2019 Q2 Mission Bay Condo Report

2019 Q2 Condo Report Mission Bay Paul Hwang | Ranked #1 in South Beach

Mission Bay 2019 Q2 # of Transactions

29

31% YOY /

81% QOQ

Average Sales Price

$1,397,920 6.3% YOY /

30% QOQ

Average Price per Square Foot

$1,205 4.7% YOY /

8.8% QOQ

Average Days on the Market

19

39% YOY /

54% QOQ

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Dear Neighbors, At the end of Q2 2019, year over year sales statistics for Mission Bay were positive; average price +6.3% ($1.398 Million), average price per square foot +4.7% ($1,205/sf) and days on the market reduced 29% (19 days). A year over year decline in number of transactions (29 in Q2) and increase in price indicate a tighter market for Mission Bay. The Beacon led the way in number of transactions with 10 in Q2, with Madrone following behind with 7. Only a few new homes remain at One Mission Bay, and the first resales have appeared.

Rents remain strong.

Interest rates are significantly lower than they were a year ago, and are anticipated to continue to be historically low through the remainder of the year. The foreign national all cash buyer (ie China money) has dropped to normal levels. The majority of the standard 6 month employee lock up periods for the successfull 2019 Bay Area IPOs should end by Q1 2020. Their effect on the market will be positive.

The Warriors new home at the Chase Center is scheduled to open in the new year and Mission Bay is quickly fulfilling it’s promise of becoming a quintessential work / live neighborhood for young families. We anticipate resale condominium pricing to be flat for the remainder of the year as new construction inventory in San Francisco is absorbed.

Best Regards, Paul Hwang | Ranked #1 in South Beach | 415.216.8746 Vi Pavlicevich | Ranked #1 in Mission Bay | 415.828.1114 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 Q2 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 Q2 Solds

38 - 41

One Mission Bay

42 - 43

Who You Work With Matters

44 - 45

© Skybox Realty Inc, 2019

5

235 Berry

# of Transactions

1

---- YOY /

50% QOQ

Average Sales Price

$1,600,000 16% YOY /

17% QOQ

Average $/SF Q2

235 B ERRY

AVG $1,275/SF AVG $1,355/SF

Q1 Q4 Q3

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

235 Berry

Average $/SF

$1,275 14% YOY /

5.9% QOQ

Average Days on Market

5

64% YOY /

Buyer Demographic

25% QOQ

235 B ERRY

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

2 0 1 9 Q1 © Skybox Realty Inc, 2019

2019 Q 2

7

235 Berry

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

All Data From SFARMLS

SO L D

© Skybox Realty Inc, 2019

ACTI V E

IN CONTRACT

9

255 Berry

# of Transactions

2

100% YOY /

100% QOQ

Average Sales Price

$2,337,500 140% YOY /

100% QOQ

Average $/SF

255 B ERRY

AVG $1,219/SF

Q2 Q1 Q4 Q3

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

255 Berry

Average $/SF

$1,219 9.1% YOY /

100% QOQ

Average Days on Market

11

65% YOY /

Buyer Demographic

255 B ERRY

CA S H B UYER

No Sa les in 2 0 1 9 Q1

2 0 1 9 Q1 © Skybox Realty Inc, 2019

100% QOQ

LO A N B UYER UN K N O WN

2019 Q 2

11

255 Berry

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

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

301 | $1,475,000 (2BR) $1123/sf

© Skybox Realty Inc, 2019

13

Arterra

# of Transactions

0

100% YOY /

100% QOQ

Average Sales Price

----

100% YOY /

Average $/SF

100% QOQ

A RTERRA

Q2 Q1

AVG $1,061/SF

Q4

AVG $1,190/SF

Q3

AVG $1,192/SF

AVG $1,516/SF

All Data From SFARMLS

300 Berry

Average $/SF

----

100% YOY /

100% QOQ

Average Days on Market

----

100% YOY /

Buyer Demographic

A RTERRA

N o S al e s i n 2019 Q 2

2 0 1 9 Q1 © Skybox Realty Inc, 2019

100% QOQ

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

2019 Q 2

15

Arterra

All Data From SFARMLS

SO L D

© Skybox Realty Inc, 2019

ACTI V E

IN CONTRACT

17

Park Terrace

# of Transactions

1

100% YOY /

100% QOQ

Average Sales Price

$900,000 100% YOY /

Average $/SF

100% QOQ

P A RK TERRA CE

AVG $1,325/SF

Q2 Q1 Q4 Q3

AVG $1,118/SF AVG $1,204/SF All Data From SFARMLS

325 Berry

Average $/SF

$1,325 100% YOY /

100% QOQ

Average Days on Market

0

100% YOY / ---- QOQ

Buyer Demographic

P A RK TERRA CE

CA S H B UYER

No Sa les in 2 0 1 9 Q1

2 0 1 9 Q1 © Skybox Realty Inc, 2019

LO A N B UYER UN K N O WN

2019 Q 2

19

Park Terrace

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

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

606 | $1,599,000 (2BR) $1279/sf

© Skybox Realty Inc, 2019

21

The Beacon

# of Transactions

10

29% YOY /

9.1% QOQ

Average $/SF

Average Sales Price

$1,101,980 2.4% YOY /

14% QOQ

THE B EA CO N

Q2

AVG $1,080/SF

Q1

AVG $1,081/SF

Q4 Q3

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

250 / 260 King

Average $/SF

$1,080 .9% YOY /

.1% QOQ

Average Days on Market

14

50% YOY /

Buyer Demographic

59% QOQ

THE B EA CO N

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

2 0 1 9 Q1 © Skybox Realty Inc, 2019

2019 Q 2

23

The Beacon

1003 | $1,399,000 (2BR) $1088/sf

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

626 | $1,450,000 (2BR) $1006/sf 506 | $920,000 (1BR) $937/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

1209 | $899,800 (1BR) $1093/sf 1017 | $770,000 (1BR) $1148/sf

1011 | $980,000 (1BR) $1129/sf

877 | $1,250,000 (2BR) $1279/sf 659 | $1,499,500 (3BR) $1162/sf 505 | $1,360,000 (2BR) $914/sf

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

© Skybox Realty Inc, 2019

25

Madrone

# of Transactions

7

17% YOY /

600% QOQ

Average Sales Price

$1,609,270 11% YOY /

12% QOQ

Average $/SF Q2 Q1 Q4 Q3

MA D RO N E

AVG $1,164/SF AVG $1,192/SF AVG $1,199/SF AVG $1,301/SF All Data From SFARMLS

420 / 480 Mission Bay, 435 China Basin

Average $/SF

$1,164 1.7% YOY /

2.4% QOQ

Average Days on Market

25

19% YOY /

Buyer Demographic

86% QOQ

MA D RO N E

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

2 0 1 9 Q1 © Skybox Realty Inc, 2019

2019 Q 2

27

Madrone

717 | $1,295,000 (1BR) $1099/sf 545 | $1,689,888(2BR) $1144/sf 326 | $1,463,000 (2BR) $1090/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

1007 | $1,800,000 (2BR) $1142/sf 811 | $1,695,000 (2BR) $1354/sf

338 | $1,522,000 (2BR) $1223/sf 103 | $1,800,000 (2BR) $1097/sf

© Skybox Realty Inc, 2019

29

Radiance

# of Transactions

2

33% YOY /

100% QOQ

Average $/SF Q2

Average Sales Price

$1,417,500 2.8% YOY /

100% QOQ

RA D I A N CE

AVG $1,051/SF

Q1 Q4

AVG $1,056/SF

Q3

All Data From SFARMLS

330 Mission Bay, 325 China Basin

Average $/SF

$1,051 6.5% YOY /

100% QOQ

Average Days on Market

18

50% YOY /

Buyer Demographic

RA D I A N CE

CA S H B UYER

No Sa les in 2 0 1 9 Q1

2 0 1 9 Q1 © Skybox Realty Inc, 2019

100% QOQ

LO A N B UYER UN K N O WN

2019 Q 2

31

Radiance

413 | $1,550,000 (2BR) $1434/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

503 | $1,600,000 (2BR) $1320/sf

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

© Skybox Realty Inc, 2019

33

Arden

# of Transactions

2

66% YOY /

100% QOQ

Average Sales Price

$2,055,000 15% YOY /

32% QOQ

Average $/SF

A RD EN

AVG $1,480/SF

Q2 Q1 Q4 Q3

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

718 / 738 Long Bridge

Average $/SF

$1,480 18% YOY /

24% QOQ

Average Days on Market

32

39% YOY /

Buyer Demographic

42% QOQ

A RD EN

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

2 0 1 9 Q1 © Skybox Realty Inc, 2019

2019 Q 2

35

Arden

1506 | $2,400,000 (3BR) $1483/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

1301 | $1,710,000 (2BR) $1477/sf

© Skybox Realty Inc, 2019

37

Skybox Realty 2019 Q2 Report

2019 Q2 Sales Address

BR / BA

SQFT

260 King 1017

1/1

671

260 King 1209

1/1

823

325 Berry 606

1/1

679

110 Channel 202

1/1

630

250 King 506

1/1

982

250 King 1012

1/1

888

250 King 482

1/1

868

260 King 1011

1/1

767

1000 3rd 918

1/1

730

1000 3rd 204

1/1

759

110 Channel 210

1/1

1,175

325 China Basin 106

2/2

977

260 King 877

2/2

1,178

480 Mission Bay 717

1 / 1.5

1,488

260 King 505

2/2

1,442

250 King 626

2/2

1,342

435 China Basin 326

2/2

1,313

255 Berry 301

3 /2

1,290

260 King 659

2/2

1,244

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

$770,000

$1,147.54

100.00

$899,800

$1,093.32

105.98

$900,000

$1,325.48

100.11

$915,000

$1,452.38

101.89

$920,000

$936.86

108.24

$923,000

$1,039.41

100.54

$967,500

$1,096.94

102.93

$980,000

$1,129.03

109.01

$1,012,000

$1,319.43

102.43

$1,098,000

$1,504.11

102.81

$1,110,000

$1,462.45

102.78

$1,235,000

$1,051.06

98.88

$1,250,000

$1,279.43

104.25

$1,295,000

$1,099.32

100.00

$1,360,000

$913.98

97.14

$1,450,000

$1,005.55

101.75

$1,463,000

$1,090.16

100.97

$1,475,000

$1,123.48

100.00

$1,499,500

$1,162.40

100.67

Š Skybox Realty Inc, 2019

39

Skybox Realty 2019 Q2 Report

2019 Q2 Sales Address

BR / BA

SQFT

435 China Basin 338

2/2

1,244

330 Mission Bay 503

2/2

----

235 Berry 112

2 / 2.5

1,255

435 China Basin 545

2/2

1,477

480 Mission Bay 811

2/2

1,252

738 Long Bridge 1301

2/2

1,158

480 Mission Bay 1007

2/2

1,576

420 Mission Bay 103

2 / 2.5

1,641

738 Long Bridge 1506

3/2

1,618

255 Berry 708

2 / 2.5

2,435

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

$1,522,000

$1,223.47

95.18

$1,600,000

----

103.29

$1,600,000

$1,274.90

110.34

$1,689,888

$1,144.14

96.57

$1,695,000

$1,353.83

100.00

$1,710,000

$1,476.68

99.13

$1,800,000

$1,142.13

100.00

$1,800,000

$1,096.89

97.93

$2,400,000

$1,483.31

97.96

$3,200,000

$1,314.17

100.16

Š Skybox Realty Inc, 2019

41

Skybox Realty 2019 Q2 Report

One Mission Bay Developer

CIM

# of Units

# in C

350

33

* 1604 | $1,988,888 (2BR) $1922/sf 1501 | $3,800,000 (3BR) $1923/sf 1307 | $3,700,000 (3BR) $1449/sf

912 | $1,740,000 (2BR) $1364/sf 812 | $1,710,000 (2BR) $1340/sf

* 406 | $1,688,888 (2BR) $1578/sf 303 | $1,890,000 (2BR) $1532/sf 203 | $1,695,000 (3BR) $1332/sf * 204 | $1,098,000 (1BR) $1504/sf

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

SOL D

Contract / Sold

36+

ACTI V E

IN CONTRACT

Monthly Absorption

9.5 Units 1401 | $3,700,000 (3BR) $1872/sf 1302 | $3,700,000 (3BR) $2025/sf 1107 | $2,100,000 (3BR) $1281/sf 918 | $1,012,000 (1BR) $1319/sf

*

602 | $1,875,000 (2BR) $1422/sf 514 | $1,560,000 (2BR) $1302/sf 201 | $1,198,000 (1BR) $1406/sf 202 | $915,000 (1BR) $1452/sf 210 | $1,110,000 (1BR) $1462/sf

* = Resale Units © Skybox Realty Inc, 2019

43

* * *

Skybox Realty 2019 Q2 Report

Paul Hwang

South Beach Average Sales Price 2019

2018

2017

$1.1M

Paul Hwang (+26%) Other Brokers Paul Hwang Other Brokers Paul Hwang Others

$1.3M

$1.5M

$1.7M

$1.9M

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 (+18%)

2019

Other Brokers Paul Hwang

2018

Other Brokers Paul Hwang

2017

Other Brokers

$700

$900

© Skybox Realty Inc, 2019

$1100

$1300

$1500

45

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

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