Condo Report Mission Bay 2022 Q3 Vi Pavlicevich | Ranked #1 in Mission Bay 415.828.1114 | vi@skyboxrealty.com
Hello Neighbors,
The weather is cooling down, and so is San Francisco real estate. Between rising interest rates, slow return to offices, a shift in the housing and stock markets, and seasonality, inventory is creeping up in many parts of the city. However, as you can see in the graph below, Mission Bay’s inventory has been holding steady throughout 2022 despite high Days on Market. Inventory is currently at 2.5 months supply, similar to December 2019 levels.
5 Months
4 Months
3 Months
2 Months
2021 202220202019
I expect inventory to remain low now that interest rates have risen. Homeowners locked in at low rates won’t be motivated to sell unless their circumstances force them to sell. This may result in limiting inventory which could help offset the downward pressure on prices.
Even though a housing correction is seen across the nation, I believe the suburban neighborhoods will feel a more negative impact than the city. The San Francisco market was hit very hard during the pandemic, and prices may drop a little more with talks of a recession, but not as dramatically as they will in the suburbs.
Buyers: there are incredible opportunities for you. For homes with longer Days on Market, there is a lot of room for negotiations.
Sellers: Pricing correctly + market representation + home presentation are key to selling your home quickly and for the highest price possible. There are a lot of buyers on the sidelines tracking the economy, but they will jump if the right home comes on the market.
If you’d like to have a deeper conversation about what selling or buying could look like in this unpredictable market, call me to discuss more.
Your Mission Bay Specialist, Vi Pavlicevich
Data From
Skybox Realty 2022 Q3 Report All
SFARMLS
Table of Contents
Mission Bay 2022 Q3 Snapshot
235 Berry
255 Berry Arterra
Park Terrace
The Beacon Madrone Radiance
Arden
One Mission Bay
2022 Q3 Solds
Who You Work With Matters
© Skybox Realty Inc, 2022 3 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com 5 6 - 9 10 - 13 14 - 17 18 - 21 22 - 25 26 - 29 30 - 33 34 - 37 38 - 41 42 - 45 46 - 47
ST
CHINA BASIN ST
MISSION BAY BLVD NORTH
ST
WAY
MISSION BAY UCSF
Bay
I 280 Basin Park
ST
UCSF Medical Center
ST
The Chase Center
Park
MARIPOSA ST
Mission
Caltrain 16TH
CHANNELST LONGBRIDGEST 4TH
3RD
OWENSST
TENNESSEE ILLINOIS ST TERRY A FRANCOIS BLVD SOUTH
MISSIONCREEK BERRY ST
BRIDGEVIEW
MISSISSIPPI ST Mariposa
China
Oracle Park THE BEACON ONE MISSION BAYBERRY235 BERRY255BERRY300 BERRY325 RADIANCEMADRONE ARDEN
© Skybox Realty Inc, 2022 5 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com Mission Bay 2022 Q3 # of Transactions 32 Average Price per Square Foot $1,115 Average Sales Price $1,160,965 Average Days on the Market 54 27% YOY / 2.4% QOQ 12% YOY / 2.2% QOQ 4.3% YOY / .63% QOQ 8% YOY / 26% QOQ * Median Price $1,080,000
All Data From SFARMLS 235 Berry 414 | $1,477,500 (2BR) $1040/sf 511 | $1,475,000 (2BR) $----/sf
SOLD ACTIVE IN
© Skybox Realty Inc, 2022 7
CONTRACTOFF MARKET 401 | $1,110,000 (2BR) $1037/sf 515 | $1,325,000 (2BR) $1065/sf
All Data From SFARMLS 235 Berry # of Transactions 2 Average Sales Price $1,293,750 100% YOY / 100% QOQ 100% YOY / 100% QOQ * Median Price $1,293,750 Q3 Q2 Q1 Q4 Price Per SF MEDIAN $/SF $1300$1200$1100$1000 AVG $/SF $1,230/SF $1,121/SF $1,039/SF
© Skybox Realty Inc, 2022 9 235 Berry Buyer Demographic Average $/SF $1,039 Average Days on Market 42 100% YOY / 100% QOQ 100% YOY / 100% QOQ CASH LOAN UNKNOWN 2022 Q1 2022 Q2 2022 Q3 No Sales in 2022 Q2
All Data From SFARMLS 255 Berry 112 | $1,399,000 (2BR) $1132/sf 506 | $1,345,000 (2BR) $1040/sf
SOLD ACTIVE IN CONTRACT
© Skybox Realty Inc, 2022 11
OFF MARKET 604 | $1,495,000 (2BR) $1027/sf
All Data From SFARMLS 255 Berry # of Transactions 0 Average Sales Price $---100% YOY / 100% QOQ 100% YOY / 100% QOQ * Median Price $---Q3 Q2 Q1 Q4 Price Per SF MEDIAN $/SF $1200$1100$1000$900 AVG $/SF $1,031/SF $1,229/SF $1,081/SF
© Skybox Realty Inc, 2022 13 255 Berry Buyer Demographic Average $/SF $---Average Days on Market ---100% YOY / 100% QOQ 100% YOY / 100% QOQ CASH LOAN UNKNOWN 2022 Q1 2022 Q2 2022 Q3 No Sales in 2022 Q3
All Data From SFARMLS Arterra 714 | $785,000 (1BR) $1182/sf 919 | $880,000 (1BR) $1205/sf 508 | $1,249,000 (2BR) $1215/sf 822 | $929,000 (1BR) $1073/sf 420 | $740,000 (1BR) $1121/sf 1208 | $1,312,000 (2BR) $----/sf
© Skybox Realty Inc, 2022 15 SOLD ACTIVE IN CONTRACTOFF MARKET 523 | $1,150,000 (2BR) $1192/sf 704 | $829,000 (1BR) $986/sf 1507 | $910,000 (1BR) $1250/sf 920 | $765,000 (1BR) $1168/sf 515 | $849,000 (1BR) $1163/sf
All Data From SFARMLS Arterra # of Transactions 7 40% YOY / 133% QOQ Average Sales Price $1,000,857 15% YOY / 3.1% QOQ * Median Price $910,000 Q2 Q1 Q4 Price Per SF MEDIAN $/SF $1350$1250$1150$1050 AVG $/SF $1,173/SF $1,207/SF Q3 $1,192/SF
© Skybox Realty Inc, 2022 17 300 Berry Average $/SF $1,192 Average Days on Market 57 Buyer Demographic 1.4% YOY / 1.3% QOQ 73% YOY / 148% QOQ CASH LOAN UNKNOWN 2022 Q1 2022 Q2 2022 Q3 No Sales in 2022 Q1
All Data From SFARMLS Park Terrace 614 | $828,000 (1BR) $1080/sf 322 | $868,000 (1BR) $1081/sf 107 | $1,499,000 (2BR) $920/sf
© Skybox Realty Inc, 2022 19 SOLD ACTIVE IN CONTRACTOFF MARKET 103 | $1,298,000 (2BR) $1014/sf
All Data From SFARMLS Park Terrace # of Transactions 0 100% YOY / 100% QOQ Average Sales Price $---100% YOY / 100% QOQ * Median Price $---Q3 Q2 Q1 Q4 Price Per SF MEDIAN $/SF $1350$1250$1150$1050 AVG $/SF $1,220/SF $1,079/SF
© Skybox Realty Inc, 2022 21 325 Berry Average $/SF $---Average Days on Market ---Buyer Demographic 100% YOY / 100% QOQ 100% YOY / 100% QOQ CASH LOAN UNKNOWN 2022 Q1 2022 Q2 2022 Q3 No Sales in 2022 Q1 No Sales in 2022 Q3
All Data From SFARMLS The Beacon 1306 | $850,000 (1BR) $866/sf 809 | $700,000 (1BR) $787/sf 551 | $993,000 (2BR) $899/sf 732 | $732,500 (1BR) $1008/sf 682 | $775,000 (1BR) $879/sf 948 | $769,000 (1BR) $964/sf 268 | $575,000 (1BR) $971/sf 1418 | $1,450,000 (1BR) $1200/sf 435 | $1,129,000 (2BR) $918/sf 903 | $1,199,000 (2BR) $932/sf 437 | $779,000 (1BR) $950/sf
SOLD ACTIVE IN CONTRACTOFF MARKET
1319 | $1,079,000 (2BR) $977/sf
1211 | $779,000 (1BR) $850/sf
907 | $739,000 (1BR) $807/sf
679 | $955,000 (2BR) $959/sf
587 | $1,170,000 (2BR) $827/sf
461 | $648,888 (0BR) $---/sf
1612 | $770,000 (1BR) $829/sf
1300 | $1,295,000 (2BR) $1063/sf
1210 | $819,800 (1BR) $997/sf
1116 | $1,639,000 (2BR) $1158/sf
854 | $570,000 (0BR) $916/sf
722 | $1,049,000 (2BR) $932/sf
628
$769,000 (1BR) $840/sf
(2BR) $1075/sf
$680,000 (1BR) $904/sf
(1BR) $882/sf
© Skybox Realty Inc, 2022 23
372 |
444 | $1,195,000
260 | $800,000
$1200/sf
|
All Data From SFARMLS The Beacon # of Transactions 12 33% YOY / 71% QOQ Average Sales Price $820,949 5.1% YOY / 8.7% QOQ * Median Price $772,500 Q3 Q2 Q1 Q4 Price Per SF MEDIAN $/SF $1150$1050$950$850 AVG $/SF $987/SF $952/SF $916/SF $898/SF
© Skybox Realty Inc, 2022 25 250 / 260 King Average $/SF $898 Average Days on Market 67 Buyer Demographic 6.3% YOY / 2% QOQ 18% YOY / 91% QOQ CASH LOAN UNKNOWN 2022 Q1 2022 Q2 2022 Q3
All Data From SFARMLS Madrone 318 | $1,650,000 (2BR) $1216/sf 527 | $1,460,000 (2BR) $1250/sf 631 | $2,395,000 (3BR) $1503/sf 710 | $1,620,000 (2BR) $1272/sf 514 | $1,799,000
© Skybox Realty Inc, 2022 27 SOLD ACTIVE IN CONTRACTOFF MARKET 327 | 1,600,000 (2BR) $1150/sf 544 | $1,650,000 (2BR) $1203/sf 615 | $995,000 (1BR) $912/sf 1203 | $1,900,000 (2BR) $1216/sf $1,799,000 (2BR) $1301/sf
All Data From SFARMLS Madrone # of Transactions 2 75% YOY / 33% QOQ Average Sales Price $1,760,000 13% YOY / 7.8% QOQ * Median Price $1,760,000 Q3 Q2 Q1 Q4 Price Per SF MEDIAN $/SF $1400$1300$1200$1100 AVG $/SF $1,288/SF $1,219/SF $1,362/SF $1,244/SF
© Skybox Realty Inc, 2022 29 420 / 480 Mission Bay, 435 China Basin Average $/SF $1,244 Average Days on Market 69 Buyer Demographic 2.1% YOY / 8.7% QOQ 47% YOY / 331% QOQ CASH LOAN UNKNOWN 2022 Q1 2022 Q2 2022 Q3
Radiance
All Data From SFARMLS
IN
© Skybox Realty Inc, 2022 31 SOLD ACTIVE
CONTRACTOFF MARKET 705 | $1,050,000 (1BR) $1079/sf
All Data From SFARMLS Radiance # of Transactions 1 100% YOY / 100% QOQ Average Sales Price $1,050,000 23% YOY / 20% QOQ * Median Price $1,050,000 Q3 Q2 Q1 Q4 Price Per SF MEDIAN $/SF $1400$1300$1200$1100 AVG $/SF $1,370/SF $1,165/SF $1,079/SF
© Skybox Realty Inc, 2022 33 330 Mission Bay, 325 China Basin Average $/SF $1,079 Average Days on Market 7 Buyer Demographic .1% YOY / 7.4% QOQ 100% YOY / 76% QOQ CASH LOAN UNKNOWN 2022 Q1 2022 Q2 2022 Q3 No Sales in 2022 Q1
All Data From SFARMLS Arden 1600 | $2,180,000 (2BR) $1640/sf 1404 | $2,175,000 (2BR) $1477/sf 517 | $1,565,000 (2BR) $1159/sf 915 | $1,949,000 (2BR) $----/sf
SOLD ACTIVE IN CONTRACTOFF MARKET 1303 | $2,875,000 (3BR) $1468/sf 515 | $2,150,000 (2BR) $1293/sf 106 | $949,000 (1BR) $1166/sf
© Skybox Realty Inc, 2022 35 811 | $1,668,000 (2BR) $1291/sf 302 | $1,650,000 (2BR) $1278/sf
All Data From SFARMLS Arden # of Transactions 4 54% YOY / ---- QOQ Average Sales Price $1,890,750 5.1% YOY / 55% QOQ * Median Price $1,909,000 Q3 Q2 Q1 Q4 Price Per SF MEDIAN $/SF $1450$1350$1250$1150 AVG $/SF $1,208/SF $1,426/SF $1,202/SF $1,397/SF
© Skybox Realty Inc, 2022 37 Average $/SF $1,397 Average Days on Market 27 Buyer Demographic 5.1% YOY / 16% QOQ 54% YOY / 47% QOQ CASH LOAN UNKNOWN 2022 Q1 2022 Q2 2022 Q3 708 / 718 Long Bridge
All Data From SFARMLS One Mission Bay Resales 515 | $1,050,000 (1BR) $1093/sf 316 | $1,400,000 (2BR) $1141/sf 1302 | $2,750,000 (3BR) $1505/sf 421 | $988,000 (1BR)403 | $1,650,000 (3BR) $1297/sf
© Skybox Realty Inc, 2022 39 SOLD ACTIVE IN CONTRACTOFF MARKET 526 | $975,000 (1BR) $1168/sf 1505 | $1,698,000 (2BR) $1394/sf 415 | $1,500,000 (2BR) $1277/sf 1206 | $1,560,000 (2BR) $1231/sf (1BR) $1295/sf 424 | $1,449,000 (2BR) $1193/sf
All Data From SFARMLS One Mission Bay Resales # of Transactions 4 43% YOY / 60% QOQ Average Sales Price $1,393,250 13% YOY / 11% QOQ * Median Price $1,450,000 Q3 Q2 Q1 Q4 Price Per SF MEDIAN $/SF $1400$1300$1200$1100 AVG $/SF $1,296/SF $1,262/SF $1,301/SF $1,245/SF
© Skybox Realty Inc, 2022 41 Average $/SF $1,245 Average Days on Market 54 Buyer Demographic 3.5% YOY / 4.4% QOQ 3.6% YOY / 35% QOQ CASH LOAN UNKNOWN 2022 Q1 2022 Q2 2022 Q3 1000 3rd, 110 Channel
2022 Q3 Sales
Address
250 King 268
260 King 461
250 King 372
260 King 809
250 King 732
300 Berry 420
300 Berry 920
250 King 1612
250 King 682
250 King 260
250 King 1306
300 Berry 919
300 Berry 1507
260 King 679
110 Channel 526
330 Mission Bay 526
235 Berry 401
300 Berry 523
260 King 587
592 752 890 660 655 929 882 907 982 730 728 996 835 973 1,070 965 1,415
Skybox Realty 2022 Q3 Report All Data From SFARMLS
BR / BA 1 / 1 0 / 1 1 / 1 1 / 1 1 / 1 1 / 1 1 / 1 1 / 1 1 / 1 1 / 1 1 / 1 1 / 1 1 / 1 2 / 2 1 / 1 1 / 1 2 / 2 2 / 2 2 / 2 SQFT
* Only showing sold homes in buildings featured in this book. Does not include new construction.
Sale Price
$575,000 $648,888 $680,000 $700,000 $732,500 $740,000 $765,000 $770,000 $775,000 $800,000 $850,000 $880,000 $910,000 $955,000 $975,000 $1,050,000 $1,110,000 $1,150,000 $1,170,000
$/SF $971.28 $---$904.26 $786.52 $---$1,121.21 $1,167.94 $828.85 $878.68 $882.03 $865.58 $1,205..48 $1,250.00 $958.84 $1,167.66 $1,079.14 $1,037.38 $1,191.78 $826.86
% Sale/List 96.64 98.62 115.65 94.59 97.80 93.79 96.52 96.37 97.00 96.99 94.44 98.32 101.68 97.45 97.70 100.10 92.58 97.87 97.58
© Skybox Realty Inc, 2022 43 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com
2022 Q3 Sales cont...
Address
250 King 444
300 Berry 508
300 Berry 1208
110 Channel 316
235 Berry 414
1000 3rd 415
708 Long Bridge 517
480 Mission Bay 710
708 Long Bridge 811
1000 3rd 1505
420 Mission Bay 1203
708 Long Bridge 515
718 Long Bridge 1600
1,112 1,028 1,227 1,420 1,175 1,350 1,274 1,292 1,218 1,562 1,436 1,329
Skybox Realty 2022 Q3 Report All Data From SFARMLS
BR / BA 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 2 . 2 2 / 2 2 / 2 2 / 2 SQFT
* Only showing sold homes in buildings featured in this book. Does not include new construction.
Sale Price
$1,195,000 $1,249,000 $1,312,000 $1,400,000 $1,477,500 $1,500,000 $1,565,000 $1,620,000 $1,668,000 $1,698,000 $1,900,000 $2,150,000 $2,180,000
$/SF $1,074.64 $1,214.98 $---$1,140.99 $1,040.49 $1,276.60 $1,159.26 $1,271.59 $1,291.02 $1,394.09 $1,216.39 $1,497.21 $1,640.33
% Sale/List 100.00 97.96 97.19 96.62 105.61 98.17 94.91 96.72 98.82 100.00 95.24 100.00 109.06
© Skybox Realty Inc, 2022 45 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com
Skybox Realty 2022 Q3 Report All Data From SFARMLS # of Transactions 52+ Sold Volume $77,963,769 Vi in Mission Bay (Recent Activity) Vi Pavlicevich
© Skybox Realty Inc, 2022 47 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com Off Market Listings Contact Vi for Upcoming or Off Market Listings! * # of Transactions 163+ Sold Volume $202,457,942 Vi Pavlicevich (Recent Overall Activity)
Vi Pavlicevich Ranked #1 in Mission Bay 415.828.1114 | dre 01906246 vi@skyboxrealty.com www.vipavlicevich.com Click here to subscribe to our digital monthly market updates and quarterly reports.