2018 Q3 / One Rincon Hill & The Harrison Condo Report

2018 Q 3 /

ONE RINCON HILL THE HARRISON

PABLO CELA | SOUTH BEACH CONDO EXPERT

SOU TH BEA C H Q 3 M A R K E T S N APS H OT

Quarter over quarter condo sales have remained steady and strong while average price per square foot increased 2.6% in the third quarter. Homes in new buildings outperformed the market.

Rents also remained strong despite an influx of supply- perhaps due to the commercial occupancy of 181 Fremont, Park Tower, etc.

The Avery has started selling and Mira is just about to begin sales. The Harrison is about 65% sold with remaining inventory from $1,081,000 - $8,800,000. Notably, another entire half-floor penthouse sold in the second quarter with only two half floor Penthouse homes remaining. On the resale front, there is steady demand for one and two bedroom homes on the first 2/3 of the building.

Skybox Realty had a record breaking 3rd quarter with 28 transaction sides ($41+ Million) sold. We anticipate a slight seasonal slowing heading into the Fall / Winter. Approx 30% of our sales have been off market, and this trend continues. Please contact me for new and upcoming inventory at The Harrison and your personalized analysis of One Rincon Hill / The Harrison Condo Market.

Best Regards, Pablo Cela Top Producer, Skybox Realty

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.

All Data From SFARMLS

76

# OF T R A N S A C T IONS Up 5 2 % Y O Y / N o C h a n g e QOQ

42

A VG D A Y S O N T H E M A R KE T Do w n 14 % Y O Y / N o C h a n ge QOQ

$1,236

A VG P R I C E P ER SQUA R E F OOT Up 2 . 5 % Y O Y / U p 2 . 6 % QOQ

$1,348,981

A VG S A L ES PR I C E Up 4 . 6 % Y O Y / U p 2 . 8 % QOQ

AVG $ / S F

O N E B E D R OOM

T WO BE DR OOM

$1400

$1300

$1200

$1100

2017 Q4

2018 Q1

2018 Q2

2018 Q3

3

ON E R IN CON H I L L /

425 1ST, 489 HARRISON

3

# OF T R A N S A C T I ONS Do w n 25 % Y O Y / D ow n 40% QOQ

72

A VG D A Y S O N T HE M A R KE T Up 4 . 3 % Y O Y / D ow n 6 4 % QOQ

$1,263

A VG P R I C E PER S QUA R E F OOT Do w n 4. 5 % Y O Y / D o w n 1 3 % QOQ

$1,295,000

A VG S A L ES P R I C E Do w n 15 % Y O Y / D ow n 1 8 % QOQ

UNI T

BR

BA

L I S T P RI C E

S OL D PRIC E

D OM

$/S F

#805

1

1

$830,000

$860,000

61

$1,211

#4905

1

1

$1,015,000

$995,000

125

$1,401

#306

2

2.5

$2,050,000

$2,030,000

29

$1,177

All Data From SFARMLS

6001 | $4,200,000 (2BR) $2563/sf

5302 | $2,890,000 (2BR) $1466/sf 4908 | $1,315,000 (1BR) $1742/sf

4905 | $995,000 (1BR) $1401/sf

4503 | $2,199,000 (2BR) $1776/sf

4506 | $1,750,000 (2BR) $1414/sf

3906 | $1,875,000 (2BR) $1515/sf

2504 | $860,000 (1BR) $1421/sf 2407 | $1,190,000 (1BR) $1453/sf

1508 | $1,125,000 (1BR) $1490/sf

1106 | $1,499,000 (2BR) $1211/sf

805 | $860,000 (1BR) $1211/sf 306 | $2,030,000 (2BR) $1177/sf

SOL D

ACTI V E

I N CO N TRA C T

5

THE H A R RIS O N /

401 HARRISON

194+

# SOL D N E W CO N S TR U C TI O N

104

# REMAINING N E W CO N S TR U C TI O N

$1,468

Q3 A V G PR I C E PE R SQUA R E F OOT N E W CO N S TR U C TI O N

6.6 Units

A VG M O N T H L Y A B SOR P TI ON N E W CO N S TR U C TI O N

UNI T

BR

BA

L I S T P RI C E

S OL D PRIC E

D OM

$/S F

4A

1

1

$925,000

$1,005,000

41

$914

12A

1

1

$1,030,000

$1,030,000

9

$1,226

16A

1

1

$1,075,000

$1,075,000

54

$1,280

24A

1

1

$1,108,000

$1,101,000

71

$1,311

19F

1

1

$1,298,000

$1,230,000

71

$1,482

16C

2

2

$1,725,000

$1,690,000

165

$1,314

22B

2

2

$1,761,000

$1,761,000

231

$1,343

42B

3

3

$4,200,000

$4,100,000

43

$2,071

45B

3

3.5

$8,200,000

$7,300,000

295

$2,271

All Data From SFARMLS

48B | $8,800,000 (3BR) $2738/sf 45A | $3,150,000 (2BR) $1911/sf

45B | $7,300,000 (3BR) $2271/sf 42B | $7,300,000 (3BR) $2271/sf 41C | $4,550,000 (3BR) $2345/sf 38B | $2,100,000 (2BR) $1602/sf 36D | $2,618,000 (2BR) $2019/sf

30C | $2,255,000 (2BR) $1690/sf 28A | $1,136,000 (1BR) $1352/sf 26B | $1,833,000 (2BR) $1398/sf 24G | $1,081,000 (1BR) $1424/sf

24A | $1,101,000 (1BR) $1311/sf 22B | $1,761,000 (2BR) $1343/sf

19C | $1,815,000 (2BR) $1361/sf 16C | $1,690,000 (2BR) $1314/sf

20E | $2,077,000 (2BR) $1674/sf 19F | $1,230,000 (1BR) $1482/sf 18C | $1,798,000 (2BR) $1348/sf 17B | $1,675,000 (2BR) $1278/sf 16A | $1,075,000 (1BR) $1280/sf

12A | $1,030,000 (1BR) $1226/sf 11G | $1,149,000 (1BR) $1403/sf

4A | $1,005,000 (1BR) $914/sf

SOL D

ACTI V E

4D | $829,000 (1BR) $1368/sf

I N CO N TRA C T

7

P AB LO CE LA / SOUTH BEACH CONDO EXPERT 415.886.5121| DRE 01805459 PABLO@SKYBOXREALTY.COM