New Development Monthly Trends Report
San Francisco | October 2024
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 2023, the first three quarters of 2024 has seen an increase in the number of condominium sales by 5.7% (+81 sales)
Average Price & PPSF | Year to Date Comparison Since 2018
In a year-over-year comparison to 2023, the first three quarters of 2024 has seen a slight increase in average sale price and slight increase in average sale price per square foot, +1 2% and +0 7% respectively.
Source: InfoSparks: Data points are “Rolling 1 Month” which shows only a month of activity for each data point. Data was sourced on October 7, 2024
San Francisco County | Condominium Summary
Supply & Demand
Throughout the first three quarters of 2024, the average monthly supply of condominiums on the market was 687. In September, there was a notable spike in supply, increasing by 28.4% compared to the previous month. On the demand side, however, there has been a 12.6% decline compared to September 2023 and an 18.5% decrease since last month.
Monthly Average Sale Price Change & Average PPSF
In a year-over year comparison the average sale price has decreased by 1.4% and in a one-month comparison, it has increased by 6.1%.
Source: InfoSparks: Data points are “Rolling 1 Month” which shows only a month of activity for each data point. Data was sourced on October 7, 2024.
San Francisco County | Condominium Sales by Price Point
District 6 | Condominium Summary
Supply & Demand
Throughout the first three quarters of 2024, the supply of condominiums has averaged 47 per month on market. On the demand side, there has been a 36.7% decrease (-4 sales) compared to September 2023 and last month.
Monthly Average Sale Price Change & Average PPSF
In a year-over-year comparison the average sale price has increased by 10.3% and in a one-month comparison, it has increased by 35.0%.
$1,600,000
$1,440,000
$1,280,000
$1,120,000
$960,000
$800,000
Source: InfoSparks: Data points are “Rolling 1 Month” which shows only a month of activity for each data point. Data was sourced on October 7, 2024.
District 6 | Condominium Sales by Price Point
District 7 | Condominium Summary
Supply & Demand
Throughout the first three quarters of 2024, the supply of condominiums has averaged 60 per month on market. On the demand side, there has been an 75.0% increase (+12 sales) compared to September 2023 and a 115.4% increase (+15 sales) since last month.
Monthly Average Sale Price Change & Average PPSF
In a year-over year comparison the average sale price has decreased by 42.0% and in a one-month comparison, it has decreaed by 22.8%.
$3,200,000
Source: InfoSparks: Data points are “Rolling 1 Month” which shows only a month of activity for each data point. Data was sourced on October 7, 2024. $3,007,403
$3,200,000
$2,880,000
$2,880,000
$2,560,000
$2,560,000
$2,240,000
$2,240,000
$1,920,000
$1,920,000
$1,600,000
$1,600,000
$1,280,000
$1,280,000
$960,000
$960,000
$640,000
$640,000
$320,000
$320,000
$0
District 7 | Condominium Sales by Price Point
District 8 | Condominium Summary
Supply & Demand
Throughout the first three quarters of 2024, the supply of condominiums has averaged 150 per month on market. On the demand side, there has been a 36.4% decrease compared to September 2023 and a 46.2% decrease since last month.
Monthly Average Sale Price Change & Average PPSF
In a year-over-year comparison the average sale price has increased by 20 1% and in a one-month comparison, it has increased by 0.5%.
$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 October 7, 2024.
District 8 | Condominium Sales by Price Point
District 9 | Condominium Summary
Supply & Demand
Throughout the first three quarters of 2024, the supply of condominiums has averaged 314 per month on market. On the demand side, there has been a 30.0% decrease compared to September 2023 and last month
Monthly Average Sale Price Change & Average PPSF
In a year-over-year comparison the average sale price has Increased by 0.03% and in a one-month comparison, it has increased by 8.5%.
$1,620,000 $1,800,000
$1,440,000
$1,260,000
$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 October 7, 2024.
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 (January 1, 2023 – September 30, 2024).
Select New Development Resale Search
The following are closed resales from a collection of new developments from the beginning of 2023
St. Regis Residences
New Construction Project Profile
The information presented below is derived from currently selling new construction developments.
181 Fremont Street, San Francisco
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.
Sales ( Jan 2023 - Sep 30 2024 )
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. Crescent
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.
Sales ( Jan 2023 - Sep 30 2024 )
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
- ~$5,400 / 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 ~$2,500 - ~$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.
Sales ( Jan 2023 - Sep 30 2024 )
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 ~$1,550 - ~$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.
Sales ( Jan 2023 - Sep 30 2024 )
New Development Monthly Trends Report
San Francisco October 2024
891 Beach Street San Francisco, CA 94109
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