Condo Report Mission Bay 2023 Q1 Vi Pavlicevich | Ranked #1 in Mission Bay 415.828.1114 | vi@skyboxrealty.com
Hello Neighbors,
Activity was picking up for San Francisco condos at the start of the year, and 1bed/1bath were particularly in high demand in Mission Bay, but a sudden cool down happened in March.
Interest rates reached 7%, the stock market dropped, tech layoffs, and the fall of SVB Bank--these events made buyers very weary of the real estate market, and they were comfortable putting their home search on hold and waiting on the sidelines to see what happens next.
Although rates have gone down in the last week, consumer confidence remains low. I predict that activity will pick up if we start seeing more stability in our local and global markets, but if rates continue to rise, I predict a slow Spring.
If you’re planning to list your home this Spring, we need to start the discussions now. We’re in a transitional market, and we need an in-depth chat on all the things we know buyers are looking for in today’s current market. Homes are still selling, but proper preparation has never been more crucial.
Buying, selling or leasing, we are your Mission Bay specialists.
Your Neighbor, Vi
PavlicevichSkybox Realty 2023 Q1 Report All Data From SFARMLS
© Skybox Realty Inc, 2023 3 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com Table of Contents Mission Bay 2023 Q1 Snapshot 235 Berry 255 Berry Arterra Park Terrace The Beacon Madrone Radiance Arden One Mission Bay 2023 Q1 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
Mission Bay 2023 Q1
© Skybox Realty Inc, 2023 5 Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com
# of Transactions 18
Price per Square Foot
Average Sales Price $1,151,389
Days on the Market
40% YOY / ---- QOQ 8.2% YOY / 2.3% QOQ 6.3% YOY / .1% QOQ 70% YOY / 42% QOQ * Median Price $1,081,000
Average
$1,038
Average
78
235 Berry
All Data From SFARMLS
© Skybox Realty Inc, 2023 7 SOLD ACTIVE IN CONTRACT OFF MARKET
All Data From SFARMLS
# of Transactions 0 Average Sales Price $---100% YOY / 100% QOQ 100% YOY / 100% QOQ * Median Price $---Q1 Q4 Q3 Q2 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 ---100% YOY / 100% QOQ 100% YOY / 100% QOQ CASH LOAN UNKNOWN 2022 Q3 2022 Q4 2023 Q1 No Sales in 2023 Q1
255 Berry
All Data From SFARMLS
112 | $1,349,000 (2BR) $1091/sf
© Skybox Realty Inc, 2023 11 SOLD ACTIVE IN CONTRACT OFF MARKET 604 | $1,375,000 (2BR) $944/sf
All Data From SFARMLS
# of Transactions 1 Average Sales Price $1,375,000 100% YOY / 67% QOQ 44% YOY / 29% QOQ * Median Price $1,375,000 Q1 Q4 Q3 Q2 Price Per SF MEDIAN $/SF $1200 $1100 $1000 $900 AVG $/SF $1,081/SF $1,148/SF $944/SF
255 Berry
© Skybox Realty Inc, 2023 13 255 Berry Buyer Demographic Average $/SF $944 Average Days on Market 254 23% YOY / 18% QOQ 807% YOY / 303% QOQ CASH LOAN UNKNOWN 2022 Q3 2022 Q4 2023 Q1 No Sales in 2022 Q3
All Data From SFARMLS
Arterra
711 | $1,042,000 (2BR) $1039/sf
408 | $1,239,000 (2BR) $1206/sf
© Skybox Realty Inc, 2023 15 SOLD ACTIVE IN CONTRACT OFF MARKET
All Data From SFARMLS Arterra # of Transactions 2 100% YOY / 100% QOQ Average Sales Price $1,140,500 100% YOY / 30% QOQ * Median Price $1,140,500 Q4 Q3 Q2 Price Per SF MEDIAN $/SF $1250 $1150 $1050 $950 AVG $/SF $1,207/SF $1,010/SF Q1 $1,123/SF $1,192/SF
© Skybox Realty Inc, 2023 17 300 Berry Average $/SF $1,123 Average Days on Market 30 Buyer Demographic 100% YOY / 11% QOQ 100% YOY / 65% QOQ CASH LOAN UNKNOWN 2022 Q3 2022 Q4 2023 Q1
Park Terrace
All Data From SFARMLS
322 | $798,888 (1BR) $995/sf
© Skybox Realty Inc, 2023 19 SOLD ACTIVE IN CONTRACT OFF MARKET
320 | $1,450,000 (2BR) $1120/sf
Park Terrace
All Data From SFARMLS
# of Transactions 0 ---- YOY / 100% QOQ Average Sales Price $------- YOY / 100% QOQ * Median Price $---Q1 Q4 Q3 Q2 Price Per SF MEDIAN $/SF $1100 $1000 $900 $800 AVG $/SF $1,079/SF $1,043/SF
© Skybox Realty Inc, 2023 21 325 Berry Average $/SF $---Average Days on Market ---Buyer Demographic ---- YOY / 100% QOQ ---- YOY / 100% QOQ CASH LOAN UNKNOWN 2022 Q3 2022 Q4 2023 Q1 No Sales in 2022 Q3 No Sales in 2023 Q1
The Beacon
All Data From SFARMLS
551 | $941,500 (2BR) $853/sf
704 | $599,000 (1BR) $1020/sf
421 | $680,000 (1BR) $978/sf
561 | $599,000 (1BR) $969/sf
© Skybox Realty Inc, 2023 23 SOLD ACTIVE IN CONTRACT OFF MARKET 647 | $599,000 (1BR) $869/sf 722 | $980,000 (2BR) $870/sf 473 | $925,000 (2BR) $937/sf 264 | $520,000 (1BR) $874/sf 553 | $548,000 (1BR) $986/sf 1319 | $915,000 (2BR) $829/sf 812 | $719,888 (1BR) $811/sf 1211 | $735,000 (1BR) $802/sf 1300 | $1,195,000 (2BR) $981/sf 628 | $707,500 (1BR) $817/sf 759 | $1,185,000 (3BR) $919/sf 1115 | $740,000 (1BR) $819/sf 581 | $675,000 (1BR) $1015/sf 575 | $725,000 (1BR) $798/sf
All Data From SFARMLS
# of Transactions 7 53% YOY / ---- QOQ Average Sales Price $882,000 14% YOY / 14% QOQ * Median Price $925,000 Q1 Q4 Q3 Q2 Price Per SF MEDIAN $/SF $1000 $900 $800 $700 AVG $/SF $898/SF $916/SF $861/SF $871/SF
The Beacon
© Skybox Realty Inc, 2023 25 250 / 260 King Average $/SF $871 Average Days on Market 102 Buyer Demographic 12% YOY / 1.2% QOQ 104% YOY / 28% QOQ CASH LOAN UNKNOWN 2022 Q3 2022 Q4 2023 Q1
All Data From SFARMLS Madrone 514 | $1,650,000 (2BR) $1193/sf 425 | $1,120,000 (1BR) $1017/sf 205 | $1,299,000 (2BR) $1096/sf 621 | $1,195,000 (1BR) $1082/sf 442 | $1,475,000 335 | $1,395,000 (2BR) $1186/sf 332 | $1,599,800
© Skybox Realty Inc, 2023 27 SOLD ACTIVE IN CONTRACT OFF MARKET 316 | 950,000 (1BR) $1046/sf 513 | $1,500,000 (2BR) $1241/sf 615 | $995,000 (1BR) $912/sf 403 | $1,250,000 (1BR) $1181/sf $1,475,000 (2BR) $1254/sf $1,599,800 (2BR) $1294/sf
All Data From SFARMLS Madrone # of Transactions 5 29% YOY / 400% QOQ Average Sales Price $1,294,000 7.1% YOY / 7.8% QOQ * Median Price $1,250,000 Q1 Q4 Q3 Q2 Price Per SF MEDIAN $/SF $1400 $1300 $1200 $1100 AVG $/SF $1,362/SF $1,244/SF $1,010/SF $1,136/SF
© Skybox Realty Inc, 2023 29 420 / 480 Mission Bay, 435 China Basin Average $/SF $1,136 Average Days on Market 32 Buyer Demographic 7.9% YOY / 3.3% QOQ 44% YOY / 700% QOQ CASH LOAN UNKNOWN 2022 Q3 2022 Q4 2023 Q1
All Data From SFARMLS
Radiance
© Skybox Realty Inc, 2023 31 SOLD ACTIVE IN CONTRACT OFF MARKET 902
| $1,699,000 (2BR) $1075/sf
All Data From SFARMLS Radiance # of Transactions 0 100% YOY / 100% QOQ Average Sales Price $---23% YOY / 20% QOQ * Median Price $---Q1 Q4 Q3 Q2 Price Per SF MEDIAN $/SF $1200 $1100 $1000 $900 AVG $/SF $1,165/SF $1,079/SF
© Skybox Realty Inc, 2023 33 330 Mission Bay, 325 China Basin Average $/SF $---Average Days on Market ---Buyer Demographic .1% YOY / 7.4% QOQ 100% YOY / 76% QOQ CASH LOAN UNKNOWN 2022 Q3 2022 Q4 2023 Q1 No Sales in 2022 Q4 No Sales in 2023 Q1
All Data From SFARMLS
201
915
(2BR) $1476/sf 306
Arden
| $1,299,000 (2BR) $1007/sf
| $1,908,000
| $1,739,000 (2BR) $1220/sf
1303 | $2,798,000 (3BR) $1429/sf
415 | $1,700,000 (2BR) $1230/sf
302 | $1,650,000 (2BR) $1278/sf
© Skybox Realty Inc, 2023 35 SOLD ACTIVE IN CONTRACT OFF MARKET
All Data From SFARMLS Arden # of Transactions 1 50% YOY / 50% QOQ Average Sales Price $1,908,000 34% YOY / 22% QOQ * Median Price $1,908,000 Q1 Q4 Q3 Q2 Price Per SF MEDIAN $/SF $1500 $1400 $1300 $1200 AVG $/SF $1,397/SF $1,202/SF $1,325/SF $1,476/SF
© Skybox Realty Inc, 2023 37 Average $/SF $1,476 Average Days on Market 0 Buyer Demographic 22% YOY / 11% QOQ 100% YOY / 100% QOQ CASH LOAN UNKNOWN 2022 Q3 2022 Q4 2023 Q1 708 / 718 Long Bridge
One Mission Bay Resales
All Data From SFARMLS
605 | $1,499,000 (2BR) $1287/sf
© Skybox Realty Inc, 2023 39 SOLD ACTIVE IN CONTRACT OFF MARKET 318 | $998,000 (1BR) $1301/sf 615 | $1,035,000 (1BR) $1077/sf 1206 | $1,482,000 (2BR) $1170/sf
One Mission Bay Resales
All Data From SFARMLS
# of Transactions 2 33% YOY / ---- QOQ Average Sales Price $1,258,500 8.7% YOY / 5.5% QOQ * Median Price $1,258,500 Q1 Q4 Q3 Q2 Price Per SF MEDIAN $/SF $1300 $1200 $1100 $1000 AVG $/SF $1,245/SF $1,301/SF $1,175/SF $1,123/SF
© Skybox Realty Inc, 2023 41 Average $/SF $1,123 Average Days on Market 83 Buyer Demographic 13% YOY / 4.5% QOQ 196% YOY / 246% QOQ CASH LOAN UNKNOWN 2022 Q3 2022 Q4 2023 Q1 1000 3rd, 110 Channel
2023 Q1 Sales
915
Skybox Realty 2023 Q1 Report All Data From SFARMLS
Address 250 King
250
260
260
260
480 Mission Bay
250
1000
300 Berry
435 China Basin 425 260 King
300 Berry
420 Mission Bay
255
1000
435
BR
1 / 1 1 / 1 2 / 1.5 2 / 2 2 / 2 1 / 1 2 / 2 1 / 2 2 / 1 1 / 1 3 / 2 2 / 2 1 / 1.5 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 2 / 2 SQFT 595 866 1104 987 1104 908 1126 961 1003 1101 1290 1027 1058 1456 1267 1456 1209 1383 1293
264
King 628
King 1319
King 473
King 551
316
King 722
3rd 615
711
759
408
403
Berry 604
3rd 1206
China Basin 425 480 Mission Bay 513 480 Mission Bay 514 708 Long Bridge
/ 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 $520,000 $707,500 $915,000 $925,000 $941,500 $950,000 $980,000 $1,035,000 $1,042,000 $1,120,000 $1,185,000 $1,239,000 $1,195,000 $1,375,000 $1,482,000 $1,495,000 $1,500,000 $1,650,000 $1,908,000 $/SF $873.95 $816.97 $828.80 $937.18 $852.81 $1,016.26 $870.34 $1,077.00 $1,038.88 $1,017.26 $918.60 $1,206.43 $1,181.47 944.37 $1,169.69 $944.37 $1,240.69 $1,193.06 $1,475.64 % Sale/List 99.05 95.74 94.43 99.46 94.81 100.00 98.10 98.57 100.00 112.22 98.83 100.00 104.60 91.97 100.00 91.97 96.77 97.12 100.47
Vi Pavlicevich
Vi in Mission Bay (Recent Activity)
# of Transactions
54+ Sold Volume
$80,383,769
Skybox Realty 2023 Q1 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 167+ Sold Volume $206,987,942 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.