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2019 QUARTER 1 MARKET REPORT SAN FRANCISCO LUXURY HIGHRISE RESIDENCES South Beach | Rincon Hill | Yerba Buena | Soma | Mission Bay

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2019 QUARTER 1 MARKET REPORT SAN FRANCISCO LUXURY HIGHRISE RESIDENCES South Beach | Rincon Hill | Yerba Buena | Soma | Mission Bay 2019 QUARTER 1 MARKET REPORT SAN FRANCISCO LUXURY HIGHRISE RESIDENCES South Beach | Rincon Hill | Yerba Buena | SoMa | Mission Bay ROBYN KAUFMAN SFHIGHRISES.COM South Beach Top Producer | Top 1% SF Condo Sales 415.497.1798 | [email protected] YOUR 2019 QUARTER 1 REPORT ROBYN’S RECENT SALES ACTIVITY Spring is typically the season when median prices increase most. However, median house sales prices SOLD $2,720,000 SOLD $2,250,000 SOLD $1,925,000 dropped dramatically from last March with a switch from high year-over-year quarterly appreciation rates to zero appreciation in the last 2 quarters. MLS also reported less real estate sales and new listings in Q1 2019. In our neighborhood, sales in every building have been pretty skinny, with the average sales price remaining unchanged since last quarter. New listings almost always climb from January through March, but not this year. The reason behind this can be that sellers are waiting waiting for IPO buyers, which many manifest later in the year. Q2 will provide much more data regarding the media-frenzy “IPO” effect. 401 HARRISON STREET #38D 355 1ST STREET #2801 338 MAIN STREET #10A THE HARRISON THE METROPOLITAN LUMINA The good news is that open house activity has been steady citywide with many buyers just beginning their search. Interest rates have dropped: 30 year fixed rates are around 4% and 15 year fixed rates are around NEW CONDO SALE HIGHEST PRICE SOLD AT THE MET CASH DEAL. SOLD IN 15 DAYS 3.625%. So, buyers are wanting to purchase now rather than wait. SOLD $1,261,000 SOLD $960,000 FOR SALE $699,000 Other factors are majorly influencing consumer confidence and home-buyer demand in the current marketplace: stock price movements, fluctuations in SF housing construction, and qualifying Incomes to buy. Feel free to contact me and discuss how to navigate the current marketplace. All the best, Robyn South Beach Top Producer | Top 1% SF Condo Sales 355 1ST STREET #609 355 1ST STREET #2008 1 HAWTHORNE #5B SFHIGHRISES.COM THE METROPOLITAN THE METROPOLITAN ONE HAWTHORNE Cal BRE# 01074779 SOLD $62,000 OVER ASKING LISTED AND SOLD IN 2 DAYS JUNIOR 1 BEDROOM RESIDENCE 2 ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] 3 INFINITY TOWERS 301 & 333 Main Street, 318 & 338 Spear Street SALES DATA $1,706,859 $1376 53 Quarter 1 2019 Average Sales Price Average $/Sq. Ft. Average DOM Price per % of Sale/ Sold Over Asking Days on Market Average Sales Price Address BD/BA/PK Sold Price $/Sq.Ft. DOM Sale-to-List % Sold Date Address BD/BA/PK Sold Price Sq. Ft. DOM List Price Sale Date Data, Q1 2019 Data, Q1 2019 by Quarter 338 Spear St #31A 2/2/1 $2,150,000 $1,688 45 98% 3/25/19 TWO BEDROOM 318 Spear St #6E 1/1/1 $935,000 $1,105 16 98% 3/15/19 338 Spear #14B 2/2/1 $1,901,250 $1,437 40 95% 9/19/18 $1,800,000 301 Main St #5F 1/1/1 $899,000 $1,124 44 100% 3/20/19 338 Spear #40E 2/2/1 $2,400,000 $1,517 51 96% 9/13/18 301 Main #15CD 2/2.5/2 $3,500,000 $1,610 46 88% 8/24/18 $1,350,000 338 Spear #18E 2/2/1 $1,543,750 $1,307 145 95% 8/13/18 338 Spear #23E 2/2/1 $1,650,000 $1,439 17 103% 8/6/18 $900,000 301 Main #32A 2/2/1 $1,937,500 $1,528 126 97% 7/27/ 1 8 $450,000 301 Main #26F 2/2/1 $1,750,000 $1,339 78 97% 7/ 1 7/ 1 8 301 Main #8B 2/2.5/1 $2,040,000 $1,126 57 97% 7/2/18 $0 Q4 201 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 ONE BEDROOM 338 Spear #3F 1/1/1 $985,000 $1,082 4 101% 9/28/18 SOLD OVER ASKING PRICE SOLD UNDER 30 DAYS 338 Spear #26G 1/1/1 $1,115,000 $1,382 5 101% 9/19/18 SOLD AT FULL PRICE SOLD BETWEEN 30-60 DAYS 338 Spear #23C 1/1/1 $1,300,000 $1,609 0 100% 8/29/18 SOLD BELOW ASKING PRICE SOLD OVER 60 DAYS 301 Main #24C 1/1/1 $1,166,666 $1,442 67 98% 7/27/ 1 8 4 ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] The Infinity Towers | 301 & 333 Main Street, 318 & 338 Spear Street 5 THE METROPOLITAN 333 & 355 1st Street SALES DATA $1,444,500 $1,268 7 Quarter 1 2019 Average Sales Price Average $/Sq. Ft. Average DOM Sold Over Asking Days on Market Average Sales Price Address BD/BA/PK Sold Price $/Sq.Ft. DOM Sale-to-List % Sold Date Data, Q1 2019 Data, Q1 2019 by Quarter 355 1st St #2803 2/2/1 $2,112,500 - 0 97% 3/22/19 355 1st St #609 2/2/1 $1,261,000 $1,267 7 105% 3/28/19 $100,000 355 1st St #2008 1/1/1 $960,000 $1,268 15 101% 2/1/19 $1200,000 $900,000 $00,000 $00,000 $0 Q 201 Q1 201 Q2 201 Q 201 Q 201 Q1 2019 SOLD OVER ASKING PRICE SOLD UNDER 30 DAYS SOLD AT FULL PRICE SOLD BETWEEN 30-60 DAYS SOLD BELOW ASKING PRICE SOLD OVER 60 DAYS 6 ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] The Metropolitan | 333 & 355 1st Street 7 LUMINA 318 & 338 Main Street, 333 Beale Street, 201 Folsom Street SALES DATA $1,421,000 $1313 75 Quarter 1 2019 Average Sales Price Average $/Sq. Ft. Average DOM Sold Over Asking Days on Market Average Sales Price Address BD/BA/PK Sold Price $/Sq.Ft. DOM Sale-to-List % Sold Date Data, Q1 2019 Data, Q1 2019 by Quarter 338 Main St #14G 2/2/1 $1,900,000 $1,356 43 99% 1/16/19 201 Folsom #10b 2/2/1 $1,525,000 $1,283 29 97% 2/20/19 $200,000 318 Main St #A8G 1/1/1 $1,160,000 $1,362 72 106% 1/14/19 $2000,000 201 Folsom St #18D 1/1/1 $1,099,000 $1,255 154 100% 2/13/19 $100,000 $1000,000 $00,000 $0 Q 201 Q1 201 Q2 201 Q 201 Q 201 Q1 2019 SOLD OVER ASKING PRICE SOLD UNDER 30 DAYS SOLD AT FULL PRICE SOLD BETWEEN 30-60 DAYS SOLD BELOW ASKING PRICE SOLD OVER 60 DAYS 8 ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] Lumina | 318 & 338 Main Street, 333 Beale Street, 201 Folsom Street 9 ONE RINCON HILL 425 1st Street, 489 Harrison Street SALES DATA $1,065,000 $1354 17 Quarter 1 2019 Average Sales Price Average $/Sq. Ft. Average DOM Sold Over Asking Days on Market Average Sales Price Address BD/BA/PK Sold Price $/Sq.Ft. DOM Sale-to-List % Sold Date Data, Q1 2019 Data, Q1 2019 by Quarter 425 1st St #1807 1/1/1 $1,100,000 $1343 1 100% 3/21/19 425 1st St #1508 1/1/1 $1,030,000 $364 32 99% 3/19/19 $2000,000 $100,000 $1000,000 $00,000 $0 Q 201 Q1 201 Q2 201 Q 201 Q 201 Q1 2019 SOLD OVER ASKING PRICE SOLD UNDER 30 DAYS SOLD AT FULL PRICE SOLD BETWEEN 30-60 DAYS SOLD BELOW ASKING PRICE SOLD OVER 60 DAYS 10 ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] One Rincon Hill | 425 1st Street, 489 Harrison Street 11 THE HARRISON 401 Harrison Street SALES DATA $1,635,455 $1587 88 Quarter 1 2019 Average Sales Price Average $/Sq. Ft. Average DOM Sold Over Asking Days on Market Average Sales Price Address BD/BA/PK Sold Price $/Sq.Ft. DOM Sale-to-List % Sold Date Data, Q1 2019 Data, Q1 2019 by Quarter 401 Harrison St #37D 2/2/1 $2,650,000 $2,043 - 97% 1/17/19 401 Harrison St #36C 2/2/1 $2,360,000 $1,769 120 99% 3/14/19 $2,00,000 401 Harrison St #29C 2/2/1 $2,180,000 $1,634 70 98% 3/29/19 $2,000,000 401 Harrison St #18C 2/2/1 $1,788,000 $1,340 56 99% 3/29/19 401 Harrison St #17B 2/2/1 $1,620,000 $1,236 - 100% 2/20/19 $1,00,000 401 Harrison St #33F 1/1/1 $1,447,000 $1,743 71 98% 1/11/19 $1,000,000 401 Harrison St #27F 1/1/1 $1,395,000 $1,681 - 100% 3/13/19 $00000 401 Harrison St #24F 1/1/1 $1,340,000 $1,614 22 97% 3/26/19 401 Harrison St #37A 1/1/1 $1,179,000 $1,404 - 100% 3/28/19 $0 Q 201 Q1 201 Q2 201 Q3 201 Q 201 Q1 2019 401 Harrison #24G 1/1/01 $1,081,000 $1,424 279 100% 2/26/19 401 Harrison St #11D 1/1/1 $950,000 $1,565 1 98% 3/5/19 SOLD OVER ASKING PRICE SOLD UNDER 30 DAYS SOLD AT FULL PRICE SOLD BETWEEN 30-60 DAYS SOLD BELOW ASKING PRICE SOLD OVER 60 DAYS 12 ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] The Harrison | 401 Harrison Street 13 ONE HAWTHORNE 1 Hawthorne Street SALES DATA $1,056,000 $1305 11 Quarter 1 2019 Average Sales Price Average $/Sq.
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