2019 Q1 Condo Report Mission Bay Paul Hwang | Ranked #1 in South Beach Vi Pavlicevich | Ranked #1 in Mission Bay
Mission Bay 2019 Q1 # of Transactions
16
53% YOY /
47% QOQ
Average Sales Price
$1,077,912 16% YOY /
19% QOQ
Average Price per Square Foot
$1,108 .09% YOY /
.18% QOQ
Average Days on the Market
41
7.9% YOY /
5.1% QOQ
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Dear Neighbors, Mission Bay is growing up right before our eyes and before you know it, our neighborhood will be the home of the Golden State Warriors. As Mission Bay matures, the condominium market will benefit from continued job growth in the hyper local demographic. The well publicized wave of San Francisco based company IPOs scheduled for 2019 (including Uber based in the Chase Center) will directly affect home prices in our neighborhood. Although there may be brief periods of slowness, we expect demand, rents and prices to continue to increase as we go forward. As the #1 Broker in Mission Bay we have a distinct advantage in the marketing and sale of your property, as prospective buyers, their agents and sellers contact us daily for new inventory and broker price opinions. Please contact us for a personalized analysis of your Mission Bay Real Estate needs. We look forward to being of service to you. Best Regards, Paul Hwang | Ranked #1 in South Beach Vi Pavlicveich | Ranked #1 in Mission Bay 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.
Š Skybox Realty Inc, 2019
3
Skybox Realty 2019 Q1 Report
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Table of Contents 235 Berry
6-9
255 Berry
10 - 13
Arterra
14 - 17
Park Terrace
18 - 21
The Beacon
22 - 25
Madrone
26 - 29
Radiance
30 - 33
Arden
34 - 37
2019 Q1 Sold
38 - 39
One Mission Bay
40 - 41
Who You Work With Matters
42 - 43
© Skybox Realty Inc, 2019
5
235 Berry
# of Transactions
2
33% YOY /
50% QOQ
Average Sales Price
$1,365,000 6.6% YOY /
21% QOQ
Average $/SF
235 B ERRY
$1,355/SF
Q1 Q4 Q3 Q2
AVG $1,161/SF AVG $1,193/SF AVG $1,117/SF All Data From SFARMLS
235 Berry
Average $/SF
$1,355 27% YOY /
17% QOQ
Average Days on Market
4
90% YOY /
Buyer Demographic
69% QOQ
235 B ERRY
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 8 Q4 © Skybox Realty Inc, 2019
2019 Q 1
7
235 Berry
411 | $1,405,000 (2BR) $1471sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
501 | $1,325,000 (2BR) $1238/sf
© Skybox Realty Inc, 2019
9
255 Berry
# of Transactions
0
100% YOY /
100% QOQ
Average Sales Price
----
100% YOY /
100% QOQ
Average $/SF
255 B ERRY
Q1 Q4 Q3 Q2
AVG $1,101/SF AVG $1,200/SF AVG $1,117/SF All Data From SFARMLS
255 Berry
Average $/SF
----
100% YOY /
100% QOQ
Average Days on Market
----
100% YOY /
Buyer Demographic
100% QOQ
255 B ERRY
N o S al e s i n 2019 Q 1
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 8 Q4 © Skybox Realty Inc, 2019
11
255 Berry
708 | $3,195,000 (2BR) $1312/sf
All Data From SFARMLS
SO L D
© Skybox Realty Inc, 2019
ACTI V E
IN CONTRACT
13
Arterra
# of Transactions
1
66% YOY /
50% QOQ
Average Sales Price
$905,000 17% YOY /
Average $/SF
A RTERRA
AVG $1,516/SF
Q1 Q4
18% QOQ
AVG $1,061/SF
Q3
AVG $1,190/SF
Q2
AVG $1,192/SF All Data From SFARMLS
300 Berry
Average $/SF
$1,516 28% YOY /
43% QOQ
Average Days on Market
13
13% YOY /
Buyer Demographic
74% QOQ
A RTERRA
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 8 Q4 © Skybox Realty Inc, 2019
2019 Q 1
15
Arterra
1109 | $905,000 (1BR) $1516/sf
All Data From SFARMLS
SO L D
© Skybox Realty Inc, 2019
ACTI V E
IN CONTRACT
17
Park Terrace
# of Transactions
0
100% YOY /
100% QOQ
Average Sales Price
----
100% YOY /
100% QOQ
Average $/SF
P A RK TERRA CE
Q1 Q4 Q3
AVG $1,118/SF AVG $1,204/SF
Q2
All Data From SFARMLS
325 Berry
Average $/SF
----
100% YOY /
100% QOQ
Average Days on Market
----
100% YOY /
Buyer Demographic
100% QOQ
P A RK TERRA CE
N o S al e s i n 2019 Q 1
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 8 Q4 © Skybox Realty Inc, 2019
19
Park Terrace
606 | $900,000 (1BR) $1144/sf
All Data From SFARMLS
SO L D
© Skybox Realty Inc, 2019
ACTI V E
IN CONTRACT
21
The Beacon
# of Transactions
11
22% YOY / ---- QOQ
Average $/SF Q1 Q4 Q3 Q2
Average Sales Price
$964,600 8.5% YOY /
8.9% QOQ
THE B EA CO N
AVG $1,081/SF AVG $1,071/SF AVG $1,057/SF AVG $1,070/SF All Data From SFARMLS
250 / 260 King
Average $/SF
$1,081 2.9% YOY /
.1% QOQ
Average Days on Market
34
28% YOY /
Buyer Demographic
26% QOQ
THE B EA CO N
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 8 Q4 © Skybox Realty Inc, 2019
2019 Q 1
23
The Beacon
505 | $1,400,000 (2BR) $941/sf
659 | $1,489,500 (3BR) $1155/sf 529 | $672,600 (0BR) $1121/sf
1314 | $940,000 (1BR) $977/sf 1012 | $918,000 (1BR) $1034/sf 720 | $1,295,000 (2BR) $1092/sf 626 | $1,425,000 (2BR) $988/sf 558 | $1,228,000 (2BR) $1010/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
1613 | $960,000 (1BR) $1179/sf 1515 | $930,000 (1BR) $1030/sf
1209 | $849,000 (1BR) $1032/sf
729 | $645,000 (0BR) $1075/sf 681 | $765,000 (1BR) $1150/sf
651 | $1,170,000 (2BR) $1090/sf
425 | $1,135,000 (2BR) $1159/sf
756 | $870,000 (1BR) $1009/sf
482 | $940,000 (1BR) $1066/sf
© Skybox Realty Inc, 2019
25
Madrone
# of Transactions
1
66% YOY /
83% QOQ
Average Sales Price
$1,440,988 13% YOY /
16% QOQ
Average $/SF Q1 Q4
MA D RO N E
AVG $1,192/SF AVG $1,199/SF AVG $1,301/SF
Q3 Q2
AVG $1,183/SF All Data From SFARMLS
420 / 480 Mission Bay, 435 China Basin
Average $/SF
$1,192 4.1% YOY /
2.2% QOQ
Average Days on Market
174 988% YOY /
Buyer Demographic
397% QOQ
MA D RO N E
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 8 Q4 © Skybox Realty Inc, 2019
2019 Q 1
27
Madrone
1405 | $3,288,000 (3BR) $1712/sf
717 | $1,295,000 (1BR) $1099/sf 545 | $1,750,000 (2BR) $1185/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
513 | $1,440,988 (2BR) $1192/sf 338 | $1,599,000 (2BR) $1285/sf
© Skybox Realty Inc, 2019
29
Radiance
# of Transactions
0
100% YOY /
100% QOQ
Average Sales Price
----
100% YOY /
100% QOQ
Average $/SF
RA D I A N CE
Q1 Q4
AVG $1,056/SF
Q3 Q2
AVG $1,124/SF All Data From SFARMLS
330 Mission Bay, 325 China Basin
Average $/SF
---
100% YOY /
100% QOQ
Average Days on Market
---
100% YOY /
Buyer Demographic
100% QOQ
RA D I A N CE
N o S al e s i n 2019 Q 1
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 8 Q4 © Skybox Realty Inc, 2019
31
Radiance
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
503 | $1,549,000 (2BR) $1278/sf
© Skybox Realty Inc, 2019
33
Arden
# of Transactions
1
86% YOY /
100% QOQ
Average Sales Price
$1,560,000 21% YOY /
100% QOQ
Average $/SF Q1 Q4 Q3 Q2
A RD EN
AVG $1,194/SF AVG $1,274/SF AVG $1,123/SF AVG $1,257/SF All Data From SFARMLS
718 / 738 Long Bridge
Average $/SF
$1,194 10% YOY /
100% QOQ
Average Days on Market
55
31% YOY /
Buyer Demographic
100% QOQ
A RD EN
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 8 Q4 © Skybox Realty Inc, 2019
2019 Q 1
35
Arden
1506 | $2,450,000 (3BR) $1514/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
214 | $1,560,000 (2BR) $1194/sf
© Skybox Realty Inc, 2019
37
Skybox Realty 2019 Q1 Report
2019 Q1 Sales Address
BR / BA
SQFT
260 King 729
0/1
600
260 King 529
0/1
600
260 King 681
1/1
665
250 King 756
1/1
862
300 Berry 1109
1/1
597
260 King 1515
1/1
903
250 King 1314
1/1
962
260 King 1613
1/1
814
260 King 425
2/2
979
260 King 651
2/2
1073
250 King 558
2/2
1216
250 King 720
2/2
1186
235 Berry 501
2 /2
1070
235 Berry 411
2/2
955
480 Mission Bay 513
2/2
1209
718 Long Bridge 214
2/2
1307
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
* Only showing sold homes in buildings featured in this book. Does not include new construction.
Sale Price
$/SF
% Sale/List
$645,000
$1,075.00
102.54
$672,600
$1,121.00
106.93
$765,000
$1,150.38
101.32
$870,000
$1,009.28
97.21
$905,000
$1,515.91
106.60
$930,000
$1,029.90
103.45
$940,000
$977.13
98.02
$960,000
$1,179.36
96.19
$1,188,000
$1,159.35
113.73
$1,099,000
$1,090.40
106.46
$1,350,000
$1,009.87
98.24
$1,295,000
$1,091.91
100.00
$1,198,000
$1,238.32
110.60
$1,405,000
$1471.00
100.72
$1,495,000
$1,191.88
96.39
$1,560,000
$1,193.57
98.24
Š Skybox Realty Inc, 2019
39
Skybox Realty 2019 Q1 Report
One Mission Bay Developer
CIM
# of Units
# in C
350
32
1501 | $3,800,000 (3BR) $1923/sf 1301 | $3,650,000 (3BR) $1847/sf
812 | $1,710,000 (2BR) $1340/sf 616 | $888,000 (1BR) $----/sf
203 | $1,695,000 (3BR) $1332/sf 104 | $1,450,000 (2BR) $1465/sf
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Contract / Sold
27+
Monthly Absorption
10.1 Units
1202 | $3,635,000 (3BR) $1990/sf 1107 | $2,100,000 (3BR) $1281/sf 918 | $988,000 (1BR) $1288/sf
602 | $1,875,000 (2BR) $1422/sf
202 | $899,000 (1BR) $1425/sf
© Skybox Realty Inc, 2019
41
Skybox Realty 2019 Q1 Report
Paul Hwang
South Beach Average Sales Price 2019
2018
2017
Paul Hwang Other Brokers Paul Hwang Other Brokers Paul Hwang Others
$1.1M
$1.3M
$1.5M
$1.7M
$1.9M
$2.1M
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
“
Paul is hands-down the best broker in South Beach. - Peter W
“
South Beach Average Price per Square Foot Paul Hwang
2019
Other Brokers Paul Hwang
2018
Other Brokers Paul Hwang
2017
Other Brokers
$700
$900
$1100
© Skybox Realty Inc, 2019
$1300
$1500
$1700
43
Paul Hwang
Vi Pavlicevich
415.216.8746 | dre 01371169 paul@skyboxrealty.com
415.828.1114 | dre 01906246 vi@skyboxrealty.com
Ranked #1 in South Beach
Ranked #1 in Mission Bay