2019 Q2 Condo Report Mission Bay Paul Hwang | Ranked #1 in South Beach
Mission Bay 2019 Q2 # of Transactions
29
31% YOY /
81% QOQ
Average Sales Price
$1,397,920 6.3% YOY /
30% QOQ
Average Price per Square Foot
$1,205 4.7% YOY /
8.8% QOQ
Average Days on the Market
19
39% YOY /
54% QOQ
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Dear Neighbors, At the end of Q2 2019, year over year sales statistics for Mission Bay were positive; average price +6.3% ($1.398 Million), average price per square foot +4.7% ($1,205/sf) and days on the market reduced 29% (19 days). A year over year decline in number of transactions (29 in Q2) and increase in price indicate a tighter market for Mission Bay. The Beacon led the way in number of transactions with 10 in Q2, with Madrone following behind with 7. Only a few new homes remain at One Mission Bay, and the first resales have appeared. Rents remain strong. Interest rates are significantly lower than they were a year ago, and are anticipated to continue to be historically low through the remainder of the year. The foreign national all cash buyer (ie China money) has dropped to normal levels. The majority of the standard 6 month employee lock up periods for the successfull 2019 Bay Area IPOs should end by Q1 2020. Their effect on the market will be positive. The Warriors new home at the Chase Center is scheduled to open in the new year and Mission Bay is quickly fulfilling it’s promise of becoming a quintessential work / live neighborhood for young families. We anticipate resale condominium pricing to be flat for the remainder of the year as new construction inventory in San Francisco is absorbed. Best Regards, Paul Hwang | Ranked #1 in South Beach | 415.216.8746 Vi Pavlicevich | Ranked #1 in Mission Bay | 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.
Š Skybox Realty Inc, 2019
3
Skybox Realty 2019 Q2 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 Q2 Solds
38 - 41
One Mission Bay
42 - 43
Who You Work With Matters
44 - 45
© Skybox Realty Inc, 2019
5
235 Berry
# of Transactions
1
---- YOY /
50% QOQ
Average Sales Price
$1,600,000 16% YOY /
17% QOQ
Average $/SF Q2
235 B ERRY
AVG $1,275/SF AVG $1,355/SF
Q1 Q4 Q3
AVG $1,161/SF AVG $1,193/SF All Data From SFARMLS
235 Berry
Average $/SF
$1,275 14% YOY /
5.9% QOQ
Average Days on Market
5
64% YOY /
Buyer Demographic
25% QOQ
235 B ERRY
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 9 Q1 © Skybox Realty Inc, 2019
2019 Q 2
7
235 Berry
112 | $1,600,000 (2BR) $1275/sf
All Data From SFARMLS
SO L D
© Skybox Realty Inc, 2019
ACTI V E
IN CONTRACT
9
255 Berry
# of Transactions
2
100% YOY /
100% QOQ
Average Sales Price
$2,337,500 140% YOY /
100% QOQ
Average $/SF
255 B ERRY
AVG $1,219/SF
Q2 Q1 Q4 Q3
AVG $1,101/SF AVG $1,200/SF All Data From SFARMLS
255 Berry
Average $/SF
$1,219 9.1% YOY /
100% QOQ
Average Days on Market
11
65% YOY /
Buyer Demographic
255 B ERRY
CA S H B UYER
No Sa les in 2 0 1 9 Q1
2 0 1 9 Q1 © Skybox Realty Inc, 2019
100% QOQ
LO A N B UYER UN K N O WN
2019 Q 2
11
255 Berry
708 | $3,200,000 (2BR) $1314/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
301 | $1,475,000 (2BR) $1123/sf
© Skybox Realty Inc, 2019
13
Arterra
# of Transactions
0
100% YOY /
100% QOQ
Average Sales Price
----
100% YOY /
Average $/SF
100% QOQ
A RTERRA
Q2 Q1
AVG $1,061/SF
Q4
AVG $1,190/SF
Q3
AVG $1,192/SF
AVG $1,516/SF
All Data From SFARMLS
300 Berry
Average $/SF
----
100% YOY /
100% QOQ
Average Days on Market
----
100% YOY /
Buyer Demographic
A RTERRA
N o S al e s i n 2019 Q 2
2 0 1 9 Q1 © Skybox Realty Inc, 2019
100% QOQ
CA S H B UYER LO A N B UYER UN K N O WN
2019 Q 2
15
Arterra
All Data From SFARMLS
SO L D
© Skybox Realty Inc, 2019
ACTI V E
IN CONTRACT
17
Park Terrace
# of Transactions
1
100% YOY /
100% QOQ
Average Sales Price
$900,000 100% YOY /
Average $/SF
100% QOQ
P A RK TERRA CE
AVG $1,325/SF
Q2 Q1 Q4 Q3
AVG $1,118/SF AVG $1,204/SF All Data From SFARMLS
325 Berry
Average $/SF
$1,325 100% YOY /
100% QOQ
Average Days on Market
0
100% YOY / ---- QOQ
Buyer Demographic
P A RK TERRA CE
CA S H B UYER
No Sa les in 2 0 1 9 Q1
2 0 1 9 Q1 © Skybox Realty Inc, 2019
LO A N B UYER UN K N O WN
2019 Q 2
19
Park Terrace
606 | $900,000 (1BR) $1325/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
606 | $1,599,000 (2BR) $1279/sf
© Skybox Realty Inc, 2019
21
The Beacon
# of Transactions
10
29% YOY /
9.1% QOQ
Average $/SF
Average Sales Price
$1,101,980 2.4% YOY /
14% QOQ
THE B EA CO N
Q2
AVG $1,080/SF
Q1
AVG $1,081/SF
Q4 Q3
AVG $1,071/SF AVG $1,057/SF All Data From SFARMLS
250 / 260 King
Average $/SF
$1,080 .9% YOY /
.1% QOQ
Average Days on Market
14
50% YOY /
Buyer Demographic
59% QOQ
THE B EA CO N
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 9 Q1 © Skybox Realty Inc, 2019
2019 Q 2
23
The Beacon
1003 | $1,399,000 (2BR) $1088/sf
1012 | $923,000 (1BR) $1039/sf
626 | $1,450,000 (2BR) $1006/sf 506 | $920,000 (1BR) $937/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
1209 | $899,800 (1BR) $1093/sf 1017 | $770,000 (1BR) $1148/sf
1011 | $980,000 (1BR) $1129/sf
877 | $1,250,000 (2BR) $1279/sf 659 | $1,499,500 (3BR) $1162/sf 505 | $1,360,000 (2BR) $914/sf
482 | $967,500 (1BR) $1097/sf
© Skybox Realty Inc, 2019
25
Madrone
# of Transactions
7
17% YOY /
600% QOQ
Average Sales Price
$1,609,270 11% YOY /
12% QOQ
Average $/SF Q2 Q1 Q4 Q3
MA D RO N E
AVG $1,164/SF AVG $1,192/SF AVG $1,199/SF AVG $1,301/SF All Data From SFARMLS
420 / 480 Mission Bay, 435 China Basin
Average $/SF
$1,164 1.7% YOY /
2.4% QOQ
Average Days on Market
25
19% YOY /
Buyer Demographic
86% QOQ
MA D RO N E
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 9 Q1 © Skybox Realty Inc, 2019
2019 Q 2
27
Madrone
717 | $1,295,000 (1BR) $1099/sf 545 | $1,689,888(2BR) $1144/sf 326 | $1,463,000 (2BR) $1090/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
1007 | $1,800,000 (2BR) $1142/sf 811 | $1,695,000 (2BR) $1354/sf
338 | $1,522,000 (2BR) $1223/sf 103 | $1,800,000 (2BR) $1097/sf
© Skybox Realty Inc, 2019
29
Radiance
# of Transactions
2
33% YOY /
100% QOQ
Average $/SF Q2
Average Sales Price
$1,417,500 2.8% YOY /
100% QOQ
RA D I A N CE
AVG $1,051/SF
Q1 Q4
AVG $1,056/SF
Q3
All Data From SFARMLS
330 Mission Bay, 325 China Basin
Average $/SF
$1,051 6.5% YOY /
100% QOQ
Average Days on Market
18
50% YOY /
Buyer Demographic
RA D I A N CE
CA S H B UYER
No Sa les in 2 0 1 9 Q1
2 0 1 9 Q1 © Skybox Realty Inc, 2019
100% QOQ
LO A N B UYER UN K N O WN
2019 Q 2
31
Radiance
413 | $1,550,000 (2BR) $1434/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
503 | $1,600,000 (2BR) $1320/sf
106 | $1,235,000 (2BR) $1051/sf
© Skybox Realty Inc, 2019
33
Arden
# of Transactions
2
66% YOY /
100% QOQ
Average Sales Price
$2,055,000 15% YOY /
32% QOQ
Average $/SF
A RD EN
AVG $1,480/SF
Q2 Q1 Q4 Q3
AVG $1,194/SF AVG $1,274/SF AVG $1,123/SF All Data From SFARMLS
718 / 738 Long Bridge
Average $/SF
$1,480 18% YOY /
24% QOQ
Average Days on Market
32
39% YOY /
Buyer Demographic
42% QOQ
A RD EN
CA S H B UYER LO A N B UYER UN K N O WN
2 0 1 9 Q1 © Skybox Realty Inc, 2019
2019 Q 2
35
Arden
1506 | $2,400,000 (3BR) $1483/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
1301 | $1,710,000 (2BR) $1477/sf
© Skybox Realty Inc, 2019
37
Skybox Realty 2019 Q2 Report
2019 Q2 Sales Address
BR / BA
SQFT
260 King 1017
1/1
671
260 King 1209
1/1
823
325 Berry 606
1/1
679
110 Channel 202
1/1
630
250 King 506
1/1
982
250 King 1012
1/1
888
250 King 482
1/1
868
260 King 1011
1/1
767
1000 3rd 918
1/1
730
1000 3rd 204
1/1
759
110 Channel 210
1/1
1,175
325 China Basin 106
2/2
977
260 King 877
2/2
1,178
480 Mission Bay 717
1 / 1.5
1,488
260 King 505
2/2
1,442
250 King 626
2/2
1,342
435 China Basin 326
2/2
1,313
255 Berry 301
3 /2
1,290
260 King 659
2/2
1,244
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
$770,000
$1,147.54
100.00
$899,800
$1,093.32
105.98
$900,000
$1,325.48
100.11
$915,000
$1,452.38
101.89
$920,000
$936.86
108.24
$923,000
$1,039.41
100.54
$967,500
$1,096.94
102.93
$980,000
$1,129.03
109.01
$1,012,000
$1,319.43
102.43
$1,098,000
$1,504.11
102.81
$1,110,000
$1,462.45
102.78
$1,235,000
$1,051.06
98.88
$1,250,000
$1,279.43
104.25
$1,295,000
$1,099.32
100.00
$1,360,000
$913.98
97.14
$1,450,000
$1,005.55
101.75
$1,463,000
$1,090.16
100.97
$1,475,000
$1,123.48
100.00
$1,499,500
$1,162.40
100.67
Š Skybox Realty Inc, 2019
39
Skybox Realty 2019 Q2 Report
2019 Q2 Sales Address
BR / BA
SQFT
435 China Basin 338
2/2
1,244
330 Mission Bay 503
2/2
----
235 Berry 112
2 / 2.5
1,255
435 China Basin 545
2/2
1,477
480 Mission Bay 811
2/2
1,252
738 Long Bridge 1301
2/2
1,158
480 Mission Bay 1007
2/2
1,576
420 Mission Bay 103
2 / 2.5
1,641
738 Long Bridge 1506
3/2
1,618
255 Berry 708
2 / 2.5
2,435
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
$1,522,000
$1,223.47
95.18
$1,600,000
----
103.29
$1,600,000
$1,274.90
110.34
$1,689,888
$1,144.14
96.57
$1,695,000
$1,353.83
100.00
$1,710,000
$1,476.68
99.13
$1,800,000
$1,142.13
100.00
$1,800,000
$1,096.89
97.93
$2,400,000
$1,483.31
97.96
$3,200,000
$1,314.17
100.16
Š Skybox Realty Inc, 2019
41
Skybox Realty 2019 Q2 Report
One Mission Bay Developer
CIM
# of Units
# in C
350
33
* 1604 | $1,988,888 (2BR) $1922/sf 1501 | $3,800,000 (3BR) $1923/sf 1307 | $3,700,000 (3BR) $1449/sf
912 | $1,740,000 (2BR) $1364/sf 812 | $1,710,000 (2BR) $1340/sf
* 406 | $1,688,888 (2BR) $1578/sf 303 | $1,890,000 (2BR) $1532/sf 203 | $1,695,000 (3BR) $1332/sf * 204 | $1,098,000 (1BR) $1504/sf
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
SOL D
Contract / Sold
36+
ACTI V E
IN CONTRACT
Monthly Absorption
9.5 Units 1401 | $3,700,000 (3BR) $1872/sf 1302 | $3,700,000 (3BR) $2025/sf 1107 | $2,100,000 (3BR) $1281/sf 918 | $1,012,000 (1BR) $1319/sf
*
602 | $1,875,000 (2BR) $1422/sf 514 | $1,560,000 (2BR) $1302/sf 201 | $1,198,000 (1BR) $1406/sf 202 | $915,000 (1BR) $1452/sf 210 | $1,110,000 (1BR) $1462/sf
* = Resale Units © Skybox Realty Inc, 2019
43
* * *
Skybox Realty 2019 Q2 Report
Paul Hwang
South Beach Average Sales Price 2019
2018
2017
$1.1M
Paul Hwang (+26%) Other Brokers Paul Hwang Other Brokers Paul Hwang Others
$1.3M
$1.5M
$1.7M
$1.9M
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 (+18%)
2019
Other Brokers Paul Hwang
2018
Other Brokers Paul Hwang
2017
Other Brokers
$700
$900
© Skybox Realty Inc, 2019
$1100
$1300
$1500
45
Paul Hwang Ranked #1 in South Beach 415.216.8746 | dre 01371169 paul@skyboxrealty.com
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