2023 Q2 / Mission Bay Condo Report

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

Mission Bay

Condo Report 2023 Q2

Vi Pavlicevich | Ranked #1 in Mission Bay 415.828.1114 | vi@skyboxrealty.com

© Skybox Realty Inc, 2023

1

Skybox Realty 2023 Q2 Report

Hello Neighbors, Summer is finally here, but it seems the housing market is heating up everywhere in the Bay Area except for San Francisco.

News about big retailers leaving the city, tech companies still not enforcing employees to return to office, and rates hovering under 7% are some main reasons contributing to a slow, yet steady San Francisco market. And steady is good relative to what San Francisco had experienced in the last few years!

In Mission Bay, the months of supply is at 2.5 months, similar to pre-COVID in February 2020. Month of supply tells you how many months it would take for all the current homes for sale on the market to sell, given a monthly sales volume.

12 Months 9 Months 6 Months 3 Months 2020

2021

2022

2023

There are so many headlines about high interest rates affecting buyers negatively, but high rates affect both buyers and sellers.

Sellers aren’t motivated to sell since they’re locked in at a low mortgage rate; sellers are staying put, and this has kept inventory low. Buyers may be looking, but they’re cautious and taking their time; this has caused longer Days on Market.

Although demand has gone down throughout the city, the supply has gone down as well; there is a decline in home prices, but the decline isn’t drastic. Things are slowly improving in the city, but it’s going to take at least 3/4 years to see big improvements in San Francisco home prices.

Your Neighbor, Vi Pavlicevich

All Data From SFARMLS

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

Table of Contents

Mission Bay 2023 Q2 Snapshot

5

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

One Mission Bay

38 - 41

2023 Q2 Solds

42 - 43

Who You Work With Matters

44 - 45

© Skybox Realty Inc, 2023

3

Oracle Park E N TH CO A BE

Ch in a Ba sin Pa rk

Caltrain BE

R

ST

RY

5 23 RRY BE

ONE BAY MISSION

5 25 RRY BE

0 30 RRY BE

N

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AN

LVD

BL VD NO RT H

IS B

M IS SI O N BA Y

ST

NCO

CH IN A BA SI N

FRA

G

DIANCE

MADRONE RA

ST

BR ID GE VI EW W

N

ID

E

3R D ST

EN

D

AR

LO

G

BR

N

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CH

ST

EL

TER

I

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4T H ST

5 32 RRY BE

M

I SS

CR

AY

MISSION BAY SO UT H ST O W EN S ST

UCSF Mission Bay

The Chase Center

I 280

16 TH ST

TE NN ES S

M ISS ISS IP PI ST

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

ILL IN OI S ST

UCSF Medical Center

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

Mission Bay 2023 Q2 # of Transactions

26

30% YOY /

44% QOQ

Average Sales Price

$1,004,194 15% YOY /

13% QOQ

* Median Price $947,500

Average Price per Square Foot

$970 12% YOY /

6.6% QOQ

Average Days on the Market

49

14% YOY /

37% QOQ

© Skybox Realty Inc, 2023

5

235 Berry

307 | $1,395,000 (2BR) $1130/sf

All Data From SFARMLS

OFF MAR KET

SOL D

© Skybox Realty Inc, 2023

ACTI V E

IN CONTRACT

7

235 Berry

# of Transactions

Average Sales Price

---- YOY / ---- QOQ

---- YOY / ---- QOQ

0

$----

* Median Price $----

Price Per SF

A VG $/ S F

MED I A N $/S F

Q2 Q1 Q4

$1,053/SF

Q3

$1,039/SF $900

$1000

$1100

$1200

All Data From SFARMLS

235 Berry

Average $/SF

Average Days on Market

---- YOY / ---- QOQ

---- YOY / ---- QOQ

Buyer Demographic

CASH

----

$----

2 0 2 2 Q4

LO A N

UN K N O WN

N o S al e s i n 2023 Q 1

No Sales in 2023 Q 2

2023 Q 1

2023 Q 2

© Skybox Realty Inc, 2023

9

255 Berry

301 | $1,420,000 (2BR) $1081/sf 112 | $1,300,000 (2BR) $1052/sf

All Data From SFARMLS

OFF MAR KET

SOL D

© Skybox Realty Inc, 2023

ACTI V E

IN CONTRACT

11

255 Berry

# of Transactions

1

66% YOY / ---- QOQ

Average Sales Price

$1,300,000 ---- YOY /

5.5% QOQ

* Median Price $1,300,000

Price Per SF Q2

$1,052/SF

Q1

$944/SF

Q4

$1,148/SF

A VG $/ S F

MED I A N $/S F

Q3 $900

$1000

$1100

$1200

All Data From SFARMLS

255 Berry

Average Days on Market

Average $/SF

115

$1,052 2.7% YOY /

11% QOQ

259% YOY /

Buyer Demographic

2 0 2 2 Q4

CASH

2023 Q 1

© Skybox Realty Inc, 2023

55% QOQ

LO A N

UN K N O WN

2023 Q 2

13

Arterra

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

814 | $749,995 (1BR) $1130/sf

© Skybox Realty Inc, 2023

15

Arterra

# of Transactions

0

100% YOY /

100% QOQ

Average Sales Price

$---100% YOY /

100% QOQ

* Median Price $1,140,500

Price Per SF

A VG $/ S F

MED I A N $/S F

Q2 Q1

$1,123/SF

Q4

$1,010/SF

Q3

$1,192/SF $950

$1050

$1150

$1250

All Data From SFARMLS

300 Berry

Average Days on Market

Average $/SF

----

$---100% YOY /

100% QOQ

100% YOY /

Buyer Demographic

CASH

100% QOQ

LO A N

UN K N O WN

No Sales in 2023 Q 2

2 0 2 2 Q4

2023 Q 1

© Skybox Realty Inc, 2023

2023 Q 2

17

Park Terrace

322 | $792,888 (1BR) $988/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

320 | $1,430,000 (2BR) $1104/sf

© Skybox Realty Inc, 2023

19

Park Terrace

# of Transactions

1

50% YOY /

100% QOQ

Average Sales Price

$1,430,000 21% YOY /

100% QOQ

* Median Price $1,430,000

Price Per SF Q2

A VG $/ S F

MED I A N $/S F

$1,104/SF

Q1 Q4

$1,043/SF

Q3 $800

$900

$1000

$1100

All Data From SFARMLS

325 Berry

Average Days on Market

Average $/SF

0

$1,104 2.3% YOY /

100% QOQ

100% YOY / ---- QOQ

Buyer Demographic

CASH

LO A N

UN K N O WN

N o S al e s i n 2023 Q 1

2 0 2 2 Q4

2023 Q 1

© Skybox Realty Inc, 2023

2023 Q 2

21

The Beacon

429 | $599,000 (1BR) $998/sf

5 4

561 | $579,000 (1BR) $937/sf 421 | $680,000 (1BR) $978/sf

1418 | $1,162,500 (2BR) $962/sf

618 | $980,000 (2BR) $819/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

1501 | $895,000 (1BR) $1076/sf

1211 | $725,000 (1BR) $791/sf 1115 | $740,000 (1BR) $819/sf 1009 | $875,000 (1BR) $1063/sf

647 | $599,000 (1BR) $869/sf 553 | $525,000 (1BR) $944/sf 409 | $740,000 (1BR) $899/sf

581 | $590,000 (1BR) $887/sf 451 | $999,000 (2BR) $931/sf

575 | $675,000 (1BR) $743/sf

1300 | $1,100,088 (2BR) $903/sf

812 | $719,888 (1BR) $811/sf 704 | $530,000 (1BR) $903/sf

462 | $1,350,000 (2BR) $875/sf

© Skybox Realty Inc, 2023

23

The Beacon

# of Transactions

12

53% YOY /

71% QOQ

Average Sales Price

$745,123 14% YOY /

16% QOQ

* Median Price $699,944

Price Per SF Q2

$897/SF

Q1

$871/SF

Q4

$861/SF

Q3

$898/SF $700

A VG $/ S F

$800

MED I A N $/S F

$9 00

$1000

All Data From SFARMLS

250 / 260 King

Average Days on Market

Average $/SF

75

$897 12% YOY /

2.9% QOQ

104% YOY /

Buyer Demographic

2 0 2 2 Q4

CASH

2023 Q 1

© Skybox Realty Inc, 2023

26% QOQ

LO A N

UN K N O WN

2023 Q 2

25

Madrone

621 | $1,170,000 (1BR) $1060/sf 503 | $1,325,000 (2BR) $1252/sf

631 | $2,100,0

442 | $1,449,0

335 | $1,299,000 (2BR) $1105/sf 205 | $1,310,000 (2BR) $1105/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

000 (3BR) $1318/sf

618 | $1,689,500 (2BR) $1231/sf

000 (2BR) $1232/sf

440 | $1,199,000 (2BR) $1067/sf 332 | 1,530,000 (2BR) $1238/sf 216 | $920,000 (1BR) $1044/sf

© Skybox Realty Inc, 2023

27

Madrone

# of Transactions

4

33% YOY /

20% QOQ

Average Sales Price

$1,232,500 35% YOY /

4.8% QOQ

* Median Price $1,240,000

Price Per SF Q2

$1,112/SF

Q1

$1,136/SF

Q4

$1,010/SF

Q3

$1,244/SF $1100

A VG $/ S F

$1200

MED I A N $/S F

$1300

$1400

All Data From SFARMLS

420 / 480 Mission Bay, 435 China Basin

Average Days on Market

Average $/SF

29

$1,112 18% YOY /

2.2% QOQ

81% YOY /

Buyer Demographic

2 0 2 2 Q4

CASH

2023 Q 1

© Skybox Realty Inc, 2023

10% QOQ

LO A N

UN K N O WN

2023 Q 2

29

Radiance

306 | $899,000 (1BR) $1061/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

902 | $1,610,000 (2BR) $1019/sf

302 | $1,299,000 (2BR) $998/sf

© Skybox Realty Inc, 2023

31

Radiance

# of Transactions

2

---- YOY /

100% QOQ

Average Sales Price

$1,454,500 11% YOY /

100% QOQ

* Median Price $1,454,500

Price Per SF Q2

A VG $/ S F

MED I A N $/S F

$1,009/SF

Q1 Q4 Q3

$1,079/SF $900

$1000

$1100

$1200

All Data From SFARMLS

330 Mission Bay, 325 China Basin

Average Days on Market

Average $/SF

62

$1,009 13% YOY /

100% QOQ

114% YOY /

Buyer Demographic

CASH

N o Sa les in 2 0 2 2 Q4

N o S al e s i n 2023 Q 1

2 0 2 2 Q4

2023 Q 1

© Skybox Realty Inc, 2023

100% QOQ

LO A N

UN K N O WN

2023 Q 2

33

Arden

413 | $1,398,000 (1BR) $1283/sf 306 | $1,698,000 (2BR) $1192/sf 201 | $1,350,000 (2BR) $1047/sf

311 | $1,895,000 (2BR

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

1303 | $2,798,000 (3BR) $1429/sf

804 | $2,098,888 (2BR) $1463/sf

415 | $1,700,000 (2BR) $1230/sf 302 | $1,650,000 (2BR) $1278/sf 212 | $1,650,000 (2BR) $1258/sf

R) $1254/sf

© Skybox Realty Inc, 2023

35

Arden

# of Transactions

3

25% YOY /

66% QOQ

Average Sales Price

$1,582,667 30% YOY /

17% QOQ

* Median Price $1,698,000

Price Per SF Q2

$1,156/SF

Q1

$1,476/SF

Q4

$1,325/SF

Q3

$1,397/SF $1200

A VG $/ S F

$1300

MED I A N $/S F

$1400

$1500

All Data From SFARMLS

708 / 718 Long Bridge

Average Days on Market

Average $/SF

35

$1,156 3.9% YOY /

22% QOQ

44% YOY /

Buyer Demographic

2 0 2 2 Q4

CASH

2023 Q 1

© Skybox Realty Inc, 2023

100% QOQ

LO A N

UN K N O WN

2023 Q 2

37

One Mission Bay Resales

913 | $1,298,000 (2BR) $1293/sf 628 | $989,000 (2BR) $1187/sf 605 | $1,499,000 (2BR) $1287/sf 508 | $989,000 (1BR) $1192/sf

104 | $1,495,000 (2BR) $1451/sf

All Data From SFARMLS

OFF MAR KET

SOL D

ACTI V E

IN CONTRACT

1106 | $1,495,000 (2BR) $1180/sf

806 | $1,289,000 (2BR) $1115/sf 619 | $1,548,000 (2BR) $1322/sf 402 | $1,679,000 (2BR) $1273/sf 318 | $975,000 (1BR) $1271/sf

© Skybox Realty Inc, 2023

39

One Mission Bay Resales

# of Transactions

1

33% YOY /

50% QOQ

Average Sales Price

$975,000 8.7% YOY /

23% QOQ

* Median Price $975,000

Price Per SF Q2

$1,271/SF

Q1

$1,123/SF

Q4

$1,175/SF

Q3

$1,245/SF $1000

A VG $/ S F

$1100

MED I A N $/S F

$1200

$1300

All Data From SFARMLS

1000 3rd, 110 Channel

Average Days on Market

Average $/SF

31

$1,271 13% YOY /

13% QOQ

196% YOY /

Buyer Demographic

2 0 2 2 Q4

CASH

2023 Q 1

© Skybox Realty Inc, 2023

83% QOQ

LO A N

UN K N O WN

2023 Q 2

41

Skybox Realty 2023 Q2 Report

2023 Q2 Sales Address

BR / BA

SQFT

260 King 553 250 King 704 260 King 581 260 King 647 260 King 575 260 King 421 250 King 812 260 King 1211 260 King 409 260 King 1501 435 China Basin 216 110 Channel 318 250 King 1300 250 King 1418 435 China Basin 621 330 Mission Bay 302 255 Berry 112 435 China Basin 205 718 Long Bridge 201 325 Berry 320 435 China Basin 332 330 Mission Bay 902 708 Long Bridge 306 708 Long Bridge 415

1/1 1/1 1/1 1/1 1/1 1/1 1/1 1/1 1/1 1/1 1/1 1/1 2/2 2/2 1/1 2/2 2 / 2.5 2/2 2/2 2/2 2/2 2/2 2/2 2/2

556 587 665 689 908 695 888 916 823 832 881 767 1,218 1,208 1,104 1,301 1,236 1,185 1,290 1,295 1,236 1,580 1,425 1,382

All Data From SFARMLS

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

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

Sale Price

$/SF

% Sale/List

$525,000 $530,000 $590,000 $599,000 $675,000 $680,000 $719,888 $725,000 $740,000 $895,000 $920,000 $975,000 $1,100,088 $1,162,500 $1,095,000 $1,299,000 $1,300,000 $1,310,000 $1,350,000 $1,430,000 $1,530,000 $1,610,000 $1,698,000 $1,700,000

$944.24 $902.90 $887.22 $869.38 $743.39 $978.42 $810.68 $791.48 $899.15 $1,075.72 $1,044.27 $1,271.19 $903.19 $962.33 $1,059.78 $998.46 $1,051.78 $1,105.49 $1,046.51 $1,104.25 $1,237.86 $1,018.99 $1,191.58 $1,230.10

95.80 88.48 87.41 100.00 93.10 100.00 100.00 98.64 102.07 100.00 101.10 97.70 100.01 98.52 106.85 100.00 96.37 100.85 103.93 98.62 98.72 94.76 100.00 100.00

© Skybox Realty Inc, 2023

43

Skybox Realty 2023 Q2 Report

Vi Pavlicevich

Vi in Mission Bay (Recent Activity) # of Transactions

55+

Sold Volume

$81,358,769 All Data From SFARMLS

Vi Pavlicevich | 415.828.1114 | vi@skyboxrealty.com

*

Off Market Listings Contact Vi for Upcoming or Off Market Listings!

Vi Pavlicevich (Recent Overall Activity) # of Transactions

170+ Sold Volume

$213,261,942 © Skybox Realty Inc, 2023

45

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Ranked #1 in Mission Bay

Vi Pavlicevich 415.828.1114 | dre 01906246 vi@skyboxrealty.com www.vipavlicevich.com