2019 Q3 / Mission Bay Condo Report

2019 Q3 Condo Report Mission Bay Paul Hwang | Ranked #1 in South Beach

Mission Bay 2019 Q3 # of Transactions

17

19% YOY /

41% QOQ

Average Sales Price

$1,489,388 4.8% YOY /

6.5% QOQ

Average Price per Square Foot

$1,289 12% YOY /

6.9% QOQ

Average Days on the Market

24

40% YOY /

26% QOQ

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

Dear Neighbors, Q3 showed signs of weakness for the Mission Bay condo market with a mere 17 units trading hands, a decrease of -41% over Q2. Year over year sales paralleled with -19% decline. Year over year average price per square foot was strong at +12%. Inventory is up with 25 units listed for sale. One Mission Bay is almost completely sold out.

California Assembly Bill 1482 passed, limiting rent increased to 5% + CPI up to 10% max. This should have little effect on sales demand for the high rent of Mission Bay. The Chase Center has awed in its sparkly debut! Bruce Bochy retired; adios amigo & gracias. Mission Rock has begun its significant build upwards. Our neighborhood’s identity has emerged as a clean, forward thinking, modern, family friendly neighborhood. Streets are crowded with construction, vehicles & pedestrians. The lock up period for 2019 IPOs has begun to end. Q4 sales will be an important indicator for 2020. Please contact me for a personalized analysis of your property needs.

Best Regards, Paul Hwang | Skybox Realty | Ranked #1 in Mission Bay | 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.

Š Skybox Realty Inc, 2019

3

Skybox Realty 2019 Q3 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 Q3 Solds

38 - 39

One Mission Bay

40 - 41

Who You Work With Matters

42 - 43

© Skybox Realty Inc, 2019

5

235 Berry

706 | $1,895,000 (2BR) $1192/sf

404 | $1,360,000 (2BR) $1271sf

113 | $1,600,000 (2BR) $1275/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

408 | $1,595,000 (2BR) $1123/sf

© Skybox Realty Inc, 2019

7

235 Berry

# of Transactions

2

100% YOY /

100% QOQ

Average Sales Price

$1,480,000 18% YOY /

7% QOQ

* Median Price $1,480,000

Price Per SF Q3

$1273/SF

Q2

$1,275/SF

Q1

$1,355/SF

Q4

$1,161/SF $1150

A VG $/ S F

$1250

MED I A N $/S F

$1350

$1450

All Data From SFARMLS

235 Berry

Average $/SF

$1,273 6.1% YOY /

Average Days on Market

17

.2% QOQ

Buyer Demographic

2 0 1 9 Q1

© Skybox Realty Inc, 2019

31% YOY /

CASH

2019 Q 2

240% QOQ

LO A N

UN K N O WN

2019 Q 3

9

255 Berry

608 | $2,995,000 (3BR) $1196/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

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

© Skybox Realty Inc, 2019

11

255 Berry

# of Transactions

1

---- YOY /

50% QOQ

Average Sales Price

$1,520,000 21% YOY /

35% QOQ

* Median Price $1,520,000

Price Per SF Q3

$1,199/SF

Q2

$1,219/SF

A VG $/ S F

MED I A N $/S F

Q1 Q4

$1,101/SF $950

$1050

$1150

$1250

All Data From SFARMLS

255 Berry

Average $/SF

$1,199 .01% YOY /

Average Days on Market

28

1.7% QOQ

Buyer Demographic

115% YOY /

CASH

155% QOQ

LO A N

UN K N O WN

N o Sa les in 2 0 1 9 Q1

2 0 1 9 Q1

© Skybox Realty Inc, 2019

2019 Q 2

2019 Q 3

13

Arterra

1201 | $1,400,000 (2BR) $1200/sf

904 | $1,025,000 (1BR) $1204/sf 811 | $1,195,000 (1BR) $----/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

508 | $1,400,000 (2BR) $1362/sf 445 | $1,485,000 (2BR) $1197/sf

© Skybox Realty Inc, 2019

15

Arterra

# of Transactions

1

---- YOY /

100% QOQ

Average Sales Price

$1,400,000 70% YOY /

100% QOQ

* Median Price $1,515,000

Price Per SF Q3

A VG $/ S F

MED I A N $/S F

$1,362/SF

Q2 Q1

$1,516/SF

Q4

$1,062/SF $950

$1150

$1350

$1550

All Data From SFARMLS

300 Berry

Average $/SF

$1,362 14% YOY /

100% QOQ

Buyer Demographic

Average Days on Market

5

---- YOY /

CASH

100% QOQ

LO A N

UN K N O WN

N o S al e s i n 2019 Q 2

2 0 1 9 Q1

© Skybox Realty Inc, 2019

2019 Q 2

2019 Q 3

17

Park Terrace

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

All Data From SFARMLS

SO L D

© Skybox Realty Inc, 2019

ACTI V E

IN CONTRACT

19

Park Terrace

# of Transactions

1

50% YOY / ---- QOQ

Average Sales Price

$1,675,000 29% YOY /

86% QOQ

* Median Price $1,515,000

Price Per SF Q3

$1,340/SF

Q2

$1,325/SF

A VG $/ S F

MED I A N $/S F

Q1 Q4

$1,118/SF $1100

$1200

$1300

$1400

All Data From SFARMLS

325 Berry

Average $/SF

$1,340 11% YOY /

Average Days on Market

10

1.1% QOQ

Buyer Demographic

29% YOY /

CASH

100% QOQ

LO A N

UN K N O WN

N o Sa les in 2 0 1 9 Q1

2 0 1 9 Q1

© Skybox Realty Inc, 2019

2019 Q 2

2019 Q 3

21

The Beacon

461 | $768,000 (1BR) $1243/sf

1016 | $1,688,000 (2BR) $1189/sf 858 | $1,295,000 (2BR) $1065/sf 626 | $1,495,000 (2BR) $1037/sf

850 | $844,500 (1BR) $1060/sf 706 | $898.000 (1BR) $942/sf 672 | $1,260,000 (2BR) $1101/sf

406 | $988,888 (1BR) $1007/sf

426 | $1,499,000 (2BR) $1040/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

1603 | $1,720,000 (2BR) $1337/sf 1517 | $799,000 (0BR) $1191/sf 1315 | $920,000 (1BR) $1019/sf 1215 | $960,000 (1BR) $1063/sf 1003 | $1,450,000 (2BR) $1128/sf 819 | $1,198,000 (2BR) $1100/sf 717 | $799,000 (0BR) $1053/sf

713 | $182,818 (1BR) bmr

533 | $838,000 (1BR) $1151/sf 407 | $1,051,000 (1BR) $1173/sf

445 | $865,000 (1BR) $1169/sf

© Skybox Realty Inc, 2019

23

The Beacon

# of Transactions

5

29% YOY /

50% QOQ

Average Sales Price

$1,049,200 3.8% YOY /

4.8% QOQ

* Median Price $960,000

Price Per SF Q3

$1,110/SF

Q2

$1,080/SF

Q1

$1,081/SF

Q4

$1,071/SF $850

A VG $/ S F

$950

MED I A N $/S F

$1050

$1150

All Data From SFARMLS

250 / 260 King

Average $/SF

$1,110 5.1% YOY /

Average Days on Market

21

2.8% QOQ

Buyer Demographic

2 0 1 9 Q1

© Skybox Realty Inc, 2019

38% YOY /

CASH

2019 Q 2

50% QOQ

LO A N

UN K N O WN

2019 Q 3

25

Madrone

711 | $1,685,000 (2BR) $1346/sf

202 | $1,099,000 (1BR) $1183/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

320 | $1,398,000 (2BR) $1192/sf 101 | $1,200,000 (1BR) $1196/sf

© Skybox Realty Inc, 2019

27

Madrone

# of Transactions

0

100% YOY /

100% QOQ

Average Sales Price

----

100% YOY /

100% QOQ

* Median Price $1,515,000

Price Per SF

A VG $/ S F

MED I A N $/S F

Q3 Q2

$1,164/SF

Q1

$1,192/SF

Q4

$1,199/SF $900

$1000

$1100

$1200

All Data From SFARMLS

420 / 480 Mission Bay, 435 China Basin

Average $/SF

----

100% YOY /

Average Days on Market

----

100% QOQ

Buyer Demographic

100% YOY /

CASH

100% QOQ

LO A N

UN K N O WN

No Sales in 2019 Q 3

2 0 1 9 Q1

© Skybox Realty Inc, 2019

2019 Q 2

2019 Q 3

29

Radiance

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

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

416 | $1,995,000 (3BR) $1107/sf

103 | $1,275,000 (2BR) $1095/sf

© Skybox Realty Inc, 2019

31

Radiance

# of Transactions

1

---- YOY /

50% QOQ

Average Sales Price

$1,560,000 25% YOY /

10% QOQ

* Median Price $1,560,000

Price Per SF Q3

$1,582/SF

Q2

$1,051/SF

A VG $/ S F

MED I A N $/S F

Q1 Q4

$1,056/SF $1000

$1200

$1400

$1600

All Data From SFARMLS

330 Mission Bay, 325 China Basin

Average $/SF

$1,582 34% YOY /

Average Days on Market

33

51% QOQ

Buyer Demographic

11% YOY /

CASH

83% QOQ

LO A N

UN K N O WN

N o Sa les in 2 0 1 9 Q1

2 0 1 9 Q1

© Skybox Realty Inc, 2019

2019 Q 2

2019 Q 3

33

Arden

802 | $1,930,000 (2BR) $----/sf 715 | $1,699,000 (2BR) $1366/sf

All Data From SFARMLS

SO L D

ACTI V E

IN CONTRACT

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

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

© Skybox Realty Inc, 2019

35

Arden

# of Transactions

2

50% YOY / ---- QOQ

Average Sales Price

$2,288,350 53% YOY /

11% QOQ

* Median Price $1,515,000

Price Per SF Q3

$1,390/SF

Q2

$1,480/SF

Q1

$1,194

A VG $/ S F

MED I A N $/S F

Q4 $1250

$1350

$1450

$1550

All Data From SFARMLS

708 / 7 260 King St #445 Mission Bay 1

1

1,168.92

799,000

09/27/19

Average $/SF

$1,390 24% YOY /

758.75

2 0 1 9 Q1

© Skybox Realty Inc, 2019

740

Average Days on Market

24

6.1% QOQ

Buyer Demographic

45

1

66% YOY /

CASH

2019 Q 2

25% QOQ

LO A N

UN K N O WN

2019 Q 3

37

Skybox Realty 2019 Q3 Report

2019 Q3 Sales Address

BR / BA

SQFT

260 King 445

1/1

740

260 King 1315

1/1

903

260 King 1215

1/1

903

260 King 407

1/1

896

110 Channel 321

1/1

759

235 Berry 404

2/2

1,070

300 Berry 508

2/2

1,028

260 King 1003

2/2

1,286

255 Berry 606

2/2

1,268

325 China Basin 413

2/2

986

235 Berry 113

2 / 2.5

1,255

325 Berry 620

2/2

1,250

718 Long Bridge 217

2/2

1,307

1000 3rd 1604

2/2

1,035

708 Long Bridge 712

3/3

1,945

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

$865,000

$1,168.92

108.26

$920,000

$1,018.83

102.34

$960,000

$1,063.12

103.45

$1,051,000

$1,172.99

110.75

$1,125,000

$1,482.21

100.63

$1,360,000

$1,271.03

105.02

$1,400,000

$1,361.87

100.36

$1,450,000

$1,127.53

103.65

$1,520,000

$1,198.74

100.00

$1,560,000

$1,582.15

100.65

$1,600,000

$1,274.90

101.59

$1,675,000

$1,340.00

104.75

$1,705,000

$1,304.51

100.59

$2,080,000

$2,009.66

104.58

$2,871,700

$1,476.45

104.43

Š Skybox Realty Inc, 2019

39

Skybox Realty 2019 Q3 Report

One Mission Bay Developer

CIM

# of Units

# in C

350

33

* 1604 | $2,080,000 (2BR) $2010/sf

1307 | $2,375,000 (3BR) $1449/sf

912 | $1,740,000 (2BR) $1364/sf 921 | $1,665,000 (2BR) $1419/sf 812 | $1,680,000 (2BR) $1317/sf

* 321 | $1,125,000 (1BR) $1482/sf

All Data From SFARMLS

Paul Hwang | 415.216.8746 | paul@skyboxrealty.com

SOL D

Contract / Sold

39+

ACTI V E

IN CONTRACT

Monthly Absorption

8.5 Units 1401 | $3,664,278 (3BR) $1854/sf 1306 | $1,950,000 (2BR) $1539/sf 1202 | $3,635,000 (3BR) $1990/sf

902 | $1,980,000 (2BR) $1501/sf

514 | $1,560,000 (2BR) $1302/sf 303 | $1,890,000 (2BR) $1532/sf

* = Resale Units © Skybox Realty Inc, 2019

41

*

Skybox Realty 2019 Q3 Report

Paul Hwang

Mission Bay Average Sales Price Skybox Realty (+33%)

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

“

Paul doesn’t just know the market, he is the market. - Isaac S

“

Mission Bay Average Price per Square Foot Skybox Realty (+11%)

2019

Other Brokers Skybox Realty

2018

Other Brokers Skybox Realty

2017

Other Brokers

$900

$1000

© Skybox Realty Inc, 2019

$1100

$1200

$1300

43

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

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