Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
South Beach & Yerba Buena
Condo Report 2023
Paul Hwang | Ranked #1 in South Beach 415.216.8746 | paul@skyboxrealty.com
© Skybox Realty Inc, 2024
1
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Dear Neighbors, Adios 2023 & Aloha 2024! Condo sales declined 25% YOY in 2023 in South Beach & Yerba Buena, with only well priced units selling at an avg of $1,099/sf in South Beach and $1,063/sf in Yerba Buena. Although Lumina & Millennium Tower saw an increase in sales YOY, the majority of condo complexes experienced lower year over year sales. This was due to a confluence of negative factors; Tech / Finance layoffs, a 30%+ office vacancy rate, an almost tripling of mortgage rates to 7.5%+, retail exodus, and negative local / national press. So what’s next for SF condos, have we bottomed? I think it’s important to note that 2024 is an election year, and typically interest rates go down and equities go up in election years, which is good for SF condo sales. Conditions should improve, but demand may remain stagnant as buyers wait to see how things change throughout the year. AI companies have gravitated to San Francisco and many companies are calling for a return to office work, but I think it will take multiple years for office vacancy to be absorbed. Taking all the factors into account and the fact that prices have corrected to bargain levels, I think sales will remain flat for 2024. Rents have been strong, but I see them possibly declining slightly in 2024. Opportunities exist for sharp investors to capitalize on low prices. Now more than ever it is imperative to build the best real estate team you can. We have been here since the beginning, are on the ground every day, and are ready to assist you in all 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.
3
Skybox Realty 2023 Annual Report
Table of Contents
South Beach & Yerba Buena 2023 Snapshot
6-7
Historical Data
8-9
The Infinity
10 - 13
Lumina Resales
14 - 17
The Harrison Resales
18 - 21
One Rincon Hill
22 - 25
The Metropolitan
26 - 29
Watermark
30 - 33
One Hawthorne
34 - 37
The Brannan
38 - 41
Millennium Tower
42 - 45
72 Townsend
46 - 49
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Portside
50 - 53
Bridgeview
54 - 57
Baycrest
58 - 61
The Towers
62 - 65
200 Brannan
66 - 69
2023 Q4 Sales
70 - 71
181 Fremont
72 - 73
Mira
74 - 75
The Avery
76 - 77
Four Seasons Residences
78 - 79
One Steuart Lane
80 - 81
Who You Work With Matters
82 - 83
© Skybox Realty Inc, 2024
5
Skybox Realty 2023 Annual Report
South Beach 2023 Snapshot * Does not include new construction.
# of Transactions
162 31% YOY
Average Sales Price
$1,388,297 .79% YOY
* Median Price $1,175,000
Average Price per Square Foot
$1,099 7.3% YOY
Average Days on the Market
71
31% YOY
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Yerba Buena 2023 Snapshot * Does not include new construction.
# of Transactions
59
3.3% YOY Average Sales Price
$1,387,797 10% YOY
* Median Price $865,000
Average Price per Square Foot
$1,063 4.5% YOY
Average Days on the Market
99
43% YOY
© Skybox Realty Inc, 2024
7
Skybox Realty 2023 Annual Report
Historical Data * Includes new construction marketed on MLS.
# of Transactions
S O U TH B E ACH
YERB A B UEN A
150 125 100 75 50 25 2013
2015
2017
Average Sales Price
2019
2021
S O U TH B E ACH
2023
YERB A B UEN A
$3M $2.6M $2.2M $1.8M $1.4M $1M 2013
2015
2017
2019
2021
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Average $/SF
S O U TH B E ACH
YERB A B UEN A
$1.5K $1.4K $1.3K $1.2K $1.1K $1K 2013
2015
2017
Average DOM
2019
S O U TH B E ACH
2021
2023
YERB A B UEN A
120 100 80 60 40 20 2013
2015
2017
© Skybox Realty Inc, 2024
2019
2021
2023
9
The Infinity * Listed/Sold by Skybox
(55%)
* D22A | $1,330,000 (2BR) $1140/sf D18B | $1,800,000 (2BR) $1361/sf
D11F | $1,180,000 (2BR) $895/sf
A8E | $860,000 (1BR) $1067/sf
A8A | $1,775,000 (3BR) $1110/sf * A6K | $900,000 (1BR) $1082/sf
* D3C | $820,000 (1BR) $1026/sf * D3B | $1,150,000 (2BR) $861/sf
A3B | $1,300,000 (2BR) $939/sf
*
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
B31F | $1,510,000 (2BR) $1141/sf B29B | $2,850,000 (3BR) $1748/sf * B28E | $2,440,000 (3BR) $1383/sf * B26C | $1,100,000 (1BR) $1360/sf *
B21F | $1,399,000 (2BR) $1070/sf *
B17E | $1,150,000 (2BR) $975/sf B15B | $1,650,000 (2BR) $1253/sf B15E | $1,265,000 (2BR) $1072/sf
B10C | $888,000 (1BR) $1098/sf
C7C | $825,000 (1BR) $1012/sf C6F | $830,000 (1BR) $1004/sf C4C | $825,000 (1BR) $1012/sf
© Skybox Realty Inc, 2024
* *
*
B3B | $1,500,000 (2BR) $823/sf
11
The Infinity 301 / 333 Main 318 / 338 Spear
Price Per SF Q4
$1,142/SF
Q3
$1,173/SF
Q2
$1,095/SF
Q1
$1,098/SF $900
A VG $/ S F
$1000
MED I A N $/S F
$1 100
$1200
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
20 17% YOY
Average DOM
59 48% YOY
Average $/SF
$1,130 20% YOY
Average Sales Price
$1,351,100 30% YOY
2023 $/SF Distribution
$ 5 1 0 / SF
* Median Price $1,222,500
S T A N D A R D D EV I A TI O N = $206.53
$1130/SF
$1750/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
13
Lumina
D34C | $2,325,000 (2BR) $1559/sf D34A | $2,275,000 (2BR) $1447/sf
D30B | $5,450,000 (4BR) $2030/sf D30A | $2,850,000 (2BR) $1813/sf
D22G | $1,790,000 (2BR) $1278/sf D21A | $1,875,000 (2BR) $1360/sf
D18C | $2,085,000 (2BR) $1486/sf
C7C | $920,000 (1BR) $1004/sf C6J | $1,150,000 (1BR) $1028/sf D5F | $1,369,000 (2BR) $1159/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
B42AB | $4,200,000 (2BR) $1696/sf B40E | $3,000,000 (3BR) $1682/sf
B36C | $2,050,000 (2BR) $1371/sf
B33B | $4,900,000 (3BR) $1826/sf
B29C | $2,148,000 (2BR) $1437/sf
B24C | $1,880,000 (2BR) $1340/sf
B19E | $1,825,000 (2BR) $1336/sf
B12F | $1,275,000 (2BR) $1071/sf B11D | $1,050,000 (1BR) $1199/sf
A7D | $1,175,000 (1BR) $1241/sf A6C | $1,140,000 (1BR) $1092/sf A4B | $1,500,000 (2BR) $1073/sf A3F | $2,395,000 (2BR) $1210/sf
© Skybox Realty Inc, 2024
A8C | $1,225,000 (1BR) $1387/sf
B5A | $1,450,000 (2BR) $1060/sf
15
Lumina 318 / 338 Main 333 Beale 201 Folsom
Price Per SF Q4
$1,366/SF
Q3
$1,284/SF
Q2
$1,515/SF
Q1
$1,060/SF $900
A VG $/ S F
$1100
MED I A N $/S F
$1 300
$1500
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
16 24% YOY
Average DOM
132 100% YOY
Average $/SF
$1,358 .89% YOY
Average Sales Price
$2,187,188 31% YOY
2023 $/SF Distribution
$ 5 0 2 / SF
* Median Price $1,965,000
S T A N D A R D D EV I A TI O N = $285.19
$1358/SF
$2214/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
17
The Harrison Resales * Indicates Remaining Developer Inventory
46B | $7,799,000 (2BR) $2426/sf
32G | $1,000,000 (1BR) $1319/sf *
11E | $860,000 (1BR) $1216/sf 10E | $860,000 (1BR) $1216/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
46C | $2,225,000 (2BR) $1400/sf *
40D | $2,430,000 (2BR) $1941/sf * 39E | $2,403,300 (2BR) $1853/sf *
35C | $2,128,000 (2BR) $1595/sf 32C | $1,960,000 (2BR) $1469/sf * 31C | $2,399,000 (2BR) $1798/sf 28A | $900,000 (1BR) $1071/sf 27A | $1,000,000 (2BR) $1190/sf 26B | $1,699,000 (2BR) $1296/sf 25B | $1,700,000 (2BR) $1297/sf 23E | $1,830,000 (2BR) $1475/sf 20C | $1,675,000 (2BR) $1256/sf 19C | $1,685,000 (2BR) $1263/sf 15B | $1,498,000 (2BR) $1142/sf 12C | $1,600,000 (2BR) $1244/sf 11F | $1,501,000 (2BR) $1185/sf 10D | $799,000 (1BR) $1316/sf
© Skybox Realty Inc, 2024
19
The Harrison Resales 401 Harrison
Price Per SF Q4
$1,444/SF
Q3
$1,216/SF
Q2
$1,245/SF
Q1
$1,190/SF $1150
A VG $/ S F
$1250
MED I A N $/S F
$1 350
$1450
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
9
18% YOY
Average DOM
68 23% YOY
Average $/SF
$1,302 3.1% YOY
Average Sales Price
$1,533,222 6.1% YOY
2023 $/SF Distribution
$ 8 8 3 / SF
* Median Price $1,675,000
S T A N D A R D D EV I A TI O N = $139.79
$1302/SF
$1721/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
21
One Rincon Hill
4307 | $1,150,000 (1BR) $1404/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
5402 | $3,288,000 (2BR) $2269/sf 5303 | $2,399,000 (2BR) $1244/sf 5103 | $1,850,000 (2BR) $1393/sf
4306 | $1,695,000 (2BR) $1369/sf
3304 | $735,000 (1BR) $1215/sf
2903 | $2,175,000 (3BR) $1128/sf 2806 | $1,910,000 (2BR) $1404/sf 2708 | $1,198,000 (1BR) $1587/sf 2607 | $1,125,000 (1BR) $1374/sf
802 | $1,050,000 (2BR) $802/sf
© Skybox Realty Inc, 2024
23
One Rincon Hill 425 1st 489 Harrison
Price Per SF Q4
$1,194/SF
Q3
$1,215/SF
Q2
$1,128/SF
Q1
$1,506/SF $900
A VG $/ S F
$1100
MED I A N $/S F
$1 300
$1500
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
6
54% YOY
Average DOM
45 32% YOY
Average $/SF
$1,238 16% YOY
Average Sales Price
$1,357,500 23% YOY
2023 $/SF Distribution
$ 4 7 9 / SF
* Median Price $1,137,500
S T A N D A R D D EV I A TI O N = $252.91
$1238/SF
$1997/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
25
The Metropolitan
N1401 | $1,100,000 (2BR) $1148/sf N1201| $1,080,000 (2BR) $1127/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
S2204 | $950,000 (1BR) $1195/sf S2102 | $2,050,000 (2BR) $1384/sf
S1503 | $960,000 (1BR) $1208/sf S1402 | $1,115,000 (2BR) $1121/sf S910 | $779,000 (1BR) $1154/sf S907 | $1,135,000 (2BR) $1098/sf S806 | $725,000 (1BR) $1049/sf S505 | $695,000 (1BR) $1006/sf S205 | $635,000 (1BR) $944/sf
© Skybox Realty Inc, 2024
27
The Metropolitan 333 / 355 1st
Price Per SF Q4
$1,121/SF
Q3
$1,179/SF
Q2
$1,135/SF
Q1
$944/SF $900
A VG $/ S F
$1000
MED I A N $/S F
$1 100
$1200
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
10 17% YOY
Average DOM
46 30% YOY
Average $/SF
$1,128 11% YOY
Average Sales Price
$1,044,500 21% YOY
2023 $/SF Distribution
$ 7 5 6 / SF
* Median Price $1,020,000
S T A N D A R D D EV I A TI O N = $121.57
$1128/SF
$1493/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
29
Watermark
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
PH2B | $1,499,000 (2BR) $1471/sf
17D | $1,525,000 (2BR) $1211/sf 16E | $775,000 (2BR) $1021/sf
11A | $1,695,000 (2BR) $1461/sf 10A | $1,488,000 (2BR) $1283/sf 9A | $1,415,000 (2BR) $1106/sf
© Skybox Realty Inc, 2024
31
Watermark 501 Beale
Price Per SF
A VG $/ S F
MED I A N $/S F
Q4 Q3
$1,106/SF
Q2
$1,211/SF
Q1 $1000
$1100
$1 200
$1300
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
2
60% YOY
Average DOM
331 562% YOY
Average $/SF
$1,159 7.3% YOY
Average Sales Price
$1,470,000 5.3% YOY
2023 $/SF Distribution
$ 9 3 6 / SF
* Median Price $1,470,000
S TA N D A R D D EV I A TI O N = $74.44
$1159/SF
$1382/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
33
One Hawthorne
4F | $575,000 (1BR) $1176/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
22F | $1,600,000 (2BR) $1155/sf
10C | $1,259,000 (2BR) $960/sf 7D | $750,000 (1BR) $882/sf
2H | $1,299,000 (2BR) $943/sf
© Skybox Realty Inc, 2024
35
One Hawthorne 1 Hawthorne
Price Per SF
A VG $/ S F
MED I A N $/S F
Q4 Q3 Q2
$882/SF
Q1
$1,166/SF $900
$1000
$1 100
$1200
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
3
25% YOY
Average DOM
99
4.2% YOY
Average $/SF
$1,071 3.9% YOY
Average Sales Price
$975,000 22% YOY
2023 $/SF Distribution
$ 5 8 0 / SF
* Median Price $750,000
S T A N D A R D D EV I A TI O N = $163.83
$1071/SF
$1562/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
37
The Brannan 18D | $2,875,000 (3BR) $1434/sf 16H | $1,781,600 (2BR) $1615/sf
8B | $699,000 (1BR) $951/sf
5D | $1,235,000 (2BR) $1058/sf 4J | $1,095,000 (2BR) $960/sf 2F | $1,775,000 (2BR) $1343/sf 1D | $750,000 (1BR) $887/sf
15D | $2,199,000 (2BR) $1864/sf
9G | $1,525,000 (2BR) $1005/sf
5E | $1,225,000 (2BR) $1152/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
16C | $1,598,000 (2BR) $1210/sf 15G | $1,825,000 (2BR) $1178/sf
10G | $1,695,000 (2BR) $1118/sf 8C | $1,625,000 (2BR) $1230/sf
3G | $900,000 (1BR) $989/sf
© Skybox Realty Inc, 2024
39
The Brannan 219 / 229 / 239 Brannan
Price Per SF Q4
$978/SF
Q3
$1,306/SF
Q2
$1,199/SF
Q1
$1,184/SF $900
A VG $/ S F
$1100
MED I A N $/S F
$1 300
$1500
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
12 14% YOY
Average DOM
73 87% YOY
Average $/SF
$1,150 8.6% YOY
Average Sales Price
$1,442,550 11% YOY
2023 $/SF Distribution
$ 4 8 5 / SF
* Median Price $1,380,000
S T A N D A R D D EV I A TI O N = $221.73
$1150/SF
$1815/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
41
Millennium Tower PH1 | $1,659,000 (2BR) $849/sf
54C | $4,000,000 (2BR) $1419/sf
50B | $7,250,000 (2BR) $2187/sf
33C | $1,975,000 (3BR) $910/sf
20D | $587,000 (1BR) $866/sf
805 | $1,500,000 (2BR) $867/sf
9D | $575,000 (1BR) $847/sf
304 | $1,295,000 (2BR) $1011/sf
All Data From SFARMLS
OFF MAR KET
SO SOL LD
ACTI V E
IN CONTRACT
GPA | $14,000,000 (2BR) $2795/sf PHD | $4,995,000 (2BR) $2240/sf
54B | $7,750,000 (2BR) $2338/sf
50A | $3,850,000 (2BR) $1423/sf 48A | $1,200,000 (2BR) $784/sf 45C | $2,249,000 (2BR) $1404/sf 43A | $1,050,000 (2BR) $692/sf 42D | $2,200,000 (3BR) $1127/sf 40E | $1,750,000 (2BR) $1021/sf 39B | $1,395,000 (2BR) $844/sf 38C | $2,200,000 (2BR) $1014/sf 37C | $2,000,000 (2BR) $922/sf
33E | $2,395,000 (2BR) $1397/sf
28A | $1,279,000 (2BR) $843/sf 27B | $1,200,000 (2BR) $726/sf
22C | $650,000 (1BR) $780/sf 21F | $1,990,000 (3BR) $1055/sf 20H | $558,000 (1BR) $838/sf 18E | $1,200,000 (2BR) $1093/sf
14B | $589,000 (1BR) $882/sf
8J | $985,000 (2BR) $816/sf 5G | $930,000 (2BR) $733/sf 3F | $1,685,000 (1BR) $913/sf
© Skybox Realty Inc, 2024
43
Millennium Tower 301 Mission
Price Per SF Q4
$808/SF
Q3
$985/SF
Q2
$982/SF
Q1
$1,222/SF $700
A VG $/ S F
$900
MED I A N $/S F
$1 100
$1300
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
17
113% YOY
Average DOM
166 374% YOY
Average $/SF
$988 14% YOY
Average Sales Price
$1,869,059 9.1% YOY
2023 $/SF Distribution
$-182/SF
* Median Price $1,395,000
S T A N D A R D D EV I A TI O N = $389.89
$988/SF
$2158/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
45
72 Townsend
807 | $1,495,000 (2BR) $1225/sf
606 | $1,380,000 (2BR) $1266/sf
408 | $955,500 (1BR) $951/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
603 | $998,000 (1BR) $1271/sf
© Skybox Realty Inc, 2024
47
72 Townsend 72 Townsend
Price Per SF
A VG $/ S F
MED I A N $/S F
Q4 Q3
$1,108/SF
Q2 Q1 $1000
$1100
$1 200
$1300
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
2
33% YOY
Average DOM
21 81% YOY
Average $/SF
$1,108 10% YOY
Average Sales Price
$1,167,750 23% YOY
2023 $/SF Distribution
$ 4 3 9 / SF
* Median Price $1,167,750
S T A N D A R D D EV I A TI O N = $222.96
$1108/SF
$1777/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
49
Portside
620 | $1,100,000 (2BR) $1016/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
803 | $1,275,000 (3BR) $938/sf
512 | $879,000 (2BR) $803/sf
208 | $515,000 (1BR) $955/sf 116 | $799,000 (1BR) $898/sf
303 | $660,000 (1BR) $908/sf
© Skybox Realty Inc, 2024
51
Portside 403 Main 38 Bryant
Price Per SF Q4
$803/SF
Q3
$1,016/SF
A VG $/ S F
MED I A N $/S F
Q2 Q1
$934/SF $800
$900
$1 000
$1100
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
5
17% YOY
Average DOM
93
8.1% YOY
Average $/SF
$924 12% YOY
Average Sales Price
$885,800 17% YOY
2023 $/SF Distribution
$ 7 1 4 / SF
* Median Price $879,000
S TA N D A R D D EV I A TI O N = $70.05
$924/SF
$1134/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
53
Bridgeview
714 | $1,375,000 (3BR) $960/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
2205 | $900,000 (1BR) $1087/sf 2103 | $1,400,000 (2BR) $1304/sf
1807 | $1,230,000 (2BR) $1057/sf 1806 | $1,225,000 (2BR) $1008/sf
1413 | $775,000 (1BR) $907/sf 1303 | $980,000 (2BR) $912/sf 1214 | $1,425,000 (3BR) $994/sf
702 | $358,000 (1BR) bmr 612 | $899,000 (2BR) $836/sf
© Skybox Realty Inc, 2024
55
Bridgeview 400 Beale
Price Per SF Q4
$907/SF
Q3
$1,000/SF
Q2
$1,132/SF
A VG $/ S F
MED I A N $/S F
Q1 $850
$950
$1 050
$1150
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
5
64% YOY
Average DOM
40 15% YOY
Average $/SF
$1,034 5.7% YOY
Average Sales Price
$1,086,000 12% YOY
2023 $/SF Distribution
$ 5 3 3 / SF
* Median Price $980,000
S T A N D A R D D EV I A TI O N = $167.16
$1034/SF
$1535/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
57
Baycrest
905 | $615,000 (1BR) $1131/sf 912 | $435,000 (0BR) $1019/sf
219 | $475,000 (1BR) $958/sf 214 | $600,000 (1BR) $834/sf 110 | $599,000 (2BR) $764/sf
212 | $380,000 (0
All Data From SFARMLS
OFF MAR KET
0BR) $905/sf
SOL D
ACTI V E
IN CONTRACT
919 | $610,000 (1BR) $1121/sf 813 | $755,000 (2BR) $1026/sf 710 | $819,000 (2BR) $1028/sf
425 | $535,000 (1BR) $935/sf 310 | $800,000 (2BR) $1004/sf 201 | $410,000 (0BR) $949/sf 130 | $585,000 (1BR) $826/sf
© Skybox Realty Inc, 2024
59
Baycrest 201 Harrison
Price Per SF Q4
$1,013/SF
Q3
$1,031/SF
Q2
$907/SF
Q1
$935/SF $900
A VG $/ S F
$1000
MED I A N $/S F
$1 100
$1200
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
10 37% YOY
Average DOM
53
7.1% YOY
Average $/SF
$968 8.7% YOY
Average Sales Price
$544,500 8% YOY
2023 $/SF Distribution
$ 6 5 6 / SF
* Median Price $560,000
S T A N D A R D D EV I A TI O N = $103.93
$968/SF
$1280/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
61
The Towers
919 | $1,200,000 (2BR) $973/sf
604 | $1,195,000 (2BR) $1044/sf
124 | $1,169,000 (2BR) $858/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
1307 | $1,600,000 (2BR) $1373/sf 1119 | $1,230,000 (2BR) $1103/sf 1009 | $1,400,000 (2BR) $1120/sf
112 | $1,180,000 (2BR) $843/sf 125 | $1,175,000 (2BR) $936/sf
© Skybox Realty Inc, 2024
63
The Towers 88 King
Price Per SF Q4
$1,287/SF
Q3
$879/SF
Q2
$1,038/SF
A VG $/ S F
MED I A N $/S F
Q1 $1000
$1100
$1 200
$1300
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
7
30% YOY
Average DOM
77
196% YOY
Average $/SF
$1,041 16% YOY
Average Sales Price
$1,279,143 17% YOY
2023 $/SF Distribution
$ 4 6 6 / SF
* Median Price $1,200,000
S T A N D A R D D EV I A TI O N = $191.82
$1041/SF
$1616/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
65
200 Brannan
421 | $1,795,000 (2BR) $964/sf
245 | $1,375,000 (1BR) $903/sf 121 | $925,000 (1BR) $1049/sf 141 | $1,499,580 (2BR) $930/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
335 | $1,650,000 (2BR) $904/sf 336 | $1,950,000 (2BR) $975/sf 201 | $1,050,000 (1BR) $912/sf 101 | $999,000 (1BR) $849sf
© Skybox Realty Inc, 2024
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200 Brannan 200 Brannan
Price Per SF Q4
$904/SF
Q3
$903/SF
Q2
$950/SF
Q1
$849/SF $800
A VG $/ S F
$900
MED I A N $/S F
$1 000
$1100
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2022
2023
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
6
40% YOY
Average DOM
85 73% YOY
Average $/SF
$918 15% YOY
Average Sales Price
$1,453,167 6.6% YOY
2023 $/SF Distribution
$ 7 8 0 / SF
* Median Price $1,512,500
S TA N D A R D D EV I A TI O N = $45.89
$918/SF
$1056/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2022
2023
© Skybox Realty Inc, 2024
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Skybox Realty 2023 Annual Report
2023 Q4 Sales Address
BR / BA
SQFT
219 Brannan 8B 355 1st S1402 425 1st 2607 318 Main 6C 425 1st 4307 301 Main 17E 301 Main 21F 229 Brannan 9G 401 Harrison 19C 401 Harrison 23E 401 Harrison 35C 338 Main 34A 338 Main 34C 301 Main 28E 201 Harrison 212 301 Mission 20H 201 Harrison 919 301 Mission 22C 400 Beale 1413 403 Main 512N 301 Mission 27B 301 Mission 48A 88 King 1009 88 KIng 1307 200 Brannan 335 301 Mission 33C
1/1 2/2 1/1 1/1 1/1 2/2 2/2 2/2 2/2 2/2 2/2 2/2 2/2 3/3 0/1 1/1 1/1 1/1 1/1 2/2 2 / 2.5 2/2 2/2 2/2 2/2 3 / 3.5
735 995 819 1,044 819 1,180 1,307 1,517 1,334 1,241 1,334 1,572 1,491 1,765 420 666 544 833 854 1,094 1,652 1,530 1,167 1,165 1,825 2,170
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
* Only showing sold homes in buildings featured in this book. Does not include new construction.
Sale Price
$/SF
% Sale/List
$699,000 $1,115,000 $1,125,000 $1,140,000 $1,150,000 $1,150,000 $1,399,000 $1,525,000 $1,685,000 $1,830,000 $2,128,000 $2,275,000 $2,325,000 $2,440,000 $380,000 $558,000 $610,000 $650,000 $775,000 $879,000 $1,200,000 $1,200,000 $1,400,000 $1,600,000 $1,650,000 $1,975,000
$951.02 $1,120.60 $1,373.63 $1,091.95 $1,404.15 $974.58 $1,070.39 $1,005.27 $1,263.12 $1,474.62 $1,595.20 $1,447.20 $1,559.36 $1,382.44 $904.76 $837.84 $1,121.32 $780.31 $907.49 $803.47 $726.39 $784.31 $1,199.66 $1,373.39 $904.11 $910.14
100.00 96.91 94.14 99.13 95.99 95.91 100.00 92.71 99.18 96.37 96.82 97.85 89.42 97.80 95.24 96.37 100.00 83.44 96.88 100.00 92.45 92.66 95.96 94.40 97.35 99.00
© Skybox Realty Inc, 2024
71
181 Fremont Architect
Heller Manus # of Units
67
# in Contract / Sold
50+
Monthly Absorption
.7 Units All Data From SFARMLS
SO L D
ACTI V E
IN CONTRACT
60C | $2,195,000 (2BR) $1739/sf
56A | $4,500,000 (2BR) $2267/sf 55C | $2,995,000 (2BR) $1866/sf 54E | $1,400,000 (1BR) $1795/sf 54H | $950,000 (0BR) $1525/sf
© Skybox Realty Inc, 2024
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Skybox Realty 2023 Annual Report
Mira Architect
Studio Gang # of Units
392 # in Contract / Sold
355+
Monthly Absorption
5.6 Units All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
© Skybox Realty Inc, 2024
75
Skybox Realty 2023 Annual Report
The Avery Architect
OMA # of Units
118 # in Contract / Sold
66+
Monthly Absorption
1 Unit All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
© Skybox Realty Inc, 2024
77
Skybox Realty 2023 Annual Report
Four Seasons Residences Architect
Handel # of Units
146 # in Contract / Sold
42+
Monthly Absorption
1.1 Units All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
© Skybox Realty Inc, 2024
79
Skybox Realty 2023 Annual Report
One Steuart Lane Architect
SOM # of Units
120 # of Stories
20 # Sold
41+ All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
© Skybox Realty Inc, 2024
81
Skybox Realty 2023 Annual Report
Paul Hwang
Paul Hwang Activity (2021-2023 Sales) # of Transactions
103+ Sold Volume
$187,254,400 All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
*
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Paul Hwang Leasing Activity 2022 # Leased
40+
2023 # Leased
62+
© Skybox Realty Inc, 2024
83
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Paul Hwang
415.216.8746 | dre 01371169 paul@skyboxrealty.com
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