SAN FRANCISCO HIGHRISE RESIDENCES 2019 MID YEAR MARKET REPORT South Beach / Mission Bay / Yerba Buena

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SAN FRANCISCO HIGHRISE RESIDENCES 2019 MID YEAR MARKET REPORT South Beach / Mission Bay / Yerba Buena SAN FRANCISCO HIGHRISE RESIDENCES 2019 MID YEAR MARKET REPORT South Beach / Mission Bay / Yerba Buena ROBYN KAUFMAN SFHIGHRISES.COM 2019 WSJ AMERICA’S BEST REAL ESTATE PROFESSIONAL 415.497.1798 | [email protected] YOUR 2019 MID-YEAR MARKET REPORT ROBYN KAUFMAN, REALTOR® 2019 WSJ AMERICA’S BEST REAL ESTATE PROFESSIONAL San Francisco condo pricing is at a record high, with Transbay and South Beach leading all neighborhoods in SFHIGHRISES REAL ESTATE price growth. Today’s sales prices are pretty much in line with last year’s peaks. One of the greatest influencers in the South Beach real The development of newly constructed condos has helped raise values for the neighborhood. New condo estate market, Robyn has helped multiple clients and developments at Mira and The Avery are selling at minimum $1,800 per square foot. Due to affordability constraints, buyers for the neighborhood are starting to include resale condos in their search. investors achieve record sales prices at many of San Francisco’s newest highrise condominium buildings. With 2019 seems to be the year of The Off Market Sale. Half of my sales this year have closed off market: For my over $500 million in condo sales since 2003, Robyn’s Sellers, I was able to secure buyers at the price they wanted. business acumen is evident in her skillful approach toward Overall, market activity has picked up and property availability inching upward. We presume that sellers the transactional nuances in a residential highrise sale. are preparing for the wave of tech IPO buyers about to enter the market. Let’s discuss how to navigate the From a polished marketing plan to her savvy negotiating current marketplace. Call me today. skills, Robyn delivers positive results and a successful sales transaction for each of her clients. All the best, REAL ESTATE SERVICES WITH Robyn A FOCUS ON SAN FRANCISCO HIGHRISE RESIDENCES South Beach Top Producer 2019 WSJ America’s Best Real Estate Professional • Seller Representation and Property Listing Services Cal BRE# 01074779 • Buyer Representation Real Experience Delivers Real Results! Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented • Residential Leasing and Rental Credit Program herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in Contact Robyn directly at: price, condition, sale, or withdraw without notice. This is not intended to solicit property already listed. 415.497.1798 | [email protected] ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] 3 SFHIGHRISES TABLE OF CONTENTS South Beach Update 6-7 Lumina 8-9 The Infinity 10-11 The Metropolitan 12-13 One Rincon Hill 14-15 The Harrison 16-17 The Lansing 18-19 The Brannan 20-21 The Towers 22-23 Mission Bay Update 24-25 One Mission Bay 26-27 Arden 28-29 Radiance 30-31 Madrone 32-33 Yerba Buena Update 34-35 Four Seasons 36-37 St Regis 38-39 One Hawthorne 40-41 New Condominium Homes For Sale 42-43 New Condominium Highrises In Construction 44-45 Luxury Condominiums Sold By Robyn ($2.5 Million+) 46 What Clients Are Saying 47 4 SOURCE: COMPASS & SFARMLS ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] 5 SOUTH BEACH SOUTH BEACH NEW DEVELOPMENTS MID YEAR REVIEW AND SALES UPDATE South Beach OCEANWIDE CENTER 50 1ST STREET (p.45) THE AVERY New Residential & Stats Commercial Highrise. 420-488 FOLSOM (p.42) $1,435,277 New Residential ETA 2023 Condominium Highrise Average Sales Price 181 FREMONT (p.43) Residential & Commercial Highrise. Offices Leased to $1,285 Facebook / Instagram Average $/Sq. Ft. PARK TOWER 555 HOWARD (p.45) New Offices for 4,000 Residential Facebook Employees Condominiums & Hotel 40 ETA 2022+ Average DOM 500 FOLSOM New Residential 90 $1,240 Apartment Rentals 1 Bedroom Sales 1 Bedroom Average $/Sq. Ft. 112 $1,310 2 Bedroom Sales 2 Bedroom MIRA SF Average $/Sq. Ft. 163 MAIN (p.42) New Residential Condominium Highrise 5 $1,630 ONE STEUART LANE (p.44) 3 Bedroom Sales 3 Bedroom Average $/Sq. Ft. New Waterfront Residential Condominiums 6 SOURCE: COMPASS & SFARMLS ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] 7 LUMINA LUMINA BUILDING SALES TRENDS 318 & 338 Main Street 333 Beale Street 201 Folsom Street Address BD/BA/PK Price Sq. Ft. Date Sold 2019 v. 2018 YOY COMPARISONS 2018 MID YEAR SALES ACTIVITY 338 Main #35C 2/2/1 $3,100,000 1,491 06/24/2019 201 Folsom #31C 2/2/1 $2,360,000 1,495 05/10/2019 12.2% 26 15 201 Folsom #10C 2/2/1 $2,150,000 1,403 04/29/2019 4.1% Average Sales Price Average Price/Sq. Ft. # of Condo Sales # of Active Listings 201 Folsom #10G 2/2/1 $2,090,000 1,401 04/25/2019 338 Main #14G 2/2/1 $1,900,000 1,401 01/16/2019 201 Folsom #10B 2/2/1 $1,525,000 1,189 02/20/2019 338 Main #D33D 1/1/1 $1,450,000 963 05/24/2019 318 Main #5J 1/1/1 $1,225,000 882 06/03/2019 SOLD OVER ASKING DAYS ON MARKET 333 Beale #4C 1/1.5/1 $1,225,000 916 05/01/2019 Q2 2019 Q2 2019 338 Main #9H 1/1/1 $1,175,000 854 05/16/2019 $2,500,000 318 Main #A8G 1/1/1 $1,160,000 852 01/14/2019 201 Folsom #18D 1/1/1 $1,099,000 876 02/13/2019 $2,000,000 338 Main #D6H 1/1/1 $1,068,000 854 04/25/2019 $1,500,000 $1,000,000 $500,000 $0 $1,655,923 13 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Number of Sales Average Sales Price SOLD OVER ASKING PRICE SOLD UNDER 30 DAYS SOLD AT FULL PRICE SOLD BETWEEN 30-60 DAYS $1,446 65 SOLD BELOW ASKING PRICE SOLD OVER 60 DAYS Average $/Sq. Ft. Average DOM 8 SOURCE: COMPASS & SFARMLS ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] 9 THE INFINITY THE INFINITY BUILDING SALES TRENDS 301 & 333 Main Street 318 & 338 Spear Street Address BD/BA/PK Price Sq. Ft. Date Sold 2019 v. 2018 YOY COMPARISONS 2018 MID YEAR SALES ACTIVITY 338 Spear #33F 2/2/1 $2,395,000 1,582 06/07/2019 338 Spear #31A 2/2/1 $2,150,000 1,274 03/25/2019 6.3% 18 12 301 Main #31A 2/2/1 $1,950,000 1,268 05/07/2019 7.1% Average Sales Price Average Price/Sq. Ft. # of Condo Sales # of Active Listings 301 Main #20D 2/2/1 $1,788,000 1,193 04/09/2019 318 Spear #6E 1/1/1 $935,000 846 03/15/2019 301 Main #5F 1/1/1 $899,000 800 03/20/2019 333 Main #6H 0/1/1 $775,000 - 05/17/2019 SOLD OVER ASKING DAYS ON MARKET AVERAGE SALES PRICE Q2 2019 Q2 2019 $1,800,000 $1,350,000 $900,000 $450,000 $0 $1,556,000 7 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Number of Sales Average Sales Price SOLD OVER ASKING PRICE SOLD UNDER 30 DAYS SOLD AT FULL PRICE SOLD BETWEEN 30-60 DAYS $1,411 40 SOLD BELOW ASKING PRICE SOLD OVER 60 DAYS Average $/Sq. Ft. Average DOM 10 10 SOURCE: COMPASS & SFARMLS ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] 11 THE METROPOLITAN THE METROPOLITAN BUILDING SALES TRENDS 333 & 355 1st Street Address BD/BA/PK Price Sq. Ft. Date Sold 2019 v. 2018 YOY COMPARISONS 2018 MID YEAR SALES ACTIVITY 355 1st #2702* 2/2/2 $2,275,000 1,480 07/31/2019 355 1st #2803 2/2/1 $2,112,500 - 03/22/2019 64% 23.4% 4 1 355 1st #2302 2/2/1 $2,093,000 1,481 04/08/2019 Average Sales Price Average Price/Sq. Ft. # of Condo Sales # of Active Listings 355 1st #1607 2/2/1 $1,425,000 1,166 05/15/2019 333 1st #105* 2/2/1 $1,265,000 1,033 07/16/2019 355 1st #609* 2/2/1 $1,261,000 995 03/28/2019 355 1st #2008* 1/1/1 $960,000 757 02/01/2019 333 1st #402 1/1/1 $910,000 713 06/18/2019 SOLD OVER ASKING DAYS ON MARKET AVERAGE SALES PRICE 333 1st #203* 1/1/1 $850,000 688 05/31/2019 Q2 2019 Q2 2019 $1,500,000 $1,200,000 $900,000 $600,000 $300,000 $0 $1,461,278 9 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Number of Sales Average Sales Price SOLD OVER ASKING PRICE SOLD UNDER 30 DAYS SOLD AT FULL PRICE SOLD BETWEEN 30-60 DAYS $1,299 14 SOLD BELOW ASKING PRICE SOLD OVER 60 DAYS Average $/Sq. Ft. Average DOM 12 *Sold By Robyn 12 SOURCE: COMPASS & SFARMLS ROBYN KAUFMAN | sfhighrises.com | 415.497.1798 | [email protected] 13 ONE RINCON HILL ONE RINCON HILL BUILDING SALES TRENDS 425 1st Street 489 Harrison Street Address BD/BA/PK Price Sq. Ft. Date Sold 2019 v. 2018 YOY COMPARISONS 2018 MID YEAR SALES ACTIVITY 425 1st #6001 2/2/1 $3,600,000 1,639 04/08/2019 425 1st #4403 2/2/1 $1,998,000 1,318 05/03/2019 0.3% 11 6 425 1st #3303 2/2/1 $1,850,000 1,278 06/03/2019 5.0% Average Sales Price Average Price/Sq.
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