New Development Monthly Trend

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CDMG’s Monthly Trends Report provides an in-depth look at San Francisco’s neighborhoods districts 6-9 where new developments are most prevalent. Published monthly and highlighting the city’s vast condominium market, we pull information from a combination of public and proprietary databases which access the most up-to-date closing information and sales conditions for new development properties as well as resales.

San Francisco County | Year to Date Condominium Summary

Sales Volume | Year to Date Comparison Since 2018

In a year-over-year comparison to 2024, January 2025 has seen a 18 8% increase in the number of condominiums sold (+18 sales).

Average Price & PPSF | Year to Date Comparison Since 2018

In a year-over-year comparison to 2024, January 2025 has seen a slight increase in average sale price and a slight decrease in average sale price per square foot, +2 3% and -2 9% respectively. Source: InfoSparks: Data points are “Rolling 1

San Francisco County | Condominium Summary

Supply & Demand

The period from January 2024 to January 2025, saw an average monthly supply of condominiums of 670. On the demand side, there has been a 18.8% increase (+18 sales) compared to January 2024 and a 19.1% decrease (-27 sales) since last month.

Monthly Average Sale Price Change & Average PPSF

In a year-over year comparison the average sale price has increased by 2.3% and in a one-month comparison, it has decreased by 1 0%.

Source: InfoSparks: Data points are “Rolling 1 Month” which shows only a month of activity for each data point. Data was sourced on February 14, 2025

San Francisco County | Condominium Sales by Price Point

District 6 | Condominium Summary

Supply & Demand

The period from January 2024 to January 2025, saw the supply of condominiums averaging 43 per month on market. On the demand side, there has been a 30.0% decrease (-3 sales) compared to January 2024 and a 41 7% decrease (-5 sales) since last month.

Monthly Average Sale Price Change & Average PPSF

In a year-over-year comparison the average sale price has decreased by 7 8% and in a one-month comparison, it has decreased by 12 6%.

$1,440,000

$1,280,000

$1,120,000

$1,120,000

$1,053,800$1,080,556

$960,000

$960,000

$800,000

$800,000

$640,000

$640,000

$480,000

$480,000

$320,000

$320,000

$160,000

$160,000

$0

Source: InfoSparks: Data points are “Rolling 1 Month” which shows only a month of activity for each data point. Data

District 6 | Condominium Sales by Price Point

District 7 | Condominium Summary

Supply & Demand

The period from January 2024 to January 2025, saw the supply of condominiums averaging 58 per month on market. On the demand side, there has been an 50.0% increase (+5 sales) compared to January 2024 and a 21 1% decrease (-4 sales) since last month.

Monthly Average Sale Price Change & Average PPSF

In a year-over year comparison the average sale price has decreased by 0 6% and in a one-month comparison, it has increased by 52.1%.

$2,560,000

$2,240,000

$1,920,000

$1,600,000

$1,280,000

$960,000

$640,000

Source: InfoSparks: Data points are “Rolling 1 Month” which shows only a month of activity for each data point. Data was sourced on February 14, 2025

District 7 | Condominium Sales by Price Point

District 8 | Condominium Summary

Supply & Demand

The period from January 2024 to January 2025, saw the supply of condominiums averaging 143 per month on market. On the demand side, there has been a 3.4% decrease (-1 sale) compared to January 2024 and no change since last month with sales remaining at 28

Monthly Average Sale Price Change & Average PPSF

In a year-over-year comparison the average sale price has increased by 14 1% and in a one-month comparison, it has decreased by 8 8%.

$1,350,000 $1,500,000

$1,200,000

$1,050,000

$900,000

$750,000

Source: InfoSparks: Data points are “Rolling 1 Month” which shows only a month of activity for each data point. Data was sourced on February 14, 2025

District 8 | Condominium Sales by Price Point

District 9 | Condominium Summary

Supply & Demand

The period from January 2024 to January 2025, saw the supply of condominiums averaging 314 per month on market. On the demand side, there has been a 40.0% increase (+12 sales) compared to January 2024 and a 12 5% decrease (-6 sales) since last month.

Monthly Average Sale Price Change & Average PPSF

In a year-over-year comparison the average sale price has decreased by 4 3% and in a one-month comparison, it has decreased by 13 8%.

$1,080,000

$900,000

Source: InfoSparks: Data points are “Rolling 1 Month” which shows only a month of activity for each data point. Data was sourced on February 14, 2025

District 9 | Condominium Sales by Price Point

Select New Development Resale Search

The following are closed resales from a collection of new developments from the beginning of 2023

Select New Development Resale Search

The following are closed resales from a collection of new developments from the beginning of 2023.

Select New Development Resale Search

The following are closed resales from a collection of new developments from the beginning of 2023.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

55 and 12 Accessory Suites

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

1288 Howard

Address

1288 Howard Street, San Francisco

Developer March Capital Management

Residences 125

Average HOA Fees ~$400 - $460 / Month

Date on Market January 2022

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

2177 Third

Address

2177 Third Street, San Francisco

Developer Align Real Estate

Residences 114

Average HOA Fees ~$740 - ~$1,100 / Month

Date on Market December 2019

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

Address

875 California Street, San Francisco

Developer Grosvenor Americas

Residences 44

Average HOA Fees ~$1,840 / Month

Date on Market March 2021

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

The Belvedere

Address

2525 Van Ness Ave, San Francisco

Developer March Capital

Residences 28

Average HOA Fees $933 - $981 / Month

Date on Market January 2024 The

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

Four Seasons Private Residences

Address

706 Mission Street, San Francisco

Developer

Westbrook Partners

Residences 146 Average HOA Fees

Month

Date on Market June 2019

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

MIRA

Address

280 Spear Street, San Francisco

Developer Tishman Speyer

Residences

392

Average HOA Fees ~$1,075 - $1,560 / Month

Date on Market November 2018

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

One Eleven

Address

588 Minna Street, San Francisco

Developer

Z&L Properties

Residences

39

Average HOA Fees ~$525 - ~$680 / Month

Date on Market December 2019

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

One Steuart Lane

Address

1 Steuart Lane, San Francisco

Developer

SRE Group LTD / Paramount Group

Residences 120

Average HOA Fees

- ~$3,000 / Month

Date on Market February 2020

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

Serif

Address

960 Market Street, San Francisco

Developer L37 Partners

Residences 242

Average HOA Fees ~$600 - ~$1,100 / Month

Date on Market June 2021

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

Address

488 Folsom Street, San Francisco Developer Related Residences 118

Average HOA Fees

- ~$2,490 / Month

Date on Market June 2018

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

The Bristol

Address

1 Bristol Court, San Francisco

Developer Wilson Meany

Stockbridge Real Estate Funds

Residences 124

Average HOA Fees

$1,290 - $1,420 / Month

Date on Market March 2021

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

The Row Homes at Yerba Buena Island

Address

37 & 38 Meadow Drive, San Francisco

Developer Wilson Meany

Stockbridge Real Estate Funds

Residences

12 Released

Average HOA Fees

$1,462 / Month

Date on Market April 2024

The data contained in the tables below refer to initial closings and listings conducted by the developer.

currently selling new construction developments.

Maison Pacific

1580 Pacific Avenue, San Francisco

JS Sullivan Residences

Average HOA Fees 703 / Month

Date on Market September 2023

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

2238 Market

Address

2238 Market Street, San Francisco

Developer Prado Group Vanke US

Residences 42

Average HOA Fees ~$660 - ~$880 / Month

Date on Market April 2022

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

88 at the Park

Address

88 Arkansas Street, San Francisco

Developer First City Development

Residences 127

Average HOA Fees ~$600 - ~$765 / Month

Date on Market May 2022

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Construction Project Profile

The information presented below is derived from currently selling new construction developments.

Union House

Address

1515 Union Street, San Francisco

Developer DM Development Residences 41

Average HOA Fees ~$900 - ~$1,680 / Month

Date on Market February 2020

The data contained in the tables below refer to initial closings and listings conducted by the developer.

New Development Monthly Trends Report

891 Beach Street San Francisco, CA 94109

Compass makes no representations or warranties, express or implied, with respect to future market conditions or prices of res idential product at the time the subject property or any competitive property is complete and ready for occupancy or with respect to any report, study, finding, recommendation, or other information provided by Compass herein. Moreover, no warranty, express or implied, is made or should be assumed regarding the accuracy, adequacy, completeness, legality, reliability, merchantability, or fitness for a particular purpose of any information, in part or whole, contained herein. The statistics and information in this report are based upon publicly available data of transactions reported from January 2023 to January 2025 All material is presented with the understanding that Compass shall not be deemed to provide legal, accounting, or other professional services. This is not intended to solicit the purchase or sale of any property. Any and all such warranties are hereby expressly disclaimed. Equal Housing Opportunity.

© Compass. All Rights Reserved. This information may not be copied, used, or distributed without Compass’ consent.

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