2016 Mission Bay Annual Report

SKYBOX REALTY

2016 Mission Bay Report Sherry Juneja & Vi Pavlicevich 415.676.7086 / sherry@skyboxrealty.com | 415.828.1114 / vi@skyboxrealty.com

SHERRY JUNEJA bre 01916952 | 415.676.7086 sherry@skyboxrealty.com

VI PAVLICEVICH bre 01906246 | 415.828.1114 vi@skyboxrealty.com

Dear Neighbors, Welcome to 2017.

Mission Bay has become one of San Francisco’s fastest growing neighborhoods. With its sunny weather, green parks, and easy access to freeways, Mission Bay has become a popular neighborhood for young professionals, families, retirees, and dog lovers.

There has been tremendous growth in Mission Bay in the last five years, and the most recent development was the breaking ground ceremony for the new Golden State Warriors Stadium.

More and more people are finding that the beautiful waterfront neighborhood has a lot to offer, but there is just not enough inventory. Although there is a lot of uncertainty in the real estate market, one of the biggest factors affecting San Francisco real estate is the increasing interest rates. With interest rates having already risen 75 basis points in the last 3 months, homebuyers are more motivated and serious to purchase before the next set of rate hikes. It’s an unusually active January, and if you’re considering buying or selling, we can provide a free consultation on how to maximize your return.

Sincerely, Sherry & Vi Your #1 Mission Bay Team, and fellow Mission Bay Homeowners

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 warising out of this document and excludes all liability for loss and damages arising there from.

Table of Contents 2016 Annual Report for Mission Bay Condos

FAST FACTS

6-7

235 BERRY

8-9

255 BERRY

10 - 11

ARTERRA

12 - 13

PARK TERRACE

14 - 15

MADRONE

16 - 17

RADIANCE

18 - 19

ARDEN

20 - 21

ONE MISSION BAY

24 - 25

WARRIORS STADIUM

26 -27

T

E NS

ND

R

ST

EE

W

TO

GROWTH OF MISSION BAY

N1

NG

KI

N1

S

T

EE

TR

N2-1

1 MISSION BAY

N2-2

EETT REE ST DD S 3R

DOG PARK

N2-3

2 MISSION BAY

ET

RE

N3 -1

Y RR

BE

ST

CHILDREN’S PARK

K

EE

N

IO

ISS

N3A-1

CR

M

4T

P3

H ET RE SSTT

1

N3 A-2

NORT H

H 5T ST ET RE N4 -1

NP2

P1

NNE AN CH

N4- 2 N4A- 1

N4- 3

L

RE ST

3 BAKAR FITNESS &

RECREATIONAL CENTER UCSF

CHANNEL STREET

NP1 NP

N3A-3

6

4

N3-2

ET 2

4 MARRIOTT HOTEL

13 E

N4A-2

TT

13W N4A- 3

N5

NP3 N

P5

E RE ST

P2

3E P20

TRE SSS N ROCK SSIO MISS MISSIO ROC R OC STREE STRE R T

2

NP4

3W

5

P6

8

4E

4W

BRIDGEVIEW WAY

NG LO

BB

GEE DDG RI

9

12E

5 UBER HEADQUARTERS 9A

HOME OF THE GS WARRIORS

P19

CHINA BASIN CH CHINA I STREETT STREET STREE TREET TRE SIN

NP5 6E

7W

7E

3RD 3RD RD D ST SST ST REET REEET R EETT EET

6W

4TH ST REET

12W

MERRIM AC ST.

11

10

P18 S ON BAY BBAY BA A BLVD BLVD. LLVD D N OR ORT MISSI MISSIO MISS M ISSIO SSIO AY VD NORT NORTH ORTH RTH TH TH

P8 P11A

P10

6 MISSION ROCK PROJECT

10 A

P 11

P 12

P 13

1

P16

P 15

D. SOUTH SOUT MISSI ON BAY BLVD. UT

P17

RETAIL SPACE

26-2

P7

P9

41/43 B

15

16

17AB

17C

26A

26

PIERP OINT LAN E

41/43 7 19A

41/43 3 5

19C 20

18A

18

28

27

41/43 3 6

SOU TH STREET

41/43 4

22

29

23

30

EN OW

5

S ET RE

ST

43 41/43 3 3

D.

43 41/43 3 2

TERRY FRANCOIS BLV

3

A 21

4 45

P21

24

25B 5

25A

41/43 1

31

32

16TH STREET

O OWENS STREET

444

36

33

ILLINO IS STR EET

4TH TH STT REET REET REE EE E EE

39

40

P23 X4 4

38

37

P27

P26

X3

34

P24

P22

STARBUCKS REVEILLE CAFE MARKET HALL SPARKS FOOD TRUCKS AND MORE

7

Mission Bay Fast Facts

118

$1,233,015

$1,076

46

100.61

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

AVG % SALE/LIST

1.7% YOY

1.2% YOY

.67% YOY

59% YOY

3.6% YOY

MISSION BAY

AVERAGE PRICE PER SQUARE FOOT $1200 $1100 $1000 $900 Q1

Q2

Q3

Q4

235 Berry 235 Berry

5

$1,396,800

$1,078

31

101.19

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

AVG % SALE/LIST

38% YOY

9.3% YOY

3.6% YOY

235 BERRY

235 BERRY SOLDS

1

60

ABSORPTION

48% YOY

5.6% YOY

DAYS ON THE MARKET 50

.75

40 30

.5

20 10

.25 Q1

Q2

Q3

ABSORPTION = NUMBER OF UNITS SOLD / TIME

Q4

Q1

Q2 235 BERRY

MISSION BAY

Q3

Q4

SOLD

ACTIVE

ACTIVE CONTINGENT

9

PENDING

604 | $1,100,000 (2BR) $1100/sf 513 | $1,289,000 (2BR) $1044/sf 404 | $1,195,000 (2BR) $1117/sf 315 | $1,300,000 (2BR) $1053/sf

313 | $1,275,000 (2BR) $1032/sf

106 | $2,100,000 (3BR) $----/sf

235 BERRY

AVERAGE PRICE PER SQUARE FOOT $1400 $1300 $1200 $1100 Q1 All Data From SFARMLS

Q2

Q3

Q4

255 Berry 255 Berry

5

$1,916,000

$1093

22

105.39

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

AVG % SALE/LIST

400% YOY

5.4% YOY

32% YOY

255 BERRY

255 BERRY SOLDS

1

60

ABSORPTION

214% YOY

5.6% YOY

DAYS ON THE MARKET 50

.75

40 30

.5

20 10

.25 Q1

Q2

Q3

ABSORPTION = NUMBER OF UNITS SOLD / TIME

Q4

Q1

Q2 255 BERRY

MISSION BAY

Q3

Q4

SOLD

ACTIVE

ACTIVE CONTINGENT

11

PENDING

708 | $3,125,000 (2BR) $1359/sf 604 | $1,399,000 (2BR) $----/sf

610 | $2,200,000 (3BR) $959/sf 506 | $1,315,000 (2BR) $1017/sf 408 | $1,100,000 (1BR) $1053/sf

317 | $1,840,000 (2BR) $1075/sf

255 BERRY

AVERAGE PRICE PER SQUARE FOOT $1250 $1150 $1050 $950 Q1 All Data From SFARMLS

Q2

Q3

Q4

Arterra 300 Berry

18

$1,082,139

$1,180

31

101.60

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

AVG % SALE/LIST

20% YOY

1.1% YOY

11% YOY

ARTERRA

ARTERRA SOLDS

2

60

ABSORPTION

94% YOY

3.3% YOY

DAYS ON THE MARKET 50

1.75

40 30

1.5

20 10

1.25 Q1

Q2

Q3

ABSORPTION = NUMBER OF UNITS SOLD / TIME

Q4

Q1

Q2 ARTERRA

MISSION BAY

Q3

Q4

SOLD

ACTIVE

ACTIVE CONTINGENT

1608 | $881,000 (1BR) $----/sf 1609 | $1,250,000 (2BR) $----/sf 1406 | $870,000 (1BR) $1255/sf 1303 | $899,000 (1BR) $1228/sf

13

PENDING

1604 | $900,000 (1BR) $----/sf 1610 | $1,357,000 (2BR) $1342/sf 1405 | $925,000 (1BR) $----/sf

913 | $942,000 (1BR) $1238/sf 813 | $1,000,000 (1BR) $1314/sf 706 | $848,000 (1BR) $----/sf

909 | $750,000 (1BR) $1256/sf 812 | $1,300,000 (2BR) $1125/sf

522 | $983,000 (1BR) $1135/sf 448 | $1,240,000 (2BR) $1034/sf 306 | $1,325,000 (2BR) $1254/sf 449 | $1,305,000 (2BR) $1019/sf

555 | $1,388,000 (3BR) $1086/sf 401 | $1,200,000 (2BR) $----/sf 305 | $850,000 (1BR) $----/sf 201 | $1,012,500 (2BR) $1104/sf

ARTERRA

AVERAGE PRICE PER SQUARE FOOT $1300 $1200 $1100 $1000 Q1 All Data From SFARMLS

Q2

Q3

Q4

Park Terrace 325 Berry

3

$1,143,333

$1,056

45

103.78

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

AVG % SALE/LIST

57% YOY

4.7% YOY

15% YOY

PARK TERRACE

PARK TERRACE SOLDS

1

60

ABSORPTION

61% YOY

.41% YOY

DAYS ON THE MARKET 50

.75

40 30

.5

20 10

.25 Q1

Q2

Q3

ABSORPTION = NUMBER OF UNITS SOLD / TIME

Q4

Q1

Q2 PARK TERRACE

MISSION BAY

Q3

Q4

SOLD

ACTIVE

ACTIVE CONTINGENT

15

PENDING

302 | $1,500,000 (2BR) $944/sf 326 | $1,000,000 (1BR) $1103/sf

312 | $930,000 (1BR) $1120/sf

PARK TERRACE

AVERAGE PRICE PER SQUARE FOOT $1200 $800 $400 $0 Q1 All Data From SFARMLS

Q2

Q3

Q4

Madrone 420 / 480 Mission Bay Blvd | 435 China Basin

13

$1,418,538

$1,087

50

100.97

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

AVG % SALE/LIST

61% YOY

4.9% YOY

7.3% YOY

MADRONE

MADRONE SOLDS

2

75

ABSORPTION

85% YOY

3% YOY

DAYS ON THE MARKET 65

1.5

55 45

1

35 25

.5 Q1

Q2

Q3

ABSORPTION = NUMBER OF UNITS SOLD / TIME

Q4

Q1

Q2 MADRONE

MISSION BAY

Q3

Q4

SOLD

ACTIVE

ACTIVE CONTINGENT

17

PENDING

1607 | $2,150,000 (2BR) $----/sf

1306 | $1,738,000 (2BR) $1165/sf 1203 | $1,748,000 (2BR) $1119/sf 1006 | $1,749,000 (2BR) $1165/sf 905 | $1,575,000 (2BR) $1382/sf 812 | $1,480,000 (2BR) $----/sf

514 | $1,600,000 (2BR) $----/sf

534 | $1,399,000 (2BR) $1006/sf 440 | $1,060,000 (2BR) $943/sf 303 | $1,175,000 (1BR) $1094/sf 215 | $915,000 (1BR) $1039/sf 110 | $795,000 (1BR) $935/sf

335 | $1,269,000 (2BR) $----/sf 337 | $1,355,000 (2BR) $----/sf 106 | $1,580,000 (2BR) $972/sf

MADRONE

AVERAGE PRICE PER SQUARE FOOT $1400 $1200 $1000 $800 Q1 All Data From SFARMLS

Q2

Q3

Q4

Radiance 330 Mission Bay Blvd | 325 China Basin

1

$918,000

$1,080

21

104.56

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

AVG % SALE/LIST

10% YOY

19% YOY

83% YOY

31% YOY

RADIANCE

RADIANCE SOLDS

.4

60

ABSORPTION

2.4% YOY

DAYS ON THE MARKET 50

.3

40 30

.2

20 10

.1 Q1

Q2

Q3

ABSORPTION = NUMBER OF UNITS SOLD / TIME

Q4

Q1

Q2 RADIANCE

MISSION BAY

Q3

Q4

SOLD

ACTIVE

ACTIVE CONTINGENT

19

PENDING

308 | $918,000 (1BR) $1080/sf

RADIANCE

AVERAGE PRICE PER SQUARE FOOT $1200 $900 $600 $300 Q1 All Data From SFARMLS

Q2

Q3

Q4

Arden 718 / 738 Long Bridge

28

$1,566,429

$1,184

43

99.66

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

AVG % SALE/LIST

----% YOY

----% YOY

----% YOY

----% YOY

----% YOY

ARDEN

ARDEN SOLDS

6

60

ABSORPTION

DAYS ON THE MARKET 50

4.5

40 30

3

20 10

1.5 Q1

Q2

Q3

ABSORPTION = NUMBER OF UNITS SOLD / TIME

Q4

Q1

Q2 ARDEN

MISSION BAY

Q3

Q4

SOLD

ACTIVE

ACTIVE CONTINGENT

21

PENDING

1606 | $2,750,000 (3BR) $1700/sf

1601 | $1,650,000 (2BR) $1337/sf 1504 | $2,100,000 (2BR) $1428/sf 1405 | $1,898,000 (2BR) $1221/sf

1411 | $1,295,000 (2BR) $1270/sf 1306 | $1,738,000 (2BR) $1165/sf 1210 | $1,980,000 (2BR) $1357/sf

1010 | $1,790,000 (2BR) $1233/sf 911 | $1,650,000 (2BR) $1279/sf 802 | $1,775,000 (2BR) $1255/sf 716 | $1,674,000 (2BR) $1175/sf

915 | $1,600,000 (2BR) $1281/sf 814 | $1,410,000 (2BR) $----/sf 715 | $1,550,000 (2BR) $1246/sf 606 | $1,425,000 (2BR) $953/sf 504 | $1,345,000 (2BR) $1336/sf 316 | $1,490,000 (2BR) $1082/sf 324 | $1,262,000 (2BR) $1012/sf 210 | $1,488,000 (2BR) $1083/sf 109 | $1,339,000 (2BR) $1055/sf

806 | $1,650,000 (2BR) $1242/sf

516 | $1,100,000 (1BR) $1249/sf 407 | $1,809,000 (2BR) $1121/sf 303 | $1,250,000 (2BR) $977/sf 219 | $1,150,000 (1BR) $919/sf 110 | $1,158,000 (1BR) $1036/sf

311 | $1,788,000 (2BR) $----/sf 318 | $1,490,000 (2BR) $1082/sf 213 | $1,499,000 (2BR) $1091/sf 107 | $1,475,000 (2BR) $1042/sf

ARDEN

AVERAGE PRICE PER SQUARE FOOT $1300 $1200 $1100 $1000 Q1 All Data From SFARMLS

Q2

Q3

Q4

23

New Developments MISSION BAY

One Mission Bay 110 Channel | 1000 3rd

350

147+

$725K+

$1.26M+

$1.718M+

# UNITS

# IN CONTRACT

1BR LIST PRICE

2BR LIST PRICE

3BR LIST PRICE

SOLD

ACTIVE

ACTIVE CONTINGENT

25

PENDING

1607 | $2,600,000 (3BR) $1586/sf

1007 | $2,098,000 (3BR) $1290/sf 908 | $949,000 (1BR) $1143/sf 811 | $2,100,000 (3BR) $1440/sf 714 | $1,490,000 (2BR) $1244/sf 505 | $1,700,000 (2BR) $1113/sf 503 | $1,628,000 (3BR) $1280/sf 412 | $894,000 (1BR) $1166/sf 312 | $705,000 (0BR) $1381/sf 214 | $845,000 (0BR) $1112/sf

619 | $1,448,000 (2BR) $1237/sf 522 | $1,325,000 (2BR) $1115/sf 416 | $705,899 (0BR) $1390/sf 314 | $907,000 (1BR) $1258/sf 218 | $582,000 (0BR) $1171/sf

New Condos in Mission Bay Selling Now! Call for Prices & Floor Plans 415.676.7086 or 415.828.1114

All Data From SFARMLS

27

The Warriors Stadium The Chase Center

The Warriors Stadium aka the Chase Center will be a world-class sports and entertainment destination hosting its championship team.

This beautiful building will have 24,000 sf of open public plaza facing the waterfront, several restaurants including wine bars, an oyster bar and restaurants featuring the farm to table concept. It will also include first-to-market experiential retail and fitness amenities.

The center is expected to host 200+ events per year and is set to become a space for community gathering and hub for sports and cultural events.

More details to come in our next report!

All Data From SFARMLS

SHERRY JUNEJA TOP PRODUCER

bre 01916952 | 415.676.7086 sherry@skyboxrealty.com

VI PAVLICEVICH TOP PRODUCER

bre 01906246 | 415.828.1114 vi@skyboxrealty.com