Condo Report Mission Bay 2023 Q2 Vi Pavlicevich | Ranked #1 in Mission Bay 415.828.1114 | vi@skyboxrealty.com
Hello Neighbors,
Summer is finally here, but it seems the housing market is heating up everywhere in the Bay Area except for San Francisco.
News about big retailers leaving the city, tech companies still not enforcing employees to return to office, and rates hovering under 7% are some main reasons contributing to a slow, yet steady San Francisco market. And steady is good relative to what San Francisco had experienced in the last few years!
In Mission Bay, the months of supply is at 2.5 months, similar to pre-COVID in February 2020. Month of supply tells you how many months it would take for all the current homes for sale on the market to sell, given a monthly sales volume.
There are so many headlines about high interest rates affecting buyers negatively, but high rates affect both buyers and sellers.
Sellers aren’t motivated to sell since they’re locked in at a low mortgage rate; sellers are staying put, and this has kept inventory low. Buyers may be looking, but they’re cautious and taking their time; this has caused longer Days on Market.
Although demand has gone down throughout the city, the supply has gone down as well; there is a decline in home prices, but the decline isn’t drastic. Things are slowly improving in the city, but it’s going to take at least 3/4 years to see big improvements in San Francisco home prices.
Your Neighbor, Vi Pavlicevich3 Months 6 Months 9 Months 12
2022 2023 2021 2020 Skybox Realty 2023 Q2 Report All Data From SFARMLS
Months
© Skybox Realty Inc, 2023 3 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com Table of Contents Mission Bay 2023 Q2 Snapshot 235 Berry 255 Berry Arterra Park Terrace The Beacon Madrone Radiance Arden One Mission Bay 2023 Q2 Solds Who You Work With Matters 5 6 - 9 10 - 13 14 - 17 18 - 21 22 - 25 26 - 29 30 - 33 34 - 37 38 - 41 42 - 43 44 - 45
I 280 MISSION BAY UCSF Mission Bay UCSF Medical Center The Chase Center Caltrain 16TH ST CHANNELST LONGBRIDGEST 4TH ST 3RD ST MISSION BAY BLVD NORTH OWENSST MARIPOSA ST TENNESSEE ILLINOIS ST TERRY A FRANCOIS BLVD SOUTH ST MISSIONCREEK BERRY ST CHINA BASIN ST BRIDGEVIEW WAY MISSISSIPPI ST Mariposa Park China Basin Park Oracle Park THE BEACON ONE MISSION BAY BERRY235 BERRY255 BERRY300 BERRY325 RADIANCE MADRONE ARDEN
© Skybox Realty Inc, 2023 5 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com
of Transactions
Square Foot
Average Sales Price
Days on the Market
30% YOY / 44% QOQ 15% YOY / 13% QOQ 12% YOY / 6.6% QOQ 14% YOY / 37% QOQ * Median Price $947,500
Mission Bay 2023 Q2 #
26 Average Price per
$970
$1,004,194 Average
49
235 Berry
All Data From SFARMLS
307 | $1,395,000 (2BR) $1130/sf
© Skybox Realty Inc, 2023 7 SOLD ACTIVE IN CONTRACT OFF MARKET
All Data From SFARMLS
# of Transactions 0 Average Sales Price $------- YOY / ---- QOQ ---- YOY / ---- QOQ * Median Price $---Q2 Q1 Q4 Q3 Price Per SF MEDIAN $/SF $1200 $1100 $1000 $900 AVG $/SF $1,039/SF $1,053/SF
235 Berry
© Skybox Realty Inc, 2023 9 235 Berry Buyer Demographic Average $/SF $---Average Days on Market ------- YOY / ---- QOQ ---- YOY / ---- QOQ CASH LOAN UNKNOWN 2022 Q4 2023 Q1 2023 Q2 No Sales in 2023 Q1 No Sales in 2023 Q2
255 Berry
All Data From SFARMLS
301 | $1,420,000 (2BR) $1081/sf
112 | $1,300,000 (2BR) $1052/sf
© Skybox Realty Inc, 2023 11 SOLD ACTIVE IN CONTRACT OFF MARKET
All Data From SFARMLS
# of Transactions 1 Average Sales Price $1,300,000 66% YOY / ---- QOQ ---- YOY / 5.5% QOQ * Median Price $1,300,000 Q2 Q1 Q4 Q3 Price Per SF MEDIAN $/SF $1200 $1100 $1000 $900 AVG $/SF $1,148/SF $944/SF $1,052/SF
255 Berry
© Skybox Realty Inc, 2023 13 255 Berry Buyer Demographic Average $/SF $1,052 Average Days on Market 115 2.7% YOY / 11% QOQ 259% YOY / 55% QOQ CASH LOAN UNKNOWN 2022 Q4 2023 Q1 2023 Q2
Arterra
All Data From SFARMLS
© Skybox Realty Inc, 2023 15 SOLD ACTIVE IN CONTRACT OFF MARKET
814 | $749,995 (1BR) $1130/sf
All Data From SFARMLS Arterra # of Transactions 0 100% YOY / 100% QOQ Average Sales Price $---100% YOY / 100% QOQ * Median Price $1,140,500 Q1 Q4 Q3 Price Per SF MEDIAN $/SF $1250 $1150 $1050 $950 AVG $/SF $1,010/SF Q2 $1,123/SF $1,192/SF
© Skybox Realty Inc, 2023 17 300 Berry Average $/SF $---Average Days on Market ---Buyer Demographic 100% YOY / 100% QOQ 100% YOY / 100% QOQ CASH LOAN UNKNOWN 2022 Q4 2023 Q1 2023 Q2 No Sales in 2023 Q2
Park Terrace
All Data From SFARMLS
322 | $792,888 (1BR) $988/sf
© Skybox Realty Inc, 2023 19 SOLD ACTIVE IN CONTRACT OFF MARKET
320 | $1,430,000 (2BR) $1104/sf
Park Terrace
All Data From SFARMLS
# of Transactions 1 50% YOY / 100% QOQ Average Sales Price $1,430,000 21% YOY / 100% QOQ * Median Price $1,430,000 Q2 Q1 Q4 Q3 Price Per SF MEDIAN $/SF $1100 $1000 $900 $800 AVG $/SF $1,104/SF $1,043/SF
© Skybox Realty Inc, 2023 21 325 Berry Average $/SF $1,104 Average Days on Market 0 Buyer Demographic 2.3% YOY / 100% QOQ 100% YOY / ---- QOQ CASH LOAN UNKNOWN 2022 Q4 2023 Q1 2023 Q2 No Sales in 2023 Q1
The Beacon
All Data From SFARMLS
561 | $579,000 (1BR) $937/sf 1418 | $1,162,500 (2BR) $962/sf 421 | $680,000 (1BR) $978/sf 429 | $599,000 (1BR) $998/sf 618 | $980,000 (2BR) $819/sf
© Skybox Realty Inc, 2023 23 SOLD ACTIVE IN CONTRACT OFF
647 | $599,000 (1BR) $869/sf 1501 | $895,000 (1BR) $1076/sf 451 | $999,000 (2BR) $931/sf 704 | $530,000 (1BR) $903/sf 409 | $740,000 (1BR) $899/sf 462 | $1,350,000 (2BR) $875/sf 553 | $525,000 (1BR) $944/sf 812 | $719,888 (1BR) $811/sf 1211 | $725,000 (1BR) $791/sf 1300 | $1,100,088 (2BR) $903/sf 1115 | $740,000 (1BR) $819/sf 581 | $590,000 (1BR) $887/sf 575 | $675,000 (1BR) $743/sf 1009 | $875,000 (1BR) $1063/sf
MARKET
All Data From SFARMLS
# of Transactions 12 53% YOY / 71% QOQ Average Sales Price $745,123 14% YOY / 16% QOQ * Median Price $699,944 Q2 Q1 Q4 Q3 Price Per SF MEDIAN $/SF $1000 $900 $800 $700 AVG $/SF $897/SF $898/SF $861/SF $871/SF
The Beacon
© Skybox Realty Inc, 2023 25 250 / 260 King Average $/SF $897 Average Days on Market 75 Buyer Demographic 12% YOY / 2.9% QOQ 104% YOY / 26% QOQ CASH LOAN UNKNOWN 2022 Q4 2023 Q1 2023 Q2
All Data From SFARMLS Madrone 503 | $1,325,000 (2BR) $1252/sf 205 | $1,310,000 (2BR) $1105/sf 621 | $1,170,000 (1BR) $1060/sf 442 | $1,449,000 335 | $1,299,000 (2BR) $1105/sf 631 | $2,100,000
© Skybox Realty Inc, 2023 27 SOLD ACTIVE IN CONTRACT OFF MARKET 332 | 1,530,000 (2BR) $1238/sf 618 | $1,689,500 (2BR) $1231/sf 440 | $1,199,000 (2BR) $1067/sf $1,449,000 (2BR) $1232/sf $2,100,000 (3BR) $1318/sf 216 | $920,000 (1BR) $1044/sf
All Data From SFARMLS Madrone # of Transactions 4 33% YOY / 20% QOQ Average Sales Price $1,232,500 35% YOY / 4.8% QOQ * Median Price $1,240,000 Q2 Q1 Q4 Q3 Price Per SF MEDIAN $/SF $1400 $1300 $1200 $1100 AVG $/SF $1,244/SF $1,010/SF $1,136/SF $1,112/SF
© Skybox Realty Inc, 2023 29 420 / 480 Mission Bay, 435 China Basin Average $/SF $1,112 Average Days on Market 29 Buyer Demographic 18% YOY / 2.2% QOQ 81% YOY / 10% QOQ CASH LOAN UNKNOWN 2022 Q4 2023 Q1 2023 Q2
All Data From SFARMLS
Radiance
306 | $899,000 (1BR) $1061/sf
© Skybox Realty Inc, 2023 31 SOLD ACTIVE IN CONTRACT OFF MARKET
902 | $1,610,000 (2BR) $1019/sf
302 | $1,299,000 (2BR) $998/sf
All Data From SFARMLS Radiance # of Transactions 2 ---- YOY / 100% QOQ Average Sales Price $1,454,500 11% YOY / 100% QOQ * Median Price $1,454,500 Q2 Q1 Q4 Q3 Price Per SF MEDIAN $/SF $1200 $1100 $1000 $900 AVG $/SF $1,079/SF $1,009/SF
© Skybox Realty Inc, 2023 33 330 Mission Bay, 325 China Basin Average $/SF $1,009 Average Days on Market 62 Buyer Demographic 13% YOY / 100% QOQ 114% YOY / 100% QOQ CASH LOAN UNKNOWN 2022 Q4 2023 Q1 2023 Q2 No Sales in 2022 Q4 No Sales in 2023 Q1
All Data From SFARMLS
201 | $1,350,000 (2BR) $1047/sf 413 | $1,398,000 (1BR) $1283/sf 306 | $1,698,000 (2BR) $1192/sf 311 | $1,895,000 (2BR)
Arden
1303 | $2,798,000 (3BR) $1429/sf
804 | $2,098,888 (2BR) $1463/sf
415 | $1,700,000 (2BR) $1230/sf (2BR) $1254/sf
302 | $1,650,000 (2BR) $1278/sf
212 | $1,650,000 (2BR) $1258/sf
© Skybox Realty Inc, 2023 35 SOLD ACTIVE IN CONTRACT OFF MARKET
All Data From SFARMLS Arden # of Transactions 3 25% YOY / 66% QOQ Average Sales Price $1,582,667 30% YOY / 17% QOQ * Median Price $1,698,000 Q2 Q1 Q4 Q3 Price Per SF MEDIAN $/SF $1500 $1400 $1300 $1200 AVG $/SF $1,397/SF $1,325/SF $1,476/SF $1,156/SF
© Skybox Realty Inc, 2023 37 Average $/SF $1,156 Average Days on Market 35 Buyer Demographic 3.9% YOY / 22% QOQ 44% YOY / 100% QOQ CASH LOAN UNKNOWN 2022 Q4 2023 Q1 2023 Q2 708 / 718 Long Bridge
One Mission Bay Resales
All Data From SFARMLS
104 | $1,495,000 (2BR) $1451/sf 913 | $1,298,000 (2BR) $1293/sf 605 | $1,499,000 (2BR) $1287/sf 508 | $989,000 (1BR) $1192/sf 628 | $989,000 (2BR) $1187/sf
© Skybox Realty Inc, 2023 39 SOLD ACTIVE IN CONTRACT OFF MARKET 318 | $975,000 (1BR) $1271/sf 619 | $1,548,000 (2BR) $1322/sf 806 | $1,289,000 (2BR) $1115/sf 1106 | $1,495,000 (2BR) $1180/sf 402 | $1,679,000 (2BR) $1273/sf
One Mission Bay Resales
All Data From SFARMLS
# of Transactions 1 33% YOY / 50% QOQ Average Sales Price $975,000 8.7% YOY / 23% QOQ * Median Price $975,000 Q2 Q1 Q4 Q3 Price Per SF MEDIAN $/SF $1300 $1200 $1100 $1000 AVG $/SF $1,245/SF $1,175/SF $1,123/SF $1,271/SF
© Skybox Realty Inc, 2023 41 Average $/SF $1,271 Average Days on Market 31 Buyer Demographic 13% YOY / 13% QOQ 196% YOY / 83% QOQ CASH LOAN UNKNOWN 2022 Q4 2023 Q1 2023 Q2 1000 3rd, 110 Channel
2023 Q2 Sales
250 King 704
260 King 581
260 King 647
260 King 575
260 King 421
250 King 812 260 King 1211 260
Skybox Realty 2023 Q2 Report All Data From SFARMLS
Address
260 King 553
260 King 1501 435 China Basin 216 110 Channel 318 250 King 1300 250 King 1418 435 China Basin 621 330 Mission Bay 302 255 Berry 112 435 China Basin 205 718 Long Bridge 201 325 Berry 320 435 China Basin 332 330 Mission Bay 902 708 Long Bridge 306 708 Long Bridge 415
1 / 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 2 / 2 1 / 1 2 / 2 2 / 2.5 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 SQFT 556 587 665 689 908 695 888 916 823 832 881 767 1,218 1,208 1,104 1,301 1,236 1,185 1,290 1,295 1,236 1,580 1,425 1,382
King 409
BR / BA
* Only showing sold homes in buildings featured in this book. Does not include new construction.
© Skybox Realty Inc, 2023 43 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com
Sale Price $525,000 $530,000 $590,000 $599,000 $675,000 $680,000 $719,888 $725,000 $740,000 $895,000 $920,000 $975,000 $1,100,088 $1,162,500 $1,095,000 $1,299,000 $1,300,000 $1,310,000 $1,350,000 $1,430,000 $1,530,000 $1,610,000 $1,698,000 $1,700,000 $/SF $944.24 $902.90 $887.22 $869.38 $743.39 $978.42 $810.68 $791.48 $899.15 $1,075.72 $1,044.27 $1,271.19 $903.19 $962.33 $1,059.78 $998.46 $1,051.78 $1,105.49 $1,046.51 $1,104.25 $1,237.86 $1,018.99 $1,191.58 $1,230.10 % Sale/List 95.80 88.48 87.41 100.00 93.10 100.00 100.00 98.64 102.07 100.00 101.10 97.70 100.01 98.52 106.85 100.00 96.37 100.85 103.93 98.62 98.72 94.76 100.00 100.00
Vi Pavlicevich
Vi in Mission Bay (Recent Activity)
# of Transactions
55+ Sold Volume
$81,358,769
Skybox Realty 2023 Q2 Report All Data From SFARMLS
© Skybox Realty Inc, 2023 45 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com Off Market Listings Contact Vi for Upcoming or Off Market Listings! * # of Transactions 170+ Sold Volume $213,261,942 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.