Hello Neighbors,
Condominium sales in Mission Bay surged 35% quarter-overquarter, reflecting renewed buyer confidence and increased transactional activity in the area. At the same time, the average price per square foot rose 8.4% compared to Q1. Inventory remains high and the market is competitive. It is a buyer’s market, but well-priced units are moving swiftly.
The leasing market has shown significant strength this quarter. Rents have risen sharply, and quality rental units are being snapped up quickly—a clear sign of both local and seasonal demand returning in full force. For investor-owners, this presents a compelling income opportunity.
Beyond the numbers, the broader tone of the city is shifting. Mayor Lurie’s efforts to clean up the streets and enforce existing laws are beginning to yield visible results. Residents and visitors alike are spending more time outdoors, enjoying the vibrancy of the city. This improving quality of life is starting to positively influence both sentiment and spending.
Adding further momentum, several large office leases were recently signed in Mission Bay. This commercial investment could serve as a leading indicator for rising condo prices, as renewed job growth and business activity often precede residential real estate appreciation.
Mission Bay may be setting the stage for its next cycle of appreciation. Watch this space.
Best Regards, Paul Hwang, Ranked #1 in South Beach | 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.







BLVD











Mariposa




307 | $1,200,000 (2BR) $972/sf



# of Transactions



514 | $1,500,000 (2BR) $978/sf 310 | $1,379,000 (2BR) $951/sf

# of Transactions
Average Sales Price $1,439,500

Average $/SF $965
Buyer Demographic
Average Days on Market


611 | $950,101 (2BR) $1027/sf

YOY / 50% QOQ

Average $/SF $1,027 Average Days on Market 12
Buyer Demographic