Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Mission Bay
Condo Report 2025
Paul Hwang | Ranked #1 Broker 415.216.8746 | paul@skyboxrealty.com
© Skybox Realty Inc, 2026
1
Skybox Realty 2025 Annual Report
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Hello Neighbors! 2025 began slowly but gained significant momentum throughout the year. Mission Bay assumed an important world standing with offices leased to Nvidia, OpenAI, etc. Mission Rock matured with some of the best restaurants in the city. Newly opened China Basin Park flourished. Fueled by growth in AI companies, increased corporate office leasing, and new city leadership, the residential leasing sector became exceptionally competitive, with inventory becoming extremely limited by December. Similarly, available condominium inventory was rapidly depleted by Christmas. Class A office space improved from 60% to 70% leased, with effective space usage potentially rising from 25% to 80%, effectively tripling actual office occupancy. Indeed, San Francisco is at an inflection point. Much like a molten piece of glass ready to be formed into something intricate and magical. Put into clumsy hands it may become something horrible and disfigured or simply dropped and shattered into a million pieces. I believe we are at the start of a new upward cycle for income and population growth, and I expect sales prices to grow by 5-7% in 2026. Experience has shown that being too early is the same as being wrong. I am advising clients to hold and reassess in 2027. Best Regards, Paul Hwang, Ranked #1 Broker | 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.
© Skybox Realty Inc, 2026
3
Skybox Realty 2025 Annual Report
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Table of Contents
Mission Bay 2025 Snapshot
7
235 Berry
8 - 11
255 Berry
12 - 15
Arterra
16 - 19
Park Terrace
20 - 23
The Beacon
24 - 27
Madrone
28 - 31
Radiance
32 - 35
Arden
36 - 39
One Mission Bay
40 - 43
2025 Q4 Solds
44 - 45
Who You Work With Matters
46 - 47
© Skybox Realty Inc, 2026
5
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
K
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
RY A
CH
ST
EL
TER
I
O
EE
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
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
Mission Bay 2025 Snapshot * Does not include new construction.
# of Transactions
76
3.8% YOY Average Sales Price
$1,177,104 6.2% YOY
* Median Price $1,106,500
Average Price per Square Foot
$1,034 3.1% YOY
Average Days on the Market
48
30% YOY
© Skybox Realty Inc, 2026
7
235 Berry
307 | $1,160,000 (2BR) $939/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
417 | $1,200,000 (2BR) $1122/sf
© Skybox Realty Inc, 2026
9
235 Berry
Price Per SF Q4
$1,122/SF
Q3
$939/SF
A VG $/ S F
MED I A N $/S F
Q2 Q1 $900
$1000
$1 100
$1200
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2024
2025
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
2
---- YOY
Average $/SF
$1,030 4.4% YOY
Average DOM
69
214% YOY
Average Sales Price
$1,180,000 .64% YOY
2025 $/SF Distribution
$643/SF
* Median Price $1,180,000
S T A N D A R D D EV I A TI O N = $128.86
$1030/SF
$1417/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2024
2025
© Skybox Realty Inc, 2026
11
255 Berry
701 | $1,489,000 (2BR) $1091/sf 611 | $1,700,000 (2BR) $900/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
514 | $1,500,000 (2BR) $978/sf 310 | $1,379,000 (2BR) $951/sf
© Skybox Realty Inc, 2026
13
255 Berry
Price Per SF
A VG $/ S F
MED I A N $/S F
Q4 Q3
$1,091/SF
Q2
$965/SF
Q1
$900/SF $900
$1000
$1 100
$1200
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2024
2025
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
4
---- YOY
Average $/SF
$980 3.4% YOY
Average DOM
20
4.8% YOY
Average Sales Price
$1,517,000 27% YOY
2025 $/SF Distribution
$ 7 3 8 / SF
* Median Price $1,494,500
S TA N D A R D D EV I A TI O N = $80.54
$980/SF
$1222/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2024
2025
© Skybox Realty Inc, 2026
15
Arterra
914 | $648,000 (1BR) $976/sf 721 | $750,000 (1BR) $1014/sf
419 | $628,000 (1BR) $936/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
911 | $975,000 (2BR) $1073/sf
611 | $950,101 (2BR) $1027/sf 413 | $945,000 (2BR) $1011/sf
© Skybox Realty Inc, 2026
17
Arterra
Price Per SF Q4
A VG $/ S F
MED I A N $/S F
$1,043/sf
Q3 Q2
$1,027/SF
Q1
$973/SF $800
$900
$1 000
$1100
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2024
2025
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
5
50% YOY
Average DOM
39 49% YOY
Average $/SF
$1,012 8.6% YOY
Average Sales Price
$849,260 12% YOY
2025 $/SF Distribution
$ 8 6 4 / SF
* Median Price $945,000
S TA N D A R D D EV I A TI O N = $49.23
$1012/SF
$1160/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2024
2025
© Skybox Realty Inc, 2026
19
Park Terrace
715 | $850,000 (1BR) $1005/sf
328 | $1,685,000 (2BR) $1015/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
617 | $770,000 (1BR) $1039/sf
325 | $840,000 (1BR) $952/sf
© Skybox Realty Inc, 2026
21
Park Terrace
Price Per SF Q4
A VG $/ S F
MED I A N $/S F
$979/sf
Q3 Q2
$1,015/SF
Q1
$1,039/SF $900
$1000
$1 100
$1200
Buyer Demographic
CA S H B UYER
N O SALES IN 2 0 2 4
2024
LO A N B UYER UN K N O WN
2025
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
4
100% YOY
Average DOM
63
100% YOY
Average $/SF
$1,003 100% YOY
Average Sales Price
$1,036,250 100% YOY
2025 $/SF Distribution
$893/SF
* Median Price $845,000
S TA N D A R D D EV I A TI O N = $36.59
$1003/SF
$1113/S F
Listings Days on Market
D I D N ’T S ELL
NO SALES IN 2 0 2 4
2024
S O LD > 45 D A YS S O LD < 45 D A YS
2025
© Skybox Realty Inc, 2026
23
The Beacon
1107 | $848,888(1BR) $947/sf
853 | $505,000 (1BR) $804/sf 741 | $668,000 (1BR) $782/sf 637 | $640,000 (1BR) $780/sf 529 | $495,000 (1BR) $825/sf 483 | $465,000 (1BR) $845/sf 261 | $699,000 (1BR) $724/sf
1304 | $549,000 (1BR) $935/sf
1014 | $710,000 (1BR) $738/sf 914 | $710,000 (1BR) $738/sf 880 | $905,500 (2BR) $866/sf 622 | $890,000 (2BR) $790/sf 538 | $579,000 (1BR) $891/sf 372 | $585,000 (1BR) $778/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
1411 | $740,000 (1BR) $914/sf
865 | $890,000 (2BR) $822/sf 631 | $596,000 (1BR) $860/sf 507 | $640,000 (1BR) $714/sf 449 | $1,055,000 (2BR) $857/sf
627 | $780,000 (2BR) $841/sf 557 | $838,000 (1BR) $759/sf
683 | $468,000 (1BR) $851/sf
271 | $612,500 (1BR) $793/sf
1508 | $709,000 (1BR) $901/sf
1104 | $499,000 (1BR) $851/sf 1008 | $625,000 (1BR) $794/sf 952 | $2,290,000 (3BR) $935/sf 856 | $720,000 (1BR) $835/sf 734 | $600,000 (1BR) $789/sf 668 | $630,000 (1BR) $792/sf 536 | $603,000 (1BR) $843/sf
© Skybox Realty Inc, 2026
502 | $1,198,000 (2BR) $845/sf
25
The Beacon
Price Per SF Q4
$833/SF
Q3
$826/SF
Q2
$848/SF
Q1
$788/SF $700
A VG $/ S F
$800
MED I A N $/S F
$9 00
$1000
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2024
2025
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
25 17% YOY
Average DOM
72 15% YOY
Average $/SF
$817 4.1% YOY
Average Sales Price
$752,680 8.6% YOY
2025 $/SF Distribution
$ 6 4 7 / SF
* Median Price $640,000
S TA N D A R D D EV I A TI O N = $56.67
$817/SF
$987/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2024
2025
© Skybox Realty Inc, 2026
27
Madrone
1504 | $1,800,000 (2BR) $1351/sf
611 | $1,550,000 (2BR) $1306/sf 527 | $1,330,000 (2BR) $1139/sf 311 | $1,578,800 (2BR) $1131/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
708 | $1,535,000 (2BR) $1198/sf 631 | $1,825,000 (3BR) $1146/sf
327 | $1,320,000 (2BR) $949/sf 205 | $1,325,000 (2BR) $1118/sf
© Skybox Realty Inc, 2026
29
Madrone
Price Per SF
A VG $/ S F
MED I A N $/S F
Q4 Q3
$1,104/SF
Q2
$1,268/SF
Q1 $1000
$1100
$1 200
$1300
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2024
2025
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
7
50% YOY
Average DOM
44 38% YOY
Average $/SF
$1,174 6.7% YOY
Average Sales Price
$1,561,257 22% YOY
2025 $/SF Distribution
$ 7 7 9 / SF
* Median Price $1,550,000
S T A N D A R D D EV I A TI O N = $131.62
$1174/SF
$1569/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2024
2025
© Skybox Realty Inc, 2026
31
Radiance
416 | $1,770,000 (2BR) $1058/sf 310 | $1,212,000 (2BR) $946/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
515 | $1,400,000 (2BR) $1081/sf 312 | $1,145,000 (2BR) $974/sf
© Skybox Realty Inc, 2026
33
Radiance
Price Per SF Q4
A VG $/ S F
MED I A N $/S F
$1,016/SF
Q3 Q2
$946/SF
Q1
$1,081/SF $900
$1000
$1 100
$1200
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2024
2025
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
4
100% YOY
Average DOM
86
169% YOY
Average $/SF
$1,015 2.8% YOY
Average Sales Price
$1,381,750 25% YOY
2025 $/SF Distribution
$ 8 2 0 / SF
* Median Price $1,306,000
S TA N D A R D D EV I A TI O N = $64.98
$1015/SF
$1210/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2024
2025
© Skybox Realty Inc, 2026
35
Arden
1508 | $1,800,000 (2BR) $1480/sf 1411 | $1,525,000 (2BR) $1498/sf
717 | $1,980,000 (2BR) $1380/sf 517 | $1,745,000 (2BR) $1293/sf 411 | $2,100,000 (2BR) $1360/sf 317 | $1,610,000 (2BR) $1231/sf 215 | $1,655,000 (2BR) $1203/sf
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
1401 | $1,676,500 (2BR) $1454/sf
1002 | $1,805,000 (2BR) $1274/sf 714 | $1,650,000 (2BR) $1507/sf 705 | $1,870,000 (2BR) $1184/sf 506 | $1,649,000 (2BR) $1219/sf 220 | $949,000 (1BR) $1201/sf 207 | $1,600,000 (2BR) $1085/sf
© Skybox Realty Inc, 2026
37
Arden
Price Per SF Q4
$1,248/SF
Q3
$1,364/SF
Q2
$1,403/SF
Q1
$1,252/SF $900
A VG $/ S F
$1100
MED I A N $/S F
$1 300
$1500
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2024
2025
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
11 13% YOY
Average DOM
24 ---- YOY
Average $/SF
$1,313 4.8% YOY
Average Sales Price
$1,760,591 6.5% YOY
2025 $/SF Distribution
$ 9 1 2 / SF
* Median Price $1,745,000
S T A N D A R D D EV I A TI O N = $133.53
$1313/SF
$1714/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2024
2025
© Skybox Realty Inc, 2026
39
One Mission Bay Resales
1207 | $2,250,000 (3BR) $1373/sf
809 | $1,740,000 (2BR) $1348/sf
532 | $1,068,000 (1BR) $1204/sf 426 | $937,000 (1BR) $1122/sf 314 | $919,500 (1BR) $1275/sf
424 | $1,320,000 ( 413 | $939,000 (1 420 | $1,585,000 (
All Data From SFARMLS
OFF MAR KET
SOL D
ACTI V E
IN CONTRACT
1505 | $1,680,000 (2BR) $1379/sf
(2BR) $1116/sf 1BR) $1168/sf (2BR) $1440/sf
605 | $1,498,000 (2BR) $1286/sf 513 | $1,168,000 (2BR) $1163/sf 431 | $575,000 (1BR) $1162/sf 306 | $1,488,000 (2BR) $1391/sf 324 | $1,030,000 (1BR) $1236/sf
© Skybox Realty Inc, 2026
41
One Mission Bay
Price Per SF Q4
$1,168/SF
Q3
$1,263/SF
Q2
$1,274/SF
Q1
$1,262/SF $1000
A VG $/ S F
$1100
MED I A N $/S F
$1 200
$1300
Buyer Demographic
CA S H B UYER LO A N B UYER UN K N O WN
2024
2025
All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
# of Transactions
13 44% YOY
Average DOM
29 34% YOY
Average $/SF
$1,246 4.7% YOY
Average Sales Price
$1,284,577 19% YOY
2025 $/SF Distribution
$ 9 0 5 / SF
* Median Price $1,168,000
S T A N D A R D D EV I A TI O N = $113.72
$1246/SF
$1587/S F
Listings Days on Market
D I D N ’T S ELL S O LD > 45 D A YS S O LD < 45 D A YS
2024
2025
© Skybox Realty Inc, 2026
43
Skybox Realty 2025 Annual Report
2025 Q4 Sales Address
BR / BA
SQFT
260 King 631
1/1
693
260 King 637
1/1
820
300 Berry 721
1/1
740
325 Berry 325
1/1
882
325 Berry 715
1/1
846
1000 3rd 413
1/1
804
300 Berry 911
2/1
909
260 King 449
2/2
1,231
325 China Basin 312
2/2
1,231
235 Berry 417
2/2
1,070
207 King 402
2 / 2.5
1,675
718 Long Bridge 215
2/2
1,384
708 Long Bridge 517
2/2
1,482
325 China Basin 416
2/2
1,388
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
$596,000
$860.03
97.87
$640,000
$780.49
98.61
$750,000
$1,013.51
107.30
$840,000
$952.38
98.94
$850,000
$1,004.73
97.14
$939,000
$1,167.91
97.91
$975,000
$1,072.61
108.45
$1,055,000
$857.03
100.67
$1,145,000
$973.64
95.58
$1,200,000
$1,121.50
109.09
$1,300,000
$776.12
96.30
$1,655,000
$1,202.76
104.09
$1,745,000
$1,292.59
99.77
$1,770,000
$1,057.98
98.44
© Skybox Realty Inc, 2026
45
Skybox Realty 2025 Annual Report
Paul Hwang
Paul Hwang Activity (2021-2025 Sales) # of Transactions
139+ Sold Volume
$235,929,650+ All Data From SFARMLS
Paul Hwang | 415.216.8746 | paul@skyboxrealty.com
*
Call me to find out how we can feature your off market listing to all of our prospective buyers in our Quarterly Reports!
Paul Hwang Leasing Activity 2024 # Leased
70+
2025 # Leased
61+
© Skybox Realty Inc, 2026
47
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Ranked #1 Broker
Paul Hwang 415.216.8746 | dre 01371169 paul@skyboxrealty.com
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