2017 Dogpatch Report

DOGPATCH CONDO REPORT VI PAVLICEVICH & SHERRY JUNEJA

DOGPATCH

MEDIAN PRICE PER SQUARE FOOT $1000 $900 $800 $700 2014

2015

VI PAVLICEVICH bre 01906246 | 415.828.1114 vi@skyboxrealty.com

2016

SHERRY JUNEJA bre 01916952 | 415.676.7086 sherry@skyboxrealty.com

2017

3

DEAR NEIGHBORS, DOGPATCH MARKET UPDATE

We are at the end of Q1 and there is a lot of volatility in the San Francisco condo market. January was unusually active, due to various factors including the unpredictability of the Trump administration, news of three potential rate hikes in 2017, and the hype surrounding the Warriors breaking ground in our neighborhood.

The graph to the left shows the rolling 6 month average $/SF sold in Dogpatch. There was a slight uptick with the sales of multiple 1 bedroom view units, however, there is a consistent gradual decline over the past 12 months. We believe this is the first year of a multi-year correction in our real estate market.

There is more equilibrium between buyers and sellers, and we advise sellers to reexamine their time horizons for holding property.

If within 12 months, we believe now is the time for sellers to maximize their return on their investment.

Please reach out with questions about the Mission Bay market.

Your Neighbors, Vi & Sherry 415.828.1114 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.

TABLE OF CONTENTS DOGPATCH 2017 Q1 REPORT

FAST FACTS

6-7

616 20TH

8-9

638 19TH

10 - 11

1207 INDIANA

12 - 13

1352 INDIANA

14 - 15

ESPIRIT PARK

16 - 17

MILL WHEEL

18 - 19

POTRERO SQUARE LOFTS

20 - 21

ALL DATA IN THIS BOOK REFLECTS SALES BETWEEN APRIL 1, 2016 AND MARCH 31, 2017.

All Data From

DOGPATCH FAST FACTS

47

$1,066,340

$908

32

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

3.5% YOY

28% YOY

4.1% YOY

10% YOY

DOGPATCH

AVERAGE PRICE PER SQUARE FOOT $960 $920 $880 $840 ‘16 Q2

m SFARMLS

‘16 Q3

‘16 Q4

‘17 Q1

616 20TH |

616 20TH

3

$841,667

$1,107

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

All Data From

m SFARMLS

9

18

$900,000

101.36

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

510 | $900,000 (2BR) $1169/sf 440 | $900,000 (2BR) $1210/sf 320 | $725,000 (1BR) $942/sf

638 19TH | 638 19TH 0

----

----

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

All Data From

m SFARMLS

11

----

----

----

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

4 | $1,395,000 (3BR) $869/sf

1207 INDIANA | 1207 INDIANA 2

$1,212,500

$802

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

All Data From

13

65

$1,212,500

103.28

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

20 | $1,200,000 (2BR) $832/sf

4 | $1,225,000 (2BR) $771/sf

m SFARMLS

1352 INDIANA | 1352 INDIANA 0

----

----

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

All Data From

m SFARMLS

15

----

----

----

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

ESPIRIT PARK | 989 20TH | 801 / 875 INDIANA | 850 / 868 M 8

$990,500

$995

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

561 | $1,150,000 (2BR) $813/sf 363 | $1,175,000 (2BR) $845/sf 362 | $1,135,000 (2BR) $926/sf

361 | $1,250,000 (2BR

212 | $915,000 (1BR) $1096/sf

All Data From

17

MINNESOTA

25

$912,500

102.87

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

R) $1006/sf

m SFARMLS

568 | $840,000 (1BR) $1006/sf 468 | $849,000 (1BR) $1017/sf 324 | $850,000 (1BR) $998/sf 213 | $910,000 (1BR) $1068/sf

MILL WHEEL | 1275 / 1301 INDIANA | 1260 / 1280 MINNESOT 2

$1,162,500

$855

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

205 | $1,090,000 (2BR) $868/sf

All Data From

19

TA

m SFARMLS

41

$1,162,500

98.60

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

103 | $1,235,000 (2BR) $842/sf

POTRERO SQUARE LOFTS |

701 MINNESOTA

2

$930,000

$945

# SOLD

AVG SALE PRICE

AVG $/SF

SOLD

ACTIVE

CONTINGENT

PENDING

223 | $1,150,000 (2BR) $927/sf 152 | $710,000 (1BR) $963/sf

All Data From

m SFARMLS

21

27

$930,000

100.65

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

SOLD UNITS 4.1.16 - 3.31.17 Address

BR

BA

Status

Status Date

701 Minnesota #152

1

1

Sold

11.3.16

989 20th #568

1

1.5

Sold

6.29.16

616 20th #320

1

1

Sold

11.10.16

989 20th #468

1

1.5

Sold

2.24.17

875 Indiana #324

1

1.5

Sold

9.26.16

616 20th #510

2

1

Sold

2.17.17

616 20th #440

2

1

Sold

4.12.16

868 Minnesota #213

1

1.5

Sold

5.5.16

868 Minnesota #212

1

1.5

Sold

4.28.16

1275 Indiana #205

2

2

Sold

4.21.16

801 Indiana #362

2

2.5

Sold

5.27.16

701 Minnesota #223

2

2

Sold

3.29.17

801 Indiana #363

2

2.5

Sold

12.30.16

1207 Indiana #20

2

2

Sold

9.23.16

1207 Indiana #4

2

2

Sold

6.21.16

1260 Minnesota #103

2

2

Sold

8.30.16

801 Indiana #361

2

2

Sold

5.24.16

* Only showing sold units in buildings featured in this book. Does not include new construction.

All Data From

23 DOM

SF

List Price

Sold Price

$/SF

15

737

$699,000

$710,000

$963

43

835

$875,000

$840,000

$1006

24

770

$715,000

$725,000

$942

32

835

$849,000

$849,000

$1017

39

852

$869,000

$850,000

$998

7

770

$888,000

$900,000

$1169

24

744

$888,000

$900,000

$1210

4

852

$875,000

$910,000

$1068

13

835

$875,000

$915,000

$1096

33

1256

$1,099,000

$1,090,000

$868

41

1226

$1,190,000

$1,135,000

$926

39

1241

$1,149,000

$1,150,000

$927

21

1391

$1,095,000

$1,175,000

$845

0

1442

$1,199,000

$1,200,000

$832

65

1589

$1,199,000

$1,225,000

$771

49

1467

$1,259,000

$1,235,000

$842

9

1243

$1,150,000

$1,250,000

$1006

m SFARMLS

VI PAVLICEVICH bre 01906246 | 415.828.1114 vi@skyboxrealty.com

SHERRY JUNEJA bre 01916952 | 415.676.7086 sherry@skyboxrealty.com