2022 Q3 / South Beach & Yerba Buena Condo Report

Dear Neighbors,

South Beach condo sales declined 43% Q3 to Q2 and 56% YOY 2022 to 2021. Average days on the market nearly doubled to 82 days.. Inventory has swelled to 112 MLS listed units as sales were unable to maintain earlier 2022 momentum. Yerba Buena exhibited similar patterns.

Open House traffic is very slow. It is a buyer’s market once again as we head into the winter months. The crypto crash, equities decline and increasing interest rates have priced the first time buyers out. Interestingly, these buyers have been forced to rent, and rents have increased significantly. The buyer / renter demographic is primarily current South Beach residents.

Primary buildings / units are performing better than secondary and tertiary units. Even so, only well priced units are getting into contract. I expect continued downward pressure on condominium sales for the next two quarters. Something material in the labor and equities market needs to pivot for demand to increase in condominium sales. Of course, this offers a buying opportunity for investors. Owners of tangible assets, such as real estate, will benefit from a rising interest rate environment (eg inflation).

Winter is coming, and now more than ever it is paramount to consider the details of the data when choosing a personalized marketing plan for your individual residence. The Skybox Realty team is on the streets, working everyday in South Beach and can give you real time feedback. I am very proud of the intelligence, diligence and fiduciary nature of our team, who is Ranked #1 in Sales and Leasing once again in 2022. We look forward to being of service to you.

Best Regards, Paul Hwang, Ranked #1 in South Beach | 415.216.8746

This document has been prepared by Skybox Realty for advertising and general informa tion 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 li ability for loss and damages arising there from.

Table of Contents

South Beach & Yerba Buena Market Snapshot

The Infinity

Lumina Resales

The Harrison Resales

One Rincon Hill

The Metropolitan Watermark

One Hawthorne

The Brannan

Millennium Tower

72 Townsend Portside

6 - 7 8 - 11 12 - 15 16 - 19 20 - 23 24 - 27 28 - 31 32 - 35 36 - 39 40 - 43 44 - 47 48 - 51

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Bridgeview

Baycrest

The Towers

200 Brannan

2022 Q3 Sales

181 Fremont Mira

The Avery

Four Seasons Residences

One Steuart Lane

Who You Work With Matters

© Skybox Realty Inc, 2022 5 52 - 55 56 - 59 60 - 63 64 - 67 68 - 71 72 - 73 74 - 75 76 - 77 78 - 79 80 - 81 82 - 83

5.9% YOY /

YOY /

$870,000

YOY /

/

MARKET

SOLD ACTIVE IN CONTRACT

B32G | $2,450,000 (3BR) $1522/sf

B31F | $1,799,000 (2BR) $1360/sf

B30A | $2,200,000 (2BR) $1735/sf

B29F | $1,999,000 (2BR) $1518/sf

B28E | $2,850,000 (3BR) $1697/sf

B24B | $2,150,000 (2BR) $1633/sf

B21A | $1,525,000 (2BR) $1311/sf

B15CD | $4,000,000 (2BR) $1840/sf

B11C | $1,089,000 (1BR) $1346/sf

C6G | $875,000 (1BR)

D35E

D34C

(2BR) $1908/sf

D30A

D26B

D18C

D8H

SOLD ACTIVE IN CONTRACTOFF MARKET

A8C | $1,299,000 (1BR) $1471/sf

A7A | $859,000 (1BR) $1292/sf

A4C | $1,274,000 (1BR) $1220/sf

A4B | $1,795,000 (2BR) $1284/sf

A4I | $1,165,000 (1BR) $1165/sf

B42AB | $5,950,000 (2BR) $2403/sf

B40E | $3,685,000 (3BR) $2066/sf

B32E | $3,575,000 (3BR) $2004/sf

B30E | $3,498,000 (3BR) $1961/sf

B18H | $1,098,000 (1BR) $1290/sf

B11D | $1,099,000 (1BR) $1254/sf

B7E | $1,500,000 (2BR) $1098/sf

B5A | $1,758,000 (2BR) $1285/sf

B4A | $1,868,000 (2BR) $1366/sf

B3B | $1,315,000 (2BR) $1106/sf

The Harrison

Indicates Remaining Developer Inventory

46A | $2,750,000 (2BR) $1669/sf

32G | $1,156,000 (1BR) $1525/sf *

SOLD ACTIVE IN CONTRACTOFF MARKET

46C | $2,825,000 (2BR) $1778/sf *

42D | $3,250,000 (3BR) $1667/sf *

40D | $2,750,000 (2BR) $2196/sf *

39E | $2,645,000 (2BR) $2039/sf *

32F | $1,360,000 (1BR) $1639/sf *

16A | $1,050,000 (1BR) $1250/sf

12C | $1,699,000 (2BR) $1321/sf

OFF MARKET

SOLD ACTIVE IN CONTRACT

5202 | $2,900,000 (3BR) $1471/sf

5103 | $2,295,000 (2BR) $1728/sf

4706 | $2,195,000 (2BR) $1773/sf

4205 | $845,000 (1BR) $1190/sf

3908 | $1,298,000 (1BR) $1719/sf

3702 | $2,269,000 (2BR) $1733/sf

3206 | $1,795,000 (2BR) $1450/sf

2903 | $3,095,000 (3BR) $1605/sf

2806 | $2,095,000 (2BR) $1652/sf

2501 | $1,200,000 (1BR) $1434/sf

2005 | $929,000 (1BR) $1308/sf

1008 | $925,000 (1BR) $1225/sf

Watermark

38C | $2,795,000 (2BR) $1288/sf

406 | $1,600,000 (1BR) $980/sf

OFF MARKET

SOLD ACTIVE IN CONTRACT

PH1 | $1,700,000 (2BR) $984/sf

54A | $2,725,000 (2BR) $1007/sf

52B | $6,880,000 (3BR) $2075/sf

47F | $2,198,888 (3BR) $1373/sf

43A | $1,295,000 (2BR) $854/sf

42D | $3,000,000 (3BR) $1537/sf

40A | $1,250,000 (2BR) $824/sf

39B | $1,495,000 (2BR) $905/sf

38D | $1,910,000 (2BR) $978/sf

35A | $1,795,000 (2BR) $1183/sf

28A | $1,255,000 (2BR) $827/sf

21F | $1,990,000 (3BR) $1055/sf

7G | $1,099,000 (2BR) $867/sf

5A | $1,300,000 (2BR) $879/sf

902 | $2,825,000 (2BR) $1641/sf

807 | $1,749,000 (2BR) $1231/sf

408 | $1,150,000 (1BR) $1144/sf

308 | $988,800 (1BR) $1041/sf

2022 Q3 Sales

Address

1 Hawthorne 2J

355 1st 1401

318 Spear 4F

318 Main 4I

425 1st 2501

338 Spear 6A

1 Hawthorne 20E

333 1st 1404

201 Folsom 3B

401 Harrison 32F

338 Spear 12H

338 Main 10E

338 Main 21E

229 Brannan 18J

239 Brannan 18G

301 Main 32G

401 Harrison PH46A

425 1st 5202

401 Harrison 42D

338 Spear 35C

301 Main 15CD

804 675 828 1,000 837 1,167 1,243 1,189 830 1,323 1,382 1,382 1,412 1,516 1,610 1,648 1,971 1,949 1,732 2,174

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

Sale Price

$619,000 $835,000 $849,000 $1,165,000 $1,200,000 $1,200,000 $1,300,000 $1,310,000 $1,315,000 $1,360,000 $1,412,500 $1,550,000 $1,900,000 $1,999,000 $2,250,000 $2,450,000 $2,750,000 $2,900,000 $3,250,000 $3,510,000 $4,000,000

$/SF $769.90 $1,237.04 $1,025.36 $1,165.00 $1,433.69 $1,028.28 $1,045.86 $---$1,105.97 $1,638.55 $1,067.65 $1,121.56 $1,374.82 $1,415.72 $1,484.17 $1,521.74 $1,668.69 $1,471.33 $1,667.52 $2,026.56 $1,839.93

% Sale/List 77.47 98.35 100.00 97.16 96.00 97.64 96.30 97.04 100.00 97.14 96.15 97.18 88.89 100.00 98.04 98.20 92.44 93.70 90.40 95.12 96.97

2022 Q3 Sales cont...

Address

201 Harrison 122

201 Harrison 818

201 Harrison 500

38 Bryant 906

400 Beale 313

200 Brannan 225

400 Beale 2004

403 Main 519N

400 Beale 1401

400 Beale 2106

400 Beale 2201

88 King 716

88 King 1117

301 Mission 38D

88 King 1122

200 Brannan 424

301 Mission 54A

72 Townsend 902

347 427 432 582 887 782 832 864 1,223 1,215 1,223 1,227 1,412 1,952 1,412 1,939 2,706 1,722

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

Sale Price

$367,000 $435,000 $495,000 $700,000 $715,000 $820,000 $838,000 $915,000 $1,100,000 $1,214,000 $1,330,000 $1,500,000 $1,535,000 $1,910,000 $1,999,000 $2,500,000 $2,725,000 $2,825,000

$/SF

$1,057.64 $1,018.74 $1,145.83 $1,202.75 $806.09 $1,048.59 $1,007.21 $1,059.03 $899.43 $999.18 $1,087.49 $1,222.49 $1,087.11 $978.48 $1,415.72 $1,289.32 $1,007.02 $1,640.53

% Sale/List

94.34 96.88 100.00 96.55 95.46 94.80 98.82 98.92 88.07 97.12 96.73 100.07 99.10 100.58 105.21 92.76 92.37 86.95

67B

67C

$7,950,000 (3BR) $3225/sf

$5,400,000 (2BR) $3089/sf

63A

62D

$3,438,000 (2BR) $2188/sf

$5,660,000 (3BR) $3007/sf 60A

62A

$4,000,000 (3BR)

58A

$4,900,000 (2BR) $2544/sf

54E

$1,700,000 (1BR) $2179/sf

© Skybox Realty Inc, 2022 73 $4,200,000 (3BR) $2194/sf

Lane