2022 Q1 / Mission Bay Condo Report

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

Mission Bay

Condo Report 2022 Q1

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

© Skybox Realty Inc, 2022

1

Skybox Realty 2022 Q1 Report

Dear Neighbors, Happy Spring!

The warmer months usually bring out more buyers, and I’m starting to see more activity pick up for the condo market throughout San Francisco.

Mission Bay has been slow so far this year; buyers weren’t as active and homes weren’t moving as quickly as they did one year prior.

In the graph below, you’ll see that the number of homes sold started to go down at the end of last year, and the decline continued throughout 2022.

105 90 75 60 2021

2022

Omicron played a huge role in the volume of homes sold; there was no urgency to return to work and to the city, but luckily, this will soon change. More employees are coming back into the office, traffic is increasing, and I anticipate an active Summer and Fall.

If you’ve been thinking about selling or renting out your home, let’s start the conversation now and come up with a strategy to maximize your returns.

Your Mission Bay Specialist, Vi Pavlicevich The market changes fast. If you’re thinking of selling and want to discuss the market in further detail, call me. If you’re looking to capitalize on the market before its full recovery, now is the time to act, and I can help you find a good investment.

All Data From SFARMLS

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

Table of Contents

Mission Bay 2022 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

2022 Q1 Solds

42 - 45

Who You Work With Matters

46 - 47

© Skybox Realty Inc, 2022

3

Oracle Park E N TH CO A BE

Ch in a Ba sin Pa rk

Caltrain BE

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5 23 RRY BE

ONE BAY MISSION

5 25 RRY BE

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N

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LVD IS B

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3R D ST

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ST

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5 32 RRY BE

M

I SS

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MISSION BAY SO UT H ST O W EN S ST

UCSF Mission Bay

The Chase Center

I 280

16 TH ST

TE NN ES S

M ISS ISS IP PI ST

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

ILL IN OI S ST

UCSF Medical Center

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

Mission Bay 2022 Q1 # of Transactions

30

33% YOY Average Sales Price

$1,253,583 .3% YOY Average Price per Square Foot

$1,107 .54% YOY

Average Days on the Market

46

22% YOY

© Skybox Realty Inc, 2022

5

235 Berry

114 | $1,399,000 (2BR) $1115/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

507 | $1,385,000 (2BR) $1121/sf

© Skybox Realty Inc, 2022

7

235 Berry

# of Transactions

1

66% YOY / ---- QOQ

Average Sales Price

$1,385,000 7.6% YOY /

4.4% QOQ

* Median Price $1,385,000

Price Per SF Q1

$1,121/SF

Q4

$1,230/SF

A VG $/ S F

MED I A N $/S F

Q3 Q2

$1,097/SF $1000

$1100

$1200

$1300

All Data From SFARMLS

235 Berry

Average Days on Market

Average $/SF

8

$1,121 3% YOY /

8.9% QOQ

87% YOY /

Buyer Demographic

CASH

56% QOQ

LO A N

UN K N O WN

N o Sa les in 2 0 2 1 Q3

2 0 2 1 Q3

2021 Q 4

© Skybox Realty Inc, 2022

2022 Q 1

9

255 Berry

603 | $1,200,000 (2BR) $934/sf

313 | $1,150,000 (2BR) $1095/sf 308 | $1,199,800 (2BR) $1148/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

710 | $2,695,000 (3BR) $1175/sf

317 | $2,195,000 (2BR) $1282/sf

© Skybox Realty Inc, 2022

11

255 Berry

# of Transactions

2

66% YOY /

100% QOQ

Average Sales Price

$2,445,000 76% YOY /

172% QOQ

* Median Price $2,445,000

Price Per SF Q1

$1,229/SF

Q4

$1,031/SF

Q3

$1,103/SF

Q2

$1084/SF $900

A VG $/ S F

$1000

MED I A N $/S F

$1100

$1200

All Data From SFARMLS

255 Berry

Average Days on Market

Average $/SF

28

$1,229 16% YOY /

19% QOQ

61% YOY /

Buyer Demographic

2 0 2 1 Q3

CASH

2021 Q 4

© Skybox Realty Inc, 2022

600% QOQ

LO A N

UN K N O WN

2022 Q 1

13

Arterra

1407 | $895,000 (1BR) $1223/sf

414 | $828,000 (1BR) $1236/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

523 | $1,175,000 (2BR) $1218/sf 423 | $895,000 (1BR) $1211/sf

© Skybox Realty Inc, 2022

15

Arterra

# of Transactions

0

100% YOY /

100% QOQ

Average Sales Price

$---100% YOY /

100% QOQ

* Median Price $----

Price Per SF

Q4

$1,173/SF

Q3

$1,175/SF

Q2

$1,353/SF $1050

A VG $/ S F

$1150

MED I A N $/S F

$1250

$1350

All Data From SFARMLS

300 Berry

Average Days on Market

Average $/SF

----

$---100% YOY /

100% QOQ

100% YOY /

Buyer Demographic

CASH

100% QOQ

LO A N

UN K N O WN

No Sales in 2022 Q 1

2 0 2 1 Q3

2021 Q 4

© Skybox Realty Inc, 2022

2022 Q 1

17

Park Terrace

512 | $899,000 (1BR) $1073/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

103 | $1,395,000 (2BR) $1090/sf

© Skybox Realty Inc, 2022

19

Park Terrace

# of Transactions

0

100% YOY /

100% QOQ

Average Sales Price

$---100% YOY /

100% QOQ

* Median Price $----

Price Per SF

A VG $/ S F

MED I A N $/S F

Q1 Q4

$1,220/SF

Q3

$1,094/SF

Q2 $1050

$1150

$1250

$1350

All Data From SFARMLS

325 Berry

Average Days on Market

Average $/SF

----

$---100% YOY /

100% QOQ

100% YOY /

Buyer Demographic

CASH

100% QOQ

LO A N

UN K N O WN

No Sales in 2022 Q 1

2 0 2 1 Q3

2021 Q 4

© Skybox Realty Inc, 2022

2022 Q 1

21

The Beacon

1

1111 | $760,000 (1BR) $876/sf

881 | $655,000 (1BR) $950/sf 771 | $912,500 (2BR) $925/sf

901 | $849,000 (2BR) $1020/sf 809 | $839,000 (1BR) $943/sf 775 | $760,000 (1BR) $837/sf

7

407 | $1,000,000 (1BR) $1116/sf

4

1306 | $929,000 (1BR) $946/sf 1216 | $1,639,000 (2BR) $1134/s 906 | $820,000 (1BR) $835/sf

610 | $799,000 (1BR) $972/sf 572 | $999,000 (2BR) $873/sf

732 | $749,000 (1BR) $1030/sf 634 | $700,000 (1BR) $921/sf 500 | $1,099,000 (2BR) $902/sf

268 | $610,000 (1BR) $1030/sf

All Data From SFARMLS

OFF MAR KET

1611 | $925,000 (1BR) $1066/sf

SOL D

ACTI V E

IN CONTRACT

1603 | $1,500,000 (2BR) $1166/sf

953 | $643,000 (1BR) $891/sf

729 | $560,000 (1BR) $933/sf 633 | $740,000 (1BR) $1016/sf

765 | $1,025,000 (2BR) $946/sf 603 | $1,150,000 (2BR) $894/sf

401 | $306,949 (0BR) bmr

437 | $799,000 (1BR) $974/sf

sf

752 | $1,840,000 (3BR) $1113/sf 626 | $1,355,000 (2BR) $940/sf 546 | $1,095,000 (2BR) $1011/sf

774 | $1,050,000 (2BR) $991/sf 538 | $699,000 (1BR) $1075/sf

372 | $838,000 (1BR) $1114/sf

© Skybox Realty Inc, 2022

23

The Beacon

# of Transactions

15

36% YOY /

67% QOQ

Average Sales Price

$1,024,133 18% YOY /

8.8% QOQ

* Median Price $925,000

Price Per SF Q1

$987/SF

Q4

$952/SF

Q3

$960/SF

Q2

$966/SF $850

A VG $/ S F

$950

MED I A N $/S F

$1050

$1150

All Data From SFARMLS

250 / 260 King

Average Days on Market

Average $/SF

50

$987 6.8% YOY /

3.7% QOQ

12% YOY /

Buyer Demographic

2 0 2 1 Q3

CASH

2021 Q 4

© Skybox Realty Inc, 2022

7.5% QOQ

LO A N

UN K N O WN

2022 Q 1

25

Madrone

1105 | $2,950,000 (3BR) $1536/sf

811 | $1,795,000 (2BR) $1434/sf

542 | $1,415,000 (2BR) $1203/sf 322 | $1,335,000 (2BR) $1127/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

905 | $1,725,000 (2BR) $1513/sf 817 | $1,365,000 (1BR) $1140/sf

540 | $1,260,000 (2BR) $1121/sf 442 | $1,375,000 (2BR) $1170/sf 317 | 1,168,000 (1BR) $1259/sf

© Skybox Realty Inc, 2022

27

Madrone

# of Transactions

7

75% YOY /

75% QOQ

Average Sales Price

$1,377,571 29% YOY /

23% QOQ

* Median Price $1,365,000

Price Per SF Q1

$1,219/SF

Q4

$1,288/SF

Q3

$1,219/SF

Q2

$1,205/SF $1000

A VG $/ S F

$1100

MED I A N $/S F

$1200

$1300

All Data From SFARMLS

420 / 480 Mission Bay, 435 China Basin

Average Days on Market

Average $/SF

57

$1,219 5% YOY /

5.4% QOQ

34% YOY /

Buyer Demographic

2 0 2 1 Q3

CASH

2021 Q 4

© Skybox Realty Inc, 2022

235% QOQ

LO A N

UN K N O WN

2022 Q 1

29

Radiance

504 | $1,625,000 (2BR) $1240/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

802 | $1,995,000 (2BR) $1344/sf

202 | $985,000 (1BR) $1073/sf

© Skybox Realty Inc, 2022

31

Radiance

# of Transactions

0

100% YOY /

100% QOQ

Average Sales Price

$---100% YOY /

100% QOQ

* Median Price $----

Price Per SF

A VG $/ S F

MED I A N $/S F

Q1 Q4

$1,370/SF

Q3

$1,078

Q2

$1,256/SF $1100

$1200

$1300

$1400

All Data From SFARMLS

330 Mission Bay, 325 China Basin

Average Days on Market

Average $/SF

----

$---100% YOY /

100% QOQ

100% YOY /

Buyer Demographic

CASH

100% QOQ

LO A N

UN K N O WN

No Sales in 2022 Q 1

2 0 2 1 Q3

2021 Q 4

© Skybox Realty Inc, 2022

2022 Q 1

33

Arden

616 | $1,038,000 (1BR) $1436/sf

200 | $990,000 (1BR) $1125/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

612 | $1,862,500 (2BR) $1300/sf

301 | $993,000 (1BR) $1117/sf 214 | $1,778,000 (2BR) $1294/sf 101 | $1,450,000 (2BR) $1190/sf

© Skybox Realty Inc, 2022

35

Arden

# of Transactions

2

66% YOY /

75% QOQ

Average Sales Price

$1,427,750 26% YOY /

29% QOQ

* Median Price $1,427,750

Price Per SF Q1

$1,208/SF

Q4

$1,426/SF

Q3

$1,326/SF

Q2

$1,309/SF $1150

A VG $/ S F

$1250

MED I A N $/S F

$1350

$1450

All Data From SFARMLS

708 / 718 Long Bridge

Average Days on Market

Average $/SF

14

$1,208 7.8% YOY /

15% QOQ

75% YOY /

Buyer Demographic

2 0 2 1 Q3

CASH

2021 Q 4

© Skybox Realty Inc, 2022

52% QOQ

LO A N

UN K N O WN

2022 Q 1

37

One Mission Bay Resales

1302 | $2,950,000 (3BR) $1615/sf

814 | $1,445,000 (2BR) $1206/sf

504 | $1,674,000 (2BR) $1461/sf 402 | $808,000 (1BR) $----/sf 314 | $1,325,000 (2BR) $1084/sf

516 | $849,900 (1 414 | $1,089,000 ( 305 | $1,628,000 (

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

1403 | $1,788,000 (2BR) $----/sf 1305 | $1,675,000 (2BR) $1375/sf 1105 | $1,499,000 (2BR) $1231/sf

806 | $1,425,000 (2BR) $1233/sf

1BR) $----/sf (1BR) $1435/sf (2BR) $1455/sf

501 | $1,078,000 (1BR) $1393/sf 413 | $1,058,000 (1BR) $1316/sf 313 | $1,069,000 (1BR) $1410/sf

© Skybox Realty Inc, 2022

39

One Mission Bay Resales

# of Transactions

3

---- YOY / ---- QOQ

Average Sales Price

$1,157,333 5.3% YOY /

18% QOQ

* Median Price $1,078,000

Price Per SF Q1

$1,296/SF

Q4

$1,262/SF

Q3

$1,289/SF

Q2

$1,197/SF $1100

A VG $/ S F

$1200

MED I A N $/S F

$1300

$1400

All Data From SFARMLS

1000 3rd, 110 Channel

Average Days on Market

Average $/SF

28

$1,296 1.4% YOY /

2.7% QOQ

74% YOY /

Buyer Demographic

2 0 2 1 Q3

CASH

2021 Q 4

© Skybox Realty Inc, 2022

18% QOQ

LO A N

UN K N O WN

2022 Q 1

41

Skybox Realty 2022 Q1 Report

2022 Q1 Sales Address

BR / BA

SQFT

260 King 729

1/1

600

260 King 953

1/1

722

250 King 634

1/1

760

260 King 633

1/1

728

260 King 775

1/1

908

260 King 1111

1/1

868

250 King 906

1/1

982

260 King 1611

1/1

868

718 Long Bridge 301

1/1

889

260 King 407

1/1

896

260 King 765

2/2

1,083

110 Channel 313

1/1

758

110 Channel 501

1/1

774

250 King 546

2/2

1,083

480 Mission Bay 317

1/1

928

435 China Basin 540

2 / 1.5

1,124

1000 3rd 314

2/2

1,222

435 China Basin 322

2/2

1,185

250 King 626

2/2

1,442

All Data From SFARMLS

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

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

Sale Price

$/SF

% Sale/List

$560,000

$933.33

93.33

$643,000

$890.58

99.08

$700,000

$921.05

98.59

$740,000

$1,016.48

102.07

$760,000

$837.00

96.32

$760,000

$875.58

98.83

$820,000

$835.03

98.80

$925,000

$1,065.67

98.51

$993,000

$1,116.99

99.50

$1,000,000

$1,116.07

111.23

$1,025,000

$946.45

97.71

$1,069,000

$1,410.29

100.00

$1,078,000

$1,392.76

100.00

$1,095,000

$1,011.08

100.00

$1,168,000

$1,258.62

97.50

$1,260,000

$1,121.00

97.00

$1,325,000

$1,084.29

94.72

$1,335,000

$1,126.58

96.74

$1,355,000

$939.67

97.13

© Skybox Realty Inc, 2022

43

Skybox Realty 2022 Q1 Report

2022 Q1 Sales cont...

Address

BR / BA

SQFT

480 Mission Bay 817

1 / 1.5

1,197

435 China Basin 442

2/2

1,176

235 Berry 507

2/2

1,235

435 China Basin 542

2/2

1,176

260 King 1603

2/2

1,286

250 King 1216

2/2

1,445

420 Mission Bay 905

2/2

1,140

250 King 752

3/2

1,653

708 Long Bridge 612

2/2

1,433

255 Berry 317

2 / 2.5

1,712

255 Berry 710

3 / 2.5

2,293

All Data From SFARMLS

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

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

Sale Price

$/SF

% Sale/List

$1,365,000

$1,140.35

100.44

$1,375,000

$1,160.22

98.28

$1,385,000

$1,121.46

99.00

$1,415,000

$1,203.23

97.62

$1,500,000

$1,166.41

107.15

$1,639,000

$1,134.26

100.00

$1,825,000

$1,513.16

94.52

$1,840,000

$1,113.13

99.46

$1,862,500

$1,299.72

99.33

$2,195,000

$1,282.13

115.59

$2,695,000

$1,175.32

100.00

© Skybox Realty Inc, 2022

45

Skybox Realty 2022 Q1 Report

Vi Pavlicevich

Vi in Mission Bay (Recent Activity) # of Transactions

49+

Sold Volume

$74,498,770 All Data From SFARMLS

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

*

Off Market Listings 718 Long Bridge 200 | 1BR, 1BA | 880 SF 260 King 603 | 2BR, 2BA | 1286 SF

Vi Pavlicevich (Recent Overall Activity) # of Transactions

154+ Sold Volume

$184,304,943 © Skybox Realty Inc, 2022

47

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Ranked #1 in Mission Bay

Vi Pavlicevich 415.828.1114 | dre 01906246 vi@skyboxrealty.com www.vipavlicevich.com