2022 Q2 / Mission Bay Condo Report

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

Mission Bay

Condo Report 2022 Q2

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

© Skybox Realty Inc, 2022

1

Skybox Realty 2022 Q2 Report

Hello Neighbors, Happy Summer!

We’ve been seeing headlines of rising interest rates all year, but how is this affecting the Mission Bay real estate market?

In the rolling 12 months graph below, you’ll see that the $/ft in Mission Bay has remained steady this year despite the huge ~4% increase in rates in 2022. It appears the rising rates haven’t affected the Mission Bay prices too much. $1.4M $1.3M $1.2M $1.1M 2021

2020

2021

2022

This data is interesting because: 1. The Days On Market are rising for each home, and there are fewer buyers looking.

2. Inventory in Mission Bay is very low; this is the first time I’m seeing fewer sellers and fewer buyers at the same time.

3. The Bay Area suburbs are impacted by the rising rates, and there’s a cool down observed in suburban areas across the nation.

Although buyers are cautious, San Francisco condo prices are already at the bottom due to the pandemic, and I believe the increased rates won’t affect the Mission Bay and San Francisco market as dramatically as the suburban market.

Once again, it’s a very unpredictable year for the San Francisco market. Whether you’re living in your home or renting your property out, the market is changing fast, and this is a good time to reassess your real estate investments. I’ve helped many clients evaluate their options, and I can do the same for you.

Your Mission Bay Specialist, Vi Pavlicevich

All Data From SFARMLS

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

Table of Contents

Mission Bay 2022 Q2 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 Q2 Solds

42 - 45

Who You Work With Matters

46 - 47

© Skybox Realty Inc, 2022

3

Oracle Park E N TH CO A BE

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MISSION BAY SO UT H ST O W EN S ST

UCSF Mission Bay

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

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UCSF Medical Center

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

Mission Bay 2022 Q2 # of Transactions

37

29% YOY /

23% QOQ

Average Sales Price

$1,186,014 8.8% YOY /

5.4% QOQ * Median Price $1,038,000

Average Price per Square Foot

$1,108 1.6% YOY /

.1% QOQ

Average Days on the Market

43

23% YOY /

6.6% QOQ

© Skybox Realty Inc, 2022

5

235 Berry

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

401 | $1,199,000 (2BR) $1121/sf

© Skybox Realty Inc, 2022

7

235 Berry

# 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

Q2 Q1

$1,121/SF

Q4

$1,230/SF

Q3 $1000

$1100

$1200

$1300

All Data From SFARMLS

235 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 2

2 0 2 1 Q4

2022 Q 1

© Skybox Realty Inc, 2022

2022 Q 2

9

255 Berry

603 | $1,360,000 (2BR) $1058/sf

313 | $1,095,000 (2BR) $1043/sf 112 | $1,499,000 (2BR) $1213/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

604 | $1,495,000 (2BR) $1027/sf

109 | $1,445,000 (2BR) $1142/sf

© Skybox Realty Inc, 2022

11

255 Berry

# of Transactions

3

25% YOY /

50% QOQ

Average Sales Price

$1,300,000 5.5% YOY /

47% QOQ

* Median Price $1,360,000

Price Per SF Q2

$1,081/SF

Q1

$1,229/SF

Q4

$1,031/SF

Q3

$1,103/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

32

$1,081 .3% YOY /

12% QOQ

3.2% YOY /

Buyer Demographic

2 0 2 1 Q4

CASH

2022 Q 1

© Skybox Realty Inc, 2022

14% QOQ

LO A N

UN K N O WN

2022 Q 2

13

Arterra

1407 | $895,000 (1BR) $1223/sf 1208 | $1,395,000 (2BR) $----/sf

920 | $792,550 (1BR) $1210/sf

508 | $1,275,000 (2BR) $1240/sf 414 | $818,000 (1BR) $1221/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

1513 | $1,200,000 (2BR) $1176/sf

920 | $792,550 (1BR) $1210/sf

523 | $1,175,000 (2BR) $1218/sf 423 | $775,000 (1BR) $1174/sf 420 | $814,999 (1BR) $1235/sf

© Skybox Realty Inc, 2022

15

Arterra

# of Transactions

3

200% YOY /

100% QOQ

Average Sales Price

$971,000 20% YOY /

100% QOQ

* Median Price $895,000

Price Per SF Q2

A VG $/ S F

MED I A N $/S F

$1,207/SF

Q1 Q4

$1,173/SF

Q3

$1,175/SF $1050

$1150

$1250

$1350

All Data From SFARMLS

300 Berry

Average Days on Market

Average $/SF

23

$1,207 11% YOY /

100% QOQ

950% YOY /

Buyer Demographic

CASH

100% QOQ

LO A N

UN K N O WN

N o S al e s i n 2022 Q 1

2 0 2 1 Q4

2022 Q 1

© Skybox Realty Inc, 2022

2022 Q 2

17

Park Terrace

512 | $915,000 (1BR) $1091/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

516 | $1,455,000 (2BR) $1067/sf

103 | $1,298,000 (2BR) $1014/sf

© Skybox Realty Inc, 2022

19

Park Terrace

# of Transactions

2

100% YOY /

100% QOQ

Average Sales Price

$1,185,000 100% YOY /

100% QOQ

* Median Price $1,185,000

Price Per SF Q2

A VG $/ S F

MED I A N $/S F

$1,079/SF

Q1 Q4

$1,220/SF

Q3

$1,094/SF $1050

$1150

$1250

$1350

All Data From SFARMLS

325 Berry

Average Days on Market

Average $/SF

32

$1,079 100% YOY /

100% QOQ

100% YOY /

Buyer Demographic

CASH

100% QOQ

LO A N

UN K N O WN

N o S al e s i n 2022 Q 1

2 0 2 1 Q4

2022 Q 1

© Skybox Realty Inc, 2022

2022 Q 2

21

The Beacon

1

809 | $780,000 (1BR) $876/sf

435 | $1,250,000 (2BR) $1041/sf

551 | $1,068,000 (2BR) $967/sf 483 | $580,000 (0BR) $1055/sf

5 4

2

1418 | $1,450,000 (1BR) $1200/s 1306 | $899,999 (1BR) $946/sf 1206 | $889,000 (1BR) $905/sf 948 | $699,000 (1BR) $876/sf 732 | $749,000 (1BR) $1030/sf 610 | $792,000 (1BR) $964/sf 500 | $1,060,000 (2BR) $870/sf

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

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

1517 | $725,000 (0BR) $1080/sf 1319 | $1,179,000 (2BR) $1073/sf

901 | $880,000 (1BR) $1058/sf

679 | $980,000 (2BR) $984/sf 553 | $599,000 (1BR) $1077/sf 437 | $749,000 (1BR) $913

603 | $1,129,999 (2BR) $879/sf 587 | $1,329,000 (2BR) $939/sf 461 | $658,000 (0BR) $---/sf

265 | $925,000 (2BR) $779/sf

1612 | $899,000 (1BR) $1012/sf

sf 1210 | $869,000 (1BR) $1057/sf

774 | $1,050,000 (2BR) $991/sf 668 | $750,000 (1BR) $943/sf 572 | $925,000 (2BR) $809/sf 444 | $1,195,000 (2BR) $1075/sf 372 | $698,000 (1BR) $928/sf 260 | $880,000 (1BR) $970/sf

© Skybox Realty Inc, 2022

23

The Beacon

# of Transactions

7

56% YOY /

53% QOQ

Average Sales Price

$898,857 7.7% YOY /

12% QOQ

* Median Price $925,000

Price Per SF Q2

$916/SF

Q1

$987/SF

Q4

$952/SF

Q3

$960/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

35

$916 5.2% YOY /

7.2% QOQ

39% YOY /

Buyer Demographic

2 0 2 1 Q4

CASH

2022 Q 1

© Skybox Realty Inc, 2022

30% QOQ

LO A N

UN K N O WN

2022 Q 2

25

Madrone

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

710 | $1,675,000 (2BR) $1315/sf 514 | $1,799,000 (2BR) $1301/sf

215 | $999,000 (1BR) $1134/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

1203 | $1,995,000 (2BR) $1277/sf

811 | $1,775,000 (2BR) $1418/sf

327 | 1,600,000 (2BR) $1150/sf

© Skybox Realty Inc, 2022

27

Madrone

# of Transactions

3

70% YOY /

57% QOQ

Average Sales Price

$1,908,000 41% YOY /

39% QOQ

* Median Price $1,775,000

Price Per SF Q2

$1,362/SF

Q1

$1,219/SF

Q4

$1,288/SF

Q3

$1,219/SF $1100

A VG $/ S F

$1200

MED I A N $/S F

$1300

$1400

All Data From SFARMLS

420 / 480 Mission Bay, 435 China Basin

Average Days on Market

Average $/SF

16

$1,362 13% YOY /

12% QOQ

48% YOY /

Buyer Demographic

2 0 2 1 Q4

CASH

2022 Q 1

© Skybox Realty Inc, 2022

72% QOQ

LO A N

UN K N O WN

2022 Q 2

29

Radiance

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

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

705 | $1,098,000 (1BR) $1143/sf

202 | $1,000,000 (1BR) $1089/sf

© Skybox Realty Inc, 2022

31

Radiance

# of Transactions

2

50% YOY /

100% QOQ

Average Sales Price

$1,312,500 10% YOY /

100% QOQ

* Median Price $1,312,500

Price Per SF Q2

A VG $/ S F

MED I A N $/S F

$1,165/SF

Q1 Q4

$1,370/SF

Q3

$1,078 $1100

$1200

$1300

$1400

All Data From SFARMLS

330 Mission Bay, 325 China Basin

Average Days on Market

Average $/SF

29

$1,165 7.3% YOY /

100% QOQ

16% YOY /

Buyer Demographic

CASH

100% QOQ

LO A N

UN K N O WN

N o S al e s i n 2022 Q 1

2 0 2 1 Q4

2022 Q 1

© Skybox Realty Inc, 2022

2022 Q 2

33

Arden

616 | $1,010,000 (1BR) $1397/sf 517 | $1,800,000 (2BR) $1333/sf 407 | $2,200,000 (2BR) $1363/sf 200 | $975,000 (1BR) $1180/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

411 | $2,298,000 (2BR) $1490/sf 214 | $1,558,000 (2BR) $1128/sf 101 | $1,345,000 (2BR) $1101/sf

© Skybox Realty Inc, 2022

35

Arden

# of Transactions

4

50% YOY /

100% QOQ

Average Sales Price

$1,220,000 29% YOY /

15% QOQ

* Median Price $1,177,500

Price Per SF Q2

$1,202/SF

Q1

$1,208/SF

Q4

$1,426/SF

Q3

$1,326/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

63

$1,202 8.2% YOY /

.5% QOQ

97% YOY /

Buyer Demographic

2 0 2 1 Q4

CASH

2022 Q 1

© Skybox Realty Inc, 2022

350% QOQ

LO A N

UN K N O WN

2022 Q 2

37

One Mission Bay Resales

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

612 | $1,500,000 (2BR) $1176/sf 504 | $1,647,000 (2BR) $1437/sf 402 | $808,000 (1BR) $----/sf

526 | $1,049,000 ( 420 | $1,648,000 (

212 | $1,049,000 (1BR) $1386/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

1505 | $1,698,000 (2BR) $1394/sf 1403 | $1,658,000 (2BR) $----/sf 1305 | $1,580,000 (2BR) $1297/sf 1105 | $1,465,000 (2BR) $1203/sf

(1BR) $1256/sf (2BR) $1497/sf

516 | $839,000 (1BR) $----/sf 414 | $1,038,000 (1BR) $1368/sf 415 | $1,528,000 (2BR) $1300/sf 204 | $1,020,000 (1BR) $1397/sf 102 | $1,030,000 (1BR) $1231/sf

© Skybox Realty Inc, 2022

39

One Mission Bay Resales

# of Transactions

10

43% YOY /

233% QOQ

Average Sales Price

$1,258,500 .22% YOY /

8.7% QOQ

* Median Price $1,251,500

Price Per SF Q1

$1,301/SF

Q4

$1,296/SF

Q3

$1,262/SF

Q2

$1,289/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

40

$1,301 8.9% YOY /

.39% QOQ

4.8% YOY /

Buyer Demographic

2 0 2 1 Q4

CASH

2022 Q 1

© Skybox Realty Inc, 2022

43% QOQ

LO A N

UN K N O WN

2022 Q 2

41

Skybox Realty 2022 Q2 Report

2022 Q2 Sales Address

BR / BA

SQFT

260 King 483

0/1

550

250 King 610

1/1

822

110 Channel 402

1/1

----

300 Berry 414

1/1

670

110 Channel 516

1/1

----

260 King 901

1/1

832

300 Berry 1407

1/1

732

300 Berry 512

1/1

838

250 King 572

2/2

1,144

260 King 265

2/2

1,187

718 Long Bridge 200

1/1

826

435 China Basin 215

1/1

881

330 Mission Bay 202

1/1

918

708 Long Bridge 616

1/1

723

1000 3rd 204

1/1

730

1000 3rd 102

1/1

837

110 Channel 414

1/1

759

250 King 500

2/2

1,219

255 Berry 313

2/2

1,050

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

$580,000

$1,054.55

96.83

$792,000

$963.50

99.12

$808,000

$----

100.00

$818,000

$1,220.94

98.79

$839,000

$----

98.72

$880,000

$1,057.69

103.65

$895,000

$1,222.68

100.00

$915,000

$1,091.89

101.78

$925,000

$808.57

97.47

$925,000

$779.28

97.88

$975,000

$1,180.39

100.00

$999,000

$1,133.94

100.00

$1,000,000

$1,089.32

101.52

$1,010,000

$1,396.96

98.73

$1,020,000

$1,397.26

97.24

$1,030,000

$1,230.59

98.10

$1,038,000

$1,367.59

97.10

$1,060,000

$869.57

97.70

$1,095,000

$1,042.86

95.22

© Skybox Realty Inc, 2022

43

Skybox Realty 2022 Q2 Report

2022 Q2 Sales cont...

Address

BR / BA

SQFT

260 King 603

2/2

1,286

300 Berry 1513

2/1

1,020

718 Long Bridge 101

2/2

1,219

255 Berry 603

2/2

1,285

255 Berry 109

2 / 2.5

1,265

325 Berry 516

2/2

1,364

1000 3rd 1105

2/2

1,218

1000 3rd 612

2/2

1,276

718 Long Bridge 214

2/2

1,374

1000 3rd 1305

2/2

1,218

330 Mission Bay 504

2/2

1,310

1000 3rd 504

2/2

1,146

1000 3rd 1403

2/2

----

480 Mission Bay 811

2/2

1,252

480 Mission Bay 1105

3/2

1,921

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

$1,129,999

$878.69

98.26

$1,200,000

$1,176.47

100.42

$1,345,000

$1,103,36

96.14

$1,360,000

$1,058.37

113.33

$1,445,000

$1,142.29

96.66

$1,455,000

$1,066.72

98.64

$1,465,000

$1,202.79

97.73

$1,500,000

$1,175.55

100.07

$1,550,000

$1,128.09

103.47

$1,580,000

$1,297.21

94.33

$1,625,000

$1,240.46

100.00

$1,647,000

$1,437.17

98.39

$1,658,000

$----

97.82

$1,775,000

$1,417.73

98.89

$2,950,000

$1,535.66

100.00

© Skybox Realty Inc, 2022

45

Skybox Realty 2022 Q2 Report

Vi Pavlicevich

Vi in Mission Bay (Recent Activity) # of Transactions

52+

Sold Volume

$77,963,769 All Data From SFARMLS

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

*

Off Market Listings Contact Vi for Upcoming or Off Market Listings!

Vi Pavlicevich (Recent Overall Activity) # of Transactions

162+ Sold Volume

$199,807,942 © 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