2019 Q1 / Mission Bay Condo Report

2019 Q1 Condo Report Mission Bay Paul Hwang | Ranked #1 in South Beach Vi Pavlicevich | Ranked #1 in Mission Bay

Mission Bay 2019 Q1 # of Transactions

16

53% YOY /

47% QOQ

Average Sales Price

$1,077,912 16% YOY /

19% QOQ

Average Price per Square Foot

$1,108 .09% YOY /

.18% QOQ

Average Days on the Market

41

7.9% YOY /

5.1% QOQ

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Dear Neighbors, Mission Bay is growing up right before our eyes and before you know it, our neighborhood will be the home of the Golden State Warriors. As Mission Bay matures, the condominium market will benefit from continued job growth in the hyper local demographic. The well publicized wave of San Francisco based company IPOs scheduled for 2019 (including Uber based in the Chase Center) will directly affect home prices in our neighborhood. Although there may be brief periods of slowness, we expect demand, rents and prices to continue to increase as we go forward. As the #1 Broker in Mission Bay we have a distinct advantage in the marketing and sale of your property, as prospective buyers, their agents and sellers contact us daily for new inventory and broker price opinions.

Please contact us for a personalized analysis of your Mission Bay Real Estate needs. We look forward to being of service to you.

Best Regards, Paul Hwang | Ranked #1 in South Beach Vi Pavlicveich | Ranked #1 in Mission Bay 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.

Š Skybox Realty Inc, 2019

3

Skybox Realty 2019 Q1 Report

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Table of Contents 235 Berry

6-9

255 Berry

10 - 13

Arterra

14 - 17

Park Terrace

18 - 21

The Beacon

22 - 25

Madrone

26 - 29

Radiance

30 - 33

Arden

34 - 37

2019 Q1 Sold

38 - 39

One Mission Bay

40 - 41

Who You Work With Matters

42 - 43

© Skybox Realty Inc, 2019

5

235 Berry

# of Transactions

2

33% YOY /

50% QOQ

Average Sales Price

$1,365,000 6.6% YOY /

21% QOQ

Average $/SF

235 B ERRY

$1,355/SF

Q1 Q4 Q3 Q2

AVG $1,161/SF AVG $1,193/SF AVG $1,117/SF All Data From SFARMLS

235 Berry

Average $/SF

$1,355 27% YOY /

17% QOQ

Average Days on Market

4

90% YOY /

Buyer Demographic

69% QOQ

235 B ERRY

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

2 0 1 8 Q4 © Skybox Realty Inc, 2019

2019 Q 1

7

235 Berry

411 | $1,405,000 (2BR) $1471sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

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

© Skybox Realty Inc, 2019

9

255 Berry

# of Transactions

0

100% YOY /

100% QOQ

Average Sales Price

----

100% YOY /

100% QOQ

Average $/SF

255 B ERRY

Q1 Q4 Q3 Q2

AVG $1,101/SF AVG $1,200/SF AVG $1,117/SF All Data From SFARMLS

255 Berry

Average $/SF

----

100% YOY /

100% QOQ

Average Days on Market

----

100% YOY /

Buyer Demographic

100% QOQ

255 B ERRY

N o S al e s i n 2019 Q 1

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

2 0 1 8 Q4 © Skybox Realty Inc, 2019

11

255 Berry

708 | $3,195,000 (2BR) $1312/sf

All Data From SFARMLS

SO L D

© Skybox Realty Inc, 2019

ACTI V E

IN CONTRACT

13

Arterra

# of Transactions

1

66% YOY /

50% QOQ

Average Sales Price

$905,000 17% YOY /

Average $/SF

A RTERRA

AVG $1,516/SF

Q1 Q4

18% QOQ

AVG $1,061/SF

Q3

AVG $1,190/SF

Q2

AVG $1,192/SF All Data From SFARMLS

300 Berry

Average $/SF

$1,516 28% YOY /

43% QOQ

Average Days on Market

13

13% YOY /

Buyer Demographic

74% QOQ

A RTERRA

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

2 0 1 8 Q4 © Skybox Realty Inc, 2019

2019 Q 1

15

Arterra

1109 | $905,000 (1BR) $1516/sf

All Data From SFARMLS

SO L D

© Skybox Realty Inc, 2019

ACTI V E

IN CONTRACT

17

Park Terrace

# of Transactions

0

100% YOY /

100% QOQ

Average Sales Price

----

100% YOY /

100% QOQ

Average $/SF

P A RK TERRA CE

Q1 Q4 Q3

AVG $1,118/SF AVG $1,204/SF

Q2

All Data From SFARMLS

325 Berry

Average $/SF

----

100% YOY /

100% QOQ

Average Days on Market

----

100% YOY /

Buyer Demographic

100% QOQ

P A RK TERRA CE

N o S al e s i n 2019 Q 1

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

2 0 1 8 Q4 © Skybox Realty Inc, 2019

19

Park Terrace

606 | $900,000 (1BR) $1144/sf

All Data From SFARMLS

SO L D

© Skybox Realty Inc, 2019

ACTI V E

IN CONTRACT

21

The Beacon

# of Transactions

11

22% YOY / ---- QOQ

Average $/SF Q1 Q4 Q3 Q2

Average Sales Price

$964,600 8.5% YOY /

8.9% QOQ

THE B EA CO N

AVG $1,081/SF AVG $1,071/SF AVG $1,057/SF AVG $1,070/SF All Data From SFARMLS

250 / 260 King

Average $/SF

$1,081 2.9% YOY /

.1% QOQ

Average Days on Market

34

28% YOY /

Buyer Demographic

26% QOQ

THE B EA CO N

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

2 0 1 8 Q4 © Skybox Realty Inc, 2019

2019 Q 1

23

The Beacon

505 | $1,400,000 (2BR) $941/sf

659 | $1,489,500 (3BR) $1155/sf 529 | $672,600 (0BR) $1121/sf

1314 | $940,000 (1BR) $977/sf 1012 | $918,000 (1BR) $1034/sf 720 | $1,295,000 (2BR) $1092/sf 626 | $1,425,000 (2BR) $988/sf 558 | $1,228,000 (2BR) $1010/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

1613 | $960,000 (1BR) $1179/sf 1515 | $930,000 (1BR) $1030/sf

1209 | $849,000 (1BR) $1032/sf

729 | $645,000 (0BR) $1075/sf 681 | $765,000 (1BR) $1150/sf

651 | $1,170,000 (2BR) $1090/sf

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

756 | $870,000 (1BR) $1009/sf

482 | $940,000 (1BR) $1066/sf

© Skybox Realty Inc, 2019

25

Madrone

# of Transactions

1

66% YOY /

83% QOQ

Average Sales Price

$1,440,988 13% YOY /

16% QOQ

Average $/SF Q1 Q4

MA D RO N E

AVG $1,192/SF AVG $1,199/SF AVG $1,301/SF

Q3 Q2

AVG $1,183/SF All Data From SFARMLS

420 / 480 Mission Bay, 435 China Basin

Average $/SF

$1,192 4.1% YOY /

2.2% QOQ

Average Days on Market

174 988% YOY /

Buyer Demographic

397% QOQ

MA D RO N E

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

2 0 1 8 Q4 © Skybox Realty Inc, 2019

2019 Q 1

27

Madrone

1405 | $3,288,000 (3BR) $1712/sf

717 | $1,295,000 (1BR) $1099/sf 545 | $1,750,000 (2BR) $1185/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

513 | $1,440,988 (2BR) $1192/sf 338 | $1,599,000 (2BR) $1285/sf

© Skybox Realty Inc, 2019

29

Radiance

# of Transactions

0

100% YOY /

100% QOQ

Average Sales Price

----

100% YOY /

100% QOQ

Average $/SF

RA D I A N CE

Q1 Q4

AVG $1,056/SF

Q3 Q2

AVG $1,124/SF All Data From SFARMLS

330 Mission Bay, 325 China Basin

Average $/SF

---

100% YOY /

100% QOQ

Average Days on Market

---

100% YOY /

Buyer Demographic

100% QOQ

RA D I A N CE

N o S al e s i n 2019 Q 1

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

2 0 1 8 Q4 © Skybox Realty Inc, 2019

31

Radiance

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

503 | $1,549,000 (2BR) $1278/sf

© Skybox Realty Inc, 2019

33

Arden

# of Transactions

1

86% YOY /

100% QOQ

Average Sales Price

$1,560,000 21% YOY /

100% QOQ

Average $/SF Q1 Q4 Q3 Q2

A RD EN

AVG $1,194/SF AVG $1,274/SF AVG $1,123/SF AVG $1,257/SF All Data From SFARMLS

718 / 738 Long Bridge

Average $/SF

$1,194 10% YOY /

100% QOQ

Average Days on Market

55

31% YOY /

Buyer Demographic

100% QOQ

A RD EN

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

2 0 1 8 Q4 © Skybox Realty Inc, 2019

2019 Q 1

35

Arden

1506 | $2,450,000 (3BR) $1514/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

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

© Skybox Realty Inc, 2019

37

Skybox Realty 2019 Q1 Report

2019 Q1 Sales Address

BR / BA

SQFT

260 King 729

0/1

600

260 King 529

0/1

600

260 King 681

1/1

665

250 King 756

1/1

862

300 Berry 1109

1/1

597

260 King 1515

1/1

903

250 King 1314

1/1

962

260 King 1613

1/1

814

260 King 425

2/2

979

260 King 651

2/2

1073

250 King 558

2/2

1216

250 King 720

2/2

1186

235 Berry 501

2 /2

1070

235 Berry 411

2/2

955

480 Mission Bay 513

2/2

1209

718 Long Bridge 214

2/2

1307

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.

Sale Price

$/SF

% Sale/List

$645,000

$1,075.00

102.54

$672,600

$1,121.00

106.93

$765,000

$1,150.38

101.32

$870,000

$1,009.28

97.21

$905,000

$1,515.91

106.60

$930,000

$1,029.90

103.45

$940,000

$977.13

98.02

$960,000

$1,179.36

96.19

$1,188,000

$1,159.35

113.73

$1,099,000

$1,090.40

106.46

$1,350,000

$1,009.87

98.24

$1,295,000

$1,091.91

100.00

$1,198,000

$1,238.32

110.60

$1,405,000

$1471.00

100.72

$1,495,000

$1,191.88

96.39

$1,560,000

$1,193.57

98.24

Š Skybox Realty Inc, 2019

39

Skybox Realty 2019 Q1 Report

One Mission Bay Developer

CIM

# of Units

# in C

350

32

1501 | $3,800,000 (3BR) $1923/sf 1301 | $3,650,000 (3BR) $1847/sf

812 | $1,710,000 (2BR) $1340/sf 616 | $888,000 (1BR) $----/sf

203 | $1,695,000 (3BR) $1332/sf 104 | $1,450,000 (2BR) $1465/sf

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Contract / Sold

27+

Monthly Absorption

10.1 Units

1202 | $3,635,000 (3BR) $1990/sf 1107 | $2,100,000 (3BR) $1281/sf 918 | $988,000 (1BR) $1288/sf

602 | $1,875,000 (2BR) $1422/sf

202 | $899,000 (1BR) $1425/sf

© Skybox Realty Inc, 2019

41

Skybox Realty 2019 Q1 Report

Paul Hwang

South Beach Average Sales Price 2019

2018

2017

Paul Hwang Other Brokers Paul Hwang Other Brokers Paul Hwang Others

$1.1M

$1.3M

$1.5M

$1.7M

$1.9M

$2.1M

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

“

Paul is hands-down the best broker in South Beach. - Peter W

“

South Beach Average Price per Square Foot Paul Hwang

2019

Other Brokers Paul Hwang

2018

Other Brokers Paul Hwang

2017

Other Brokers

$700

$900

$1100

© Skybox Realty Inc, 2019

$1300

$1500

$1700

43

Paul Hwang

Vi Pavlicevich

415.216.8746 | dre 01371169 paul@skyboxrealty.com

415.828.1114 | dre 01906246 vi@skyboxrealty.com

Ranked #1 in South Beach

Ranked #1 in Mission Bay