Hello Neighbors,
Fall is upon us, as Q3 has come and gone. Prices have stabilized, as sellers have accepted lower pricing. Mission Bay Sales are sluggish, but well priced units are moving. Office space continues to be unused at historically high vacancy rates. Union Square has continued to spiral. Condominium sales have passed through their seasonal highs and we have entered into the slow season. One bedroom sales have been much slower compared to two bedroom sales.
There has been much talk of the effect of the Federal Reserve cut in interest rates. Are additional rate cuts in 2025 beneficial for condominium sales in San Francisco? We must examine the underlying reason the Fed would cut rates. Although they would make home purchases more affordable, it also likely means the economy is suffering. The inverted yield curve of the past 20 months suggests recession is near. I believe cutting rates would be an indicator of a slow economy. Any kind of recession may be a mild one as companies have already started to cut costs.
Rents have held up very well and are constant. What lies ahead? The future depends on the leaders we elect. The elections are your chance to voice your opinion. Please vote! We would love to help you with any of your real estate needs, just give us a call.
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.
BLVD
Mariposa
Mission Bay 2024 Q3
# of Transactions 21
Average Sales Price $1,143,667
Median Price $1,015,000
Average Price per Square Foot
$1,040
Average Days on the Market 56
# of Transactions
Average Sales Price
Average $/SF $903
Buyer Demographic
Average Days on Market
# of Transactions
Average Sales Price
Average $/SF $982
Buyer Demographic
Average Days on Market 19
Arterra
of Transactions
Buyer Demographic
Park Terrace
Park Terrace
# of Transactions
Buyer Demographic
The Beacon
Buyer Demographic
| $790,000 (1BR) $938/sf
| $1,450,000 (2BR) $1272/sf
$1,250,000 (2BR) $1063/sf
| $1,225,000 (1BR) $1123/sf
| $950,000 (1BR) $1017/sf
| $1,675,000 (2BR) $1272/sf
# of Transactions
420 / 480 Mission Bay, 435 China Basin
Average $/SF $1,083
Buyer Demographic
Average Days on Market
61
Radiance
515 | $1,450,000 (2BR) $1120/sf
330 Mission Bay, 325 China Basin
Buyer Demographic
Arden
| $3,275,000 (3BR) $1765/sf 900 | $1,669,000 (2BR) $1252/sf 113 | $1,345,000 (2BR) $1115/sf
1402 | $2,295,000 (2BR) $1631/sf
1001 | $1,699,000 (2BR) $1377/sf
302 | $1,550,000 (2BR) $1201/sf
215 | $1,549,000 (2BR) $1126/sf
# of Transactions
Average $/SF $1,508 Average Days on Market 67
Buyer Demographic
One Mission Bay
411 | $1,330,000 (2BR) $1147/sf 1605 | $1,698,000 (2BR) $1394/sf
One Mission Bay
of Transactions
1000 3rd, 110 Channel
Average $/SF $1,234 Average Days on Market 37
Buyer Demographic
2024 Q3 Sales
Address
260 King 953
260 King 731
260 King 743
300 Berry 304
260 King 1407
260 King 1507
300 Berry 915
435 China Basin 116
420 Mission Bay 405
250 King 418
255 Berry 520
235 Berry 405
480 Mission Bay 615
435 China Basin 442
255 Berry 301
110 Channel 411
718 Long Bridge 900
420 Mission Bay 802
110 Channel 303
708 Long Bridge 1309
/
/
/
3 /
3 / 3 SQFT 693 688 732 896 896 730 842 934 1,197 1,123 1,268 1,091 1,176 1,313 1,160 1,326 1,317 1,272 1,856
* Only showing sold homes in buildings featured in this book. D oes not include new construction or bmrs.
Sale Price
$520,000
$615,000
$619,000
$680,000
$725,000
$745,000
$749,000
$790,000
$950,000
$975,000
$1,099,000
$1,145,000
$1,225,000
$1,250,000
$1,295,000
$1,330,000
$1,660,000
$1,675,000
$1,680,000
$3,275,000
$1,026.03 $938.24 $1,017.13 $814.54
$978.63 $903.00
$1,122.83
$1,062.93 $986.29
$1,146.55 $1,251.89 $1,271.83
$1,320.75 $1,764.55
# of Transactions 117+ Sold Volume
$205,750,900 Paul Hwang Activity (2021-2024 Sales)
Paul Hwang
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
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Paul Hwang Leasing Activity
