South Beach & Yerba Buena 2017 Q3 Report

SOUTH BEACH & YERBA BUENA 2017 Q3 REPORT PAUL HWANG | RANKED #1 IN SOUTH BEACH 415.216.8746 | PAUL@SKYBOXREALTY.COM

DEAR NEIGHBORS, 2017 Q3

Woodlands Market has opened to great enthusiasm and I must say I am a frequent patron of their Salad Bar & prepared foods section - delicious and nutricious! The neighborhood is shaping up with other welcome additions including Joe & the Juice and a Fistful of Tacos (finally, a neighborhood taqueria!). Facebook just leased the entire 181 Fremont building and several new high rises continue to reach to the sky. The future is very promising for South Beach & Yerba Buena (‘the East Cut” ...ahem) in the long run. The short term however is experiencing some growing pains with the sudden influx of residential and commercial inventory. Sales and leasing prices are decidely down from previous years. More affordable 2 bedroom, 2 bath homes are teetering downward near the $1 million mark.

As your expert small neighborhood business, we look forward to providing you with quick personalized service. We appreciate your support and real estate referrals which make this publication possible. We would like to expand this report to include some non-quantitative information about the “hood.” Feel free to drop us a note of things you would like to see appear here in the future.

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 - 25

ONE HAWTHORNE

26 - 29

WATERMARK

30 - 33

SOLD UNITS

34 - 35

LUMINA

36 - 37

THE HARRISON

38 - 39

72 TOWNSEND

40 - 41

181 FREMONT

42 - 43

OPENINGS

44 - 47

SOUTH BEACH FAST FACTS

49

$1,280,238

$1,191

49

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

27% YOY

4.8% YOY

3.4% YOY

13% YOY

SOUTH BEACH

PRICE PER SQUARE FOOT DISTRIBUTION

$345/SF

$635/SF

$925/SF

$1215/SF

$1505/SF

$1795/SF

$2085/SF

STANDARD DEVIATION = $289.52

All Data From

YERBA BUENA FAST FACTS

21

$1,298,524

$1,225

54

# SOLD

AVG SALE PRICE

AVG $/SF

AVG DOM

8.7% YOY

42% YOY

2.4% YOY

1.9% YOY

YERBA BUENA

PRICE PER SQUARE FOOT DISTRIBUTION

$355/SF

$645/SF

$935/SF

STANDARD DEVIATION = $290.14

m SFARMLS

$1225/SF

$1515/SF

$1805/SF

$2095/SF

THE INFINITY |

301 / 333 MAIN | 318 / 338 SPEAR

D35E | $2,399,000 (2BR) $1790/sf

D14G | $965,000 (1BR) $1199/sf

A6K | $920,000 (1BR) $1106/sf D4J | $980,000 (1BR) $956/sf A3A | $1,379,000 (2BR) $1082/sf

A3G | $865,000 (1BR) $1066/sf A3H | $898,000 1BR) $1073/sf

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

PENDING

B37B | $9,500,000 (3BR) $3134/sf

B27D | $1,950,000 (2BR) $1481/sf B26F | $1,899,000 (2BR) $1453/sf

B23D | $1,795,000 (2BR) $1363/sf

B19G | $995,000 (1BR) $1313/sf B18E | $1,560,000 (2BR) $1322/sf

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

C9F | $949,000 (1BR) $1141/sf C7A | $1,329,000 (2BR) $1287/sf C5K | $875,000 (1BR) $1055/sf C4K | $949,000 (1BR) $1141/sf

11

THE INFINITY |

301 / 333 MAIN | 318 / 338 SPEAR

9

$1,206,556

$1,188

# SOLD

AVG SALE PRICE

AVG $/SF

23% YOY

30% YOY

6.8% YOY

125% QOQ

6.4% QOQ

6.5% QOQ

THE INFINITY

AVG PRICE PER SQUARE FOOT $1400 $1200 $1000 2016 Q4

2017 Q1

2017 Q2

2017 Q3

THE INFINITY ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

$754/SF

$897/SF

$1040/SF

$118

STANDARD DEVIATION = $143.38

All Data From

13

60

$965,000

97.49

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

7.1% YOY

40% YOY

1.1% YOY

1.7% QOQ

24% QOQ

1.1% QOQ

THE INFINITY

2017 BUYER DEMOGRAPHIC

83/SF

m SFARMLS

2017 Q1

CASH

$1326/SF

2017 Q2

LOAN

$1469/SF

2017 Q3

UNKNOWN

$1612/SF

THE METROPOLITAN | 333 / 355 1ST STREET

N1907 | $1,265,000 (2BR) $1332/sf N1803 | $855,000 (1BR) $1199/sf N1704 | $1,299,000 (2BR) $1321/sf

N602 | $387,491 (1BR) bmr

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

PENDING

S2305 | $1,688,888 (2BR) $1189/sf

S1101 | $799,999 (1BR) $1164/sf S803 | $795,000 (1BR) $----/sf S604 | $1,260,000 (2BR) $1124/sf

15

THE METROPOLITAN |

333 / 355 1ST STREET

3

$1,106,667

$1,228

# SOLD

AVG SALE PRICE

AVG $/SF

----% YOY

6.1% YOY

.17% YOY

40% QOQ

28% QOQ

.49% QOQ

THE METROPOLITAN

AVG PRICE PER SQUARE FOOT $1250 $1150 $1050 2016 Q4

2017 Q1

2017 Q2

2017 Q3

THE METROPOLITAN ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

BELL CURVE GRAPH $851/SF

$969/SF

$1087/SF

$120

STANDARD DEVIATION = $117.54

All Data From

17

27

$1,260,000

101.65

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

53% YOY

15% YOY

2.7% YOY

42% QOQ

53% QOQ

.8% QOQ

THE METROPOLITAN

2017 BUYER DEMOGRAPHIC

2017 Q1

CASH

2017 Q2

LOAN

2017 Q3

UNKNOWN

WILL GO HERE>

05/SF

m SFARMLS

$1323/SF

$1441/SF

$1559/SF

ONE RINCON HILL | 425 1ST | 489 HARRISON

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

5404 | $1,805,000 (2BR) $1431/sf 5204 | $3,899,000 (3BR) $2003/sf 5101 | $1,905,000 (2BR) $----/sf 4905 | $1,049,000 (1BR) $1389/sf 4704 | $850,000 (1BR) $1405/sf

3905 | $988,000 (1BR) $1392/sf

2902 | $2,775,000 (3BR) $1408/sf

2007 | $1,155,000 (1BR) $1410/sf

1603 | $1,549,000 (2BR) $1212/sf 1305 | $875,000 (1BR) $1232/sf 1107 | $1,125,000 (1BR) $1374/sf

PENDING

19

ONE RINCON HILL | 425 1ST | 489 HARRISON 4

$1,527,250

$1,322

# SOLD

AVG SALE PRICE

AVG $/SF

33% YOY

6.1% YOY

14% YOY

33% QOQ

25% QOQ

10% QOQ

ONE RINCON HILL

AVG PRICE PER SQUARE FOOT $1500 $1400 $1300 2016 Q4

2017 Q1

2017 Q2

2017 Q3

ONE RINCON HILL ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

$617/SF

$881/SF

$1145/SF

$140

STANDARD DEVIATION = $264.27

All Data From

21

69

$1,677,000

97.57

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

33% YOY

13% YOY

1.3% YOY

36% QOQ

34% QOQ

2.9% QOQ

ONE RINCON HILL

2017 BUYER DEMOGRAPHIC

09/SF

m SFARMLS

2017 Q1

CASH

$1673/SF

2017 Q2

LOAN

$1937/SF

2017 Q3

UNKNOWN

$2201/SF

MILLENNIUM TOWER |

301 MISSION

906 | $1,500,000 (1BR) $919/sf

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

304 | $1,959,000 (2BR) $1529/sf

All Data From

SOLD

ACTIVE

50C | $4,150,000 (2BR) $1472/sf

37E | $2,000,000 (2BR) $1167/sf

33E | $2,399,000 (2BR) $1400/sf

24D | $875,000 (1BR) $1109/sf

11D | $700,000 (1BR) $1032/sf

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

m SFARMLS

CONTINGENT

PENDING

23

MILLENNIUM TOWER | 301 MISSION 3

$2,341,667

$1,249

# SOLD

AVG SALE PRICE

AVG $/SF

50% YOY

22% YOY

18% YOY

200% QOQ

59% QOQ

41% QOQ

MILLENNIUM TOWER

AVG PRICE PER SQUARE FOOT $2500 $2000 $1500 2016 Q4

2017 Q1

2017 Q2

2017 Q3

MILLENNIUM TOWER ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

$0/SF

$402/SF

$1048/SF

$169

STANDARD DEVIATION = $645.64

All Data From

25

93

$2,000,000

100.00

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

43% YOY

4.3% YOY

.39% YOY

59% QOQ

65% QOQ

36% QOQ

MILLENNIUM TOWER

2017 BUYER DEMOGRAPHIC

94/SF

m SFARMLS

2017 Q1

CASH

$2340/SF

2017 Q2

LOAN

$2986/SF

2017 Q3

UNKNOWN

$3632/SF

ONE HAWTHORNE |

1 HAWTHORNE LANE

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

PENDING

25A | $2,345,000 (2BR) $1442/sf

16D | $985,000 (1BR) $----/sf 14F | $1,875,000 (2BR) $1358/sf

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

6C | $899,000 (1BR) $1056/sf 4H | $1,575,000 (2BR) $1141/sf

27

ONE HAWTHORNE |

1 HAWTHORNE LANE

0

----

----

# SOLD

AVG SALE PRICE

AVG $/SF

----% YOY

----% YOY

----% YOY

100% QOQ

100% QOQ

100% QOQ

ONE HAWTHORNE

AVG PRICE PER SQUARE FOOT $1500 $1300 $1100 2016 Q4

2017 Q1

2017 Q2

2017 Q3

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

29

----

----

----

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

----% YOY

----% YOY

----% YOY

100% QOQ

100% QOQ

100% QOQ

ONE HAWTHORNE

2017 BUYER DEMOGRAPHIC

01/SF

m SFARMLS

2017 Q1

CASH

$1531/SF

2017 Q2

LOAN

$1761/SF

2017 Q3

UNKNOWN

$1991/SF

WATERMARK |

501 BEALE

All Data From

m SFARMLS

SOLD

ACTIVE

CONTINGENT

20F | $1,537,000 (2BR) $1363/sf 18A | $3,200,000 (3BR) $2178/sf

12D | $1,995,000 (2BR) $1585/sf 11C | $949,000 (1BR) $1185/sf

PENDING

31

WATERMARK |

501 BEALE

2

$2,368,500

$1,770

# SOLD

AVG SALE PRICE

AVG $/SF

100% YOY

100% YOY

100% YOY

----% QOQ

60% QOQ

45% QOQ

WATERMARK

AVG PRICE PER SQUARE FOOT $1700 $1400 $1100 2016 Q4

2017 Q1

2017 Q2

2017 Q3

WATERMARK ONE YEAR SALES ACTIVITY

PRICE PER SQUARE FOOT DISTRIBUTION

BELL CURVE GRAPH

$204/SF

$610/SF

$1016/SF

$142

STANDARD DEVIATION = $405.61

All Data From

33

25

$2,368,500

101.87

AVG DOM

MEDIAN PRICE

AVG % SALE/LIST

100% YOY

100% YOY

100% YOY

17% QOQ

60% QOQ

2.1% QOQ

WATERMARK

2017 BUYER DEMOGRAPHIC

2017 Q1

CASH

2017 Q2

LOAN

2017 Q3

UNKNOWN

WILL GO HERE>

22/SF

m SFARMLS

$1828/SF

$2234/SF

$2640/SF

SOLD UNITS Q3 2017 Address

BR

BA

Status

Status Date

301 Mission 24D

1

1

Sold

9.14.17

301 Mission 37E

2

2

Sold

8.31.17

301 Mission 50C

2

2.5

Sold

9.8.17

355 1st 803

1

1

Sold

8.30.17

425 1st 4704

1

1

Sold

8.21.17

318 Spear 3G

1

1

Sold

7.25.17

333 Main 5K

1

1

Sold

7.28.17

318 Spear 6K

1

1

Sold

8.16.17

333 Main 9F

1

1

Sold

9.1.17

338 Spear 14G

1

1

Sold

8.17.17

338 Spear 4J

1

1

Sold

7.3.17

355 1st 604

2

2

Sold

8.25.17

333 1st 1907

2

2

Sold

7.14.17

501 Beale 20F

2

2

Sold

7.13.17

425 1st 1603

2

2

Sold

8.21.17

301 Main 18E

2

2

Sold

7.6.17

301 Main 23D

2

2

Sold

8.8.17

425 1st 5404

2

2

Sold

7.7.17

425 1st 5101

2

2

Sold

8.9.17

301 Main 27D

2

2

Sold

7.17.17

501 Beale 18A

3

2.5

Sold

7.28.17

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

All Data From

35 DOM

SF

List Price

Sold Price

$/SF

217

789

$999,000

$875,000

$1401

26

1714

$2,000,000

$2,000,000

$1167

37

2819

$4,100,000

$4,150,000

$1472

54

----

$768,000

$795,000

----

85

----

$899,000

$850,000

----

68

812

$925,000

$865,000

$1065

57

829

$949,000

$875,000

$1055

47

832

$925,000

$920,000

$1106

85

832

$998,000

$949,000

$1141

11

805

$949,000

$965,000

$1199

21

1021

$1,050,000

$980,000

$960

8

1121

$1,199,000

$1,260,000

$1124

19

950

$1,299,000

$1,265,000

$1332

25

----

$1,450,000

$1,537,000

----

1

1278

$1,549,000

$1,549,000

$1212

97

1180

$1,680,000

$1,560,000

$1322

78

1317

$1,899,500

$1,795,000

$1363

72

1261

$1,899,000

$1,805,000

$1431

117

----

$2,045,000

$1,905,000

----

73

1317

$1,999,000

$1,950,000

$1481

0

1469

$3,200,000

$3,200,000

$2178

m SFARMLS

LUMINA |

318 / 338 MAIN | 333 BEALE | 201 FOLSOM

581+

85

18

# SOLD

# REMAINING

AVG ABSORPTION

D36A | $7,875,000 (3BR) ** D35A | $2,900,000 (2BR) ** D32E | $3,695,000 (3BR)

** D20H | $1,195,000 (1BR)

** D9C | $1,600,000 (2BR)

** C3C | $1,300,000 (1BR)

Only showing listings marketed on SFA

SOLD

ACTIVE

FARMLS. Listings with ** indicates resales.

CONTINGENT

PENDING

37

B36C | $2,470,000 (2BR)

B32D | $1,695,000 (1BR) B32B | $5,495,000 (3BR)

B32C | $2,400,000 (2BR)

B30E | 3,245,000 (3BR)

B30A | $2,455,925 (2BR)

B26C | $2,210,000 (2BR) B23A | $1,995,000 (2BR) B22H | $1,245,000 (1BR)

B17E | $1,775,000 (2BR)

A8E | $1,495,000 (1BR) A7E | $1,369,000 (1BR)

A4A | $810,000 (0BR) B3F | $1,515,000 (2BR) A2B | $1,185,000 (1BR)

B19D | $1,260,000 (1BR) B18B | $1,700,000 (2BR) B17H | $1,160,000 (1BR)

B9E | $1,565,000 (2BR) ** **

** A2A | $1,588,000 (2BR)

**

THE HARRISON |

401 HARRISON

103+

195

6

# SOLD

# REMAINING

AVG ABSORPTION

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

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

18E | $1,890,000 (2BR) $1523/sf

13E | $957,000 (1BR) $1354/sf

7B | $845,000 (1BR) $1137/sf 6D | $785,000 (1BR) $1293/sf

Only showing listings m

SOLD

marketed on SFARMLS

ACTIVE

CONTINGENT

42A | $3,195,000 (2BR) $1721/sf 41D | $4,500,000 (2BR) $2309/sf 38B | $2,150,000 (2BR) $1639/sf 36F | $1,475,000 (1BR) $1777/sf

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

20B | $1,700,000 (2BR) $1297/sf 18D | $1,695,000 (2BR) $1293/sf 17G | $995,000 (1BR) $1311/sf

13C | $1,644,000 (2BR) $1278/sf 11H | $967,000 (1BR) $1274/sf 10D | $865,000 (1BR) $1425/sf 8A | $995,000 (1BR) $1185/sf 7F | $1,350,000 (2BR) $068/sf 6A | $1,125,000 (1BR) $1009/sf

PENDING

39

72 TOWNSEND |

72 TOWNSEND

59+

8

2

# SOLD

# REMAINING

AVG ABSORPTION

809 | $950,000 (1BR) $1056/sf 709 | $1,395,000 (2BR) $----/sf

705 | $875,000 (1BR) $----/sf 704 | $1,549,000 (2BR) $----/sf

310 | $2,899,000 (4BR) $1247/sf

Only showing listings m

SOLD

marketed on SFARMLS

ACTIVE

CONTINGENT

PENDING

802 | $1,750,000 (2BR) $1358/sf 711 | $1,375,000 (2BR) $1243/sf

712 | $1,050,000 (1BR) $1167/sf

41

181 FREMONT | 181 FREMONT 22+

45

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

59C | $3,760,000 (2BR) $2347/sf

43

WOODLANDS MARKET NOW OPEN AT LUMINA

RECENT & UPCOMING OPENINGS EIGHT TABLES 644 BROADWAY

Serving just eight tables per night, chef George Chen is bringing Chinese fine dining to San Francisco. Tasting menus follow the “private chateau cuisine� style found in residential areas in Chinese cities using local California produce.

FOXSISTER

3161 24TH STREET A new Korean bar and restaurant bringing food inspired by Korean drinking snacks to the Mission. The menu that includes dishes like beef brisket bulgogi and fried chicken is meant for sharing, so bring friends.

ESAN CLASSIC

739 - 743 LARKIN STREET From the same chef as the beloved Lers Ros Thai chain comes Esan Classic, serving the mainstays of Northeastern Thailand all the way up until 2am.

All Data From

47

INTERNATIONAL SMOKE 301 MISSION STREET

Cheer for the other Chef Curry (Ayesha) as she partners with restaurateur Michael Mina in opening International Smoke, a full-scale version of the Mina Test Kitchen pop-up. The restaurant will open in the soon-to-be-shuttered RN74 and will offer dishes like smoked ribs, shrimp chili, and American Wagyu.

ALTA CA

1275 MINNESOTA STREET Celebrating everything that is great about California, including exquisite ingredients, a vibrant culture, and friendly people, Alta CA brings feel-good California dishes to the Dogpatch.

The space also featurues an art gallery and is best enjoyed for lunch.

A FISTFUL OF TACOS

201 HARRISON STREET, C2 For a quick Mexican fix without heading to the Mission, visit a Fistful of Tacos. The menu includes tacos, burritos, burrito bowls, and quesadillas, all available for take-out/to-go only.

m SFARMLS

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

流利國語