2019 Q3 Condo Report Mission Bay Paul Hwang | Ranked #1 in South Beach
Mission Bay 2019 Q3 # of Transactions
17
19% YOY /
41% QOQ
Average Sales Price
$1,489,388 4.8% YOY /
6.5% QOQ
Average Price per Square Foot
$1,289 12% YOY /
6.9% QOQ
Average Days on the Market
24
40% YOY /
26% QOQ
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Dear Neighbors, Q3 showed signs of weakness for the Mission Bay condo market with a mere 17 units trading hands, a decrease of -41% over Q2. Year over year sales paralleled with -19% decline. Year over year average price per square foot was strong at +12%. Inventory is up with 25 units listed for sale. One Mission Bay is almost completely sold out. California Assembly Bill 1482 passed, limiting rent increased to 5% + CPI up to 10% max. This should have little effect on sales demand for the high rent of Mission Bay. The Chase Center has awed in its sparkly debut! Bruce Bochy retired; adios amigo & gracias. Mission Rock has begun its significant build upwards. Our neighborhood’s identity has emerged as a clean, forward thinking, modern, family friendly neighborhood. Streets are crowded with construction, vehicles & pedestrians. The lock up period for 2019 IPOs has begun to end. Q4 sales will be an important indicator for 2020. Please contact me for a personalized analysis of your property needs. Best Regards, Paul Hwang | Skybox Realty | Ranked #1 in Mission Bay | 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.
Š Skybox Realty Inc, 2019
3
Skybox Realty 2019 Q3 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 Q3 Solds
38 - 39
One Mission Bay
40 - 41
Who You Work With Matters
42 - 43
© Skybox Realty Inc, 2019
5
235 Berry
706 | $1,895,000 (2BR) $1192/sf
404 | $1,360,000 (2BR) $1271sf
113 | $1,600,000 (2BR) $1275/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
408 | $1,595,000 (2BR) $1123/sf
© Skybox Realty Inc, 2019
7
235 Berry
# of Transactions
2
100% YOY /
100% QOQ
Average Sales Price
$1,480,000 18% YOY /
7% QOQ
* Median Price $1,480,000
Price Per SF Q3
$1273/SF
Q2
$1,275/SF
Q1
$1,355/SF
Q4
$1,161/SF $1150
A VG $/ S F
$1250
MED I A N $/S F
$1350
$1450
All Data From SFARMLS
235 Berry
Average $/SF
$1,273 6.1% YOY /
Average Days on Market
17
.2% QOQ
Buyer Demographic
2 0 1 9 Q1
© Skybox Realty Inc, 2019
31% YOY /
CASH
2019 Q 2
240% QOQ
LO A N
UN K N O WN
2019 Q 3
9
255 Berry
608 | $2,995,000 (3BR) $1196/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
606 | $1,520,000 (2BR) $1199/sf
© Skybox Realty Inc, 2019
11
255 Berry
# of Transactions
1
---- YOY /
50% QOQ
Average Sales Price
$1,520,000 21% YOY /
35% QOQ
* Median Price $1,520,000
Price Per SF Q3
$1,199/SF
Q2
$1,219/SF
A VG $/ S F
MED I A N $/S F
Q1 Q4
$1,101/SF $950
$1050
$1150
$1250
All Data From SFARMLS
255 Berry
Average $/SF
$1,199 .01% YOY /
Average Days on Market
28
1.7% QOQ
Buyer Demographic
115% YOY /
CASH
155% QOQ
LO A N
UN K N O WN
N o Sa les in 2 0 1 9 Q1
2 0 1 9 Q1
© Skybox Realty Inc, 2019
2019 Q 2
2019 Q 3
13
Arterra
1201 | $1,400,000 (2BR) $1200/sf
904 | $1,025,000 (1BR) $1204/sf 811 | $1,195,000 (1BR) $----/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
508 | $1,400,000 (2BR) $1362/sf 445 | $1,485,000 (2BR) $1197/sf
© Skybox Realty Inc, 2019
15
Arterra
# of Transactions
1
---- YOY /
100% QOQ
Average Sales Price
$1,400,000 70% YOY /
100% QOQ
* Median Price $1,515,000
Price Per SF Q3
A VG $/ S F
MED I A N $/S F
$1,362/SF
Q2 Q1
$1,516/SF
Q4
$1,062/SF $950
$1150
$1350
$1550
All Data From SFARMLS
300 Berry
Average $/SF
$1,362 14% YOY /
100% QOQ
Buyer Demographic
Average Days on Market
5
---- YOY /
CASH
100% QOQ
LO A N
UN K N O WN
N o S al e s i n 2019 Q 2
2 0 1 9 Q1
© Skybox Realty Inc, 2019
2019 Q 2
2019 Q 3
17
Park Terrace
620 | $1,675,000 (2BR) $1340/sf
All Data From SFARMLS
SO L D
© Skybox Realty Inc, 2019
ACTI V E
IN CONTRACT
19
Park Terrace
# of Transactions
1
50% YOY / ---- QOQ
Average Sales Price
$1,675,000 29% YOY /
86% QOQ
* Median Price $1,515,000
Price Per SF Q3
$1,340/SF
Q2
$1,325/SF
A VG $/ S F
MED I A N $/S F
Q1 Q4
$1,118/SF $1100
$1200
$1300
$1400
All Data From SFARMLS
325 Berry
Average $/SF
$1,340 11% YOY /
Average Days on Market
10
1.1% QOQ
Buyer Demographic
29% YOY /
CASH
100% QOQ
LO A N
UN K N O WN
N o Sa les in 2 0 1 9 Q1
2 0 1 9 Q1
© Skybox Realty Inc, 2019
2019 Q 2
2019 Q 3
21
The Beacon
461 | $768,000 (1BR) $1243/sf
1016 | $1,688,000 (2BR) $1189/sf 858 | $1,295,000 (2BR) $1065/sf 626 | $1,495,000 (2BR) $1037/sf
850 | $844,500 (1BR) $1060/sf 706 | $898.000 (1BR) $942/sf 672 | $1,260,000 (2BR) $1101/sf
406 | $988,888 (1BR) $1007/sf
426 | $1,499,000 (2BR) $1040/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
1603 | $1,720,000 (2BR) $1337/sf 1517 | $799,000 (0BR) $1191/sf 1315 | $920,000 (1BR) $1019/sf 1215 | $960,000 (1BR) $1063/sf 1003 | $1,450,000 (2BR) $1128/sf 819 | $1,198,000 (2BR) $1100/sf 717 | $799,000 (0BR) $1053/sf
713 | $182,818 (1BR) bmr
533 | $838,000 (1BR) $1151/sf 407 | $1,051,000 (1BR) $1173/sf
445 | $865,000 (1BR) $1169/sf
© Skybox Realty Inc, 2019
23
The Beacon
# of Transactions
5
29% YOY /
50% QOQ
Average Sales Price
$1,049,200 3.8% YOY /
4.8% QOQ
* Median Price $960,000
Price Per SF Q3
$1,110/SF
Q2
$1,080/SF
Q1
$1,081/SF
Q4
$1,071/SF $850
A VG $/ S F
$950
MED I A N $/S F
$1050
$1150
All Data From SFARMLS
250 / 260 King
Average $/SF
$1,110 5.1% YOY /
Average Days on Market
21
2.8% QOQ
Buyer Demographic
2 0 1 9 Q1
© Skybox Realty Inc, 2019
38% YOY /
CASH
2019 Q 2
50% QOQ
LO A N
UN K N O WN
2019 Q 3
25
Madrone
711 | $1,685,000 (2BR) $1346/sf
202 | $1,099,000 (1BR) $1183/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
320 | $1,398,000 (2BR) $1192/sf 101 | $1,200,000 (1BR) $1196/sf
© Skybox Realty Inc, 2019
27
Madrone
# of Transactions
0
100% YOY /
100% QOQ
Average Sales Price
----
100% YOY /
100% QOQ
* Median Price $1,515,000
Price Per SF
A VG $/ S F
MED I A N $/S F
Q3 Q2
$1,164/SF
Q1
$1,192/SF
Q4
$1,199/SF $900
$1000
$1100
$1200
All Data From SFARMLS
420 / 480 Mission Bay, 435 China Basin
Average $/SF
----
100% YOY /
Average Days on Market
----
100% QOQ
Buyer Demographic
100% YOY /
CASH
100% QOQ
LO A N
UN K N O WN
No Sales in 2019 Q 3
2 0 1 9 Q1
© Skybox Realty Inc, 2019
2019 Q 2
2019 Q 3
29
Radiance
413 | $1,560,000 (2BR) $1582/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
416 | $1,995,000 (3BR) $1107/sf
103 | $1,275,000 (2BR) $1095/sf
© Skybox Realty Inc, 2019
31
Radiance
# of Transactions
1
---- YOY /
50% QOQ
Average Sales Price
$1,560,000 25% YOY /
10% QOQ
* Median Price $1,560,000
Price Per SF Q3
$1,582/SF
Q2
$1,051/SF
A VG $/ S F
MED I A N $/S F
Q1 Q4
$1,056/SF $1000
$1200
$1400
$1600
All Data From SFARMLS
330 Mission Bay, 325 China Basin
Average $/SF
$1,582 34% YOY /
Average Days on Market
33
51% QOQ
Buyer Demographic
11% YOY /
CASH
83% QOQ
LO A N
UN K N O WN
N o Sa les in 2 0 1 9 Q1
2 0 1 9 Q1
© Skybox Realty Inc, 2019
2019 Q 2
2019 Q 3
33
Arden
802 | $1,930,000 (2BR) $----/sf 715 | $1,699,000 (2BR) $1366/sf
All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
712 | $2,871,700 (3BR) $1476/sf
217 | $1,705,000 (2BR) $1305/sf
© Skybox Realty Inc, 2019
35
Arden
# of Transactions
2
50% YOY / ---- QOQ
Average Sales Price
$2,288,350 53% YOY /
11% QOQ
* Median Price $1,515,000
Price Per SF Q3
$1,390/SF
Q2
$1,480/SF
Q1
$1,194
A VG $/ S F
MED I A N $/S F
Q4 $1250
$1350
$1450
$1550
All Data From SFARMLS
708 / 7 260 King St #445 Mission Bay 1
1
1,168.92
799,000
09/27/19
Average $/SF
$1,390 24% YOY /
758.75
2 0 1 9 Q1
© Skybox Realty Inc, 2019
740
Average Days on Market
24
6.1% QOQ
Buyer Demographic
45
1
66% YOY /
CASH
2019 Q 2
25% QOQ
LO A N
UN K N O WN
2019 Q 3
37
Skybox Realty 2019 Q3 Report
2019 Q3 Sales Address
BR / BA
SQFT
260 King 445
1/1
740
260 King 1315
1/1
903
260 King 1215
1/1
903
260 King 407
1/1
896
110 Channel 321
1/1
759
235 Berry 404
2/2
1,070
300 Berry 508
2/2
1,028
260 King 1003
2/2
1,286
255 Berry 606
2/2
1,268
325 China Basin 413
2/2
986
235 Berry 113
2 / 2.5
1,255
325 Berry 620
2/2
1,250
718 Long Bridge 217
2/2
1,307
1000 3rd 1604
2/2
1,035
708 Long Bridge 712
3/3
1,945
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
$865,000
$1,168.92
108.26
$920,000
$1,018.83
102.34
$960,000
$1,063.12
103.45
$1,051,000
$1,172.99
110.75
$1,125,000
$1,482.21
100.63
$1,360,000
$1,271.03
105.02
$1,400,000
$1,361.87
100.36
$1,450,000
$1,127.53
103.65
$1,520,000
$1,198.74
100.00
$1,560,000
$1,582.15
100.65
$1,600,000
$1,274.90
101.59
$1,675,000
$1,340.00
104.75
$1,705,000
$1,304.51
100.59
$2,080,000
$2,009.66
104.58
$2,871,700
$1,476.45
104.43
Š Skybox Realty Inc, 2019
39
Skybox Realty 2019 Q3 Report
One Mission Bay Developer
CIM
# of Units
# in C
350
33
* 1604 | $2,080,000 (2BR) $2010/sf
1307 | $2,375,000 (3BR) $1449/sf
912 | $1,740,000 (2BR) $1364/sf 921 | $1,665,000 (2BR) $1419/sf 812 | $1,680,000 (2BR) $1317/sf
* 321 | $1,125,000 (1BR) $1482/sf
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
SOL D
Contract / Sold
39+
ACTI V E
IN CONTRACT
Monthly Absorption
8.5 Units 1401 | $3,664,278 (3BR) $1854/sf 1306 | $1,950,000 (2BR) $1539/sf 1202 | $3,635,000 (3BR) $1990/sf
902 | $1,980,000 (2BR) $1501/sf
514 | $1,560,000 (2BR) $1302/sf 303 | $1,890,000 (2BR) $1532/sf
* = Resale Units © Skybox Realty Inc, 2019
41
*
Skybox Realty 2019 Q3 Report
Paul Hwang
Mission Bay Average Sales Price Skybox Realty (+33%)
2019
Other Brokers Skybox Realty
2018
Other Brokers
2017
Skybox Realty Others
$1M
$1.2M
$1.4M
$1.6M
$1.8M
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
“
Paul doesn’t just know the market, he is the market. - Isaac S
“
Mission Bay Average Price per Square Foot Skybox Realty (+11%)
2019
Other Brokers Skybox Realty
2018
Other Brokers Skybox Realty
2017
Other Brokers
$900
$1000
© Skybox Realty Inc, 2019
$1100
$1200
$1300
43
Paul Hwang Ranked #1 in South Beach 415.216.8746 | dre 01371169 paul@skyboxrealty.com
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