2019 Q1 Condo Report South Beach Pablo Cela | Ranked #1 at The Harrison
Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com
Dear Neighbors, The South Beach / Yerba Buena condominium market continues to benefit from strong job growth in the hyper local demographic. The well publicized wave of 2019 San Francisco based company IPOs will directly affect home prices in our neighborhood. The reopening of the Transbay Terminal / Park, general retail development and proposed Embarcadero Navigation Center will also influence the desirability of our homes. A proposed solution to Yerba Buena’s Millennium Tower problem has stabilized pricing. 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 South Beach we have a distinct advantage in the marketing and sale of your property. 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 South Beach & Yerba Buena Real Estate needs. We look forward to being of service to you. Best Regards, Pablo Cela | Ranked #1 at The Harrison Paul Hwang | Ranked #1 in South Beach 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
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Skybox Realty 2019 Q1 Report
All Data From SFARMLS
Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com
Table of Contents South Beach Market Snapshot The Harrison Resales
6-7 8 - 11
One Rincon Hill
12 - 15
The Infinity
16 - 19
Lumina
20 - 23
Portside
24 - 27
Baycrest
28 - 31
Bridgeview
32 - 35
2019 Q1 Sales
36 - 37
The Harrison
38 - 39
New Construction
42 - 45
Who You Work With Matters
46 - 47
© Skybox Realty Inc, 2019
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Skybox Realty 2019 Q1 Report
All Data From SFARMLS
Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com
South Beach 2019 Q1 # of Transactions
54
15% YOY /
30% QOQ
Average Sales Price
$1,319,676 1.1% YOY /
2.1% QOQ
Average Price per Square Foot
$1,150 1.9% YOY /
3.1% QOQ
Average Days on the Market
44
7.3% YOY /
22% QOQ
© Skybox Realty Inc, 2019
7
The Harrison Resales
# of Transactions
Average Sales Price
---- YOY /
---- YOY /
4
100% QOQ
Average $/SF
58% QOQ
THE HA RRI S O N
AVG $1,439/SF
Q1 Q4
$1,424,500
AVG $1,119/SF
Q3 Q2
All Data From SFARMLS
401 Harrison
Average $/SF
Average Days on Market
---- YOY /
---- YOY /
$1,439 12% QOQ
26
Buyer Demographic
56% QOQ
THE HA RRI S O 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
9
The Harrison Resales
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
24F | $1,340,000 (1BR) $1614/sf
18C | $1,788,000 (2BR) $1340/sf 17B | $1,620,000 (2BR) $1236/sf 14F | $1,875,000 (2BR) $1512/sf 11D | $950,000 (1BR) $1565/sf 9B | $1,595,000 (2BR) $1216/sf 8F | $1,499,000 (2BR) $1209/sf
© Skybox Realty Inc, 2019
11
One Rincon Hill
# of Transactions
2
67% YOY /
50% QOQ
Average Sales Price
$1,065,000 45% YOY /
17% QOQ
Average $/SF Q1
O N E RI N CO N HI LL
AVG $1,354/SF AVG $1,496/SF
Q4 Q3 Q2
AVG $1,263/SF AVG $1,256/SF AVG $1,449/SF All Data From SFARMLS
425 1st, 489 Harrison
Average $/SF
$1,354 4.2% YOY /
9.5% QOQ
Average Days on Market
32
59% YOY /
Buyer Demographic
69% QOQ
O N E RI N CO N HI LL
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
13
One Rincon Hill
305 | $1,799,000 (2BR) $1161/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
6001 | $3,650,000 (2BR) $2227/sf
5406 | $2,888,000 (2BR) $2278/sf
4403 | $1,998,000 (2BR) $1516/sf
3905 | $975,000 (1BR) $1373/sf
2508 | $1,080,000 (1BR) $1430/sf
1807 | $1,100,000 (1BR) $1343/sf 1508 | $1,030,000 (1BR) $1364/sf
1106 | $1,499,000 (2BR) $1211/sf
© Skybox Realty Inc, 2019
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The Infinity
# of Transactions
3
---- YOY / ---- QOQ
Average Sales Price
$1,328,000 24% YOY /
17% QOQ
Average $/SF Q1
THE I N F I N I TY
$1,306/SF AVG $1,354/SF
Q4
AVG $1,376/SF
Q3 Q2
AVG $1,256/SF All Data From SFARMLS
301 / 333 Main, 318 / 338 Spear
Average $/SF
$1,306 11% YOY /
3.6% QOQ
Average Days on Market
35
84% YOY / ---- QOQ
Buyer Demographic
THE I N F I N I TY
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
17
The Infinity
D31A | $2,150,000 (2BR) $1688/sf
A6E | $935,000 (1BR) $1105/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
B31A | $1,199,000 (2BR) $1576/sf B29A | $2,099,000 (2BR) $1655/sf
B26G | $1,115,000 (1BR) $1382/sf
B20D | $1,848,888 (2BR) $1550/sf
C6H | $779,000 (0BR) $1371/sf
© Skybox Realty Inc, 2019
B5F | $899,000 (1BR) $1124/sf
19
Lumina
# of Transactions
4
300% YOY /
20% QOQ
Average Sales Price
$1,421,000 16% YOY /
39% QOQ
Average $/SF Q1
LUMI N A
AVG $1,314/SF AVG $1,543/SF
Q4 Q3 Q2
AVG $1,473/SF AVG $1,256/SF AVG $1,398/SF All Data From SFARMLS
318 / 338 Main, 333 Beale, 201 Folsom
Average $/SF
$1,314 6.4% YOY /
15% QOQ
Average Days on Market
75
26% YOY /
Buyer Demographic
14% QOQ
LUMI N A
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
21
Lumina
D36A | $7,375,000 (3BR) $1956/sf D35A | $3,299,000 (2BR) $2099/sf D33D | $1,499,000 (1BR) $1557/sf
D29A | $2,999,000 (2BR) $1908/sf D26D | $1,338,000 (1BR) $1372/sf D26E | $3,995,000 (3BR) $2243/sf
D14G | $1,900,000 (2BR) /$1356/sf D14B | $1,850,000 (2BR) $1570/sf
D9H | $1,198,800 (1BR) $1404/sf
C8H | $1,599,000 (1BR) $1623/sf
D6H | $1,068,000 (1BR) $1251/sf C4C | $1,299,000 (1BR) $1418/sf C3F | $1,099,000 (1BR) $1195/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
B41A | $11,495,000 (3BR) $2016/sf
B31C | $2,575,000 (2BR) $1722/sf
B27B | $1,999,000 (2BR) $1180/sf B25A | $2,488,000 (2BR) $1819/sf
B18D | $1,099,000 (1BR) $1255/sf
B10G | $2,150,000 (2BR) $1535/sf B10B | $1,525,000 (2BR) $1283/sf A8G | $1,160,000 (1BR) $1362/sf
© Skybox Realty Inc, 2019
B7A | $1,980,000 (2BR) $1447/sf
23
Portside
# of Transactions
1
50% YOY /
66% QOQ
Average $/SF Q1 Q4 Q3 Q2
Average Sales Price
$975,000 5.8% YOY /
11% QOQ
P O RTS I D E
$1,142/SF AVG $1,154/SF AVG $1,270/SF AVG $1,128/SF All Data From SFARMLS
403 Main, 38 Bryant
Average $/SF
$1,142 9.8% YOY /
1.1% QOQ
Average Days on Market
0
100% YOY /
Buyer Demographic
100% QOQ
P O RTS I D 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
25
Portside
103 | $1,149,000 (2BR) $977/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
406 | $1,395,000 (2BR) $983/sf 403 | $975,000 (1BR) $1142/sf
© Skybox Realty Inc, 2019
27
Baycrest
# of Transactions
3
---- YOY /
57% QOQ
Average Sales Price
$907,517 22% YOY /
18% QOQ
Average $/SF Q1 Q4 Q3 Q2
B A YCRES T
AVG $1,102/SF AVG $1,280/SF AVG $1,212/SF AVG $1,255/SF All Data From SFARMLS
201 Harrison
Average $/SF
$1,102 6.9% YOY /
14% QOQ
Average Days on Market
29
57% YOY /
Buyer Demographic
45% QOQ
B A YCRES T
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
29
Baycrest
730 | $580,000 (0BR) $1343/sf
303 | $1,098,000 (2BR) $994/sf 310 | $868,000 (2BR) $1089/sf 124 | $600,000 (0BR) $1463/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
810 | $905,000 (1BR) $1235/sf 613 | $937,550 (2BR) $1274/sf
314 | $799,000 (1BR) $1111/sf 227 | $880,000 (2BR) $796/sf
© Skybox Realty Inc, 2019
31
Bridgeview
# of Transactions
1
100% YOY /
66% QOQ
Average Sales Price
$995,000 100% YOY /
27% QOQ
Average $/SF Q1 Q4
B RI D GEV I EW
AVG $1,165/SF AVG $1,102/SF AVG $1,273/SF
Q3 Q2
AVG $1,087/SF All Data From SFARMLS
400 Beale
Average $/SF
$1,165 100% YOY /
5.7% QOQ
Average Days on Market
18
100% YOY /
Buyer Demographic
49% QOQ
B RI D GEV I EW
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
33
Bridgeview
1013 | $995,000 (1BR) $1165/sf
701 | $401,510 (2BR) bmr
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
910 | $749,000 (1BR) $1120/sf
© Skybox Realty Inc, 2019
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Skybox Realty 2019 Q1 Report
2019 Q1 Sales Address
BR / BA
SQFT
301 Main 5F
1/1
800
318 Spear 6E
1/1
846
401 Harrison 11D
1/1
607
425 1st 1508
1/1
755
201 Folsom 18D
1/1
876
425 1st 1807
1/1
819
318 Main 8G
1/1
852
401 Harrison 24F
1/1
830
201 Folsom 10B
2/2
1189
401 Harrison 17B
2/2
1311
401 Harrison 18C
2/2
1334
338 Main 14G
2/2
1401
338 Spear 31A
2/2
1274
201 Harrison 227
2/2
1105
201 Harrison 810
1/1
733
201 Harrison 613
2/2
736
38 Bryant 403
1/1
854
400 Beale 1013
1/1
854
All Data From SFARMLS
Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com
* Only showing sold homes in buildings featured in this book. Does not include new construction.
Sale Price
$/SF
% Sale/List
$899,000
$1,123.75
100.00
$935,000
$1,105.20
97.91
$950,000
$1,565.07
98.45
$1,030,000
$1,364.24
98.56
$1,099,000
$1,254.57
100.00
$1,100,000
$1,343.10
100.00
$1,160,000
$1,361.50
105.94
$1,340,000
$1,614.46
97.17
$1,525,000
$1,282.59
96.52
$1,620,000
$1,235.70
100.00
$1,788,000
$1,340.33
99.44
$1,900,000
$1,356.17
98.70
$2,150,000
$1,687.60
97.77
$880,000
$796.38
100.00
$905,000
$1,234.65
96.38
$937,550
$1,273.85
110.43
$975,000
$1,141.69
108.57
$995,000
$1,165.11
101.02
© Skybox Realty Inc, 2019
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The Harrison 401 Harrison
Interior Design
Ken Fulk # of Units
298 # in Contract / Sold
211+
Monthly Absorption
7 Units All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
49A | $3,700,000 (2BR) $2245/sf 48B | $8,800,000 (3BR) $2738/sf 45A | $3,150,000 (2BR) $1911/sf
41C | $4,550,000 (3BR) $2345/sf
37A | $1,179,000 (1BR) $1404/sf
38F | $1,533,000 (1BR) $1847/sf 37D | $2,650,000 (2BR) $2043/sf 36C | $2,360,000 (2BR) $1769/sf 33F | $1,447,000 (1BR) $1743/sf
31E | $2,591,000 (2BR) $2088/sf
31A | $1,157,000 (1BR) $1377/sf
29C | $2,230,000 (2BR) $1672/sf 28E | $2,588,000 (2BR) $2085/sf 27D | $2,475,000 (2BR) $1908/sf
29G | $1,119,000 (1BR) $1474/sf 28B | $1,885,000 (2BR) $1438/sf 27F | $1,395,000 (1BR) $1681/sf 26G | $1,096,000 (1BR) $1444/sf 25A | $1,115,000 (1BR) $1327/sf 24G | $1,081,000 (1BR) $1424/sf
23B | $1,775,000 (2BR) $1354/sf
20E | $2,077,000 (2BR) $1674/sf
© Skybox Realty Inc, 2019
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181 Fremont 181 Fremont
Developer
Jay Paul # of Units
67
# in Contract / Sold
34+
Monthly Absorption
1 Unit All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
68B | $15,500,000 (2BR) $4,760/sf
62C | $3,325,000 (2BR) $2635/sf
60A | $6,465,000 (3BR) $3278/sf
© Skybox Realty Inc, 2019
41
Skybox Realty 2019 Q1 Report
Mira 280 Spear Architect
Studio Gang # of Units
392 # in Contract / Sold
35+
Monthly Absorption
6 Units All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
© Skybox Realty Inc, 2019
43
Skybox Realty 2019 Q1 Report
The Avery 488 Folsom Architect
OMA # of Units
118 # in Contract / Sold
10+
Monthly Absorption
1 Unit All Data From SFARMLS
Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com
© Skybox Realty Inc, 2019
45
Skybox Realty 2019 Q1 Report
Pablo Cela
South Beach Average Sales Price 2019
2018
2017
Skybox Realty Other Brokers Skybox Realty Other Brokers Skybox Realty Others
$1.1M
$1.3M
$1.5M
$1.7M
$1.9M
$2.1M
All Data From SFARMLS
Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com
“
Pablo consistently exceeded expectations and deserves more stars than we can give.
“
South Beach Average Price per Square Foot Skybox Realty
2019
Other Brokers Skybox Realty
2018
Other Brokers Skybox Realty
2017
Other Brokers
$700
$900
$1100
© Skybox Realty Inc, 2019
$1300
$1500
$1700
47
Pablo Cela Ranked #1 at The Harrison 415.886.5121 | dre 01805459 pablo@skyboxrealty.com