Robyn Kaufman's Q1 2016 Report

ONE RINCON HILLQuarter 1 2016 ReportTransbay Neighborhoods San Francisco Luxury Condo Residences

ROBYN KAUFMAN

[email protected]

BRE: 01074779

PACIFIC UNION’S #1 SOUTH BEACH AGENT

Rincon | Hill Yerba | Buena South | Beach SoMa | Mission Bay

TRANSBAY QUARTER 1 MARKET REPORT

QUARTER 1 DOWNTOWN SUMMARY

While the San Francisco real estate market remains tilted in favor of sellers, conditions continued to normalize in the first quarter of 2016. Condominiums, for instance, received fewer multiple offers than in quarters past, particularly those at the high end of the market. We also noticed that buyers were entering negotiations with higher expectations; a home not priced properly or one that needed extensive repairs was likely to sit on the market for a while before selling.

Attractive single-family homes priced less than $2 million, however, sold rapidly, while sales in the $2 million to $3 million range began to cool as the quarter wound down. Although a lack of inventory still plagues San Francisco, we did see some relief in the form of more condominium listings. Young, affluent tech workers competing for limited housing continued to push prices up, particularly for entry-level condos.

Looking Forward: Home stagers and inspectors were almost fully booked by the end of the first quarter, a sure sign that sellers are preparing to list their properties in the traditionally busy spring season. We expect that a strong local economy and historically low interest rates will combine for a healthy 2016 for San Francisco’s real estate market.

QUARTER 1 MARKET DATA

TRANSBAY QUARTER 1 MARKET REPORT

$1,250,000 $1,307,500

$1,400,000 $1,300,000

$1,280,000 $1,225,444

$1,155,000

$1,270,000 $1,275,000 $1,201,500 $1,175,000

$1,405,000 $1,355,000

$100,000

$300,000

$500,000

$700,000

$900,000

$1,100,000

$1,300,000

$1,500,000

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16

Source: Terradatum, April 6, 2016. Median sales price for single-family homes in San Francisco.

CONDOMINIUMS

MEDIAN SALES PRICE

108.4%

107.2%

109.3%

108.3%

106.5%

108.2% 109.1%

108.2%

105.7%

102.7% 101.9%

104.9%

104.0%

98%

100%

102%

104%

106%

108%

110%

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16

Source: Terradatum, April 6, 2016. Sales price as % of original price (including adjustments) for condominiums under contract in San Francisco.

CONDOMINIUMS

SALES PRICE AS A PERCENTAGE OF LIST PRICE

QUARTER 1 MARKET DATA

ONE RINCON HILL

SOLDAddress BD/BA/PK SQFT $/SQFT DOM List Price Sale Price % of Sale/

List Price

425 1st St #6003 3/2/1 1,677 $2,206 33 $3,995,000 $3,700,000 92.62%

425 1st St #1902 2/2/1 1,309 $1,673 74 $2,150,000 $2,190,000 99.59%

425 1st St #3206 2/2/1 1,238 $1,453 73 $1,825,000 $1,800,000 101.86%

425 1st St #4905 1/1/1 710 $1,418 128 $1,040,000 $1,007,000 99.21%

AVAILABLEAddress BD/BA/PK SQFT $/SQFT DOM List Price

425 1st St #5803 3/2/1 1,677 $2,324 38 $3,898,000

425 1st St #4402 2/2/1 1,309 $2,253 52 $2,950,000

425 1st St #4202 2/2/1 1,309 $1,906 39 $2,495,000

425 1st St #1402 2/2/1 1,309 $1,600 14 $2,095,000

425 1st St #1903 2/2/1 1,278 $1,408 33 $1,800,000

425 1st St #2708 1/1/1 755 $1,680 81 $1,269,000

425 1st St #4404 1/1/1 605 $1,528 74 $925,000

Robyn Kaufman | 415.497.1798 | [email protected]

Address BD/BA/PK SQFT $/SQFT DOM List Price

425 1st St #2507 1/1/1 819 $1,463.98 5 $1,199,000

ONE RINCON HILL ONE RINCON HILL

Q1 2015 Q2 2016

Average List Price $1,102,000 $2,136,750

Average Sale Price $1,111,667 $2,174,250

Average $/Sq.Ft. $1,410 $1,166

Average DOM 32 54

% of Sale/List Price 100.88% 98.08%

Number of Listings 6 12

Q1 v. Q2 COMPARISON

1BD 2BD 3BD

Average List Price $1,108,250 $2,219,167 $3,946,500

Average $/Sq.Ft. $1,523 $1,715 $2,265

Average DOM 72 48 36

Average Sale Price $1,007,000 $1,995,000 $3,700,000

% of Sale/List Price 99.21% 99.11% 92.62%

Q1 CONDO SALES BY BEDROOM COUNT

www.sfhighrises.com

SOLDAddress BD/BA/PK SQFT $/SQFT DOM List Price Sale Price % Sale/

List Price

301 Main St #17B 2/2/1 1,317 $1,556 9 $2,150,000 $2,050,000 95.35%

338 Spear St #21C 1/1/1 808 $1,887 0 $1,525,000 $1,525,000 100%

333 Main St #8E 0/1/1 568 $1,318 4 $749,000 $749,000 100%

AVAILABLE

Address BD/BA/PK SQFT $/SQFT DOM List Price

301 Main St #37B 3/3.5/2 3,382 $2,363 12 $7,995,000

301 Main St #32E 3/2.5/1 1,679 $1,902 17 $3,195,000

301 Main St #32A 2/2/1 1,268 $2,049 46 $2,599,000

338 Spear St #37F 2/2/1 1,615 $1,482 7 $2,395,000

301 Main St #IT5C 2/2.5/1 1,752 $1,312 21 $2,300,000

301 Main St #22F 2/2/1 1,307 $1,526 49 $1,995,000

301 Main St #26E 2/2/1 1,180 $1,524 45 $1,799,000

301 Main St #18A 2/2/1 1,184 $1,392 47 $1,649,000

338 Spear St #26G 1/1/1 - - 18 $1,350,000

318 Spear St #4C 1/1/1 828 $1,205 26 $998,000


Q1 2015 Q1 2016



Average $/Sq.Ft. $1,543 $1,737.62

Average DOM 45 23



Q1 v. Q2 COMPARISON

1BD 2BD 3BD


Average $/Sq.Ft. $1,546 $1,520 $2,133


Average Sale Price $1,525,000 $2,050,000 na

% of Sale/List Price 100% 95.35% na

Q1 CONDO SALES BY BEDROOM COUNT

www.sfhighrises.com INFINITYINFINITY


List Price

301 Mission St #33C 3/3.5/1 2,170 $1,612 163 $4,995,000 $3,500,000 87.52%

301 Mission St #601 2/2/1 1,955 $1,329 0 $2,759,000 $2,600,000 94.24%

301 Mission St #606 1/2/1 1,633 $1,163 23 $2,199,000 $1,900,000 86.40%


301 Mission St #49B 3/3.5/2 3,315 $2,713 55 $8,995,000

301 Mission St #53C 2/3.5/1 2,819 $2,658 84 $7,495,000

301 Mission St #49A 2/3/1 2,706 $2,658 46 $7,195,000

301 Mission St #704 2/2/1 1,485 $1,545 211 $2,835,000

301 Mission St #27E 2/2/1 1,714 $1,455 25 $2,495,000

301 Mission St #906 1/2/1 1,633 $1,439 88 $2,350,000

301 Mission St #23E 2/2/1 1,136 $1,628 24 $1,850,000

301 Mission St #7C 1/1/0 833 $1,320 47 $1,100,000

Robyn Kaufman | 415.497.1798 | [email protected] TOWER

PENDINGAddress BD/BA/PK SQFT $/SQFT DOM List Price

301 Mission St #31E 2/2/1 1,714 $1,514 260 $3,300,000

301 Mission St #38B 2/2/1 1,652 $1,752 64 $2,895,000

MILLENNIUM TOWER

Q1 2015 Q1 2016



Average $/Sq.Ft. $1,641 $1,753

Average DOM 57 84



Q1 v. Q2 COMPARISON

1BD 2BD 3BD


Average $/Sq.Ft. $1,307 $1,817 $2,163


Average Sale Price $1,900,000 $2,600,000 $3,500,000

% of Sale/List Price 86.40% 94.24% 87.52%

CONDO SALES BY BEDROOM COUNT

www.sfhighrises.comMILLENNIUM TOWER


List Price

355 1st St #1702 2/2/1 1,166 $1,346 28 $1,548,000 $1,570,000 101.42%

355 1st St #1503 1/1/1 795 $1,414 56 $1,150,000 $1,124,500 97.78%

355 1st St #1703 1/1/1 795 $1,245 4 $990,000 $990,000 100%

333 1st St #1405 1/1/1 709 $1,269 123 $899,000 $900,000 100.11%

333 1st St #1702 1/1/1 713 $1,248 15 $875,000 $890,000 101.71%

355 1st St #S208 0/1/1 432 $1,284 17 $529,000 $555,000 104.91%


355 1st St #2201 2/2/1 1,408 $1,384 45 $1,950,000

333 1st St #1801 2/2/1 0 10 $1,399,000

Robyn Kaufman | 415.497.1798 | [email protected] METROPOLITAN

THE METROPOLITAN

Q1 2015 Q1 2016



Average $/Sq.Ft. - $1,313

Average DOM 29 37



Q1 v. Q2 COMPARISON

1BD 2BD

Average List Price $978,500 $1,632,333

Average $/Sq.Ft. $1,294 $1,365

Average DOM 50 28

Average Sale Price $976,125 $1,570,000



www.sfhighrises.comTHE METROPOLITAN

Robyn sold our condo at The Metropolitan. In this market, we wanted a tenacious agent that gave our property a lot attention. Robyn was on her game 24/7. She lives in the neighborhood and is an expert in the marketplace. I highly recommend Robyn to everyone!

-V. Agnost


List Price

400 Beale St #2303 2/2/1 1,074 $1,629 6 $1,575,000 $1,750,000 111.11%

403 Main St #518N 2/2/1 1,118 $1,265 0 $1,395,000 $1,415,000 101.43%

403 Main St #820N 2/2/1 1,083 $1,292 0 $1,400,000 $1,400,000 100%

400 Beale St #1310 1/1/1 - - 13 $725,000 $762,000 105.10%

403 Main St #114N 1/1/1 473 $1,321 53 $625,000 $625,000 100%


400 Beale St #2006 2/1.5/1 1,215 $1,028 17 $1,250,000

400 Spear St #203 1/1/1 955 $1,046 74 $1,098,250

403 Main St #206N 1/1/1 910 $943 17 $859,000

400 Beale St #1010 1/1/1 669 $1,061 18 $710,000


BRIDGEVIEW

Q1 2015 Q1 2016



Average $/Sq.Ft. $1,410 $1,198

Average DOM 32 24



Q1 v. Q2 COMPARISON

1BD 2BD

Average List Price $803,450 $1,405,000

Average $/Sq.Ft. $1,093 $1,304

Average DOM 35 6

Average Sale Price $693,500 $1,521,667



www.sfhighrises.comBRIDGEVIEW

SOLDAddress BD/BA/PK DOM List Price Sale Price % of Sale/

List Price

318 Main St #7K 2/2/1 28 $1,978,000 $1,978,000 100%

333 Beale St #2C 1/1/1 39 $1,095,000 $1,095,000 100%

333 Beale St #7A 1/1/1 84 $1,095,000 $1,095,000 100%

AVAILABLEAddress BD/BA/PK DOM List Price

338 Main St #19F 2/2/1 18 $1,745,000

333 Beale St #2B 1/2/1 55 $1,245,000

1BD 2BD


Average DOM 62 31


% of Sale/List Price 100% 100%



PENDINGAddress BD/BA/PK DOM List Price

338 Main St #25A 2/2/1 60 $2,460,000

338 Main St #7A 2/2/1 16 $1,650,000

NEW DEVELOPMENTSwww.sfhighrises.comLUMINA

New construction will make up a bulk of

the housing inventory in the Transbay

neighborhoods. Thinking of buying a new,

never lived-in condo residence? I have insider

knowledge in the new home communities:

LUMINA South Beach

THE HARRISON Rincon Hill

ARDEN Mission Bay

181 FREMONT Yerba Buena

1 MISSION BAY Mission Bay

THE ROCKWELL SF Pacific Heights

THE ARTANI Lower Pacific Heights

NEW CONSTRUCTION LISTED BY ROBYN

LUMINA Unit 2G ARDEN Unit 109

ARDEN Unit 806 ARDEN Unit 213


List Price

THE BRANNAN

229 Brannan St #6A 2/2/1 1,486 $1,393 17 $2,095,000 $2,070,000 98.81%

219 Brannan St #16A 1/1.5/1 808 $1,435 35 $1,200,000 $1,160,000 96.67%

BRANNAN TOWERS

229 Brannan St #2G 1/1.5/1 - - 42 $1,149,000 $1,150,000 100.09%

219 Brannan St #3C 1/1.5/1 899 $1,189 27 $1,089,000 $1,069,000 98.16%

THE WATERMARK

501 Beale St #16E 1/1/1 759 $1,152 29 $799,000 $875,000 109.51%

SOUTH BEACH LISTINGS


THE BRANNAN

239 Brannan St #17D 2/2/2 1235f $1,700 144 $2,100,000

THE LANSING

50 Lansing St #411 1/1.5/1 684 $1,093 33 $748,000

YERBA BUENA LISTINGSSOUTH BEACH LISTINGS


List Price

FOUR SEASONS

765 Market St #24A 3/3/1 2,677 $1,774 32 $5,250,000 $4,750,000 90.48%

ONE HAWTHORNE

1 Hawthorne St #11C 2/2/1 1,321 $1,249 116 $1,750,000 $1,650,000 101.54%


FOUR SEASONS

765 Market St #23AB 4/4.5/2 3,594 $1,940 55 $6,975,000

765 Market St #36G 2/2.5/1 1,747 $2,220 86 $3,880,000

765 Market St #22C 1/1/0 - - 87 $1,399,000

ONE HAWTHORNE

1 Hawthorne St #PH25C 3/2.5/2 1,995 $2,152 39 $4,295,000

1 Hawthorne St #11A 1/1/1 915 $1,120 31 $1,095,000

RITZ CARLTON

690 Market St #1601 2/2/1 1,382 $1,298 64 $1,795,000

SF BLU

631 Folsom St #14C 2/2/1 1,054 $1,279 10 $1,349,000

Quarter 1 2016 Report San Francisco Luxury Condo Residences

ROBYN KAUFMANPacific Union’s #1 South Beach agent

[email protected]

www.SFHighRises.comLicense #00994893

San Francisco Headquarters | 1699 Van Ness Avenue | San Francisco, CA 94109

The information contained herein has been provided by various sources which may include the seller, public records, multiple listing service, or others. Pacific Union has not investigated or verified the accuracy of this information. Prospective buyers are advised to conduct their own

investigation of the property and the information contained herein, utiliizing licensed professionalsl where appropriate.

Robyn Kaufman's Q1 2016 Report

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