2019 Annual Condo Report / Mission Bay

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

2019 Annual Report Mission Bay Paul Hwang | Ranked #1 in South Beach © Skybox Realty Inc, 2020

1

Oracle Park E N TH CO A BE

Ch in a Ba sin Pa rk

Caltrain BE

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5 23 RRY BE

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MISSION BAY SO UT H ST O W EN S ST

UCSF Mission Bay

The Chase Center

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M ar ip os a Pa rk M AR IP O SA ST

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UCSF Medical Center

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Hello 2020, Mission Bay condo sales slowed across all buildings in 2019. Days on the market decreased, average sales of $1,370,341 remained strong and steady, and the $1,204 / sf average was in line with neighboring South Beach’s $1,255 / sf. The beautiful Arden stood out from the pack at an average of $1,386 / sf, albeit a mere 9 homes traded hands. Only a few One Mission Bay Developer units remain and One Mission Bay has begun resales. New developments in adjacent Dogpatch are selling well and include 2177 3rd Street and 950 Tennessee Street.

Chase Center opened with great fanfare, the new Marriott Hotel is near completion and Mission Rock plans are being finalized. Gus’s Market is a great new addition on 4th Street, and our playground and dog park are always joyfully in use. It seems like there are substantially more people walking around these days with all the new office buildings filling in. Mission Bay is becoming more dense and fulfilling our vision of becoming a vibrant pedestrian neighborhood.

Low interest rates and a dynamic job market should deliver another good year in 2020 for condo sales. I hope that you find these reports useful. Please contact me for a personalized analysis of any of your real estate needs.

Best Regards, Paul Hwang | Skybox Realty | 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.

3

Skybox Realty 2019 Annual Report

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Mission Bay 2019 Snapshot # of Transactions

96

26% YOY Average Sales Price

$1,370,341 1.7% YOY

Average Price per Square Foot

$1,204 4.7% YOY

Average Days on the Market

32

14% YOY

© Skybox Realty Inc, 2020

5

Skybox Realty 2019 Annual Report

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Table of Contents 235 Berry

8 - 11

255 Berry

12 - 15

Arterra

16 - 19

Park Terrace

20 - 23

The Beacon

24 - 27

Madrone

28 - 31

Radiance

32 - 35

Arden

36 - 39

2019 Q4 Solds

40 - 43

One Mission Bay

44 - 45

Who You Work With Matters

46 - 47

© Skybox Realty Inc, 2020

7

235 Berry # of Transactions

7

17% YOY

Average Sales Price

$1,534,286 10% YOY

* Median Price $1,600,000

706 | $1,850,000 (2BR) $1164/sf

404 | $1,360,000 (2BR) $1271sf 411 | $1,405,000 (2BR) $1471sf 113 | $1,600,000 (2BR) $1275/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

Average Days on Market

Average $/SF

28

$1,225 10% YOY

7.7% YOY

501 | $1,325,000 (2BR) $1238/sf 408 | $1,600,000 (2BR) $1127/sf

112 | $1,600,000 (2BR) $1275/sf

© Skybox Realty Inc, 2020

9

235 Berry

Price Per SF Q4

$1,145/SF

Q3

$1,273/SF

Q1

$1,275/SF

Q1

$1,355/SF $1100

A VG $/ S F

$1200

MED I A N $/S F

$1 300

$1400

Buyer Demographic

CA S H B UYER LO A N B UYER UN K N O WN

2018

2019 All Data From SFARMLS

235 Berry

2019 $/SF Distribution

$ 8 9 5 / SF

S T A N D A R D D EV I A TI O N = $110.01

$1225/SF

$1555/S F

Listings Days on Market

D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS

2018 © Skybox Realty Inc, 2020

2019

11

255 Berry # of Transactions

5

17% YOY

Average Sales Price

$2,179,000 67% YOY

* Median Price $1,900,000

708 | $3,200,000 (2BR) $1314/sf 608 | $2,800,000 (3BR) $1118/sf

All Data From SFARMLS

SO L D

Average $/SF

$1,146 4% YOY

ACTI V E

IN CONTRACT

Average Days on Market

28 12% YOY

606 | $1,520,000 (2BR) $1199/sf

301 | $1,475,000 (2BR) $1123/sf 108 | $1,900,000 (3BR) $974/sf

© Skybox Realty Inc, 2020

13

255 Berry

Price Per SF Q4

$1,118/SF

Q3

$1,199/SF

Q2

$1,219/SF

A VG $/ S F

MED I A N $/S F

Q1 $950

$1050

$1 150

$1250

Buyer Demographic

CA S H B UYER LO A N B UYER UN K N O WN

2018

2019 All Data From SFARMLS

255 Berry

2019 $/SF Distribution

$ 7 7 3 / SF

S T A N D A R D D EV I A TI O N = $124.33

$1146/SF

$1519/S F

Listings Days on Market

D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS

2018 © Skybox Realty Inc, 2020

2019

15

Arterra # of Transactions

6

65% YOY

Average Sales Price

$1,228,667 7.5% YOY

* Median Price $1,291,000

1201 | $1,400,000 (2BR) $1200/sf 1109 | $905,000 (1BR) $1516/sf 904 | $1,025,000 (1BR) $1204/sf 811 | $1,182,000 (1BR) $1312/sf

516 | $848,000 (1BR) $1273/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

Average Days on Market

Average $/SF

41

$1,295 10% YOY

17% YOY

508 | $1,400,000 (2BR) $1362/sf 445 | $1,460,000 (2BR) $1176/sf

© Skybox Realty Inc, 2020

17

Arterra

Price Per SF Q4

$1,223/SF

Q3

$1,362/SF

A VG $/ S F

MED I A N $/S F

Q2 Q1

$1,516/SF $950

$1150

$1 350

$1550

Buyer Demographic

CA S H B UYER LO A N B UYER UN K N O WN

2018

2019 All Data From SFARMLS

300 Berry

2019 $/SF Distribution

$ 9 0 4 / SF

S T A N D A R D D EV I A TI O N = $130.30

$1295/SF

$1686/S F

Listings Days on Market

D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS

2018 © Skybox Realty Inc, 2020

2019

19

Park Terrace # of Transactions

2

60% YOY

Average Sales Price

$1,287,500 7.7% YOY

* Median Price $1,287,500

620 | $1,675,000 (2BR) $1340/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

Average Days on Market

Average $/SF

10

$1,333 17% YOY

60% YOY

606 | $900,000 (1BR) $1325/sf

© Skybox Realty Inc, 2020

21

Park Terrace

Price Per SF

A VG $/ S F

MED I A N $/S F

Q4 Q3

$1,340/SF

Q2

$1,325/SF

Q1 $1050

$1150

$1 250

$1350

Buyer Demographic

CA S H B UYER LO A N B UYER UN K N O WN

2018

2019 All Data From SFARMLS

325 Berry

2019 $/SF Distribution

$1302/ SF

S TA N D A R D D EV I A TI O N = $10.27

$1333/SF

$1364/S F

Listings Days on Market

D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS

2018 © Skybox Realty Inc, 2020

2019

23

The Beacon # of Transactions

36

12% YOY

Average Sales Price

$1,069,587 .08% YOY * Median Price $973,750

1017 | $770,000 (1BR) $1148/sf

425 | $1,135,000 (2BR) $1159/sf

729 | $645,000 (0BR) $1075/sf 681 | $765,000 (1BR) $1150/sf 529 | $672,600 (0BR) $1121/sf 461 | $768,000 (1BR) $1243/sf

1308 | $928,000 (1BR) $1179/sf

1314 | $940,000 (1BR) $977/sf

1012 | $923,000 (1BR) $1039/sf

1016 | $1,690,000 (2BR) $1190/sf

858 | $1,320,000 (2BR) $1086/sf 720 | $1,295,000 (2BR) $1092/sf 626 | $1,450,000 (2BR) $1006/sf 558 | $1,228,000 (2BR) $1010/sf 412 | $1,010,000 (1BR) $1137/sf

850 | $750,000 (1BR) $941/sf 706 | $910.000 (1BR) $955/sf 672 | $1,260,000 (2BR) $1101/sf 506 | $920,000 (1BR) $937/sf 426 | $1,400,000 (2BR) $971/sf

All Data From SFARMLS

SO L D

Average $/SF

$1,081

ACTI V E

IN CONTRACT

Average Days on Market

28

1.4% YOY

26% YOY

1613 | $960,000 (1BR) $1179/sf 1517 | $749,000 (1BR) $1116/sf

1603 | $1,720,000 (2BR) $1337/sf 1515 | $930,000 (1BR) $1030/sf

1315 | $920,000 (1BR) $1019/sf 1215 | $960,000 (1BR) $1063/sf

1209 | $899,800 (1BR) $1093/sf

1003 | $1,450,000 (2BR) $1128/sf 1011 | $980,000 (1BR) $1129/sf 819 | $1,220,000 (2BR) $1120/sf 717 | $769,000 (1BR) $1013/sf 659 | $1,499,500 (3BR) $1162/sf 533 | $846,000 (1BR) $1162/sf 407 | $1,051,000 (1BR) $1173/sf

877 | $1,250,000 (2BR) $1279/sf 713 | $182,818 (1BR) bmr 651 | $1,170,000 (2BR) $1090/sf 505 | $1,360,000 (2BR) $914/sf 445 | $865,000 (1BR) $1169/sf

756 | $870,000 (1BR) $1009/sf 626 | $1,450,000 (2BR) $1006/sf

670 | $1,420,000 (3BR) $935/sf

482 | $967,500 (1BR) $1097/sf

406 | $1,063,000 (1BR) $1082/sf

© Skybox Realty Inc, 2020

25

The Beacon

Price Per SF Q4

$1,066/SF

Q3

$1,110/SF

Q2

$1,080/SF

Q1

$1,081/SF $850

A VG $/ S F

$950

MED I A N $/S F

$1 050

$1150

Buyer Demographic

CA S H B UYER LO A N B UYER UN K N O WN

2018

2019 All Data From SFARMLS

250 / 260 King

2019 $/SF Distribution

$ 8 2 6 / SF

S TA N D A R D D EV I A TI O N = $84.88

$1081/SF

$1336/S F

Listings Days on Market

D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS

2018 © Skybox Realty Inc, 2020

2019

27

Madrone # of Transactions

14

Average Sales Price

$1,487,563

26% YOY

10% YOY

* Median Price $1,492,500

711 | $1,635,000 (2BR) $1306/sf 616 | $1,150,000 (1BR) $1239/sf 545 | $1,689,888 (2BR) $1144/sf 326 | $1,463,000 (2BR) $1090/sf 220 | $1,150,000 (1BR) $1238/sf 103 | $1,800,000 (2BR) $1097/sf

All Data From SFARMLS

SO L D

Average $/SF

$1,203 1.8% YOY

ACTI V E

IN CONTRACT

Average Days on Market

47

57% YOY

1007 | $1,800,000 (2BR) $1142/sf 811 | $1,695,000 (2BR) $1354/sf 717 | $1,295,000 (1BR) $1099/sf 611 | $1,675,000 (2BR) $1411/sf 513 | $1,440,988 (2BR) $1192/sf 320 | $1,360,000 (2BR) $1159/sf 338 | $1,522,000 (2BR) $1223/sf 101 | $1,150,000 (1BR) $1147/sf

© Skybox Realty Inc, 2020

29

Madrone

Price Per SF Q4

A VG $/ S F

MED I A N $/S F

$1218/SF

Q3 Q2

$1,1164/SF

Q1

$1,192/SF $950

$1050

$1 150

$1250

Buyer Demographic

CA S H B UYER LO A N B UYER UN K N O WN

2018

2019 All Data From SFARMLS

420 / 480 Mission Bay, 435 China Basin

2019 $/SF Distribution

$ 9 5 8 / SF

S TA N D A R D D EV I A TI O N = $81.69

$1203/SF

$1448/S F

Listings Days on Market

D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS

2018 © Skybox Realty Inc, 2020

2019

31

Radiance # of Transactions

5

50% YOY

Average Sales Price

$1,340,176 6.7% YOY

* Median Price $1,300,880

413 | $1,560,000 (2BR) $1582/sf

106 | $1,235,000 (2BR) $1051/sf

All Data From SFARMLS

SO L D

Average $/SF

$1,237 12% YOY

ACTI V E

IN CONTRACT

Average Days on Market

25

40% YOY

503 | $1,600,000 (2BR) $1320/sf 416 | $1,995,000 (3BR) $1107/sf 309 | $1,005,000 (1BR) $1113/sf 103 | $1,300,880 (2BR) $1118/sf

© Skybox Realty Inc, 2020

33

Radiance

Price Per SF Q4

$1,115/SF

Q3

$1,582/SF

Q2

$1,051/SF

A VG $/ S F

MED I A N $/S F

Q1 $1000

$1200

$1 400

$1600

Buyer Demographic

CA S H B UYER LO A N B UYER UN K N O WN

2018

2019 All Data From SFARMLS

330 Mission Bay, 325 China Basin

2019 $/SF Distribution

$ 5 8 2 / SF

S T A N D A R D D EV I A TI O N = $218.09

$1237/SF

$1891/S F

Listings Days on Market

D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS

2018 © Skybox Realty Inc, 2020

2019

35

Arden # of Transactions

9

Average Sales Price

$1,989,633

40% YOY

8.3% YOY

* Median Price $1,750,000

1504 | $2,310,000 (2BR) $1570/sf

802 | $1,880,000 (2BR) $1326/sf 715 | $1,720,000 (2BR) $1383/sf

416 | $1,750,000 (2BR) $1262/sf 214 | $1,560,000 (2BR) $1194/sf

All Data From SFARMLS

SO L D

Average $/SF

$1,386 8.8% YOY

ACTI V E

IN CONTRACT

Average Days on Market

31

40% YOY

1506 | $2,400,000 (3BR) $1483/sf 1301 | $1,710,000 (2BR) $1477/sf

1010 | $2,000,000 (2BR) $1377/sf

712 | $2,871,700 (3BR) $1476/sf

217 | $1,705,000 (2BR) $1305/sf

© Skybox Realty Inc, 2020

37

Arden

Price Per SF Q4

$1,385/SF

Q3

$1,390/SF

Q2

$1,480/SF

Q1

$1,194 $1250

A VG $/ S F

$1350

MED I A N $/S F

$1 450

$1550

Buyer Demographic

CA S H B UYER LO A N B UYER UN K N O WN

2018

2019 All Data From SFARMLS

708 / 718 / 738 Long Bridge

2019 $/SF Distribution

$1015/ SF

S T A N D A R D D EV I A TI O N = $123.80

$1386/SF

$1757/S F

Listings Days on Market

D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS

2018 © Skybox Realty Inc, 2020

2019

39

Skybox Realty 2019 Annual Report

2019 Q4 Sales Address

BR / BA

SQFT

260 King 1517

1/1

671

260 King 533

1/1

728

250 King 706

1/1

953

325 China Basin 309

1/1

903

300 Berry 904

1/1

851

250 King 406

1/1

981

250 King 412

1/1

888

435 China Basin 220

1/1

929

480 Mission Bay 616

1/1

928

420 Mission Bay 101

1/1

1,003

300 Berry 811

2/1

901

260 King 819

2 / 1.5

1,089

330 Mission Bay 103

2/2

1,164

250 King 858

2/2

1,216

435 China Basin 320

2/2

1,173

300 Berry 1201

2/2

1,167

250 King 670

3/2

1,518

300 Berry 445

2/2

1,241

235 Berry 408

2/2

1,420

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

* Only showing sold homes in buildings featured in this book. Does not include new construction. For a full list of 2019 sales, please contact us.

Sale Price

$/SF

% Sale/List

$749,000

$1,116.24

100.00

$846,000

$1,162.09

100.95

$910,000

$954.88

101.34

$1,005,000

$1,112.96

100.70

$1,025,000

$1,204.47

100.00

$1,063,000

$1,082.48

107.49

$1,010,000

$1,137.39

102.12

$1,150,000

$1,237.89

104.64

$1,150,000

$1,239.22

104.55

$1,150,000

$1,146.56

100.00

$1,182,000

$1,311.88

98.91

$1,220,000

$1,120.29

101.84

$1,300,880

$1,117.59

102.03

$1,320,000

$1,085.53

101.93

$1,360,000

$1,159.42

97.28

$1,400,000

$1,199.66

100.00

$1,420,000

$935.44

94.73

$1,460,000

$1,176.47

98.32

$1,600,000

$1,126.76

100.31

Š Skybox Realty Inc, 2020

41

Skybox Realty 2019 Annual Report

2019 Q4 Sales Address

BR / BA

SQFT

480 Mission Bay 711

2/2

1,252

250 King 1016

2/2

1,420

708 Long Bridge 715

2/2

1,244

718 Long Bridge 416

2/2

1,387

235 Berry 706

2 / 2.5

1,590

718 Long Bridge 802

2/2

1,418

718 Long Bridge 1504

2/2

1,471

255 Berry 608

3 / 2.5

2,505

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

* Only showing sold homes in buildings featured in this book. Does not include new construction. For a full list of 2019 sales, please contact us.

Sale Price

$/SF

% Sale/List

$1,635,000

$1,305.91

97.03

$1,690,000

$1,190.14

100.12

$1,720,000

$1,382.64

101.24

$1,750,000

$1,261.72

97.49

$1,850,000

$1,163.52

97.63

$1,880,000

$1,325.81

101.62

$2,310,000

$1,570.36

100.65

$2,800,000

$1,117.76

93.49

Š Skybox Realty Inc, 2020

43

Skybox Realty 2019 Annual Report

One Mission Bay Only showing Q4 2019 sales.

Developer

CIM

# of Units

# in C

350

34

1307 | $2,375,000 (3BR) $1449/sf * 1305 | $1,895,000 (2BR) $1556/sf

* 617 | $1,155,000 (1BR) $1602/sf

* 324 | $1,148,000 (1BR) $1378/sf

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

SOL D

Contract / Sold

47+

ACTI V E

IN CONTRACT

Monthly Absorption

7.9 Units 1306 | $1,950,000 (2BR) $1539/sf 1202 | $3,635,000 (3BR) $1990/sf

514 | $1,560,000 (2BR) $1302/sf 406 | $1,617,000 (2BR) $----/sf 303 | $1,888,000 (2BR) $1530/sf

* = Resale Units © Skybox Realty Inc, 2020

45

*

Skybox Realty 2019 Annual Report

Paul Hwang

Mission Bay Average Sales Price Skybox Realty (+26%)

2019

Other Brokers Skybox Realty

2018

Other Brokers

2017

Skybox Realty Others

$1M

$1.2M

$1.4M

$1.6M

$1.8M

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Please call Paul for a personalized analysis of your real estate needs!

Mission Bay Average Price per Square Foot Skybox Realty (+7%)

2019

Other Brokers Skybox Realty

2018

Other Brokers Skybox Realty

2017

Other Brokers

$900

$1000

$1100

© Skybox Realty Inc, 2020

$1200

$1300

47

Skybox Realty 2019 Annual Report

Paul Hwang Ranked #1 in South Beach 415.216.8746 | dre 01371169 paul@skyboxrealty.com

流利國語 All Data From SFARMLS