Hello Neighbors,
Mission Bay continues to gain momentum as OpenAi moved into their new offices in Mission Bay and Databricks doubled their home in San Francisco. 2025 began with increased traffic at open houses, and condo sales picked up alongside the stock market, however, as the quarter progressed and the stock market became more volatile, traffic and sales declined due to a shift in buyer sentiment. Yearover-year transactions showed significant increases (+21%), but quarter-over quarter (-15%), average sales prices (-13%) and price per square foot (-2.8%) decreased. On a brighter note, rents have remained strong, with quick showings for new inventory and rental units staying on the market for less than 30 days.
There is a palpable new energy in San Francisco with the new city leadership. Mayor Lurie is focused on cleaning up the streets, enforcing laws, and making San Francisco more business-friendly. The free concerts and public art installations are attracting people to the city, and we’ve been receiving new inquiries about vacant retail spaces in Union Square. Our beautiful city is poised to reclaim its position as a cultural leader locally, nationally, and globally. I am confident that San Francisco will shine again!
Thank you to everyone who contacts me with words of encouragement for my team’s work; it means a lot to us! I look forward to assisting you and your family with all your real estate needs.
Best Regards, Paul
Hwang
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.
BLVD
Mariposa
Mission Bay 2025 Q1
# of Transactions 17
Average Sales Price $1,166,088
Median Price $919,500
Average Price per Square Foot
$1,008
Average Days on the Market
235 Berry
611 | $1,700,000 (2BR) $900/sf
# of Transactions
Average Sales Price $1,700,000
Average $/SF
Buyer Demographic
Average Days on Market
Average $/SF $973 Average Days on Market 84
Buyer Demographic
Park Terrace
107 | $1,499,000 (2BR) $920/sf
Park Terrace
# of Transactions
Average $/SF $1,039
Buyer Demographic
Average Days on Market 63
The Beacon
Buyer Demographic
631 | $1,998,000 (3BR) $1254/sf
# of Transactions
420 / 480 Mission Bay, 435 China Basin
Average $/SF
Buyer Demographic
Average Days on Market
515 | $1,450,000 (2BR) $1120/sf
330 Mission Bay, 325 China Basin
Buyer Demographic
Arden
717 | $1,980,000 (2BR) $1380/sf 411 | $2,100,000 (2BR) $1360/sf 220 | $799,000 (1BR) $1011/sf
1411 | $1,550,000 (2BR) $1523/sf
705 | $1,870,000 (2BR) $1184/sf
207 | $1,600,000 (2BR) $1085/sf
# of Transactions
708 / 718 Long Bridge
Average $/SF $1,252 Average Days on Market 13
Buyer Demographic
One Mission Bay
One Mission Bay
# of Transactions
50% YOY / 50% QOQ
Sales Price $1,275,833 36% YOY / 4.7% QOQ * Median Price $1,168,000
1000 3rd, 110 Channel
Average $/SF $1,262 Average Days on Market 43
Buyer Demographic
2025 Q1 Sales
Address
250 King 372
250 King 734
300 Berry 419
250 King 1014
325 Berry 617
260 King 627
260 King 557
260 King 865
110 Channel 314
300 Berry 413
1000 3rd 513
708 Long Bridge 207
255 Berry 611
1000 3rd 809
718 Long Bridge 705
708 Long Bridge 717
708 Long Bridge 411
752 760 671 962 741 928 1,104 1,083 721 935 1,004 1,475 1,888 1,291 1,579 1,435 1,544
* Only showing sold homes in buildings featured in this book. D oes not include new construction or bmrs.
Sale Price
$585,000
$600,000
$628,000
$710,000
$808,000
$780,000
$838,000
$890,000
$919,500
$945,000
$1,168,000
$1,600,000
$1,700,000
$1,740,000
$1,870,000
$1,980,000
$2,100,000
$821.79
$1,275.31
$1,010.70
$1,163.35
$1,084.75
$900.42
$1,347.79
$1,184.29
$1,379.79
$1,360.10
Paul Hwang
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
