Dear Neighbors,
2024 condo sales in South Beach improved year-over-year versus a lackluster 2023 market. Total transactions increased by 13% while average price per square foot recovered modestly +3.7%.
The Yerba Buena condo market declined, weighed down by poor price performance at Millennium Tower.
Buyer psychology currently has an opportunistic mindset and is motivated mostly by the notion of getting good deals. The buyer demographic is hyperlocal consisting of renters or people looking to trade up. Two bedrooms are outperforming a stagnant one bedroom market.
The home market is derivative of the office and retail markets, which continue to be bleak despite a robust stock market and strong dollar. The current talk of the town is AI & quantum computing. Rents are holding up well.
We anticipate a flat market in San Francisco condo sales for 2025. Please contact me for a personalized analysis of your real estate needs.
Best Regards, Paul
Hwang,
Ranked #1 in South Beach | 415.216.8746
This document has been prepared by Skybox Realty for advertising and general information 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 liability for loss and damages arising there from.
South Beach & Yerba Buena 2024 Snapshot
South Beach 2024 Snapshot
* Does not include new construction.
# of Transactions 183
YOY
Average Sales Price
$1,445,331
YOY
* Median Price $1,300,000
Average Price per Square Foot
$1,140
YOY
Average Days on the Market
62
YOY
Yerba Buena 2024 Snapshot
Does not include new construction.
# of Transactions 45
YOY
Average Sales Price
$1,151,186
Median Price $970,000
Average Price per Square Foot
$931
Average Days on the Market
79
YOY 12% YOY 20% YOY
Historical Data
* Includes new construction marketed on MLS.
SOUTH BEACH YERBA BUENA
The Infinity
| $2,995,000 (3BR) $1666/sf
| $1,225,000 (2BR) $1050/sf
| $637,500 (1BR) $1165/sf D21D | $2,999,000 (2BR) $2270/sf
| $1,279,000 (2BR) $1004/sf D8H | $779,000 (1BR) $1,063/sf D6J | $999,000 (1BR) $978/sf
D15A
D35D
Buyer Demographic
Lumina
D35E | $3,198,000 (3BR) $1786/sf
D33D | $1,250,000 (1BR) $1298/sf
D30A | $2,425,000 (2BR) $1543/sf
D28C | $2,300,000 (2BR) $1543/sf
D23G | $1,900,000 (2BR) $1356/sf
D22G | $1,700,000 (2BR) $1213/sf
D26C | $2,400,000 (2BR) $1604/sf D22F | $1,530,000 (2BR) $1296/sf
D19C | $2,172,500 (2BR) $1548/sf
C8K | $1,700,000 (2BR) $1274/sf
C7F | $795,000 (1BR) $864/sf
D7H | $920,000 (1BR) $1077/sf C6J | $1,100,000 (1BR) $983/sf C8F | $825,000 (1BR) $897/sf
D5F | $1,350,000 (2BR) $1143/sf
D4G | $1,455,000 (2BR) $1039/sf
D3F | $1,499,000 (2BR) $1269/sf
C7G | $1,798,000 (2BR) $1272/sf
D10D | $989,000 (1BR) $1133/sf D4F | $1,385,000 (2BR) $1173/sf
Buyer Demographic
# of Transactions
* Indicates Developer Sales
39B | $3,750,000 (3BR) $1694/sf *
38B | $3,695,000 (3BR) $1670/sf *
2Q | $1,500,000 (2BR) $1094/sf
39D | $4,700,000 (3BR) $1999/sf *
39A | $3,745,000 (3BR) $1786/sf *
38A | $3,524,000 (3BR) $1660/sf *
37B | $3,495,000 (3BR) $1592/sf *
34C | $1,750,000 (2BR) $1444/sf * 32F | $3,595,000 (3BR) $1812/sf *
30D | $1,420,000 (2BR) $1358/sf *
25E | $2,798,000 (2BR) $2176/sf
23F | $1,198,000 (1BR) $1515/sf *
22D | $1,300,000 (2BR) $1358/sf *
21D | $1,290,000 (2BR) $1249/sf *
19D | $1,275,000 (2BR) $1219/sf * 10C | $1,500,000 (2BR) $1187/sf
8B | $1,499,000 (2BR) $1159/sf
6B | $1,350,000 (2BR) $1087/sf
1F | $849,000 (2BR) $1032/sf *
Demographic
# of Transactions
Not Enough Data to Generate Graph
The Harrison Resales
48C | $2,800,000 (2BR) $1762/sf
47C | $2,415,000 (2BR) $1520/sf
46B | $7,799,000 (3BR) $2427/sf
40E | $1,840,000 (2BR) $1449/sf
31C | $2,000,000 (2BR) $1499/sf
28A | $800,000 (1BR) $952/sf
26F | $925,000 (1BR) $1114/sf
18F | $1,060,000 (1BR) $1277/sf
17D | $1,795,000 (2BR) $1384/sf
12D | $721,000 (2BR) $1188/sf
# of Transactions
One Rincon Hill
3702 | $2,198,000 (2BR) $1679/sf
2703 | $1,650,000 (2BR) $1291/sf
2603 | $1,675,000 (2BR) $1311/sf 2501 | $895,000 (1BR) $1069/sf
Rincon Hill
1st 489 Harrison
Buyer Demographic
# of Transactions
The Metropolitan
Buyer Demographic
Watermark
Buyer Demographic
One Hawthorne
One Hawthorne
Buyer Demographic
The Brannan
| $2,089,000 (2BR) $----/sf
| $1,798,888 (2BR) $1361/sf
| $1,435,000 (2BR) $946/sf
4J | $1,610,000 (2BR) $1013/sf 2G | $900,000 (1BR) $1017/sf 8D | $2,200,000 (2BR) $1633/sf
| $1,598,000 (2BR) $1138/sf
16C | $1,395,000 (2BR) $1056/sf
10G | $1,725,000 (2BR) $1138/sf
9D | $1,368,000 (2BR) $1166/sf
8G | $1,800,000 (2BR) $1187/sf
18E | $1,900,000 (2BR) $1671/sf 5A | $1,528,000 (2BR) $1195/sf 10D | $1,335,000 (2BR) $1138/sf 12D | $1,249,000 (2BR) $1065/sf 5D | $1,212,500 (2BR) $1034/sf
219 / 229 / 239 Brannan
Buyer Demographic
Millennium Tower
301 Mission
Buyer Demographic
# of Transactions
72 Townsend
601
304 |
| $862,000 (1BR) $1094/sf
$1,250,000 (2BR) $1054/sf
Buyer Demographic
608 | $520,000 (1BR) $965/sf
505 | $528,000 (1BR) $1071/sf
804 | $999,000 (2BR) $938/sf
# of Transactions
Bridgeview
Buyer Demographic
Baycrest
201 Harrison
Buyer Demographic
# of Transactions
The Towers
Buyer Demographic
200 Brannan
200 Brannan
Buyer Demographic
Transactions
$/SF
2024 Q4 Sales
Address
333 1st N1006
355 1st S301
355 1st S503
355 1st S810
425 1st 3505
355 1st S202
201 Folsom 17H
401 Harrison 18F
1 Hawthorne 11C
501 Beale 7B
239 Brannan 5D
318 Spear 3A
301 Main 20A
301 Main 27A
229 Brannan 10G
201 Folsom 10F
401 Harrison 26B
338 Main 22F
401 Harrison 18E
333 Beale 8K
301 Main 35F
401 Harrison 40E
401 Harrison 31C
201 Folsom 23E
201 Folsom 26A
229 Brannan 16C
201 Folsom 28G
201 Folsom 41A
851 830 1,321 1,019 1,173 1,274 1,163 1,163 1,517 1,191 1,311 1,181 1,241 1,334 1,323 1,270 1,334 1,366 1,368 1,387 1,401 5,700
* Only showing sold homes in buildings featured in this book. Does not include new construction.
Sale Price
$460,000
$576,000
$748,000
$749,000
$760,000
$888,888
$975,000
$1,060,000
$1,135,000
$1,195,000
$1,212,500
$1,279,000
$1,289,000
$1,290,000
$1,435,000
$1,460,000
$1,485,000
$1,530,000
$1,625,000
$1,700,000
$1,738,000
$1,840,000
$2,000,000
$2,050,000
$2,160,000
$2,200,000
$2,300,000
$6,300,000
$/SF
$909.09
$874.05
$1,049.09
$1,109.63
$1,070.42
$938.64
$1,145.71
$1,277.11
$859.20
$1,172.72
$1,033.67
$1,003.92
$1,108.34
$1,109.20
$945.95
$1,225.86
$1,132.72
$1,295.51
$1,309.43
$1,274.36
$1,313.68
$1,448.82
$1,499.25
$1,500.73
$1,578.95
$1,586.16
$1,641.68
$1,105.26
2024 Q4 Sales cont...
Address
201 Harrison 312
201 Harrison 201
201 Harrison 1125
201 Harrison 204
301 Mission 5E
72 Townsend 312
301 Mission 25J
301 Mission 20G
88 King 621
88 King 724
200 Brannan 322
301 Mission 29C
301 Mission 55A
427 432 795 1,136 900 1,245 1,246 1,145 1,140 2,042 2,170 2,706
* Only showing sold homes in buildings featured in this book. Does not include new construction.
$400,000
$405,000
$567,000
$624,000
$720,000
$911,500
$995,000
$1,025,000
$1,080,000
$1,400,000
$1,750,000
$1,800,000
$2,700,000
181 Fremont
Architect Heller Manus
# in Contract / Sold
Absorption
.7 Units
(2BR)
The Avery
# in Contract / Sold
# of Units 118 Monthly Absorption
.9 Units
Four Seasons Residences
# of Units
# in Contract / Sold
42+
146 Monthly Absorption
1.1 Units
One Steuart Lane
Architect SOM
# of Units
# of Stories
# Sold 47+
Paul Hwang
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Call me to find out how we can feature your off market listing to all of our prospective buyers in our Quarterly Reports!
Paul Hwang Leasing Activity
