | $965,000 (1BR) $1199/sf
A6K | $920,000 (1BR) $1106/sf D4J | $980,000 (1BR) $956/sf A3A | $1,379,000 (2BR) $1082/sf
A3G | $865,000 (1BR) $1066/sf A3H | $898,000 1BR) $1073/sf
All Data From
m SFARMLS
SOLD
ACTIVE
CONTINGENT
PENDING
B37B | $9,500,000 (3BR) $3134/sf
B27D | $1,950,000 (2BR) $1481/sf B26F | $1,899,000 (2BR) $1453/sf
B23D | $1,795,000 (2BR) $1363/sf
B19G | $995,000 (1BR) $1313/sf B18E | $1,560,000 (2BR) $1322/sf
B15CD | $5,495,000 (2BR) $2585/sf
C9F | $949,000 (1BR) $1141/sf C7A | $1,329,000 (2BR) $1287/sf C5K | $875,000 (1BR) $1055/sf C4K | $949,000 (1BR) $1141/sf
11
THE INFINITY |
301 / 333 MAIN | 318 / 338 SPEAR
9
$1,206,556
$1,188
# SOLD
AVG SALE PRICE
AVG $/SF
23% YOY
30% YOY
6.8% YOY
125% QOQ
6.4% QOQ
6.5% QOQ
THE INFINITY
AVG PRICE PER SQUARE FOOT $1400 $1200 $1000 2016 Q4
2017 Q1
2017 Q2
2017 Q3
THE INFINITY ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
$754/SF
$897/SF
$1040/SF
$118
STANDARD DEVIATION = $143.38
All Data From
13
60
$965,000
97.49
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
7.1% YOY
40% YOY
1.1% YOY
1.7% QOQ
24% QOQ
1.1% QOQ
THE INFINITY
2017 BUYER DEMOGRAPHIC
83/SF
m SFARMLS
2017 Q1
CASH
$1326/SF
2017 Q2
LOAN
$1469/SF
2017 Q3
UNKNOWN
$1612/SF
THE METROPOLITAN | 333 / 355 1ST STREET
N1907 | $1,265,000 (2BR) $1332/sf N1803 | $855,000 (1BR) $1199/sf N1704 | $1,299,000 (2BR) $1321/sf
N602 | $387,491 (1BR) bmr
All Data From
m SFARMLS
SOLD
ACTIVE
CONTINGENT
PENDING
S2305 | $1,688,888 (2BR) $1189/sf
S1101 | $799,999 (1BR) $1164/sf S803 | $795,000 (1BR) $----/sf S604 | $1,260,000 (2BR) $1124/sf
15
THE METROPOLITAN |
333 / 355 1ST STREET
3
$1,106,667
$1,228
# SOLD
AVG SALE PRICE
AVG $/SF
----% YOY
6.1% YOY
.17% YOY
40% QOQ
28% QOQ
.49% QOQ
THE METROPOLITAN
AVG PRICE PER SQUARE FOOT $1250 $1150 $1050 2016 Q4
2017 Q1
2017 Q2
2017 Q3
THE METROPOLITAN ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
BELL CURVE GRAPH $851/SF
$969/SF
$1087/SF
$120
STANDARD DEVIATION = $117.54
All Data From
17
27
$1,260,000
101.65
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
53% YOY
15% YOY
2.7% YOY
42% QOQ
53% QOQ
.8% QOQ
THE METROPOLITAN
2017 BUYER DEMOGRAPHIC
2017 Q1
CASH
2017 Q2
LOAN
2017 Q3
UNKNOWN
WILL GO HERE>
05/SF
m SFARMLS
$1323/SF
$1441/SF
$1559/SF
ONE RINCON HILL | 425 1ST | 489 HARRISON
All Data From
m SFARMLS
SOLD
ACTIVE
CONTINGENT
5404 | $1,805,000 (2BR) $1431/sf 5204 | $3,899,000 (3BR) $2003/sf 5101 | $1,905,000 (2BR) $----/sf 4905 | $1,049,000 (1BR) $1389/sf 4704 | $850,000 (1BR) $1405/sf
3905 | $988,000 (1BR) $1392/sf
2902 | $2,775,000 (3BR) $1408/sf
2007 | $1,155,000 (1BR) $1410/sf
1603 | $1,549,000 (2BR) $1212/sf 1305 | $875,000 (1BR) $1232/sf 1107 | $1,125,000 (1BR) $1374/sf
PENDING
19
ONE RINCON HILL | 425 1ST | 489 HARRISON 4
$1,527,250
$1,322
# SOLD
AVG SALE PRICE
AVG $/SF
33% YOY
6.1% YOY
14% YOY
33% QOQ
25% QOQ
10% QOQ
ONE RINCON HILL
AVG PRICE PER SQUARE FOOT $1500 $1400 $1300 2016 Q4
2017 Q1
2017 Q2
2017 Q3
ONE RINCON HILL ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
$617/SF
$881/SF
$1145/SF
$140
STANDARD DEVIATION = $264.27
All Data From
21
69
$1,677,000
97.57
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
33% YOY
13% YOY
1.3% YOY
36% QOQ
34% QOQ
2.9% QOQ
ONE RINCON HILL
2017 BUYER DEMOGRAPHIC
09/SF
m SFARMLS
2017 Q1
CASH
$1673/SF
2017 Q2
LOAN
$1937/SF
2017 Q3
UNKNOWN
$2201/SF
MILLENNIUM TOWER |
301 MISSION
906 | $1,500,000 (1BR) $919/sf
606 | $2,195,000 (1BR) $1344/sf 401 | $5,995,000 (4BR) $1572/sf
304 | $1,959,000 (2BR) $1529/sf
All Data From
SOLD
ACTIVE
50C | $4,150,000 (2BR) $1472/sf
37E | $2,000,000 (2BR) $1167/sf
33E | $2,399,000 (2BR) $1400/sf
24D | $875,000 (1BR) $1109/sf
11D | $700,000 (1BR) $1032/sf
4E | $1,299,000 (2BR) $1143/sf
m SFARMLS
CONTINGENT
PENDING
23
MILLENNIUM TOWER | 301 MISSION 3
$2,341,667
$1,249
# SOLD
AVG SALE PRICE
AVG $/SF
50% YOY
22% YOY
18% YOY
200% QOQ
59% QOQ
41% QOQ
MILLENNIUM TOWER
AVG PRICE PER SQUARE FOOT $2500 $2000 $1500 2016 Q4
2017 Q1
2017 Q2
2017 Q3
MILLENNIUM TOWER ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
$0/SF
$402/SF
$1048/SF
$169
STANDARD DEVIATION = $645.64
All Data From
25
93
$2,000,000
100.00
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
43% YOY
4.3% YOY
.39% YOY
59% QOQ
65% QOQ
36% QOQ
MILLENNIUM TOWER
2017 BUYER DEMOGRAPHIC
94/SF
m SFARMLS
2017 Q1
CASH
$2340/SF
2017 Q2
LOAN
$2986/SF
2017 Q3
UNKNOWN
$3632/SF
ONE HAWTHORNE |
1 HAWTHORNE LANE
All Data From
m SFARMLS
SOLD
ACTIVE
CONTINGENT
PENDING
25A | $2,345,000 (2BR) $1442/sf
16D | $985,000 (1BR) $----/sf 14F | $1,875,000 (2BR) $1358/sf
10E | $1,629,000 (2BR) $1307/sf
6C | $899,000 (1BR) $1056/sf 4H | $1,575,000 (2BR) $1141/sf
27
ONE HAWTHORNE |
1 HAWTHORNE LANE
0
----
----
# SOLD
AVG SALE PRICE
AVG $/SF
----% YOY
----% YOY
----% YOY
100% QOQ
100% QOQ
100% QOQ
ONE HAWTHORNE
AVG PRICE PER SQUARE FOOT $1500 $1300 $1100 2016 Q4
2017 Q1
2017 Q2
2017 Q3
ONE HAWTHORNE ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
$611/SF
$841/SF
$1071/SF
$130
STANDARD DEVIATION = $230.30
All Data From
29
----
----
----
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
----% YOY
----% YOY
----% YOY
100% QOQ
100% QOQ
100% QOQ
ONE HAWTHORNE
2017 BUYER DEMOGRAPHIC
01/SF
m SFARMLS
2017 Q1
CASH
$1531/SF
2017 Q2
LOAN
$1761/SF
2017 Q3
UNKNOWN
$1991/SF
WATERMARK |
501 BEALE
All Data From
m SFARMLS
SOLD
ACTIVE
CONTINGENT
20F | $1,537,000 (2BR) $1363/sf 18A | $3,200,000 (3BR) $2178/sf
12D | $1,995,000 (2BR) $1585/sf 11C | $949,000 (1BR) $1185/sf
PENDING
31
WATERMARK |
501 BEALE
2
$2,368,500
$1,770
# SOLD
AVG SALE PRICE
AVG $/SF
100% YOY
100% YOY
100% YOY
----% QOQ
60% QOQ
45% QOQ
WATERMARK
AVG PRICE PER SQUARE FOOT $1700 $1400 $1100 2016 Q4
2017 Q1
2017 Q2
2017 Q3
WATERMARK ONE YEAR SALES ACTIVITY
PRICE PER SQUARE FOOT DISTRIBUTION
BELL CURVE GRAPH
$204/SF
$610/SF
$1016/SF
$142
STANDARD DEVIATION = $405.61
All Data From
33
25
$2,368,500
101.87
AVG DOM
MEDIAN PRICE
AVG % SALE/LIST
100% YOY
100% YOY
100% YOY
17% QOQ
60% QOQ
2.1% QOQ
WATERMARK
2017 BUYER DEMOGRAPHIC
2017 Q1
CASH
2017 Q2
LOAN
2017 Q3
UNKNOWN
WILL GO HERE>
22/SF
m SFARMLS
$1828/SF
$2234/SF
$2640/SF
SOLD UNITS Q3 2017 Address
BR
BA
Status
Status Date
301 Mission 24D
1
1
Sold
9.14.17
301 Mission 37E
2
2
Sold
8.31.17
301 Mission 50C
2
2.5
Sold
9.8.17
355 1st 803
1
1
Sold
8.30.17
425 1st 4704
1
1
Sold
8.21.17
318 Spear 3G
1
1
Sold
7.25.17
333 Main 5K
1
1
Sold
7.28.17
318 Spear 6K
1
1
Sold
8.16.17
333 Main 9F
1
1
Sold
9.1.17
338 Spear 14G
1
1
Sold
8.17.17
338 Spear 4J
1
1
Sold
7.3.17
355 1st 604
2
2
Sold
8.25.17
333 1st 1907
2
2
Sold
7.14.17
501 Beale 20F
2
2
Sold
7.13.17
425 1st 1603
2
2
Sold
8.21.17
301 Main 18E
2
2
Sold
7.6.17
301 Main 23D
2
2
Sold
8.8.17
425 1st 5404
2
2
Sold
7.7.17
425 1st 5101
2
2
Sold
8.9.17
301 Main 27D
2
2
Sold
7.17.17
501 Beale 18A
3
2.5
Sold
7.28.17
* Only showing sold units in buildings featured in this book. Does not include new construction.
All Data From
35 DOM
SF
List Price
Sold Price
$/SF
217
789
$999,000
$875,000
$1401
26
1714
$2,000,000
$2,000,000
$1167
37
2819
$4,100,000
$4,150,000
$1472
54
----
$768,000
$795,000
----
85
----
$899,000
$850,000
----
68
812
$925,000
$865,000
$1065
57
829
$949,000
$875,000
$1055
47
832
$925,000
$920,000
$1106
85
832
$998,000
$949,000
$1141
11
805
$949,000
$965,000
$1199
21
1021
$1,050,000
$980,000
$960
8
1121
$1,199,000
$1,260,000
$1124
19
950
$1,299,000
$1,265,000
$1332
25
----
$1,450,000
$1,537,000
----
1
1278
$1,549,000
$1,549,000
$1212
97
1180
$1,680,000
$1,560,000
$1322
78
1317
$1,899,500
$1,795,000
$1363
72
1261
$1,899,000
$1,805,000
$1431
117
----
$2,045,000
$1,905,000
----
73
1317
$1,999,000
$1,950,000
$1481
0
1469
$3,200,000
$3,200,000
$2178
m SFARMLS
LUMINA |
318 / 338 MAIN | 333 BEALE | 201 FOLSOM
581+
85
18
# SOLD
# REMAINING
AVG ABSORPTION
D36A | $7,875,000 (3BR) ** D35A | $2,900,000 (2BR) ** D32E | $3,695,000 (3BR)
** D20H | $1,195,000 (1BR)
** D9C | $1,600,000 (2BR)
** C3C | $1,300,000 (1BR)
Only showing listings marketed on SFA
SOLD
ACTIVE
FARMLS. Listings with ** indicates resales.
CONTINGENT
PENDING
37
B36C | $2,470,000 (2BR)
B32D | $1,695,000 (1BR) B32B | $5,495,000 (3BR)
B32C | $2,400,000 (2BR)
B30E | 3,245,000 (3BR)
B30A | $2,455,925 (2BR)
B26C | $2,210,000 (2BR) B23A | $1,995,000 (2BR) B22H | $1,245,000 (1BR)
B17E | $1,775,000 (2BR)
A8E | $1,495,000 (1BR) A7E | $1,369,000 (1BR)
A4A | $810,000 (0BR) B3F | $1,515,000 (2BR) A2B | $1,185,000 (1BR)
B19D | $1,260,000 (1BR) B18B | $1,700,000 (2BR) B17H | $1,160,000 (1BR)
B9E | $1,565,000 (2BR) ** **
** A2A | $1,588,000 (2BR)
**
THE HARRISON |
401 HARRISON
103+
195
6
# SOLD
# REMAINING
AVG ABSORPTION
43D | $3,075,000 (2BR) $2456/sf
28C | $2,332,000 (2BR) $1748/sf
18E | $1,890,000 (2BR) $1523/sf
13E | $957,000 (1BR) $1354/sf
7B | $845,000 (1BR) $1137/sf 6D | $785,000 (1BR) $1293/sf
Only showing listings m
SOLD
marketed on SFARMLS
ACTIVE
CONTINGENT
42A | $3,195,000 (2BR) $1721/sf 41D | $4,500,000 (2BR) $2309/sf 38B | $2,150,000 (2BR) $1639/sf 36F | $1,475,000 (1BR) $1777/sf
28G | $1,145,000 (1BR) $1511/sf
20B | $1,700,000 (2BR) $1297/sf 18D | $1,695,000 (2BR) $1293/sf 17G | $995,000 (1BR) $1311/sf
13C | $1,644,000 (2BR) $1278/sf 11H | $967,000 (1BR) $1274/sf 10D | $865,000 (1BR) $1425/sf 8A | $995,000 (1BR) $1185/sf 7F | $1,350,000 (2BR) $068/sf 6A | $1,125,000 (1BR) $1009/sf
PENDING
39
72 TOWNSEND |
72 TOWNSEND
59+
8
2
# SOLD
# REMAINING
AVG ABSORPTION
809 | $950,000 (1BR) $1056/sf 709 | $1,395,000 (2BR) $----/sf
705 | $875,000 (1BR) $----/sf 704 | $1,549,000 (2BR) $----/sf
310 | $2,899,000 (4BR) $1247/sf
Only showing listings m
SOLD
marketed on SFARMLS
ACTIVE
CONTINGENT
PENDING
802 | $1,750,000 (2BR) $1358/sf 711 | $1,375,000 (2BR) $1243/sf
712 | $1,050,000 (1BR) $1167/sf
41
181 FREMONT | 181 FREMONT 22+
45
1.6
# SOLD
# REMAINING
AVG ABSORPTION
Only showing listings m
SOLD
marketed on SFARMLS
ACTIVE
CONTINGENT
PENDING
69B | $14,000,000 (2BR) $4376/sf
63A | $5,630,000 (3BR) $2992/sf
59C | $3,760,000 (2BR) $2347/sf
43
WOODLANDS MARKET NOW OPEN AT LUMINA
RECENT & UPCOMING OPENINGS EIGHT TABLES 644 BROADWAY
Serving just eight tables per night, chef George Chen is bringing Chinese fine dining to San Francisco. Tasting menus follow the “private chateau cuisine� style found in residential areas in Chinese cities using local California produce.
FOXSISTER
3161 24TH STREET A new Korean bar and restaurant bringing food inspired by Korean drinking snacks to the Mission. The menu that includes dishes like beef brisket bulgogi and fried chicken is meant for sharing, so bring friends.
ESAN CLASSIC
739 - 743 LARKIN STREET From the same chef as the beloved Lers Ros Thai chain comes Esan Classic, serving the mainstays of Northeastern Thailand all the way up until 2am.
All Data From
47
INTERNATIONAL SMOKE 301 MISSION STREET
Cheer for the other Chef Curry (Ayesha) as she partners with restaurateur Michael Mina in opening International Smoke, a full-scale version of the Mina Test Kitchen pop-up. The restaurant will open in the soon-to-be-shuttered RN74 and will offer dishes like smoked ribs, shrimp chili, and American Wagyu.
ALTA CA
1275 MINNESOTA STREET Celebrating everything that is great about California, including exquisite ingredients, a vibrant culture, and friendly people, Alta CA brings feel-good California dishes to the Dogpatch. The space also featurues an art gallery and is best enjoyed for lunch.
A FISTFUL OF TACOS
201 HARRISON STREET, C2 For a quick Mexican fix without heading to the Mission, visit a Fistful of Tacos. The menu includes tacos, burritos, burrito bowls, and quesadillas, all available for take-out/to-go only.
m SFARMLS
PAUL HWANG RANKED #1 IN SOUTH BEACH 415.216.8746 | PAUL@SKYBOXREALTY.COM
流利國語