2019 Q1 South Beach Condo Report | Pablo Cela

2019 Q1 Condo Report South Beach Pablo Cela | Ranked #1 at The Harrison

Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com

Dear Neighbors, The South Beach / Yerba Buena condominium market continues to benefit from strong job growth in the hyper local demographic. The well publicized wave of 2019 San Francisco based company IPOs will directly affect home prices in our neighborhood. The reopening of the Transbay Terminal / Park, general retail development and proposed Embarcadero Navigation Center will also influence the desirability of our homes.

A proposed solution to Yerba Buena’s Millennium Tower problem has stabilized pricing. 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 South Beach we have a distinct advantage in the marketing and sale of your property. 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 South Beach & Yerba Buena Real Estate needs. We look forward to being of service to you.

Best Regards, Pablo Cela | Ranked #1 at The Harrison Paul Hwang | Ranked #1 in South Beach 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

Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com

Table of Contents South Beach Market Snapshot The Harrison Resales

6-7 8 - 11

One Rincon Hill

12 - 15

The Infinity

16 - 19

Lumina

20 - 23

Portside

24 - 27

Baycrest

28 - 31

Bridgeview

32 - 35

2019 Q1 Sales

36 - 37

The Harrison

38 - 39

New Construction

42 - 45

Who You Work With Matters

46 - 47

© Skybox Realty Inc, 2019

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Skybox Realty 2019 Q1 Report

All Data From SFARMLS

Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com

South Beach 2019 Q1 # of Transactions

54

15% YOY /

30% QOQ

Average Sales Price

$1,319,676 1.1% YOY /

2.1% QOQ

Average Price per Square Foot

$1,150 1.9% YOY /

3.1% QOQ

Average Days on the Market

44

7.3% YOY /

22% QOQ

© Skybox Realty Inc, 2019

7

The Harrison Resales

# of Transactions

Average Sales Price

---- YOY /

---- YOY /

4

100% QOQ

Average $/SF

58% QOQ

THE HA RRI S O N

AVG $1,439/SF

Q1 Q4

$1,424,500

AVG $1,119/SF

Q3 Q2

All Data From SFARMLS

401 Harrison

Average $/SF

Average Days on Market

---- YOY /

---- YOY /

$1,439 12% QOQ

26

Buyer Demographic

56% QOQ

THE HA RRI S O 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

9

The Harrison Resales

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

24F | $1,340,000 (1BR) $1614/sf

18C | $1,788,000 (2BR) $1340/sf 17B | $1,620,000 (2BR) $1236/sf 14F | $1,875,000 (2BR) $1512/sf 11D | $950,000 (1BR) $1565/sf 9B | $1,595,000 (2BR) $1216/sf 8F | $1,499,000 (2BR) $1209/sf

© Skybox Realty Inc, 2019

11

One Rincon Hill

# of Transactions

2

67% YOY /

50% QOQ

Average Sales Price

$1,065,000 45% YOY /

17% QOQ

Average $/SF Q1

O N E RI N CO N HI LL

AVG $1,354/SF AVG $1,496/SF

Q4 Q3 Q2

AVG $1,263/SF AVG $1,256/SF AVG $1,449/SF All Data From SFARMLS

425 1st, 489 Harrison

Average $/SF

$1,354 4.2% YOY /

9.5% QOQ

Average Days on Market

32

59% YOY /

Buyer Demographic

69% QOQ

O N E RI N CO N HI LL

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

13

One Rincon Hill

305 | $1,799,000 (2BR) $1161/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

6001 | $3,650,000 (2BR) $2227/sf

5406 | $2,888,000 (2BR) $2278/sf

4403 | $1,998,000 (2BR) $1516/sf

3905 | $975,000 (1BR) $1373/sf

2508 | $1,080,000 (1BR) $1430/sf

1807 | $1,100,000 (1BR) $1343/sf 1508 | $1,030,000 (1BR) $1364/sf

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

© Skybox Realty Inc, 2019

15

The Infinity

# of Transactions

3

---- YOY / ---- QOQ

Average Sales Price

$1,328,000 24% YOY /

17% QOQ

Average $/SF Q1

THE I N F I N I TY

$1,306/SF AVG $1,354/SF

Q4

AVG $1,376/SF

Q3 Q2

AVG $1,256/SF All Data From SFARMLS

301 / 333 Main, 318 / 338 Spear

Average $/SF

$1,306 11% YOY /

3.6% QOQ

Average Days on Market

35

84% YOY / ---- QOQ

Buyer Demographic

THE I N F I N I TY

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

17

The Infinity

D31A | $2,150,000 (2BR) $1688/sf

A6E | $935,000 (1BR) $1105/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

B31A | $1,199,000 (2BR) $1576/sf B29A | $2,099,000 (2BR) $1655/sf

B26G | $1,115,000 (1BR) $1382/sf

B20D | $1,848,888 (2BR) $1550/sf

C6H | $779,000 (0BR) $1371/sf

© Skybox Realty Inc, 2019

B5F | $899,000 (1BR) $1124/sf

19

Lumina

# of Transactions

4

300% YOY /

20% QOQ

Average Sales Price

$1,421,000 16% YOY /

39% QOQ

Average $/SF Q1

LUMI N A

AVG $1,314/SF AVG $1,543/SF

Q4 Q3 Q2

AVG $1,473/SF AVG $1,256/SF AVG $1,398/SF All Data From SFARMLS

318 / 338 Main, 333 Beale, 201 Folsom

Average $/SF

$1,314 6.4% YOY /

15% QOQ

Average Days on Market

75

26% YOY /

Buyer Demographic

14% QOQ

LUMI N A

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

21

Lumina

D36A | $7,375,000 (3BR) $1956/sf D35A | $3,299,000 (2BR) $2099/sf D33D | $1,499,000 (1BR) $1557/sf

D29A | $2,999,000 (2BR) $1908/sf D26D | $1,338,000 (1BR) $1372/sf D26E | $3,995,000 (3BR) $2243/sf

D14G | $1,900,000 (2BR) /$1356/sf D14B | $1,850,000 (2BR) $1570/sf

D9H | $1,198,800 (1BR) $1404/sf

C8H | $1,599,000 (1BR) $1623/sf

D6H | $1,068,000 (1BR) $1251/sf C4C | $1,299,000 (1BR) $1418/sf C3F | $1,099,000 (1BR) $1195/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

B41A | $11,495,000 (3BR) $2016/sf

B31C | $2,575,000 (2BR) $1722/sf

B27B | $1,999,000 (2BR) $1180/sf B25A | $2,488,000 (2BR) $1819/sf

B18D | $1,099,000 (1BR) $1255/sf

B10G | $2,150,000 (2BR) $1535/sf B10B | $1,525,000 (2BR) $1283/sf A8G | $1,160,000 (1BR) $1362/sf

© Skybox Realty Inc, 2019

B7A | $1,980,000 (2BR) $1447/sf

23

Portside

# of Transactions

1

50% YOY /

66% QOQ

Average $/SF Q1 Q4 Q3 Q2

Average Sales Price

$975,000 5.8% YOY /

11% QOQ

P O RTS I D E

$1,142/SF AVG $1,154/SF AVG $1,270/SF AVG $1,128/SF All Data From SFARMLS

403 Main, 38 Bryant

Average $/SF

$1,142 9.8% YOY /

1.1% QOQ

Average Days on Market

0

100% YOY /

Buyer Demographic

100% QOQ

P O RTS I D 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

25

Portside

103 | $1,149,000 (2BR) $977/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

406 | $1,395,000 (2BR) $983/sf 403 | $975,000 (1BR) $1142/sf

© Skybox Realty Inc, 2019

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Baycrest

# of Transactions

3

---- YOY /

57% QOQ

Average Sales Price

$907,517 22% YOY /

18% QOQ

Average $/SF Q1 Q4 Q3 Q2

B A YCRES T

AVG $1,102/SF AVG $1,280/SF AVG $1,212/SF AVG $1,255/SF All Data From SFARMLS

201 Harrison

Average $/SF

$1,102 6.9% YOY /

14% QOQ

Average Days on Market

29

57% YOY /

Buyer Demographic

45% QOQ

B A YCRES T

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

29

Baycrest

730 | $580,000 (0BR) $1343/sf

303 | $1,098,000 (2BR) $994/sf 310 | $868,000 (2BR) $1089/sf 124 | $600,000 (0BR) $1463/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

810 | $905,000 (1BR) $1235/sf 613 | $937,550 (2BR) $1274/sf

314 | $799,000 (1BR) $1111/sf 227 | $880,000 (2BR) $796/sf

© Skybox Realty Inc, 2019

31

Bridgeview

# of Transactions

1

100% YOY /

66% QOQ

Average Sales Price

$995,000 100% YOY /

27% QOQ

Average $/SF Q1 Q4

B RI D GEV I EW

AVG $1,165/SF AVG $1,102/SF AVG $1,273/SF

Q3 Q2

AVG $1,087/SF All Data From SFARMLS

400 Beale

Average $/SF

$1,165 100% YOY /

5.7% QOQ

Average Days on Market

18

100% YOY /

Buyer Demographic

49% QOQ

B RI D GEV I EW

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

33

Bridgeview

1013 | $995,000 (1BR) $1165/sf

701 | $401,510 (2BR) bmr

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

910 | $749,000 (1BR) $1120/sf

© Skybox Realty Inc, 2019

35

Skybox Realty 2019 Q1 Report

2019 Q1 Sales Address

BR / BA

SQFT

301 Main 5F

1/1

800

318 Spear 6E

1/1

846

401 Harrison 11D

1/1

607

425 1st 1508

1/1

755

201 Folsom 18D

1/1

876

425 1st 1807

1/1

819

318 Main 8G

1/1

852

401 Harrison 24F

1/1

830

201 Folsom 10B

2/2

1189

401 Harrison 17B

2/2

1311

401 Harrison 18C

2/2

1334

338 Main 14G

2/2

1401

338 Spear 31A

2/2

1274

201 Harrison 227

2/2

1105

201 Harrison 810

1/1

733

201 Harrison 613

2/2

736

38 Bryant 403

1/1

854

400 Beale 1013

1/1

854

All Data From SFARMLS

Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com

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

Sale Price

$/SF

% Sale/List

$899,000

$1,123.75

100.00

$935,000

$1,105.20

97.91

$950,000

$1,565.07

98.45

$1,030,000

$1,364.24

98.56

$1,099,000

$1,254.57

100.00

$1,100,000

$1,343.10

100.00

$1,160,000

$1,361.50

105.94

$1,340,000

$1,614.46

97.17

$1,525,000

$1,282.59

96.52

$1,620,000

$1,235.70

100.00

$1,788,000

$1,340.33

99.44

$1,900,000

$1,356.17

98.70

$2,150,000

$1,687.60

97.77

$880,000

$796.38

100.00

$905,000

$1,234.65

96.38

$937,550

$1,273.85

110.43

$975,000

$1,141.69

108.57

$995,000

$1,165.11

101.02

© Skybox Realty Inc, 2019

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The Harrison 401 Harrison

Interior Design

Ken Fulk # of Units

298 # in Contract / Sold

211+

Monthly Absorption

7 Units All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

49A | $3,700,000 (2BR) $2245/sf 48B | $8,800,000 (3BR) $2738/sf 45A | $3,150,000 (2BR) $1911/sf

41C | $4,550,000 (3BR) $2345/sf

37A | $1,179,000 (1BR) $1404/sf

38F | $1,533,000 (1BR) $1847/sf 37D | $2,650,000 (2BR) $2043/sf 36C | $2,360,000 (2BR) $1769/sf 33F | $1,447,000 (1BR) $1743/sf

31E | $2,591,000 (2BR) $2088/sf

31A | $1,157,000 (1BR) $1377/sf

29C | $2,230,000 (2BR) $1672/sf 28E | $2,588,000 (2BR) $2085/sf 27D | $2,475,000 (2BR) $1908/sf

29G | $1,119,000 (1BR) $1474/sf 28B | $1,885,000 (2BR) $1438/sf 27F | $1,395,000 (1BR) $1681/sf 26G | $1,096,000 (1BR) $1444/sf 25A | $1,115,000 (1BR) $1327/sf 24G | $1,081,000 (1BR) $1424/sf

23B | $1,775,000 (2BR) $1354/sf

20E | $2,077,000 (2BR) $1674/sf

© Skybox Realty Inc, 2019

39

181 Fremont 181 Fremont

Developer

Jay Paul # of Units

67

# in Contract / Sold

34+

Monthly Absorption

1 Unit All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

68B | $15,500,000 (2BR) $4,760/sf

62C | $3,325,000 (2BR) $2635/sf

60A | $6,465,000 (3BR) $3278/sf

© Skybox Realty Inc, 2019

41

Skybox Realty 2019 Q1 Report

Mira 280 Spear Architect

Studio Gang # of Units

392 # in Contract / Sold

35+

Monthly Absorption

6 Units All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

© Skybox Realty Inc, 2019

43

Skybox Realty 2019 Q1 Report

The Avery 488 Folsom Architect

OMA # of Units

118 # in Contract / Sold

10+

Monthly Absorption

1 Unit All Data From SFARMLS

Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com

© Skybox Realty Inc, 2019

45

Skybox Realty 2019 Q1 Report

Pablo Cela

South Beach Average Sales Price 2019

2018

2017

Skybox Realty Other Brokers Skybox Realty Other Brokers Skybox Realty Others

$1.1M

$1.3M

$1.5M

$1.7M

$1.9M

$2.1M

All Data From SFARMLS

Pablo Cela | 415.886.5121 | pablo@skyboxrealty.com

“

Pablo consistently exceeded expectations and deserves more stars than we can give.

“

South Beach Average Price per Square Foot Skybox Realty

2019

Other Brokers Skybox Realty

2018

Other Brokers Skybox Realty

2017

Other Brokers

$700

$900

$1100

© Skybox Realty Inc, 2019

$1300

$1500

$1700

47

Pablo Cela Ranked #1 at The Harrison 415.886.5121 | dre 01805459 pablo@skyboxrealty.com