2017 Q2 South Beach & Yerba Buena Condo Update

SOUTH BEACH & YERBA BUENA 2017 Q2 REPORT PAUL HWANG | RANKED #1 IN SOUTH BEACH 415.216.8746 | PAUL@SKYBOXREALTY.COM

DEAR NEIGHBORS, 2017 Q2

Although Skybox Realty has experienced a record year, the overall San Francisco Condo market has not. As we hit the halfway point of 2017, it has become clear that there are several diverging trends.

The upper end of the San Francisco District 9 condo market priced above $1.5 million has slowed year over year with Average Price Per Square Foot ($1277/SF) declining and Days on the Market increasing (78 days). Units priced below $1.5 million are moving much more quickly with 38 days on the market. It’s interesting to note that the rest of the Bay Area market is super heated, with the notable exception being SoMA / South Beach. This may be due to the significant amount of New Development inventory currently available.

The market has definitely become more favorable for buyers.

Please contact me for a personalized market analysis of your property.

Best Regards, Paul Hwang | Principal Broker Ranked #1 in South Beach 415.216.8746 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 SOUTH BEACH & YERBA BUENA

FAST FACTS

8-9

THE INFINITY

10 - 13

THE METROPOLITAN

14 - 17

ONE RINCON HILL

18 - 21

MILLENNIUM

22 - 23

ONE HAWTHORNE

24 - 27

WATERMARK

28 - 31

SOLD UNITS

32 - 33

LUMINA

34 - 35

THE HARRISON

36 - 37

72 TOWNSEND

38 - 39

181 FREMONT

40 - 41

OPENINGS

42 - 43

SOUTH BEACH FAST FACTS

69

$1,284,521

$1,164

52

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

30% YOY

6.8% YOY

1.3% YOY

6.1-% YOY

SOUTH BEACH

PRICE PER SQUARE FOOT DISTRIBUTION

$341/SF

$617/SF

$893/SF

$1169/SF

$1445/SF

$1721/SF

$1997/SF

STANDARD DEVIATION = $275.82

All Data From

YERBA BUENA FAST FACTS

18

$1,417,000

$1,127

44

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

21% YOY

46% YOY

18% YOY

22% YOY

YERBA BUENA

PRICE PER SQUARE FOOT DISTRIBUTION

$188/SF

$501/SF

$814/SF

STANDARD DEVIATION = $312.80

m SFARMLS

$1127/SF

$1440/SF

$1753/SF

$2066/SF

THE INFINITY |

301 / 333 MAIN | 318 / 338 SPEAR

D31A | $2,050,000 (2BR) $1609/sf

D26G | $1,125,000 (1BR) $1394/sf

D10G | $865,000 (1BR) $1076/sf A8D | $825,000 (0BR) $1533/sf A6K | $925,000 (1BR) $1112/sf D4J | $1,050,000 (1BR) $1028sf

A6C | $950,000 (1BR) $1139/sf A3G | $899,000 (1BR) $1107/sf

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

PENDING

B37B | $10,600,000 (3BR) $3134/sf

B27D | $1,999,000 (2BR) $1518/sf B26F | $1,899,000 (2BR) $1453/sf

B23D | $1,849,500 (2BR) $1404/sf B22H | $1,590,000 (2BR) $1207/sf B19G | $1,075,000 (1BR) $1418/sf B18E | $1,599,000 (2BR) $1355/sf

B15CD | $5,495,000 (2BR) $2585/sf

C9F | $969,000 (1BR) $1200/sf

C5K | $929,000 (1BR) $1121/sf C4K | $949,000 (1BR) $1141/sf

B5C | $1,750,000 (2BR) $999/sf

11

THE INFINITY |

301 / 333 MAIN | 318 / 338 SPEAR

4

$1,288,750

$1,116

# SOLD

AVG SALE PRICE

AVG $/SF

60% YOY

39% YOY

28% YOY

----% QOQ

.49% QOQ

8.2% QOQ

THE INFINITY

AVG PRICE PER SQUARE FOOT $1600 $1400 $1200 2016 Q3

2016 Q4

2017 Q1

2017 Q2

THE INFINITY ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

$519/SF

$764/SF

$1009/SF

$125

STANDARD DEVIATION = $244.69

All Data From

13

61

$1,270,000

98.61

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

8.9% YOY

28% YOY

.72% YOY

79% QOQ

4.5% QOQ

2.4% QOQ

THE INFINITY

2017 BUYER DEMOGRAPHIC

54/SF

m SFARMLS

CASH LOAN UNKNOWN 2017 Q1

$1499/SF

2017 Q2

$1744/SF

$1989SF

THE METROPOLITAN | 333 / 355 1ST STREET

N1907 | $1,299,000 (2BR) $1367/sf

N1406 | $650,000 (0BR) $1285/sf

N605 | $822,000 (1BR) $1159/sf

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

PENDING

S1705 | $910,000 (1BR) $1314/sf

S1002 | $1,175,000 (2BR) $----/sf S803 | $768,000 (1BR) $----/sf

S403 | $750,000 (1BR) $----/sf

15

THE METROPOLITAN |

333 / 355 1ST STREET

5

$861,400

$1,222

# SOLD

AVG SALE PRICE

AVG $/SF

----% YOY

33% YOY

21% YOY

67% QOQ

38% QOQ

2.2% QOQ

THE METROPOLITAN

AVG PRICE PER SQUARE FOOT $1250 $1150 $1050 2016 Q3

2016 Q4

2017 Q1

2017 Q2

THE METROPOLITAN ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

BELL CURVE GRAPH $954/SF

$1038/SF

$1122/SF

$120

STANDARD DEVIATION = $84.23

All Data From

17

19

$822,000

102.45

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

47% YOY

47% YOY

5.9% YOY

70% QOQ

1% QOQ

3.8% QOQ

THE METROPOLITAN

2017 BUYER DEMOGRAPHIC

CASH LOAN UNKNOWN 2017 Q1

2017 Q2

WILL GO HERE>

06/SF

m SFARMLS

$1290/SF

$1374/SF

$1458/SF

ONE RINCON HILL | 425 1ST | 489 HARRISON

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

6002 | $2,470,050 (3BR) $1619/sf 5803 | $2,800,000 (3BR) $1670/sf 5404 | $1,899,000 (2BR) $1506/sf 5302 | $2,788,800 (3BR) $1415/sf 5101 | $1,945,000 (2BR) $----/sf

4704 | $899,000 (1BR) $1486/sf

3904 | $800,000 (1BR) $1322/sf

3002 | $2,600,000 (3BR) $1319/sf 2902 | $2,775,000 (3BR) $1408/sf 2702 | $2,295,000 (2BR) $1753/sf 2504 | $799,000 (1BR) $1321/sf

1808 | $1,100,000 (1BR) $1457/sf

906 | $1,469,000 (2BR) $1187/sf

PENDING

19

ONE RINCON HILL | 425 1ST | 489 HARRISON 6

$2,042,975

$1,469

# SOLD

AVG SALE PRICE

AVG $/SF

200% YOY

14% YOY

11% YOY

50% QOQ

51% QOQ

4.7% QOQ

ONE RINCON HILL

AVG PRICE PER SQUARE FOOT $1600 $1500 $1400 2016 Q3

2016 Q3

2017 Q1

2017 Q2

ONE RINCON HILL ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

$667/SF

$928/SF

$1189/SF

$145

STANDARD DEVIATION = $260.89

All Data From

21

108

$2,535,025

94.68

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

227% YOY

41% YOY

2.5% YOY

112% QOQ

106% QOQ

3.6% QOQ

ONE RINCON HILL

2017 BUYER DEMOGRAPHIC

50/SF

m SFARMLS

CASH LOAN UNKNOWN 2017 Q1

$1711/SF

2017 Q2

$1972/SF

$2233/SF

MILLENNIUM TOWER |

301 MISSION

PHA | $5,750,000 (2BR) $2125/sf

606 | $2,195,000 (1BR) $1344/sf 401 | $5,995,000 (4BR) $1572/sf

All Data From

SOLD

ACTIVE

33E | $2,500,000 (2BR) $1459/sf

24D | $999,000 (1BR) $1266/sf

4E | $1,299,000 (2BR) $1143/sf

m SFARMLS

CONTINGENT

PENDING

23

ONE HAWTHORNE |

1 HAWTHORNE LANE

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

PENDING

25A | $2,495,000 (2BR) $1534/sf 24A | $2,295,000 (2BR) $1515/sf 22C | $1,830,000 (2BR) $1393/sf 21F | $1,950,000 (2BR) $1408/sf

10E | $1,629,000 (2BR) $1307/sf

6D | $920,000 (1BR) $1080/sf

25

ONE HAWTHORNE |

1 HAWTHORNE LANE

3

$1,566,667

$1,293

# SOLD

AVG SALE PRICE

AVG $/SF

----% YOY

32% YOY

11% YOY

----% QOQ

31% QOQ

15% QOQ

ONE HAWTHORNE

AVG PRICE PER SQUARE FOOT $1500 $1300 $1100 2016 Q3

2016 Q4

2017 Q1

2017 Q2

ONE HAWTHORNE ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

$611/SF

$841/SF

$1071/SF

$130

STANDARD DEVIATION = $230.30

All Data From

27

42

$1,830,000

97.71

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

40% YOY

79% YOY

1.1% YOY

14% QOQ

93% QOQ

.23% QOQ

ONE HAWTHORNE

2017 BUYER DEMOGRAPHIC

01/SF

m SFARMLS

CASH LOAN UNKNOWN 2017 Q1

$1531/SF

2017 Q2

$1761/SF

$1991/SF

WATERMARK |

501 BEALE

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

20F | $1,450,000 (2BR) $----/sf

12D | $1,995,000 (2BR) $1585/sf 10D | $1,676,500 (2BR) $1332/sf

4H | $1,285,000 (2BR) $1107/sf

1D | $798,000 (1BR) $960/sf

PENDING

29

WATERMARK |

501 BEALE

2

$1,480,750

$1,219

# SOLD

AVG SALE PRICE

AVG $/SF

100% YOY

16% YOY

20% YOY

----% QOQ

8% QOQ

15% QOQ

WATERMARK

AVG PRICE PER SQUARE FOOT $1250 $1150 $1050 2016 Q3

2016 Q4

2017 Q1

2017 Q2

WATERMARK ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

BELL CURVE GRAPH

$633/SF

$838/SF

$1043/SF

$124

STANDARD DEVIATION = $204.58

All Data From

31

30

$1,480,750

99.81

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

41% YOY

16% YOY

1.7% YOY

70% QOQ

8% QOQ

1.1% QOQ

WATERMARK

2017 BUYER DEMOGRAPHIC

CASH LOAN UNKNOWN 2017 Q1

2017 Q2

WILL GO HERE>

48/SF

m SFARMLS

$1453/SF

$1658/SF

$1863/SF

SOLD UNITS Q2 2017 Address

BR

BA

Status

Status Date

1 Hawthorne 6D

1

1

Sold

4.20.17

1 Hawthorne 22C

2

2

Sold

5.24.17

1 Hawthorne 21F

2

2

Sold

4.7.17

301 Mission PH1A

2

3

Sold

4.28.17

333 1st 1406

0

1

Sold

5.24.17

355 1st 403

1

1

Sold

5.10.17

425 1st 2504

1

1

Sold

4.14.17

425 1st 3904

1

1

Sold

4.17.17

333 1st 605

1

1

Sold

5.5.17

338 Spear 10G

1

1

Sold

4.3.17

355 1st 1705

1

1

Sold

6.12.17

318 Spear 6C

1

1

Sold

4.28.17

355 1st 1002

2

2

Sold

4.27.17

501 Beale 4H

2

2

Sold

6.20.17

301 Main 22H

2

2

Sold

4.7.17

501 Beale 10D

2

2

Sold

6.28.17

301 Main 5C

2

2.5

Sold

4.4.17

425 1st 6002

3

2

Sold

6.8.17

425 1st 3002

3

3

Sold

5.31.17

425 1st 5302

2

2.5

Sold

6.26.17

425 1st 5803

3

2

Sold

4.17.17

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

All Data From

33 DOM

SF

List Price

Sold Price

$/SF

9

852

$880,000

$920,000

$1080

0

1314

$1,850,000

$1,830,000

$1393

74

1385

$2,100,000

$1,950,000

$1408

227

2706

$8,995,000

$5,750,000

$2125

13

506

$575,000

$650,000

$1285

37

----

$730,000

$750,000

----

70

605

$799,000

$799,000

$1321

46

605

$810,000

$800,000

$1322

23

709

$799,000

$822,000

$1159

31

804

$899,000

$865,000

$1076

16

----

$899,900

$910,000

----

0

805

$950,000

$950,000

$1180

7

----

$1,200,000

$1,175,000

----

6

1161

$1,269,000

$1,285,000

$1107

133

1317

$1,899,000

$1,590,000

$1207

54

1259

$1,698,000

$1,676,500

$1332

20

1752

$1,749,900

$1,750,000

$999

368

1526

$3,349,000

$2,470,050

$1619

63

1971

$2,985,000

$2,600,000

$1319

77

1971

$3,250,000

$2,788,800

$1415

24

1677

$2,995,000

$2,800,000

$1670

m SFARMLS

LUMINA |

318 / 338 MAIN | 333 BEALE | 201 FOLSOM

530+

126

17

# SOLD

# REMAINING

AVG ABSORPTION

D36A | $7,875,000 (3BR)

** D23C | $2,945,000 (2BR) ** D20H | $1,249,000 (1BR)

** D16G | $1,700,000 (2BR)

** D8D | $1,078,000 (1BR) ** C6F | $968,000 (1BR) ** C4C | $1,269,000 (1BR) ** C3F | $989,000 (1BR)

C3G | $1,880,000 (2BR)

Only showing listings marketed on SFA

SOLD

ACTIVE

FARMLS. Listings with ** indicates resales.

CONTINGENT

PENDING

B32E | $3,295,000 (3BR) B30C | $2,325,000 (2BR)

B30B | $5,385,000 (3BR) B30A | $2,545,000 (2BR) B28E | $1,999,000 (2BR)

B23E | $1,885,000 (2BR) B21H | $1,235,000 (1BR) B19D | $1,260,000 (1BR) B18H | $1,160,000 (1BR) B17H | $1,160,000 (1BR) B15D | $1,200,000 (1BR)

B8C | $1,565,000 (2BR) B7F | $1,365,000 (2BR)

A4C | $1,185,000 (1BR) B3F | $1,520,000 (2BR) A2A | $1,649,000 (2BR)

B9F | $1,420,000 (2BR) B8B | $1,485,000 (2BR) B7G | $1,595,000 (2BR) B5C | $1,520,000 (2BR) B4C | $1,515,000 (2BR) B3D | $935,000 (0BR) B1D | $1,055,000 (1BR)

35

THE HARRISON |

401 HARRISON

100+

199

7

# SOLD

# REMAINING

AVG ABSORPTION

43D | $3,075,000 (2BR) $2456/sf

28C | $2,332,000 (2BR) $1748/sf

9C | $1,495,000 (2BR) $1163/sf 7D | $795,000 (1BR) $1301/sf 5E | $845,000 (1BR) $1195/sf

Only showing listings m

SOLD

marketed on SFARMLS

ACTIVE

CONTINGENT

43E | $2,810,000 (2BR) $1442/sf 42A | $3,195,000 (2BR) $1721/sf 41D | $4,500,000 (2BR) $2309/sf

36F | $1,505,000 (1BR) $1813/sf

28G | $1,145,000 (1BR) $1511/sf

20B | $1,700,000 (2BR) $1297/sf 18D | $1,760,000 (2BR) $1342/sf

14G | $1,195,000 (1BR) $1459/sf

10D | $865,000 (1BR) $1425/sf 9H | $930,000 (1BR) $1225/sf 8A | $995,000 (1BR) $1185/sf 7F | $1,350,000 (2BR) $068/sf

PENDING

37

72 TOWNSEND |

72 TOWNSEND

56+

12

2

# SOLD

# REMAINING

AVG ABSORPTION

709 | $1,539,000 (2BR) $----/sf

708 | $1,195,000 (1BR) $1189/sf 610 | $1,453,000 (2BR) $1192/sf

403 | $940,000 (1BR) $1197/sf

Only showing listings m

SOLD

marketed on SFARMLS

ACTIVE

CONTINGENT

PENDING

903 | $3,147,585 (3BR) $----/sf

711 | $1,495,000 (2BR) $1352/sf

712 | $1,100,000 (1BR) $1222/sf

612 | $1,099,000 (1BR) $----/sf

608 | $1,095,000 (1BR) $1090/sf

502 | $1,695,000 (2BR) $1310/sf

39

181 FREMONT | 181 FREMONT 21+

46

1.6

# SOLD

# REMAINING

AVG ABSORPTION

Only showing listings m

SOLD

marketed on SFARMLS

ACTIVE

CONTINGENT

PENDING

69B | $14,000,000 (2BR) $4376/sf

63A | $5,630,000 (3BR) $2992/sf

58C | $3,715,000 (2BR) $2315/sf

41

RECENT & UPCOMING OPENINGS HOTEL VIA

138 KING STREET San Francisco’s newest hotel, the 159-room, ballpark-adjacent boutique Hotel VIA has officially opened complete with contemporary design and a monochromatic color palette.

PETIT MARLOWE

234 TOWNSEND STREET Little sister to nearby favorite, Marlowe, Petit Marlowe is an oysterette featuring a full raw bar, a menu of wine-friendly dishes, and an emphasis on French wines. The vintage, French-bistro inspired space is designed by the Big Night Restaurant Group’s go-to designer, Ken Fulk.

DUMPLING TIME

11 DIVISION STREET Looking to avoid Yank Sing? Head to the just opened Dumpling Time in the Design District for an extensive list of dumpling goodness. Pair your dumplings with one of their 10 beers on tap or some sake.

All Data From

43

BIRDSONG

1085 MISSION STREET Taking over the shuttered, former AQ space comes Birdsong

by Chef Chris Bleidorn. The menu will focus on the “heritage cuisine� of the Pacific Northwest, with many ingredients originating in the forests and waters along the coast from Oregon to Alaska. Both a tasting menu and a la carte options will be offered.

COLETTA GELATO

685 HARRISON STREET Charming ice cream shop serving up seasonal sorbets & gelatos using traditional Italian techniques with a dash of California flavor.

m SFARMLS

333 1st Street Suite C San Francisco, CA 94105

PRSRT STD U.S. POSTAGE PAID CUPERTINO, CA PERMIT #110

PAUL HWANG

RANKED #1 IN SOUTH BEACH 415.216.8746 | PAUL@SKYBOXREALTY.COM

流利國語