2021 Q1 Condo Report / Mission Bay

Mission Bay

Condo Report 2021 Q1

Vi Pavlicevich | Ranked #1 in Mission Bay 415.828.1114 | vi@skyboxrealty.com

Skybox Realty 2021 Q1 Report

Hello Neighbors!

Activity in San Francisco real estate typically picks up in the Springtime, but this year was different. Buyers were active starting in December, and the momentum continued into 2021.

In the graph below, you’ll see an evident increase in the number of homes sold in Mission Bay this year. The numbers are trending upwards, and this is exciting! Buyers are back in San Francisco, and they’re active! Although buyers are still cautious and taking their time to shop around, we’re seeing multiple offers and over-asking offers on well-priced homes again in Mission Bay. 90 80 70 60 50 JAN 2020

JAN 2021

The year started strong, however, we are expecting to see an increase in inventory soon. Between August to December 2020, 85 homes were withdrawn/canceled in Mission Bay. This means 85 homes were put on MLS in the Spring/Summer, but couldn’t sell, so Sellers pulled the home from the market later in the year. Some of those homes were rented out, but many are expected to come back on MLS this Spring. In the last decade, this is the highest number of withdrawn/canceled homes in Mission Bay in a given year. The expected increase in condo inventory could cause prices to steady in the coming months. If you’re thinking of selling, now may be a good time to prep your home for sale before more inventory comes to market.

A revival is happening, and it’s so wonderful to see the city come back to life in recent months.

Your Mission Bay Specialist, Vi Pavlicevich | 415.828.1114

All Data From SFARMLS

Vi Pavlicevich | 415.828.114 | vi@skyboxrealty.com

Table of Contents Mission Bay Q1 Snapshot

5

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

One Mission Bay

38 - 41

2021 Q1 Solds

42 - 45

Who You Work With Matters

46 - 47

© Skybox Realty Inc, 2021

3

Oracle Park E N TH CO A BE

Ch in a Ba sin Pa rk

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5 23 RRY BE

ONE BAY MISSION

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MISSION BAY SO UT H ST O W EN S ST

UCSF Mission Bay

The Chase Center

I 280

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M ISS ISS IP PI ST

M ar ip os a Pa rk M AR IP O SA ST

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UCSF Medical Center

Vi Pavlicevich | 415.828.114 | vi@skyboxrealty.com

Mission Bay 2021 Q1 # of Transactions

45

165% YOY /

96% QOQ

Average Sales Price

$1,256,956 10% YOY /

3.7% QOQ

* Median Price $1,200,000

Average Price per Square Foot

$1,101 24% YOY /

1.9% QOQ

Average Days on the Market

59

5.4% YOY /

20% QOQ

© Skybox Realty Inc, 2021

5

235 Berry

610 | $1,595,000 (2BR) $1164/sf

109 | $1,650,000 (3BR) $1100/sf

All Data From SFARMLS

OFF MAR KET

SO L D

ACTI V E

IN CONTRACT

305 | $1,251,000 (2BR) $1000/sf

© Skybox Realty Inc, 2021

7

235 Berry

# of Transactions

3

100% YOY /

100% QOQ

Average Sales Price

$1,498,667 100% YOY /

100% QOQ

* Median Price $1,595,000

Price Per SF Q1

A VG $/ S F

MED I A N $/S F

$1,088/SF

Q4 Q3

$1,065/SF

Q2 $800

$900

$1000

$1100

All Data From SFARMLS

235 Berry

Average $/SF

$1,088 100% YOY /

Average Days on Market

64

100% QOQ

Buyer Demographic

100% YOY /

CASH

100% QOQ

LO A N

UN K N O WN

N o S al e s i n 2020 Q 4

2 0 2 0 Q3

© Skybox Realty Inc, 2021

2020 Q 4

2021 Q 1

9

255 Berry

708 | $2,995,000 (2BR) $1230/sf 511 | $1,260,000 (2BR) $1122/sf 402 | $1,175,000 (2BR) $1159/sf

107 | $1,707,600 (4BR) $1000/sf 115 | $1,695,000 (3BR) $993/sf

All Data From SFARMLS

OFF MAR KET

SO L D

ACTI V E

IN CONTRACT

518 | $1,199,000 (2BR) $1142/sf 403 | $1,302,000 (2BR) $1009/sf 311 | $1,200,000 (2BR) $1129/sf 106 | $1,695,000 (3BR) $984/sf

© Skybox Realty Inc, 2021

11

255 Berry

# of Transactions

6

100% YOY /

500% QOQ

Average Sales Price

$1,389,933 100% YOY /

1.6% QOQ

* Median Price $1,281,000

Price Per SF Q1

$1,056/SF

Q4

$1,068/SF

Q3

$1,123/SF

Q2

$1,169/SF $900

A VG $/ S F

$1000

MED I A N $/S F

$1100

$1200

All Data From SFARMLS

255 Berry

Average $/SF

$1,056 100% YOY /

Average Days on Market

72

1.2% QOQ

Buyer Demographic

2 0 2 0 Q3

© Skybox Realty Inc, 2021

100% YOY /

CASH

2020 Q 4

100% QOQ

LO A N

UN K N O WN

2021 Q 1

13

Arterra

1502 | $820,000 (1BR) $1126/sf 1303 | $840,000 (1BR) $1148/sf

614 | $710,000 (1BR) $1069/sf

All Data From SFARMLS

OFF MAR KET

SO L D

ACTI V E

IN CONTRACT

1504 | $895,000 (1BR) $1046/sf

716 | $690,000 (1BR) $1036/sf

409 | $927,000 (2BR) $1196/sf

© Skybox Realty Inc, 2021

15

Arterra

# of Transactions

6

200% YOY /

100% QOQ

Average Sales Price

$813,667 32% YOY /

4.2% QOQ

* Median Price $830,000

Price Per SF Q1

$1,103/SF

Q4

$1,068/SF

Q3

$1,224/SF

Q2

$1,323/SF $1050

A VG $/ S F

$1150

MED I A N $/S F

$1250

$1350

All Data From SFARMLS

300 Berry

Average $/SF

$1,103 8.4% YOY /

Average Days on Market

45

3.3% QOQ

Buyer Demographic

2 0 2 0 Q3

© Skybox Realty Inc, 2021

73% YOY /

CASH

2020 Q 4

29% QOQ

LO A N

UN K N O WN

2021 Q 1

17

Park Terrace

716 | $1,320,000 (2BR) $1093/sf 616 | $1,275,000 (2BR) $1055/sf 414 | $900,000 (1BR) $1055/sf

All Data From SFARMLS

OFF MAR KET

SO L D

© Skybox Realty Inc, 2021

ACTI V E

IN CONTRACT

19

Park Terrace

# of Transactions

3

200% YOY /

200% QOQ

Average Sales Price

$1,165,000 14% YOY /

38% QOQ

* Median Price $1,275,000

Price Per SF Q1

$1,068/SF

Q4

$1,324/SF

Q3

$1,059/SF

Q2

$1,215/SF $1050

A VG $/ S F

$1150

MED I A N $/S F

$1250

$1350

All Data From SFARMLS

325 Berry

Average $/SF

$1,068 11% YOY /

Average Days on Market

27

19% QOQ

Buyer Demographic

2 0 2 0 Q3

© Skybox Realty Inc, 2021

100% YOY /

CASH

2020 Q 4

82% QOQ

LO A N

UN K N O WN

2021 Q 1

21

The Beacon

729 | $660,000 (0BR) $1100/sf 525 | $999,000 (2BR) $1020/sf 513 | $715,000 (1BR) $878/sf 535 | $1,219,000 (2BR) $991/sf

917 | $630,000 (1BR) $873/sf 881 | $665,000 (1BR) $950/sf 771 | $999,950 (2BR) $1013/sf 607 | $798,888 (1BR) $892/sf 565 | $935,000 (2BR) $863/sf 457 | $969,000 (1BR) $878/sf

1606 | $925,000 (1BR) $942/sf 1504 | $649,000 (1BR) $1091/sf

906 | $920,000 (1BR) $937/sf 848 | $780,000 (1BR) $977/sf 760 | $819,000 (1BR) $901/sf 634 | $755,000 (1BR) $993/sf

368 | $610,000 (1BR) $1030/sf

All Data From SFARMLS

OFF MAR KET

SO L D

ACTI V E

IN CONTRACT

1415 | $875,000 (1BR) $967/sf

747 | $680,000 (1BR) $987/sf 645 | $685,000 (1BR) $926/sf 545 | $775,000 (1BR) $1047/sf 487 | $1,350,000 (2BR) $1004/sf

779 | $999,000 (2BR) $1003/sf 665 | $986,000 (2BR) $910/sf 574 | $914,000 (2BR) $828/sf

960 | $799,000 (1BR) $879/sf

912 | $799,000 (1BR) $900/sf

726 | $1,249,000 (2BR) $866/sf 604 | $699,000 (1BR) $1191/sf 553 | $599,999 (1BR) $1079/sf

780 | $1,135,000 2BR) $994/sf 532 | $765,000 (1BR) $1068/sf

268 | $595,000 (1BR) $1005/sf

© Skybox Realty Inc, 2021

23

The Beacon

# of Transactions

11

38% YOY /

120% QOQ

Average Sales Price

$870,364 10% YOY /

.2% QOQ

* Median Price $775,000

Price Per SF Q1

$924/SF

Q4

$922/SF

Q3

$931/SF

Q2

$1,128/SF $850

A VG $/ S F

$950

MED I A N $/S F

$1050

$1150

All Data From SFARMLS

250 / 260 King

Average $/SF

$924 11% YOY /

Average Days on Market

57

.1% QOQ

Buyer Demographic

2 0 2 0 Q3

© Skybox Realty Inc, 2021

16% YOY /

CASH

2020 Q 4

21% QOQ

LO A N

UN K N O WN

2021 Q 1

25

Madrone

1403 | $1,799,000 (2BR) $1152/sf 1201 | $2,445,000 (3BR) $1273/sf 1106 | $1,775,000 (2BR) $1190/sf

811 | $1,830,000 (2BR) $1462/sf

547 | $1,869,000 (2BR) $1109/sf 333 | $1,399,000 (2BR) $1245/sf 213 | $998,000 (1BR) $1184/sf

All Data From SFARMLS

OFF MAR KET

SO L D

ACTI V E

IN CONTRACT

902 | $1,725,000 (2BR) $1310/sf 704 | $1,160,000 (1BR) $1230/sf 602 | $1,795,000 (2BR) $1358/sf 544 | $1,718,000 (2BR) $1252/sf

113 | $975,000 (1BR) $1100/sf

© Skybox Realty Inc, 2021

27

Madrone

# of Transactions

4

300% YOY /

100% QOQ

Average Sales Price

$1,935,000 18% YOY /

100% QOQ

* Median Price $1,785,000

Price Per SF Q1

A VG $/ S F

MED I A N $/S F

$1,283/SF

Q4 Q3

$1,257/SF

Q2 $1150

$1250

$1350

$1450

All Data From SFARMLS

420 / 480 Mission Bay, 435 China Basin

Average $/SF

$1,283 10% YOY /

Average Days on Market

87

100% QOQ

Buyer Demographic

123% YOY /

CASH

100% QOQ

LO A N

UN K N O WN

N o S al e s i n 2020 Q 4

2 0 2 0 Q3

© Skybox Realty Inc, 2021

2020 Q 4

2021 Q 1

29

Radiance

903 | $1,498,000 (2BR) $1401/sf

All Data From SFARMLS

OFF MAR KET

SO L D

ACTI V E

IN CONTRACT

901 | $1,105,000 (1BR) $1098/sf

506 | $1,299,000 (2BR) $1264/sf

201 | $1,280,000 (2BR) $1182/sf 116 | $1,599,000 (2BR) $1019/sf

© Skybox Realty Inc, 2021

31

Radiance

# of Transactions

1

---- YOY /

50% QOQ

Average Sales Price

$1,105,000 12% YOY /

43% QOQ

* Median Price $1,105,000

Price Per SF Q1

$1,098/SF

Q4

$1,132/SF

A VG $/ S F

MED I A N $/S F

Q3 Q2

$1,066/SF $900

$1000

$1100

$1200

All Data From SFARMLS

330 Mission Bay, 325 China Basin

Average $/SF

$1,098 14% YOY /

Average Days on Market

6

3.1% QOQ

Buyer Demographic

93% YOY /

CASH

43% QOQ

LO A N

UN K N O WN

N o Sa les in 2 0 2 0 Q3

2 0 2 0 Q3

© Skybox Realty Inc, 2021

2020 Q 4

2021 Q 1

33

Arden

1605 | $2,698,888 (2BR) $1720/sf 1503 | $2,798,000 (3BR) $1486/sf

1207 | $2,290,000 (3BR) $1373/sf

610 | $1,599,000 (2BR) $1222/sf 514 | $2,900,000 (3BR) $1481/sf 306 | $1,725,000 (2BR) $1120/sf 216 | $1,700,000 (2BR) $1235/sf

All Data From SFARMLS

OFF MAR KET

SO L D

ACTI V E

IN CONTRACT

1410 | $1,900,000 (2BR) $1374/sf 1311 | $1,399,000 (2BR) $1465/sf

708 | $1,658,000 (2BR) $1334/sf 500 | $1,763,000 (2BR) $1328/sf 511 | $1,585,000 (2BR) $1246/sf 323 | $1,050,000 (1BR) $1193/sf 211 | $1,295,000 (1BR) $1114/sf

© Skybox Realty Inc, 2021

35

Arden

# of Transactions

6

200% YOY /

20% QOQ

Average Sales Price

$1,928,833 4.5% YOY /

3.1% QOQ

* Median Price $1,744,000

Price Per SF Q1

$1,310/SF

Q4

$1,253/SF

Q3

$1,259/SF

Q2

$1,131/SF $1100

A VG $/ S F

$1200

MED I A N $/S F

$1300

$1400

All Data From SFARMLS

708 / 718 Long Bridge

Average $/SF

$1,310 2.9% YOY /

Average Days on Market

56

4.5% QOQ

Buyer Demographic

2 0 2 0 Q3

© Skybox Realty Inc, 2021

195% YOY /

CASH

2020 Q 4

33% QOQ

LO A N

UN K N O WN

2021 Q 1

37

One Mission Bay Resales

1106 | $1,299,900 (2BR) $1026/sf 906 | $1,395,000 (2BR) $1207/sf 818 | $1,028,818 (1BR) $1331/sf 611 | $1,525,000 (2BR) $1315/sf 508 | $1,038,000 (1BR) $1251/sf 409 | $1,048,000 (1BR) $1273/sf

511 | $1,950,00

104 | $1,328,000 (2BR) $1289/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

I N C O NT R A C T

1506 | $1,699,000 (2BR) $1341/sf 1406 | $1,608,000 (2BR) $1261/sf

00 (3BR) $----/sf

© Skybox Realty Inc, 2021

820 | $1,015,000 (1BR) $1262/sf 607 | $1,450,000 (2BR) $995/sf 614 | $1,415,000 (2BR) $1181/sf 528 | $1,034,600 (1BR) $1242/sf 412 | $999,000 (1BR) $1302/sf

39

One Mission Bay Resales

# of Transactions

3

50% YOY /

200% QOQ

Average Sales Price

$1,221,139 12% YOY /

29% QOQ

* Median Price $1,034,600

Price Per SF Q1

$1,278/SF

Q4

$1,237/SF

Q3

$1,292/SF

Q2

$1,402/SF $1200

A VG $/ S F

$1300

MED I A N $/S F

$1400

$1500

All Data From SFARMLS

1000 3rd, 110 Channel

Average $/SF

$1,278 15% YOY /

Average Days on Market

107

3.3% QOQ

Buyer Demographic

2 0 2 0 Q3

© Skybox Realty Inc, 2021

723% YOY /

CASH

2020 Q 4

4.5% QOQ

LO A N

UN K N O WN

2021 Q 1

41

Skybox Realty 2021 Q1 Report

2021 Q1 Sales Address

BR / BA

SQFT

260 King 917 260 King 881 260 King 747 260 King 645 300 Berry 716 300 Berry 614 260 King 513 260 King 545 300 Berry 1502 300 Berry 1303 300 Berry 1504 325 Berry 414 250 King 574 300 Berry 409 260 King 565 260 King 665 1000 3rd 818 110 Channel 528 330 Mission Bay 901 255 Berry 402 255 Berry 311 250 King 726 235 Berry 305

1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 1 1 1 2 2 2 2

722 665 689 740 666 664 814 740 728 732 856 853 1104 775 1083 1083 828 833 904 1014 1063 1442 1251

/1 /1 /1 /1 /1 /1 /1 /1 /1 /1 /1 /1 / 1.5 /1 /2 /2 /1 /1 /1 /2 /2 /2 /2

All Data From SFARMLS

Vi Pavlicevich | 415.828.114 | vi@skyboxrealty.com

* Only showing sold homes in buildings featured in this book. Does not include new construction.

Sale Price

$/SF

% Sale/List

$630,000 $655,000 $680,000 $685,000 $690,000 $710,000 $715,000 $775,000 $820,000 $840,000 $895,000 $900,000 $914,000 $927,000 $935,000 $986,000 $1,020,818 $1,034,600 $1,105,000 $1,175,000 $1,200,000 $1,249,000 $1,251,000

$872.58 $984.96 $986.94 $925.68 $1,036.04 $1,069.28 $878.38 $1,047.30 $1,126.37 $1,147.54 $1,045.56 $1,055.10 $827.90 $1,196.13 $863.34 $910.43 $1,330.92 $1,242.02 $1,098.41 $1,158.78 $1,128.88 $866.16 $1,000.00

97.67 98.50 98.69 98.00 98.71 98.61 95.46 98.23 100.00 99.06 94.21 100.00 96.31 99.14 99.47 98.70 99.30 100.54 111.06 98.00 109.19 92.59 105.30

© Skybox Realty Inc, 2021

43

Skybox Realty 2021 Q1 Report

2021 Q1 Sales cont...

Address

BR / BA

SQFT

255 Berry 511 325 Berry 616 325 Berry 716 260 King 487 708 Long Bridge 511 235 Berry 610 1000 3rd 1406 235 Berry 109 255 Berry 106 718 Long Bridge 216 255 Berry 107 420 Mission Bay Blvd 902 708 Long Bridge 306 718 Long Bridge 500 480 Mission Bay 1106 420 Mission Bay Blvd 602 708 Long Bridge 1410 420 Mission Bay Blvd 1201 708 Long Bridge 514

2 2 2 2 2 2 2 3 3 2 4 2 2 2 2 2 2 3 3

---1208 1208 1344 1272 1370 1275 1500 1723 1376 1707 1317 1438 1328 1492 1322 1383 1921 1958

/ / / / / / / / / / / / / / / / / / /

2 2 2 2 2 2 2 3 3 2 3 2 2 2 2 2 2 2 3

All Data From SFARMLS

Vi Pavlicevich | 415.828.114 | vi@skyboxrealty.com

* Only showing sold homes in buildings featured in this book. Does not include new construction.

Sale Price

$/SF

% Sale/List

$1,260,000 $1,275,000 $1,320,000 $1,350,000 $1,585,000 $1,595,000 $1,608,000 $1,650,000 $1,695,000 $1,700,000 $1,707,600 $1,725,000 $1,725,000 $1,763,000 $1,775,000 $1,795,000 $1,900,000 $2,445,000 $2,900,000

$---$1,055.46 $1,092.72 $1,004.46 $1,246.07 $1,164.23 $1,261.18 $1,100.00 $983.75 $1,235.47 $1,000.35 $1,309.80 $1,199.58 $1,327.56 $1,189.68 $1,357.79 $1,373.83 $1,272.77 $1,481.10

97.00 98.15 101.62 100.07 100.00 106.69 94.64 97.17 100.00 100.29 100.57 95.89 99.20 104.01 100.00 100.00 95.72 98.00 96.83

© Skybox Realty Inc, 2021

45

Skybox Realty 2021 Q1 Report

Vi Pavlicevich

Vi in Mission Bay (2015 - Present) # of Transactions

40+

Sold Volume

$61,325,801 All Data From SFARMLS

Vi Pavlicevich | 415.828.114 | vi@skyboxrealty.com

*

Off Market Listings 110 Channel 409 | 1BR, 1BA | 823 SF Arden 610, 211, 1207 | Call For Details & Pricing

Vi Pavlicevich 5-Year Fast Facts # of Transactions

133+ Sold Volume

$156,375,443 © Skybox Realty Inc, 2021

47

Ranked #1 in Mission Bay

Vi Pavlicevich 415.828.1114 | dre 01906246 vi@skyboxrealty.com