SAN FRANCISCO RESIDENTIAL...

SAN FRANCISCO

JANUARY 2016

RESIDENTIAL DEVELOPMENT

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ABOUTVanguard Properties expertly guides low- to high-density residential developers. Core consulting services include Research, Land Acquisition, Design, Branding, Promotion, Sales Strategy and Risk Management. From concept to close-out, Vanguard leads the way to successful development. For a list of developments, visit VanguardSF.com

For Developer Services, contact:

FRANK NOLAN JAMES NUNEMACHER

VP, Director of Development Co-founder & Principal

415.377.3726 415.519.7772

[email protected] [email protected]

BRE License No. 01300017 BRE License No. 00913606

For additional market reporting, contact:

JONATHAN MOFTAKHAR

Market Analyst

415.920.3731

[email protected]

BRE License No. 01442709

VANGUARD PROPERTIES REPORT DISCLAIMER

Data sources for this Report include but are not limited to SFAR MLS, the San Francisco Planning Department, development mar-keting websites and industry news/information outlets. The information in this Report is subject to errors, as it is compiled from multiple sources, with varying degrees of accuracy and currency. This Report should not be reproduced or distributed, in whole or in part, without the prior written consent of Vanguard Properties. The statements in this Report, which are not historical facts, are projections or estimates based on Vanguard Properties’ opinions and expectations of future market performance. Although the information presented is believed to be correct, no representation is made by Vanguard Properties as to the accuracy or complete-ness of the information. The information presented may be subject to updating, revision or verification, and such information may change in a material nature. This is not an offer to rent or sell property, and is intended for information purposes only. This Report should not be relied upon or utilized in making investment decisions. ©2015 Vanguard Properties, All rights reserved.

S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T AU G U S T 2 015P G . 5

CURRENTLY SELLING

Unit Type Number of Units Size Range

1 - Bedroom 9 902 - 918 SqFt

2 - Bedroom 11 1,112 - 1,697 SqFt

3 - Bedroom 14 1,607 - 2,014 SqFt

UNIT MIX

Luxe

1650 Broadway at Van Ness | Pacific HeightsStatus: 34 units available/0 in-contract/0 closed

Pre-sale: August 2015 Closings anticipated: Q1 2016

Project info: 34 units, 7-stories, 34 parking spaces

Developer: Belrich Partners

Architect: Forum Design

Interior Design: Edmonds + Lee

Features & Finishes: Marble tile and zinc facade, Floor-to-ceiling windows, Bay and Golden Gate views, Studio Becker Cabinetry, Mobile kitchen islands, Caesarstone countertops, Subzero refrigerators, Thermador ap-pliances, Uline wine coolers, Duravit and Hansgrohe fixtures, Victoria + Albert limestone soaking tubs, Frameless glass showers; Penthouses only: Gas fire-places, Walk-in pantries and closets, Calacatta marble, Custom millwork

Amenities: Lounge, Two-story lobby

Website: Luxe-SF.com

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MARKET PERFORMANCEMedian $/SqFt Currently Year-Over-Year Month-Over-Month

New Condominium $1,218/SqFt + 15% + 2%

Resale Condominium $1,042/SqFt + 11% + 2%

New Apartment $5.10/SqFt + 7% N/A

NEW CONDOMINIUM PRICING & VOLUME

RESALE CONDOMINIUM PRICING & VOLUME

NEW APARTMENT PRICING & OCCUPANCY

Most Recent Quarter

Median: $1,000,000

Units Closed: 52

Units Available: 758*

Most Recent Quarter

Median: $1,111,250

Units Closed: 560

Months Supply Inventory: 1

Most Recent Quarter

Average: $3,875

Occupancy: 91%

* As of September 2015; Restricted by phased marketing releases

88.0%

89.0%

90.0%

91.0%

92.0%

93.0%

94.0%

95.0%

$2,900$3,000$3,100$3,200$3,300$3,400$3,500$3,600$3,700$3,800$3,900$4,000

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

Occ

upan

cy

Ave

rag

e P

rice

Average Price & Occupancy

Average Price Occupancy

020406080100120140160180

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

Num

ber

Clo

sed

Med

ian

Sale

Pri

ce

Median Price & Closing Volume

Median Sale Price # Closings

$850,000

$900,000

$950,000

$1,000,000

$1,050,000

$1,100,000

$1,150,000

0

100

200

300

400

500

600

700

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015


Number Closed Median Sale Price

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NEWS AND HIGHLIGHTS

CURRENTLY SELLING...

Nearly half of Shipyard’s second phase is under contract. Price per square foot is averaging approximately $760. The first phase averaged approximately $660 per square foot.

Less than 100 units remain available at The Rockwell. Current absorption surpasses 30 units a month.

Sales are expected to commence this month at the second phase of Onyx, consisting of 21 condominiums.

Closings have commenced at Lumina’s Plaza A. Price per square foot is averaging approximately $1,500.

CITY PLANNING... AFFORDABLE HOUSING BONUS PROGRAM

What is the Affordable Housing Bonus Program (AHBP)? This new City Program aims to increase the supply of affordable housing, by increasing allowable residential density and height limits.

How does it work? Developers who provide 30 percent (or greater) affordable units will be relieved of density limits, and be allowed to build two additional residential stories. The affordable units would be broken down into two categories:

12% low income (55% of area median income for rental; 90% for ownership)

18% moderate income (120% of area median income for rental; 140% for ownership)

The development would also be required to offer at least 40 percent two-bedroom units. Developments which contain 100 percent affordable units would be offered the same relief from density limits, and up to three additional residential stories.

There is also an alternate State mandated Bonus Program, which allows for greater density and heights on a graduated basis, depending on the number and type of BMR units provided.

Where does it apply? The Program applies to residential mixed-use districts. The program does not apply for RH-1 or RH-2 (one- and two-family house) zoning districts, which account for over 70% of the City.

What are next steps? The City aims to have Program legislation enacted by year’s end. For full program details, visit SF-Planning.org.

PROPOSED...

131 Group Housing untis have been proposed for 1798 Bryant Street at 17th. The 7-story project will offer a shared kitchen as amenity space.

36 Group Housing units have been proposed for 45 Dore Street in Western SOMA. The project has not proposed any car parking, and will include a communal living space.

A six-story building has been proposed for 1075 Folsom Street at 7th. The project consists of 34 units, 15 car spaces and 40 bicycle spaces.

Panoramic Interests has proposed two five-story buildings at 333 12th Street at Folsom. 182 units have been proposed, along with 182 bicycle spaces and no car parking.

77 units have been proposed for 552 Brannan Street at 4th. The Project proposes 34 car spaces and 80 bicycle spaces.

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RESIDENTIAL SUPPLY

The spike in apartment supply in Q1 2016 reflects the anticipation of 1,300 new units being released, mostly located in large Developments South of Market. Condominium supply continues to be minimal, as few developments have broken ground in recent months. However, there are over 16,000 approved condominiums in the Pipeline, and supply is poised to increase dramatically. Lately, there has been less upward pressure on new apartment pricing, as compared to new condominium pricing. This is likely due to far greater production of apartments. However, with development timelines running one to two years between groundbreaking and completion, any anticipated condominium supply would come some years later. New condominium inventory is currently running eight percent lower month-over-month.

PROJECTED SUPPLY

HISTORICAL SUPPLY

Affordable units accounted for 21% of production in 2014. 63% of affordable units produced were targeted towards households earning 80% of area median income (AMI).

888 817 879

438208

84 23

1,130 1,195

1,926

1,302

312241

1,323

0

500

1,000

1,500

2,000

2,500

Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017

Uni

ts

Pro jec ted Supp ly

New Condominiums New Apartments

532

909 906 9091,225

1,8591,619

2,260

2,730

1,7801,8721,675

2,197

3,019

3,366

1,082

348

794

2,330

3,454

2,141

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

New

Uni

ts P

rod

uced

H i s t o r i c a l S u p p l y

* Year-to-date

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C L I C K TO R E T U R N TO T H E N AV I G AT I O N PAG E

MISSION@1875

1875 Mission Street at 15th | MissionStatus: Average $/SqFt: $1,055

Date on market: October 2014

Developer: M1875 LLC

Project info: 39 units, 4-stories, 6 BMRs, 24 parking spaces, Monthly HOA fee: $400 - $520

Amenities: Rooftop pool, dog run

Finishes: Ann Sacks/Porcelanosa tile, hardwood floors, Blanco faucets, Bertazzoni microwaves/ranges, Leibherr refrigerators, brass entry doors, Heath Ceramics house numbers, radiant heated floors

Website: M1875.com

CLOSING DETAILS

Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date

109 2/2 1,272 $560 1 $1,200,000 $943 8/28/2015

410 2/1 779 $420 1 $945,000 $1,213 8/3/2015

404 2/1 750 $412 1 $935,000 $1,247 7/28/2015

311 1/1 777 $419 0 $729,000 $938 6/23/2015

310 1/1 779 $419 0 $739,000 $949 6/5/2015

411 2/1 778 $420 1 $950,000 $1,221 6/5/2015

308 0/1 623 $376 0 $675,000 $1,083 5/14/2015

208 0/1 626 $363 0 $625,000 $998 5/11/2015

312 2/1 805 $410 1 $910,000 $1,130 4/24/2015

210 1/1 779 $420 1 $780,000 $1,001 4/23/2015

412 2/1 801 $426 1 $980,000 $1,223 4/22/2015

204 1/1 752 $451 1 $740,000 $984 4/21/2015

203 1/1 754 $421 1 $754,000 $1,000 4/17/2015

209 1/1 800 $426 1 $765,000 $956 4/17/2015

406 2/1 631 $377 1 $700,000 $1,109 4/14/2015

403 2/1 752 $409 1 $920,000 $1,223 4/1/2015

106 0/1 619 $400 0 $560,000 $905 3/31/2015

202 1/1 772 $418 1 $754,000 $977 3/16/2015

305 2/1 780 $403 1 $905,000 $1,160 3/10/2015

107 0/1 633 $378 0 $575,000 $908 3/6/2015

407 0/1 645 $368 0 $650,000 $1,008 3/6/2015

108 0/1 620 $360 0 $589,000 $950 2/27/2015

206 0/1 626 $360 0 $619,000 $989 2/27/2015

211 1/1 799 $426 1 $775,000 $970 2/27/2015

309 1/1 804 $402 1 $899,000 $1,118 2/27/2015

306 0/1 620 $378 0 $650,000 $1,048 2/25/2015

304 1/1 751 $412 1 $901,200 $1,200 2/20/2015


Studio 10 620 SqFt

1 - Bedroom 13 780 - 795 SqFt

2 - Bedroom 16 628 - 1,272 SqFt

UNIT MIX

p. 3

REPORT NOTESWhile the Report focuses on condo-miniums, select information on apart-ments has been presented as well. The most recent available data has been used, with data from December 2014/2015 used for comparisons and statistics. Below Market Rate (BMR) and senior housing units have been omitted from closings and statistics where possible. Note that it can take a few months before unit closings appear in the public records. Absorp-tion is measured from the start of sales until the current period. The Report covers developments with over four units.

NAVIGATION

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Development Developer / Owner Area Units Sales Commence

2655 Bush Street at Divisadero KB Home Lower Pac Heights 81 Q4 2015

1001 17th Street at Pennsylvania 1001 17th Street Associates Potrero Hill 26 Q4 2015

1868 Van Ness Avenue at Sacramento N/A Van Ness Corridor 35 Q4 2015

450 Hayes Street at Gough DDG/DM Hayes Valley 41 Q4 2015

Pacific - 2155 Webster Street at Sacramento Trumark Urban Pacific Heights 76 Q1/Q2 2016

1450 Franklin Street at Bush Village Properties Western Addition 67 Q1 2016

One Rincon Hill II - 401 Harrison Street Rockpoint/Maximus Rincon Hill 298 Q1 2016

3420 18th Street at San Carlos N/A Mission 16 Q1 2016

1050 Valencia Street at Hill N/A Mission 12 Q1 2016

388 Fulton Street at Franklin 7x7 Development Hayes Valley 61 Q1 2016

Rowan - 346 Potrero Avenue at 16th Trumark Urban Potrero Hill 70 Q1 2016

580 Hayes Street at Laguna Laguna Hayes LLC Hayes Valley 29 Q1 2016

One Mission Bay - 1000 Channel Street at 3rd CIM Group Mission Bay 350 Q1 2016

1 Franklin Street at Market JS Sullivan Hayes Valley 35 Q2 2016

181 Fremont Street at Howard Jay Paul Company Transbay 67 Q2 2016

832 Sutter Street at Jones N/A Lower Nob Hill 20 Q2 2016

Knox - 645 Texas Street at 22nd Trumark Urban Potrero Hill 91 Q3 2016

Tower at Nob Hill - 1545 Pine Street at Van Ness Pacific Eagle Holdings Nob Hill 103 Q3 2016

5800 Third Street - Phase II Holliday Development Bayview 136 Q4 2016

1450 15th Street at Shotwell 10 South Shore LLC Mission 23 Q4 2016

690 Page Street at Steiner Page Steiner Associates Lower Haight 12 Q4 2016

1001 17th

1 franklin

the pacific

p. 33

S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U LY 2 015PG.29

Approved, Under Review and ConceptualArea Approved Under Review Conceptual

Bayview/Hunters Point/Candlestick Point 12,771 499 3,780

Dogpatch 2,360 907 0

Hayes Valley 116 170 24

Mid-Market 32 2,590 0

Mission 141 1,559 134

Mission Bay 520 1,500 0

Northern Neighborhoods 132 1,663 0

Potrero Hill 131 1,019 323

South of Market 1,560 5,037 1,188

Southern Neighborhoods 1,704 1,201 334

Transbay 949 784 0

Treasure Island 8,619 0 0

Upper Market 24 222 0

Van Ness Corridor 0 1,485 0

Western Neighborhoods 9,007 574 750

Total 38,066 19,210 6,533

NOTES:

The category, Under Construction - Condominiums, does not include developments which are pre-selling units. These developments are categorized as Currently Selling.

Northern Neighborhoods covers Cathedral Hill, Western Addition, Pacific Heights, Nob Hill, Lower Nob Hill, Financial District, Russian Hill, Telegraph Hill, North Beach & Marina/Cow Hollow.

Southern Neighborhoods covers Oceanview, Glen Park, Outer Mission, Mission Terrace, Visitacion Valley.

Western Neighborhoods covers Park Merced, Parkside, Forest Knolls, Richmond, Sunset, Laurel Heights.

PIPELINE SUMMARY

Under Construction (by product type)Area Condominiums Apartments All

Dogpatch 0 259 259


Mid-Market 0 143 143

Mission 12 0 12

Mission Bay 0 574 574

Northern Neighborhoods 279 0 279

Potrero Hill 213 453 666

South of Market 0 3,165 3,165

Transbay 67 472 539


Van Ness Corridor 34 0 34

Totals 771 5,433 6,204

p. 35

p. 36 p. 37

NEWS &HIGHLIGHTS

MARKETPERFORMANCE

CURRENTLYSELLING

SOLD-OUT & RESALE

UPCOMINGDEVELOPMENTS

PIPELINESUMMARY

PROJECTEDSUPPLY

ABOUT &DISCLAIMER

Click development to be taken directly to page

1001 17TH 400 GROVE 6 MINT 72 TOWNSEND DISTRICT FULTON 555 ONYX II ROCKWELL SAPPHIRE SHIPYARD II SUMMIT 800 LUMINA LUXE

ARDEN INDIA COVE LOFTS INFINITY MADRONE MILLENNIUM MISSION@1875 ONE HAWTHORNE ONE RINCON HILL SHIPYARD I THE HAYES

TOWNHOMES ON TENNESSEE V20 VIDA

Click development to be taken directly to page

Click page numbers to be taken directly to page



NEWS AND HIGHLIGHTS

Twelve units are in-contract at 1001 Seventeenth in Potrero Hill.

A nearly complete inventory list has been made available for Luxe in Pacific

Heights.

Closing data has been released for Onyx II in Potrero Hill, and pricing averages $1,300/SqFt.

Closing data has been released for Arden in Mission Bay, and pricing averages $1,010/SqFt for the initial closings.

It is projected that there will be over 1,400 new condominiums and nearly 3,000 new apartments available in the First Quarter.

More closing data has been released for Lumina’s Plaza A & C, and price per

square foot averages $1,200 for these initial closings.

Sales have commenced at The District in Lower Pac Heights. Initial pricing averages $1,265/

SqFt.



MARKET PERFORMANCEMedian $/SqFt Currently Year-Over-Year Month-Over-Month

New Condominium $1,239/SqFt + 12% - 1%

Resale Condominium $970/SqFt + 7% - 6%

New Apartment $5.25/SqFt + 5% N/A

NEW CONDOMINIUM PRICING & VOLUME

RESALE CONDOMINIUM PRICING & VOLUME

NEW APARTMENT PRICING & OCCUPANCY

Most Recent Quarter

Median: $1,290,000

Units Closed: 147


Most Recent Quarter

Median: $1,100,000

Units Closed: 562


Most Recent Quarter

Average: $4,010

Occupancy: 90%

* As of January 2016

*As of January 2016

$850,000

$900,000

$950,000

$1,000,000

$1,050,000

$1,100,000

$1,150,000

0100200300400500600700800

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015



$0

$1,000

$2,000

$3,000

$4,000

$5,000

85.0%

87.0%

89.0%

91.0%

93.0%

95.0%

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015

Average Price & Occupancy

Occupancy Average Price

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

020406080

100120140160180

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015





THE DISTRICT

2655 Bush Street at Divisadero | Lower Pac HeightsStatus: 75 units available/6 in-contract/0 closedProject specs: 81 units, 6-stories, 86 parking spaces, 4,500 SqFt retailDate on market: January 2016Developer: KB SignatureArchitect: KTGYAmenities: Lounge, Full-time lobby attendant, Roof terraceWebsite: SFTheDistrict.comSales Center: 2505 Bush Street

DEVELOPMENT SNAPSHOT Currently Selling

SAMPLE LISTINGS

Unit Number Type SqFt Parking List Price $/SqFt

116 1/1 575 1 $677,225 $1,178

209 1/1 591 1 $743,400 $1,258

114 1/1 666 1 $881,100 $1,323

409 1/1 746 1 $1,042,580 $1,398

123 1/1.5 793 1 $923,800 $1,165

310 1/1 + Den 824 1 $1,037,825 $1,259

412 2/2 971 1 $1,355,560 $1,396

111 1/1.5 980 1 $1,168,275 $1,192

115 1/1.5 980 1 $1,169,150 $1,193

321 2/2 1,080 1 $1,382,325 $1,280

131 2/2 1,115 1 $1,422,575 $1,276

203 2/2 1,164 1 $1,457,400 $1,252

https://www.google.com/maps/place/2655+Bush+St,+San+Francisco,+CA+94115/data=!4m2!3m1!1s0x808580c98cadbd3d:0x4a389723e8f50b98?sa=X&ved=0ahUKEwi58ojmvqrKAhWJVz4KHZQDD60Q8gEIGzAA

http://SFTheDistrict.com



1001 SEVENTEENTH1001 17th Street at Pennsylvania | Potrero HillStatus: 14 units available (5 BMRs)/12 in-contract/0 closedProject specs: 26 units, 4-stories, 9 parking spaces, HOA: $408 - $572Date on market: November 2015Closings anticipated: January 2016Developer: 1001 17th Street Associates Architect: Jonathan Pearlman - Elevation ArchitectsFeatures & Finishes: Bosch kitchen appliances, Gro-he and Hansgrohe faucets, Duravit sinks and soaking tubs, American wide-plank oak floors with radiant heat, Miranda Woodworks cabinetry, Cat5 wiring, Webpass Internet, Flos and Sonneman lighting fix-tures, Italian Porcelain, PentalQuartz counter tops, Fresh-air ventilation Amenities: Bicycle parking, Courtyard, Video intercomWebsite: 1001PH.com


Unit Type Number of Units

Studio 3

1 - Bedroom 13

2 - Bedroom 10

UNIT MIX

SAMPLE LISTINGS

Unit Number Type HOA $ Parking List Price

203 1/1 $422 0 $680,000

308 2/2 $501 1 $1,050,000

206 0/1 $408 0 $625,000

303 1/1 $422 0 $699,000

204 2/2 $542 1 $1,095,000

307 2/2 $551 1 $1,099,000

201 1/1 $422 0 $699,000

301 1/1 $446 0 $730,000

https://www.google.com/maps/place/1001+17th+St,+San+Francisco,+CA+94107/@37.765025,-122.3963197,17z/data=!3m1!4b1!4m2!3m1!1s0x808f7fc93770fac5:0x6736223ef9176d8b

http://1001ph.com/





Studio/Jr. 1-Bedroom 16 650 - 870 SqFt

1 - Bedroom 200 850 - 1,400 SqFt

2 - Bedroom 373 1,180 - 1,600 SqFt

3 - Bedroom 67 1,700 - 2,650 SqFt

Penthouse (options) - 8,000 - 15,000 SqFt

LUMINA

201 Folsom Street at Beale | South BeachStatus: 156 units available/350 in-contract/150 closed, Ap-proximate $/SqFt: $1,475, Approximate absorption: 34 units/monthProject info: 656 units, one 42-story tower, one 37-story tower, two 8-story podiumsDeveloper: Tishman Speyer (China Vanke – equity partner) Architect: Arquitectonica (towers) and Heller Manus (podi-ums/”Plazas”)Date on market: September 2014 Closings: Plaza A - Sep-tember 2015, Plaza C - November 2015, Tower B - January 2016, Tower D - June 2016 Amenities: 10,500 SqFt rooftop with vegetable garden/din-ing/fire pits/movie screening, 7,000 SqFt fitness center with yoga studio/aerobics room/20-foot climbing wall, lounge with fireplace/bar, private dining room with chef’s kitchen/prep kitchen/fireplace/outdoor terrace, screening room with tiered seating for thirty/surround sound, 75-foot lap pool, library with WIFI, 2,000 SqFt spa with treatment room/day lockers/steam room/sauna, children’s room, music practice room, pet grooming station, on-site gourmet grocerFeatures & Finishes: 9’ to 10’10” ceilings, Bay views, Gag-genau ovens/cook tops, Bosch refrigerators/dishwashers, Caesarstone quartz counter tops/backsplash, SieMatic cab-inetry, marble vanity counter tops, porcelain tile bathroom floors/shower walls, Nest ThermostatsSales office: 289 Main Street Website: LuminaSF.com

UNIT MIX

LUMINA CLOSINGS ON FOLLOWING PAGES...

http://LuminaSF.com




CLOSING DETAILS - LUMINA PLAZA A

Unit Type SqFt HOA $ Parking Closing Price $/SqFt Sale Date

318 Main 8I 1/1.5 938 $987 1 $1,375,000 $1,466 12/15/2015318 Main 8F 3/3 1,797 $1,537 1 $3,295,000 $1,834 11/19/2015318 Main 2A 2/2 1,418 $1,182 1 $1,495,000 $1,054 8/17/2015318 Main 2B 1/1.5 1,044 $997 1 $1,064,500 $1,020 8/17/2015318 Main 2D 1/2 1,098 $1,024 1 $1,175,000 $1,070 8/17/2015318 Main 2E 3/3 1,973 $1,457 1 $2,395,000 $1,214 8/17/2015318 Main 3B 2/2 1,398 $1,172 1 $1,595,000 $1,141 8/17/2015318 Main 3D 1/2 1,104 $1,027 1 $1,225,000 $1,110 8/17/2015318 Main 3E 1/2 1,098 $1,024 1 $1,312,000 $1,195 8/17/2015318 Main 3F 3/3 1,979 $1,459 1 $2,400,500 $1,213 8/17/2015318 Main 3G 1/2 1,087 $1,019 1 $1,032,500 $950 8/17/2015318 Main 3H 2/2 1,434 $1,190 1 $1,775,000 $1,238 8/17/2015318 Main 3I 1/1.5 1,000 $976 1 $1,164,000 $1,164 8/17/2015318 Main 3J 1/1.5 + Den 882 $917 1 $1,101,000 $1,248 8/17/2015318 Main 3K 2/2 1,520 $1,233 1 $1,925,000 $1,266 8/17/2015318 Main 4A 0/1 665 $810 1 $726,000 $1,092 8/17/2015318 Main 4B 2/2 1,398 $1,172 1 $1,632,500 $1,168 8/17/2015318 Main 4C 1/1.5 1,044 $997 1 $1,055,000 $1,011 8/17/2015318 Main 4D 1/2 1,104 $1,027 1 $1,179,000 $1,068 8/17/2015318 Main 4E 1/2 1,098 $1,024 1 $1,152,000 $1,049 8/17/2015318 Main 4F 3/3 1,979 $1,460 1 $2,431,000 $1,228 8/17/2015318 Main 4G 1/2 1,087 $1,019 1 $1,051,000 $967 8/17/2015318 Main 4H 2/2 1,434 $1,190 1 $1,595,000 $1,112 8/17/2015318 Main 4I 1/1.5 1,000 $976 1 $975,000 $975 8/17/2015318 Main 4J 1/1.5 882 $917 1 $889,000 $1,008 8/17/2015318 Main 4K 2/2 1,520 $1,233 1 $1,550,000 $1,020 8/17/2015318 Main 5A 0/1 665 $810 1 $733,000 $1,102 8/17/2015318 Main 5B 2/2 1,398 $1,172 1 $1,600,500 $1,145 8/17/2015318 Main 5C 1/1.5 1,044 $997 1 $1,218,500 $1,167 8/17/2015318 Main 5D 1/2 1,104 $1,027 1 $1,168,000 $1,058 8/17/2015318 Main 5E 1/2 1,098 $1,024 1 $1,220,000 $1,111 8/17/2015318 Main 5F 3/3 1,979 $1,460 1 $2,531,000 $1,279 8/17/2015318 Main 5G 1/2 1,087 $1,019 1 $1,076,000 $990 8/17/2015318 Main 5H 2/2 1,434 $1,190 1 $1,467,500 $1,023 8/17/2015318 Main 5I 1/1.5 1,000 $976 1 $965,500 $966 8/17/2015318 Main 5J 1/1.5 882 $917 1 $925,000 $1,049 8/17/2015318 Main 5K 2/2 1,520 $1,233 1 $1,756,500 $1,156 8/17/2015318 Main 6B 2/2 1,398 $1,172 1 $1,654,000 $1,183 8/17/2015318 Main 6C 1/1.5 1,044 $997 1 $1,177,500 $1,128 8/17/2015318 Main 6D 1/2 1,104 $1,027 1 $1,222,500 $1,107 8/17/2015318 Main 6E 1/2 1,098 $1,024 1 $1,200,000 $1,093 8/17/2015318 Main 6F 3/3 1,979 $1,460 1 $2,700,000 $1,364 8/17/2015318 Main 6G 1/2 1,087 $1,019 1 $1,125,000 $1,035 8/17/2015318 Main 6H 2/2 1,434 $1,190 1 $1,575,000 $1,098 8/17/2015318 Main 6I 1/1.5 1,000 $976 1 $1,050,000 $1,050 8/17/2015318 Main 6J 1/1.5 882 $917 1 $908,500 $1,030 8/17/2015318 Main 6K 2/2 1,520 $1,233 1 $1,590,000 $1,046 8/17/2015318 Main 7B 2/2 1,205 $1,077 1 $1,625,000 $1,349 8/17/2015318 Main 7C 1/1.5 + Den 883 $917 1 $1,195,000 $1,353 8/17/2015318 Main 7D 1/2 947 $950 1 $1,275,000 $1,346 8/17/2015318 Main 7F 3/3 1,797 $1,369 1 $2,675,000 $1,489 8/17/2015318 Main 7G 1/1 + Den 852 $902 1 $1,150,000 $1,350 8/17/2015318 Main 7H 2/2 1,286 $1,117 1 $1,655,100 $1,287 8/17/2015318 Main 7J 1/1.5 882 $918 1 $1,095,000 $1,241 8/17/2015318 Main 8A 0/1 665 $810 1 $847,000 $1,274 8/17/2015318 Main 8B 2/2 1,205 $1,077 1 $1,795,100 $1,490 8/17/2015318 Main 8D 1/2 947 $949 1 $1,475,000 $1,558 8/17/2015318 Main 8E 1/1.5 941 $947 1 $1,277,000 $1,357 8/17/2015318 Main 8H 2/2 1,286 $1,117 1 $1,825,000 $1,419 8/17/2015318 Main 8K 2/2 1,520 $1,233 1 $1,730,000 $1,138 8/17/2015




CLOSING DETAILS - LUMINA PLAZA C


333 Beale 2C 1/1 + Den 927 $1,000 1 $1,095,000 $1,181 1/4/2016333 Beale 2G 1/2 + Den 1,013 $1,020 1 $1,295,000 $1,278 12/29/2015333 Beale 3B 2/2 1,198 $1,083 1 $1,656,500 $1,383 10/23/2015333 Beale 3C 1/1.5 + Den 916 $977 1 $1,297,000 $1,416 10/23/2015333 Beale 3D 1/2 1,033 $1,021 1 $1,350,000 $1,307 10/23/2015333 Beale 3E 2/2 1,630 $1,247 1 $1,850,000 $1,135 10/23/2015333 Beale 3F 0/1 920 $978 1 $900,000 $978 10/23/2015333 Beale 3G 2/2 1,553 $1,218 1 $1,775,000 $1,143 10/23/2015333 Beale 3H 1/2 + Den 1,110 $1,050 1 $1,295,500 $1,167 10/23/2015333 Beale 3I 1/2 1,114 $1,052 1 $1,275,000 $1,145 10/23/2015333 Beale 3J 1/2 1,119 $1,054 1 $1,295,000 $1,157 10/23/2015333 Beale 3K 2/2 + Den 1,487 $1,193 1 $1,895,000 $1,274 10/23/2015333 Beale 4B 2/2 1,198 $1,083 1 $1,450,000 $1,210 10/23/2015333 Beale 4C 1/1.5 916 $977 1 $1,140,000 $1,245 10/23/2015333 Beale 4D 1/2 1,033 $1,021 1 $1,195,000 $1,157 10/23/2015333 Beale 4E 2/2 1,630 $1,247 1 $1,644,500 $1,009 10/23/2015333 Beale 4F 0/1 920 $978 1 $920,500 $1,001 10/23/2015333 Beale 4G 2/2 1,553 $1,218 1 $1,745,000 $1,124 10/23/2015333 Beale 4H 1/2 1,110 $1,050 1 $1,395,000 $1,257 10/23/2015333 Beale 5B 2/2 1,198 $1,083 1 $1,543,500 $1,288 10/23/2015333 Beale 5C 1/1.5 + Den 916 $977 1 $1,252,000 $1,367 10/23/2015333 Beale 5D 1/2 + Den 1,033 $1,021 1 $1,269,000 $1,228 10/23/2015333 Beale 5E 2/2 + Den 1,630 $1,247 1 $1,617,500 $992 10/23/2015333 Beale 5G 2/2 + Den 1,553 $1,218 1 $1,770,000 $1,140 10/23/2015333 Beale 5H 1/2 + Den 1,110 $1,050 1 $1,395,000 $1,257 10/23/2015333 Beale 5J 1/2 + Den 1,119 $1,054 1 $1,325,000 $1,184 10/23/2015333 Beale 6C 1/1.5 + Den 916 $977 1 $1,195,000 $1,305 10/23/2015333 Beale 6D 1/2 + Den 1,033 $1,021 1 $1,285,000 $1,244 10/23/2015333 Beale 6J 1/2 + Den 1,119 $1,054 1 $1,495,000 $1,336 10/23/2015333 Beale 6K 2/2 + Den 1,487 $1,193 1 $1,595,000 $1,073 10/23/2015333 Beale 7B 2/2 1,198 $1,083 1 $1,595,000 $1,331 10/23/2015333 Beale 7C 1/1.5 + Den 916 $977 1 $1,325,100 $1,447 10/23/2015333 Beale 7D 1/2 + Den 1,033 $1,021 1 $1,275,000 $1,234 10/23/2015333 Beale 7E 2/2 + Den 1,630 $1,247 1 $1,795,000 $1,101 10/23/2015333 Beale 7F 0/1 920 $978 1 $997,000 $1,084 10/23/2015333 Beale 8B 2/2 1,198 $1,083 1 $1,795,000 $1,498 10/23/2015333 Beale 8K 2/2 + Den 1,334 $1,135 1 $2,250,000 $1,687 10/23/2015

S A N F R A N C I S C O R E S I D E N T I A L D E V E L O P M E N T J A N U A R Y 2 0 1 6P G . 1 0



Unit Type Number of Units Size Range Price Range

1 - Bedroom 142 448 - 832 SqFt $600K - $1M2 - Bedroom 117 874 - 1,515 SqFt $1M - $2.5M3 - Bedroom 1 1,762 SqFt $3.1M

THE ROCKWELL

1688 Pine Street at Franklin | Pacific HeightsStatus: 76 units available (31 BMRs), 184 units in-contract, 0 units closed, Approximate absorption: 23 units/month, Aver-age $/SqFt (MLS listings): $1,269Project info: Two 13-story towers, 260 units (115-unit East Tower + 145-unit West Tower), 201 parking spaces, 5,500 SqFt retail, Monthly HOA fee: $600 - $1,000Ground broken: Q4 2014 Pre-sale: May 2015First Closings anticipated: September 2016 - West Tower, November 2016 - East TowerDeveloper: Oyster Development (Tricon Capital – equity) Architect: Kwan Henmi Interiors: II by IV Design Amenities: Resident’s lounge with kitchen/dining/screening room, Roof terrace with seating/fireplace, Fitness center, Courtyard garden with fireplace/BBQ, 24-hour lobby atten-dant, Lobby solarium with walnut paneling, Lounge with barFeatures & Finishes: Private balconies, Air conditioning, Caesarstone counter tops, Porcelain tile in bathrooms, Stu-dio Becker cabinetry, Bosch/Bertazzoni appliances (exterior exhaust venting), Walk-in shower and dual sinks in master bathrooms, Approx. 9’ +/- ceilingsSales gallery: 1651 Polk Street Website: TheRockwellSF.com

SAMPLE LISTINGS

Unit Number Type SqFt HOA $ Parking List Price $/SqFt

E909 1/1 676 $619 0 $809,000 $1,197W1201 2/2 955 $735 1 $1,347,000 $1,410E911 2/2 1,139 $781 1 $1,566,000 $1,375E305 1/1 693 $623 0 $811,000 $1,170E804 1/1 500 $575 0 $689,000 $1,378W502 2/2 1,040 $757 1 $1,239,000 $1,191

UNIT MIX & PRICING SUMMARY

http://TheRockwellSF.com



LUXE1650 Broadway at Van Ness | Pacific HeightsStatus: 24 units available/10 in-contract/0 closed, Av-erage $/SqFt (sample listings): $1,779Approximate absorption: 4 units/monthPre-sale: October 2015 Closings anticipated: Q1 2016Project info: 34 units, 7-stories, 47 parking spaces (valued at $100K/space), HOA: $815 - $1,085Developer: Belrich Partners Architect: Forum Design Interior Design: Edmonds + LeeFeatures & Finishes: Marble tile and zinc facade, Floor-to-ceiling windows, Bay & Golden Gate views, Studio Becker Cabinetry, Mobile kitchen islands, Caesar-stone counter tops, Subzero refrigerators, Thermador appliances, Uline wine coolers, Duravit and Hansgro-he fixtures, Victoria + Albert limestone soaking tubs, Frame-less glass showers, 9-foot ceilings, Hardwood floors (carpet in bedrooms); Penthouses only: Gas fire-places, Walk-in pantries and closets, Calacatta marble, Custom millwork, 10-foot ceilings, 1,500 SqFt terracesAmenities: Lounge, 2-story lobby, Part-time attendant Website: Luxe-SF.com Sales office: 1954 Union Street


SAMPLE LISTINGS

Unit Type SqFt Parking List Price $/SqFt

205 1/1.5 816 1 $1,150,000 $1,409105 1/1.5 + Den 1,103 1 $1,195,000 $1,083406 1/2 + Den 899 1 $1,225,000 $1,363104 2/2 1,103 1 $1,250,000 $1,133506 1/2 + Den 899 1 $1,275,000 $1,418606 1/2 + Den 893 1 $1,325,000 $1,484204 2/2 1,096 1 $1,410,000 $1,286203 2/2 1,129 1 $1,450,000 $1,284304 2/2 1,090 1 $1,460,000 $1,339404 2/2 1,091 1 $1,510,000 $1,384403 2/2 1,121 1 $1,550,000 $1,383504 2/2 1,052 1 $1,560,000 $1,483604 2/2 1,040 1 $1,610,000 $1,548603 2/2 1,083 1 $1,675,000 $1,547201 3/2.5 1,484 1 $2,095,000 $1,412202 3/2.5 1,584 1 $2,125,000 $1,342101 3/2.5 1,555 1 $2,350,000 $1,511102 3/2.5 1,562 1 $2,350,000 $1,504401 3/2.5 1,487 1 $2,575,000 $1,732501 3/2.5 1,394 1 $2,995,000 $2,148502 3/2.5 1,496 1 $3,280,000 $2,193602 3/3 1,943 2 $4,550,000 $2,342601 3/2.5 1,841 2 $4,690,000 $2,548702 3/2.5 1,965 2 $5,565,000 $2,832701 3/2.5 1,930 2 $5,880,000 $3,047

http://Luxe-SF.com





Studio/Junior 1 - Bedroom 5 536 - 687 SqFt1 - Bedroom 67 452 - 1,278 SqFt2 - Bedroom 64 814 - 1,195 SqFt3 - Bedroom 2 1,863 - 2,127 SqFt

5 - Bedroom Penthouse 1 2,340 SqFt

UNIT MIX

FULTON 555555 Fulton Street at Octavia | Hayes ValleyStatus: 83 units available (17 BMRs)/56 in-contract/0 closed, Approximate absorption: 9 units/month, Aver-age $/SqFt (sample listings): $1,310Ground Broken: May 2014 Pre-sale: July 2015First Closings Anticipated: July 2016Project info: 139 units, 5-stories, 148 parking spaces (77 retail/68 residential), Monthly HOA fee: $450 - $750Developer: Fulton Street Ventures Architect: Ian Birchall & AssociatesFeatures & Finishes: Bosch appliances, Hardwood floors, Concrete constructionAmenities: Lounge, Roof terrace, Dog park, Bicycle re-pair station, Conference room, Part-time lobby atten-dant, Zirx valet, 30,000 SqFt grocery storeWebsite: Fulton555.com

SAMPLE LISTINGS


303 2/2 1,075 $593 1 $1,421,725 $1,323213 2/2 828 $549 1 $1,249,000 $1,508321 1/1 655 $511 0 $810,000 $1,237514 1/1 705 $521 0 $849,000 $1,204227 1/1 710 $522 0 $799,000 $1,125505 1/1 512 $487 0 $738,749 $1,443235 1/1 705 $521 0 $806,361 $1,144403 2/2 1,075 $593 1 $1,473,763 $1,371334 2/2 851 $549 1 $1,127,855 $1,325417 2/2 1,050 $593 1 $1,349,248 $1,285513 2/2 828 $549 1 $1,157,000 $1,397

http://Fulton555.com




72 TOWNSEND

72 Townsend Street at 2nd | SOMA - South BeachStatus: 44 units available (7 BMRs)/8 in-contract/22 closed, Average $/SqFt (closings): $1,319, Approximate absorption: 4 units/month

Project info: 74 units, 9-stories, 74 parking spaces, HOA: $653 - $1,257, Ground broken: Q1 2014

Date on market: April 2015

Developer: KB Home Architect: SB Architects

Amenities: Lobby attendant, Roof terrace, Lounge

Features & Finishes: Bay views, Soaking tubs, Studio Becker cabinetry, Caesarstone counters, Moen faucets, Bosch/Thermador appliances, Kohler sinks, Floor-to-ceiling windows, Approx. 9’ ceiling heights

Website: 72Townsend.com

CLOSING DETAILS


412 1/1.5 900 $785 1 $1,146,515 $1,274 1/7/2016501 1/1 788 $757 1 $1,071,944 $1,360 12/19/2015304 2/2 1,186 $853 1 $1,630,000 $1,374 12/11/2015309 2/2 1,136 $834 1 $1,595,000 $1,404 12/11/2015310 2/2 1,219 $834 1 $1,745,472 $1,432 11/30/2015311 2/2 1,106 $834 1 $1,735,125 $1,569 11/30/2015305 1/1 619 $719 0 $934,500 $1,510 11/6/2015307 1/1 709 $718 1 $900,000 $1,269 11/6/2015401 1/1 788 $757 1 $985,000 $1,250 11/6/2015402 2/2 1,289 $871 1 $1,555,000 $1,206 11/6/2015403 1/1.5 785 $700 1 $952,000 $1,213 11/6/2015404 2/2 1,260 $834 1 $1,420,000 $1,127 11/6/2015405 1/1 632 $719 1 $833,100 $1,318 11/6/2015406 2/2 1,176 $853 1 $1,476,500 $1,256 11/6/2015408 1/1.5 1,005 $805 1 $1,241,000 $1,235 11/6/2015409 2/2 1,146 $834 1 $1,360,000 $1,187 11/6/2015411 2/2 1,106 $836 1 $1,411,600 $1,276 11/6/2015502 2/2 1,289 $871 1 $1,675,000 $1,299 11/6/2015503 1/1.5 785 $653 1 $1,048,000 $1,335 11/6/2015505 1/1 632 $719 1 $856,000 $1,354 11/6/2015506 2/2 1,176 $855 1 $1,720,500 $1,463 11/6/2015512 1/1.5 900 $785 1 $1,240,000 $1,378 11/6/2015

http://72Townsend.com




SAN FRANCISCO SHIPYARD (2nd Release)

11 Innes Court - Hunters PointStatus: 83 units available (16 BMRs)/76 in-contract/0 closed, Approximate absorption: 8 units/month, $/SqFt (sample listings): $788Project info: 159 units, Two-car parking for townhomes, One-car parking for condominiums, Monthly HOA fees: $210 - $227 (townhomes), $356 - $476 (condos)Pre-sale: April 2015 Closings anticipated: Q1 2016Developer: Lennar Urban Architect: Kava MassihFeatures & Finishes: Nest thermostats and smoke/car-bon dioxide detectors, Bosch appliances, Caesarstone and quartz counter tops, Barbosa high-gloss cabinetry, Por-celanosa bathroom floors, Plyboo wire-brushed hardwood floors, Private outdoor spaces, Secured parking, DropcamAmenities: Downtown shuttle, Terraces, Bicycle parkingWebsite: TheSFShipyard.com


2 - Bedroom Townhome 20 1,070 - 1,180 SqFt

3 - Bedroom Townhome 34 1,200 - 1,620 SqFt

1 - Bedroom Condo 46 550 - 811 SqFt

2 - Bedroom Condo 54 960 - 1,380 SqFt

3 - Bedroom Condo 5 1,235 - 1,285 SqFt

UNIT MIX

SAMPLE LISTINGS


551 Hudson - 301 2/2 970 $417 1 $780,500 $805

555 Innes - 314 2/2 1,009 $424 1 $850,500 $843

555 Innes - 407 2/2 1,212 $467 1 $940,000 $776

273 Friedell 3/2.5 1,341 $220 2 $998,500 $745

http://TheSFShipyard.com




SUMMIT 800

800 Brotherhood Way at Junipero Serra | Park MercedStatus: 62 units available/48 in-contract/72 closed, Approx-imate absorption: 7 units/month, Average $/SqFt (closings): $680Developer: Comstock Homes & Maracor DevelopmentProject info: 182 units, Townhomes and single family homes, 2-3 car parkingDate on market: July 2014Amenities: HOA maintained front yard landscaping, adjacent to two-acre park with tot lot/dog area Features and Finishes: Decks, walk-in closets, Copper Creek polished chrome door hardware, Emser ceramic tile floors, Crema Marfil master bath floors, Superior Shaw stain-resistant carpet, Andersen windows and sliding doors, granite kitchen counter tops and backsplash, Viking appliances, Kohler sinks and tubs, Delta faucets, powder rooms in each floor plan, Piedrafina bathroom counter tops and surrounds, 1.5 KW solar system, tank-less water heatersWebsite: Summit800.com

CLOSING DETAILS


126 3/2 1,547 $223 2 $990,675 $640 12/2/2015166 3/2 1,547 $230 2 $1,011,782 $654 11/30/2015160 3/2 1,547 $230 2 $1,048,012 $677 11/24/2015111 3/2.5 2,133 $278 2 $1,349,846 $633 11/20/2015136 3/2 1,547 $224 2 $1,030,298 $666 10/28/2015138 3/2.5 1,839 $235 2 $1,169,177 $636 10/28/2015132 3/2.5 1,839 $235 2 $1,140,289 $620 10/23/2015295 3/2.5 2,001 $189 3 $1,478,486 $739 10/5/2015120 3/2 1,547 $654 2 $1,012,234 $654 9/30/2015291 3/2.5 2,001 $189 3 $1,519,538 $759 9/30/2015101 3/2.5 2,133 $276 2 $1,299,077 $609 8/26/2015103 3/2.5 2,133 $276 2 $1,399,015 $656 8/26/2015105 3/2.5 2,024 $274 2 $1,360,000 $672 8/21/2015297 3/2.5 2,001 $187 3 $1,603,000 $801 7/28/2015301 3/2.5 2,001 $206 3 $1,623,000 $811 7/17/2015102 3/2.5 1,839 $248 2 $1,143,594 $622 6/11/2015299 3/2.5 2,001 $206 3 $1,450,000 $725 6/9/201596 3/2 1,547 $249 2 $1,021,207 $660 6/5/201585 3/2.5 2,133 $294 2 $1,356,536 $636 5/28/201589 3/2.5 2,024 $293 2 $1,400,000 $692 5/22/201583 3/2.5 2,024 $293 2 $1,516,329 $749 5/7/2015106 3/2 1,547 $248 2 $1,016,000 $657 5/1/2015309 3/2.5 2,001 $238 3 $1,450,000 $725 4/20/201573 3/2.5 2,024 $325 2 $1,470,000 $726 4/20/201569 3/2.5 2,133 $566 2 $1,430,000 $670 3/30/201571 3/2.5 2,133 $566 2 $1,188,000 $557 3/9/2015

http://Summit800.com




6 MINT PLAZA

418 Jessie Street (5th & Mission) | South of MarketStatus: 3 units available/2 in-contract/17 closed, Average sold $/SqFt (closings): $1,337, Approximate absorption: 4 units/month

Project info: 22 units, 8-stories, Date on Market: June 2015

Owner: The Carlyle Group/Veritas

Features & Finishes: Historic rehab of early twentieth-cen-tury building, Acid-stained concrete floors, Exposed con-crete and plaster walls, Industrial-era windows, Birch wood doors, Viking refrigerators, Thermador cook tops, Bosch washer/dryers, Concrete and stone counter tops, Monarch hardwood floors, Stainless steel soaking tubs, Walk-in clos-ets, Private balconies, Central heat and air conditioning

Amenities: Roof terrace with spa and BBQ, Gym, Fob-se-cured entry, 24-hour guard service, Mint Plaza Merchants: Blue Bottle Coffee, Mint 54 Italian Kitchen, flower stand

Website: 6MintPlaza.com

CLOSING DETAILS

Unit Number Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date

601 1/1 606 $485 0 $840,000 $1,386 12/2/2015301 1/1 601 $481 0 $770,000 $1,281 11/23/2015504 2/2 973 $666 0 $1,220,000 $1,254 10/13/2015502 2/1 767 $598 0 $995,000 $1,297 9/24/2015603 1/1 728 $571 0 $970,000 $1,332 9/16/2015304 2/2 863 $665 1 $1,150,000 $1,333 9/9/2015701 1/1 606 $485 0 $850,000 $1,403 9/4/2015401 1/1 605 $484 0 $799,000 $1,321 9/2/2015303 2/1 712 $559 0 $899,000 $1,263 9/1/2015402 2/1 766 $597 0 $945,000 $1,234 9/1/2015703 2/1 729 $571 0 $990,000 $1,358 9/1/2015802 3/3 1,679 $1,238 0 $2,745,000 $1,635 8/27/2015306 2/1 817 $633 0 $995,000 $1,218 7/31/2015201 1/1 589 $473 0 $712,000 $1,209 7/24/2015501 1/1 607 $485 0 $771,500 $1,271 7/1/2015503 2/1 729 $571 0 $896,500 $1,230 6/24/2015

http://6MintPlaza.com



ONYX ON THE PARK310 Carolina Street at 17th | Potrero HillStatus: 1 unit available/5 in-contract/10 closed, Aver-age $/SqFt (closings): $1,307 Project info: 21 units (5 developer held), 4-stories, 21 parking spacesDate on market: October 2015Developer: SJK Development Architect: Gary GeeFeatures & Finishes: Deeded storage units, Wide-plank rustic-oak floors, PentalQuartz counter tops, Glass tile backsplashes, High-gloss Barbosa cabinetry, LED lighting accents, Hans Grohe fixtures, Porcelain tile, Nest thermostats, Vent-out clothes dryer, Cat6 wiring, Security systems, Webpass Internet, Intercom/video system, Individual water metersAmenities: Common area solar panels, Two-story lob-by, Roof terrace with BBQ/WIFIWebsite: OnyxSF.com


CLOSING DETAILS


202 1/1 844 $467 1 $1,149,000 $1,361 12/21/2015305 1/1 724 $447 1 $890,000 $1,229 12/21/2015303 2/2 877 $422 1 $1,135,000 $1,294 12/16/2015201 1/1 881 $473 1 $1,100,000 $1,249 12/11/2015205 1/1 706 $444 1 $949,000 $1,344 12/11/2015203 2/2 916 $479 1 $1,149,000 $1,254 11/25/2015204 2/2.5 1,209 $477 1 $1,525,000 $1,261 11/17/2015302 1/1 898 $426 1 $1,029,000 $1,146 11/17/2015401 1/1 903 $427 1 $1,350,000 $1,495 11/17/2015404 2/2.5 1,242 $483 1 $1,750,000 $1,409 11/17/2015

https://www.google.com/maps/place/310+Carolina+St,+San+Francisco,+CA+94103/@37.7647156,-122.4028121,17z/data=!3m1!4b1!4m2!3m1!1s0x808f7fccbadd2053:0xb27dadce1e6fe5b3?hl=en

http://OnyxSF.com



SAPPHIRE

252 9th Street at Howard | South of MarketStatus: 2 units available/13 in-contract/0 closed, Aver-age $/SqFt (sample listings): $1,102

Approximate absorption: 4 units/month


Date on Market: October 2015

Developer: Stan Chia

Architect: Sia Consulting

Features & Finishes: Wide-plank oak floors, Bertazzoni ranges/microwaves, Frigidaire refrigerators, Silostone counter tops, Ceramic-tiled bathrooms, Toto toilets

Amenities: Bicycle storage, Storage lockers, Roof ter-race, Dog run

Website: SapphireSF.com


SAMPLE LISTINGS


201 1/1 634 $430 0 $659,000 $1,039

301 1/1 634 $430 0 $669,000 $1,062

401 1/1 634 $430 0 $699,000 $1,103

202 1/1 741 $437 0 $826,000 $1,115

302 1/1 764 $437 0 $799,000 $1,046

402 1/1 764 $439 0 $829,000 $1,085

203 2/1 715 $443 0 $749,000 $1,048

303 2/1 715 $436 0 $759,000 $1,062

403 2/1 715 $436 0 $789,000 $1,103

404 2/1 833 $443 0 $899,000 $1,079

204 2/1 810 $442 0 $989,000 $1,221

304 2/1 833 $443 0 $949,000 $1,139


1 - Bedroom 8 634 - 764 SqFt

2 - Bedroom 7 715 - 833 SqFt

UNIT MIX

http://SapphireSF.com




400 GROVE400 Grove Street at Gough | Hayes ValleyStatus: 1 unit available/33 closed, Average $/SqFt: $1,285Project info: 34 units, 4 BMRs, 5-stories, 17 parking spaces (valued at $125K a space), 34 bicycle spacesDate on market: May 2015Developer: DM & DDG Architect: Fougeron Landscape Architect: Marta FryFeatures & Finishes: Redwood rain screen, FSC certified 7.5”-wide oak plank flooring, LED accent lighting, SieMatic kitchen cabinetry, Corian counter tops, Blanco/Hansgrohe faucets, Duravit bathroom cabinets/fixtures, Bosch appli-ances, Liebherr refrigerators, Approx. 9’+/- ceilings, Gladia-tor storage rails at garage Amenities: Virtual Doorman, Courtyard bamboo garden, Roof terrace with BBQ, On-site restaurant (“Little Gem”) Website: 400Grove.com

Unit Type Number of Units Size Range Price Range

Junior 1 - Bedroom 8 428 - 578 SqFt $550K - $700K1 - Bedroom 7 570 - 815 SqFt $700K - $850K2 - Bedroom 19 905 - 1,369 SqFt $1MM - $2.1MM

UNIT MIX & PRICING SUMMARY

CLOSING DETAILS


105 2/2 1,009 $844 1 $1,350,000 $1,338 11/6/2015207 2/2 1,154 $905 1 $1,385,000 $1,200 10/16/2015309 2/2 1,012 $844 1 $1,298,000 $1,283 10/16/2015407 2/2 1,012 $844 1 $1,258,000 $1,243 10/15/2015201 1/1 603 $702 0 $728,000 $1,207 10/13/2015308 0/1 578 $693 0 $639,000 $1,106 10/13/2015401 2/2 1,060 $864 1 $1,395,000 $1,316 10/13/2015406 0/1 578 $693 0 $664,000 $1,149 10/13/2015209 2/2 1,012 $844 1 $990,000 $978 10/9/2015402 2/2 1,098 $886 1 $1,528,000 $1,392 10/8/2015403 2/2 905 $817 1 $1,275,000 $1,409 10/8/2015102 1/1 678 $732 0 $767,000 $1,131 9/1/2015103 2/2 1,110 $888 1 $1,414,500 $1,274 9/1/2015104 0/1 577 $693 0 $694,000 $1,203 9/1/2015202 1/1 677 $732 0 $771,000 $1,139 9/1/2015203 2/2 1,028 $856 1 $1,426,000 $1,387 9/1/2015204 0/1 485 $665 0 $549,000 $1,132 9/1/2015205 0/1 477 $663 0 $557,000 $1,168 9/1/2015208 0/1 578 $693 0 $649,000 $1,123 9/1/2015301 1/1 570 $693 0 $709,000 $1,244 9/1/2015303 2/2 930 $822 1 $1,375,000 $1,478 9/1/2015304 0/1 428 $647 0 $544,000 $1,271 9/1/2015307 2/2 1,154 $905 1 $1,432,000 $1,241 9/1/2015404 1/1 815 $783 0 $850,000 $1,043 9/1/2015405 2/2 1,194 $919 1 $1,498,000 $1,255 9/1/2015502 2/2 1,052 $864 1 $1,628,000 $1,548 9/1/2015503 2/2 1,080 $885 1 $1,687,000 $1,562 9/1/2015504 2/2 950 $835 1 $1,522,000 $1,602 9/1/2015504 2/2 950 $835 1 $1,522,000 $1,602 9/1/2015

http://400Grove.com



DEVELOPMENT SNAPSHOT Recently Sold-Out

ARDEN

718 & 738 Long Bridge Street at 4th | Mission BayApproximate absorption: 65 units/month Average $/SqFt (closings): $1,010Developer: Bosa Development Architect: Chris DikeakosProject info: 267 units, 0 BMRs, 16-storiesDate on market: June 2014 All units in contract: Septem-ber 2014Amenities: Attended lobbies, 75’ lap pool, spa, fitness center with changing rooms, resident’s lounge with kitch-en/billiards, numerous terraces, BBQ, library, electric car share, workshop, pet grooming facility, common area WIFI and USB ports, storageFeatures and Finishes: Hardwood floors, Whirlpool wash-er/dryers, walk-in closets, solid core interior doors, USB and fiber optic wiring, Caesarstone counter tops, Therma-dor appliances, Grohe plumbing fixtures


1 - Bedroom 17 732 - 1,168 SqFt

2 - Bedroom 205 995 - 1,436 SqFt

3 - Bedroom 45 1,611 - 2,044 SqFt

UNIT MIX

ARDEN CLOSINGS ON FOLLOWING PAGE...




CLOSING DETAILS - ARDEN

Unit Type SqFt HOA $* Parking Closing Price $/SqFt Sale Date

718 Long Bridge 1401 2/2 1,234 $838 1 $1,382,100 $1,120 1/4/2016

718 Long Bridge 1302 2/2 + Den 1,407 $865 1 $1,551,400 $1,103 12/30/2015

718 Long Bridge 300 2/2 1,218 $840 1 $1,074,000 $882 12/23/2015

718 Long Bridge 1400 2/2 1,329 $852 1 $1,495,000 $1,125 12/18/2015

738 Long Bridge 616 1/1 723 $756 1 $882,800 $1,221 12/18/2015

718 Long Bridge 1600 2/2 1,327 $855 1 $1,591,000 $1,199 12/3/2015

718 Long Bridge 1300 2/2 1,327 $855 1 $1,470,000 $1,108 11/23/2015

738 Long Bridge 1307 3/2 1,668 $905 1 $1,881,000 $1,128 11/23/2015

738 Long Bridge 1407 3/2 1,668 $905 1 $1,854,000 $1,112 11/23/2015

718 Long Bridge 1102 2/2 + Den 1,407 $870 1 $1,504,500 $1,069 11/20/2015

718 Long Bridge 1103 3/3 1,958 $960 1 $2,298,000 $1,174 11/20/2015

718 Long Bridge 1105 2/2 1,563 $790 1 $1,779,500 $1,139 11/20/2015

718 Long Bridge 1203 3/3 1,958 $960 1 $2,331,500 $1,191 11/20/2015

718 Long Bridge 1000 2/2 1,325 $855 1 $1,401,000 $1,057 11/19/2015

718 Long Bridge 1001 2/2 1,222 $840 1 $1,288,000 $1,054 11/19/2015

718 Long Bridge 1003 3/3 1,952 $960 1 $2,013,000 $1,031 11/19/2015

718 Long Bridge 905 2/2 1,565 $790 1 $1,609,500 $1,028 11/16/2015

738 Long Bridge 910 2/2 1,422 $870 1 $1,420,000 $999 11/16/2015

738 Long Bridge 707 2/2 + Den 1,315 $855 1 $1,263,500 $961 11/9/2015

738 Long Bridge 708 2/2 1,309 $855 1 $1,243,500 $950 11/9/2015

738 Long Bridge 711 2/2 1,285 $840 1 $1,167,500 $909 11/9/2015

738 Long Bridge 712 3/2 1,945 $960 1 $1,872,000 $962 11/9/2015

738 Long Bridge 713 2/2 1,455 $870 1 $1,484,100 $1,020 11/9/2015

738 Long Bridge 715 2/2 + Den 1,244 $840 1 $1,290,000 $1,037 11/9/2015

738 Long Bridge 807 2/2 + Den 1,315 $855 1 $1,286,000 $978 11/9/2015

738 Long Bridge 811 2/2 1,292 $840 1 $1,266,000 $980 11/9/2015

738 Long Bridge 812 3/2 1,946 $960 1 $2,036,000 $1,046 11/9/2015

738 Long Bridge 609 2/2 + Den 1,314 $855 1 $1,240,500 $944 11/4/2015

738 Long Bridge 610 2/2 1,309 $855 1 $1,197,500 $915 11/4/2015

738 Long Bridge 611 2/2 1,251 $840 1 $1,181,000 $944 11/4/2015

738 Long Bridge 612 2/2 1,433 $870 1 $1,369,500 $956 11/4/2015

738 Long Bridge 615 2/2 1,436 $870 1 $1,348,500 $939 11/4/2015

738 Long Bridge 617 1/1 + Den 889 $785 1 $885,500 $996 11/4/2015

718 Long Bridge 401 1/1 + Den 893 $785 1 $895,500 $1,003 10/26/2015

718 Long Bridge 402 2/2 + Den 1,292 $840 1 $1,165,500 $902 10/26/2015

718 Long Bridge 403 2/2 + Den 1,291 $840 1 $1,165,000 $902 10/26/2015

718 Long Bridge 418 2/2 + Den 1,387 $855 1 $1,301,500 $938 10/26/2015

718 Long Bridge 419 2/2 + Den 1,386 $855 1 $1,301,000 $939 10/26/2015

738 Long Bridge 405 2/2 + Den 1,310 $855 1 $1,177,500 $899 10/26/2015

738 Long Bridge 415 2/2 + Den 1,378 $855 1 $1,295,000 $940 10/26/2015

718 Long Bridge 301 1/1 + Den 889 $785 1 $818,000 $920 10/23/2015

718 Long Bridge 302 2/2 + Den 1,291 $840 1 $1,137,500 $881 10/23/2015

718 Long Bridge 216 2/2 + Den 1,376 $855 1 $1,273,000 $925 10/21/2015

718 Long Bridge 217 2/2 + Den 1,376 $855 1 $1,273,000 $925 10/21/2015

738 Long Bridge 208 2/2 1,559 $790 1 $1,280,500 $821 10/21/2015

*HOA dues are approximate.




THE SAN FRANCISCO SHIPYARD (1st Release)Donahue & Friedell Street | Hunters PointAverage $/SqFt (closings): Merchant: $666; Olympia: $642Approximate absorption: 10 units/monthDeveloper: Lennar Urban Date on market: June 2014Project info: 63-unit, 5-story condominium building (Merchant) & 25 townhomes (Olympia), 9 BMRs Amenities: Community park, shuttle service, roof terrace (Merchant)Features & Finishes: Attached garages (Olympia), balconies & patios, Bay & City views, walk-in closets, Barbosa cabinetry, Bosch appliances, quartz and Corian counter tops, porcelain tile, sustainable Plyboo bamboo floors

CLOSING DETAILS - OLYMPIA


583 Donahue 2/2 1,012 $252 1 $755,500 $747 3/9/2015

200 Friedell 3/3 1,490 $367 1 $916,000 $615 1/13/2015

208 Friedell 2/2 992 $340 1 $646,500 $652 1/7/2015

216 Friedell 2/2 1,013 $342 1 $671,000 $662 1/7/2015

224 Friedell 2/2 1,013 $342 1 $643,000 $635 1/7/2015

232 Friedell 2/2 1,013 $342 1 $643,000 $635 1/7/2015

250 Friedell 2/2 1,013 $342 1 $671,000 $662 1/7/2015

268 Friedell 2/2 948 $340 2 $696,500 $735 1/7/2015

276 Friedell 2/2 948 $340 2 $721,000 $761 1/7/2015

284 Friedell 3/2 1,426 $363 2 $861,000 $604 1/7/2015

292 Friedell 3/2 1,426 $363 2 $888,500 $623 1/7/2015

298 Friedell 3/2 1,418 $363 2 $900,500 $635 1/7/2015

593 Donahue 3/2 1,426 $363 2 $881,000 $618 1/7/2015

599 Donahue 3/2.5 1,418 $363 2 $908,500 $641 1/7/2015

501 Donahue 3/3 1,587 $267 1 $920,500 $580 1/6/2015

507 Donahue 2/2 1,172 $256 1 $659,000 $562 1/6/2015

517 Donahue 2/2 1,172 $256 1 $703,000 $600 1/6/2015

527 Donahue 2/2 1,055 $252 2 $680,500 $645 1/6/2015

537 Donahue 2/2 1,055 $252 2 $717,000 $680 1/6/2015

553 Donahue 2/2 1,013 $342 1 $671,000 $662 1/6/2015

563 Donahue 2/2 1,013 $342 1 $656,000 $648 1/6/2015

573 Donahue 2/2 1,024 $252 1 $667,500 $652 1/6/2015

MERCHANT CLOSINGS ON FOLLOWING PAGE...




CLOSING DETAILS - SHIPYARD/MERCHANT


451 Donahue 404 2/2 921 $463 1 $707,000 $768 10/22/2015

451 Donahue 502 2/2 1,013 $477 1 $709,000 $700 10/22/2015

451 Donahue 509 2/2 1,013 $477 1 $680,500 $672 10/22/2015

451 Donahue 510 2/2 1,025 $477 1 $720,500 $703 10/22/2015

451 Donahue 211 1/1 691 $414 1 $468,500 $678 9/29/2015

451 Donahue 303 1/1 738 $426 1 $466,500 $632 9/29/2015

451 Donahue 307 1/1 691 $414 1 $492,500 $713 9/29/2015

451 Donahue 402 2/2 1,013 $477 1 $689,000 $680 9/29/2015

451 Donahue 411 1/1 691 $414 1 $488,500 $707 9/29/2015

451 Donahue 503 1/1 738 $426 1 $496,500 $673 9/29/2015

451 Donahue 507 2/2 935 $463 1 $658,000 $704 9/29/2015

451 Donahue 508 1/1 738 $426 1 $511,000 $692 9/29/2015

451 Donahue 318 2/2 1,021 $477 1 $646,000 $633 9/28/2015

451 Donahue 208 3/2 1,158 $504 1 $739,000 $638 9/14/2015

451 Donahue 216 2/2 922 $462 1 $561,000 $608 9/14/2015

451 Donahue 315 2/2 995 $463 1 $562,500 $565 9/14/2015

451 Donahue 405 1/1 744 $426 1 $486,500 $654 9/14/2015

451 Donahue 412 1/1 691 $414 1 $472,500 $684 9/14/2015

451 Donahue 416 1/1 738 $426 1 $488,500 $662 9/14/2015

451 Donahue 202 2/2 922 $463 1 $628,600 $682 1/23/2015

451 Donahue 215 1/1 738 $425 1 $476,000 $645 1/23/2015

451 Donahue 414 1/1 744 $426 1 $498,500 $670 1/22/2015

451 Donahue 417 2/2 1,013 $476 1 $597,000 $589 1/22/2015

451 Donahue 418 2/2 1,025 $476 1 $619,000 $604 1/22/2015

451 Donahue 504 2/2 921 $463 1 $756,000 $821 1/22/2015

451 Donahue 316 1/1 738 $426 1 $481,000 $652 1/21/2015

451 Donahue 401 2/2 1,025 $477 1 $680,500 $664 1/21/2015

451 Donahue 408 1/1 691 $414 1 $486,500 $704 1/21/2015

451 Donahue 308 1/1 691 $414 1 $476,500 $690 1/16/2015

451 Donahue 309 1/1 595 $391 1 $468,500 $787 1/16/2015

451 Donahue 312 1/1 691 $414 1 $452,500 $655 1/16/2015

451 Donahue 313 2/2 1,015 $477 1 $627,000 $618 1/16/2015

451 Donahue 314 1/1 744 $426 1 $464,000 $624 1/16/2015

451 Donahue 217 2/2 1,027 $476 1 $597,000 $581 1/14/2015

451 Donahue 301 2/2 1,025 $476 1 $621,000 $606 1/14/2015

451 Donahue 302 2/2 922 $463 1 $616,500 $669 1/14/2015

451 Donahue 304 2/2 921 $463 1 $641,000 $696 1/14/2015

451 Donahue 306 2/2 1,015 $476 1 $689,000 $679 1/14/2015

451 Donahue 203 1/1 738 $426 1 $467,000 $633 1/13/2015

451 Donahue 204 2/2 921 $462 1 $641,000 $696 1/13/2015

451 Donahue 205 1/1 744 $426 1 $466,500 $627 1/13/2015

451 Donahue 206 2/2 933 $463 1 $666,000 $714 1/13/2015

451 Donahue 210 1/1 691 $413 1 $456,500 $661 1/13/2015



TOWNHOMES ON TENNESSEE

1189 Tennessee Street at 22nd | DogpatchAverage $/SqFt: $1,087



Architect: Gary Gee

Amenities: Elevator, Bicycle storage, Deck

Features & Finishes: Wide-plank oak floors, Underfloor heating, Elfa closet systems, Vaulted ceilings, Private terraces, Viking appliances, Quartz counter tops, Grohe faucets, Soaking tubs

INDIA COVE LOFTS

748 Innes Avenue | Hunters PointAverage $/SqFt: $607

Project info: 6 units, 4-stories


Architect: Samuel Kwong

Amenities: On-site health spa, Roof terrace, Spa membership

Features & Finishes: Granite counter tops, Gas fireplaces, Bay and City views


CLOSING DETAILS


204 2/3 + Den 1,673 $641 1 $1,475,000 $882 11/10/2015

202 3/2.5 1,922 $698 1 $1,675,000 $871 8/21/2015

401 1/2 866 $573 1 $1,095,000 $1,264 7/3/2015

403 2/2 1,034 $589 1 $1,295,000 $1,252 6/16/2015

201 2/2 1,225 $611 1 $1,285,000 $1,049 6/12/2015

402 2/2 1,145 $602 1 $1,295,000 $1,131 6/12/2015

404 1/1.5 1,004 $587 1 $1,175,000 $1,170 6/12/2015

203 3/2.5 1,652 $691 2 $1,795,000 $1,087 6/10/2015

CLOSING DETAILS


303 1/1.5 775 $591 1 $490,000 $632 12/17/2015

304 1/1.5 862 $603 1 $515,000 $597 10/16/2015

301 2/2 998 $622 1 $595,000 $596 10/7/2015



MISSION@1875

1875 Mission Street at 15th | MissionAverage $/SqFt: $1,055

Date on market: October 2014

Developer: M1875 LLC

Project info: 39 units, 4-stories, 6 BMRs, 24 parking spaces

Amenities: Rooftop pool, dog run

Finishes: Ann Sacks/Porcelanosa tile, hardwood floors, Blanco faucets, Bertazzoni microwaves/ranges, Leibherr refrigerators, brass entry doors, Heath Ceramics house numbers, radiant heated floors

Website: M1875.com


CLOSING DETAILS


109 2/2 1,272 $560 1 $1,200,000 $943 8/28/2015

410 2/1 779 $420 1 $945,000 $1,213 8/3/2015

404 2/1 750 $412 1 $935,000 $1,247 7/28/2015

311 1/1 777 $419 0 $729,000 $938 6/23/2015

310 1/1 779 $419 0 $739,000 $949 6/5/2015

411 2/1 778 $420 1 $950,000 $1,221 6/5/2015

308 0/1 623 $376 0 $675,000 $1,083 5/14/2015

208 0/1 626 $363 0 $625,000 $998 5/11/2015

312 2/1 805 $410 1 $910,000 $1,130 4/24/2015

210 1/1 779 $420 1 $780,000 $1,001 4/23/2015

412 2/1 801 $426 1 $980,000 $1,223 4/22/2015

204 1/1 752 $451 1 $740,000 $984 4/21/2015

203 1/1 754 $421 1 $754,000 $1,000 4/17/2015

209 1/1 800 $426 1 $765,000 $956 4/17/2015

406 2/1 631 $377 1 $700,000 $1,109 4/14/2015

403 2/1 752 $409 1 $920,000 $1,223 4/1/2015

106 0/1 619 $400 0 $560,000 $905 3/31/2015

202 1/1 772 $418 1 $754,000 $977 3/16/2015

305 2/1 780 $403 1 $905,000 $1,160 3/10/2015

107 0/1 633 $378 0 $575,000 $908 3/6/2015

407 0/1 645 $368 0 $650,000 $1,008 3/6/2015

108 0/1 620 $360 0 $589,000 $950 2/27/2015

206 0/1 626 $360 0 $619,000 $989 2/27/2015

211 1/1 799 $426 1 $775,000 $970 2/27/2015

309 1/1 804 $402 1 $899,000 $1,118 2/27/2015

306 0/1 620 $378 0 $650,000 $1,048 2/25/2015

304 1/1 751 $412 1 $901,200 $1,200 2/20/2015


Studio 10 620 SqFt

1 - Bedroom 13 780 - 795 SqFt

2 - Bedroom 16 628 - 1,272 SqFt

UNIT MIX

http://M1875.com





2 - Bedroom 6 1,126 - 1,671 SqFt

3 - Bedroom 12 1,266 - 1,811 SqFt

V20

3590 20th Street at Valencia | MissionAverage $/SqFt: $1,386

Approximate absorption: 4 units/month


Date on market: March 2015 Architect: Kerman Morris

Amenities: Roof terrace, Courtyard, Elevator, Bicycle storage

Features & Finishes: Private outdoor spaces, Oak floors, Studio Becker cabinetry, Miele appliances, Pentalquartz counter tops, Grohe fixtures, Walk-in showers, Gas fire-places

Website: Valencia20.com

UNIT MIX

CLOSING DETAILS


505 2/3 1,839 $531 1 $2,595,000 $1,411 6/27/2015

201 3/2 1,310 $464 1 $2,000,000 $1,527 6/17/2015

202 3/2 1,266 $459 1 $1,700,000 $1,343 7/06/2015

205 2/2 1,112 $439 1 $1,625,000 $1,461 6/17/2015

301 3/2 1,365 $471 1 $1,950,000 $1,429 6/17/2015

302 3/2 1,302 $463 1 $1,650,000 $1,267 6/17/2015

303 2/2 1,220 $453 1 $1,625,000 $1,332 6/17/2015

502 3/2.5 1,675 $511 1 $2,100,000 $1,254 6/17/2015

504 3/2.5 1,811 $527 1 $2,610,000 $1,441 6/17/2015

508 3/2.5 1,494 $488 1 $2,100,000 $1,406 6/17/2015

http://Valencia20.com



VIDA

2558 Mission Street at 22nd | MissionAverage $/SqFt: $1,116

Developer: Oyster Development Architect: Kwan Henmi

Project info: 114 units, 8-stories, off-site BMRs, 77 park-ing spaces, Date on market: March 2014, All units in-con-tract: July 2015

Amenities: Roof terrace with BBQ, lounge area

Finishes: Bosch & Bertazzoni appliances, quartz counter tops, exposed concrete ceilings and columns, porcelain tile bathroom floors


CLOSING DETAILS


201 2/2 1,145 $655 1 $1,199,000 $1,047 8/10/2015703 2/2 1,521 $715 1 $1,769,000 $1,163 6/26/2015205 2/2 1,024 $607 1 $1,130,000 $1,104 6/5/2015209 2/2 899 $591 1 $972,000 $1,081 6/4/2015803 2/2 1,138 $715 1 $1,599,000 $1,405 5/29/2015712 1/1 507 $431 0 $670,000 $1,321 5/14/2015606 2/2 943 $589 1 $1,199,000 $1,271 5/11/2015206 2/2 943 $589 1 $1,013,000 $1,074 5/1/2015408 2/2 905 $581 1 $976,000 $1,078 4/28/2015601 2/2 1,060 $615 1 $1,239,000 $1,169 4/24/2015613 1/1 631 $458 0 $783,000 $1,241 4/24/2015514 1/1 507 $431 0 $644,797 $1,272 4/22/2015207 2/2 915 $586 1 $1,000,000 $1,093 4/17/2015304 1/1 672 $467 0 $718,000 $1,068 4/17/2015507 2/2 916 $583 1 $1,069,000 $1,167 4/16/2015516 1/1 517 $434 0 $653,000 $1,263 4/16/2015311 1/1 660 $465 0 $659,000 $998 4/13/2015314 1/1 507 $431 0 $575,000 $1,134 3/31/2015204 1/1 680 $469 0 $649,000 $954 3/25/2015306 2/2 943 $589 1 $939,000 $996 3/6/2015212 2/1 804 $409 1 $867,000 $1,078 2/27/2015413 1/1 631 $458 0 $689,000 $1,092 2/27/2015402 1/1 816 $561 1 $799,000 $979 2/17/2015315 0/1 494 $429 0 $579,000 $1,172 1/30/2015307 2/2 916 $583 1 $917,000 $1,001 1/29/2015415 0/1 494 $429 0 $599,000 $1,213 1/27/2015416 0/1 517 $434 0 $599,000 $1,159 1/15/2015509 2/2 1,003 $602 1 $1,195,000 $1,191 1/15/2015313 1/1 631 $458 0 $654,000 $1,036 1/13/2015212 1/1 631 $458 0 $691,500 $1,096 12/3/2014215 0/1 494 $429 0 $585,000 $1,184 12/3/2014216 0/1 517 $434 0 $595,000 $1,151 12/3/2014301 2/2 1,144 $638 1 $1,190,500 $1,041 12/3/2014303 1/1 832 $565 1 $822,500 $989 12/3/2014305 2/2 1,104 $655 1 $1,155,000 $1,046 12/3/2014316 0/1 517 $434 0 $585,000 $1,132 12/3/2014318 1/1 725 $542 1 $765,500 $1,056 12/3/2014409 2/2 1,003 $602 1 $1,137,000 $1,134 12/3/2014501 2/2 1,071 $617 1 $1,174,000 $1,096 12/3/2014503 1/1 832 $565 1 $849,000 $1,020 12/3/2014510 2/2 930 $589 1 $1,019,000 $1,096 12/3/2014513 1/1 631 $458 0 $696,000 $1,103 12/3/2014515 0/1 494 $429 0 $631,500 $1,278 12/3/2014518 1/1 739 $545 1 $827,000 $1,119 12/3/2014



DEVELOPMENT SNAPSHOT Resale

MILLENNIUM TOWER

301 Mission Street at Fremont | SOMAAverage $/SqFt (last 9 months): $1,851

Developer: Millennium Partners

Architect: Handel Architects

Project info: 419 units, 58-story high-rise & 11-story mid-rise

Date on market: November 2007

Sold-out: April 2013

Amenities: Concierge, resident’s lounge, tasting room and cellar, private dining room, screening room, children’s playroom, outdoor terrace, 5,500 square-foot fitness center with Pilates/yoga studios/massage service/locker rooms/spa room/steam room/75-foot indoor lap pool

Finishes: Hardwood floors, Studio Becker cabinetry, marble/quartzite counter tops, Sub-Zero/Wolfe/Miele/GE/Bosch/U-Line appliances

CLOSING DETAILS


25B 1/1 674 $1,133 0 $1,050,000 $1,558 12/2/2015

49D 2/3 + Den 2,230 $1,935 2 $4,180,000 $1,874 11/6/2015

51D 2/3 + Den 2,230 $1,935 1 $4,250,000 $1,906 10/19/2015

18C 1/1 833 $1,157 0 $1,218,000 $1,462 9/14/2015

38F 3/2 1,601 $1,755 1 $2,450,000 $1,530 7/31/2015

51C 2/2.5 2,819 $2,019 2 $7,495,000 $2,659 6/8/2015

32D 2/3 1,952 $1,893 1 $4,000,000 $2,049 6/1/2015

301 2/2 2,280 $1,986 1 $3,600,000 $1,579 5/12/2015

9J 2/2 1,127 $1,151 0 $1,500,000 $1,331 4/17/2015

5E 2/2 1,136 $1,204 0 $1,500,000 $1,320 4/10/2015




ONE RINCON HILL (Tower One)

425 1st Street at Harrison | SOMAAverage $/SqFt (last 9 months): $1,361Developer: Urban West AssociatesArchitect: SCBProject info: 376 units, 60-storiesDate on market: January 2006Sold-out: November 2012Finishes: Hardwood floors, Del Tongo cabinetry, Sub-Zero refrigerators, Bosch appliancesAmenities: 24-hour doorman, concierge, high-speed Internet access, fitness center, resident’s lounge with catering kitchen, valet parking, full-size swimming pool, outdoor kitchen, outdoor fireplace

CLOSING DETAILS


4905 1/1 710 $808 1 $1,007,000 $1,418 1/4/2016

802 2/2 1,309 $875 1 $1,340,000 $1,024 12/22/2015

405 3/2.5 2,354 $944 1 $2,700,000 $1,147 10/20/2015

5005 1/1 710 $808 1 $1,050,000 $1,479 8/25/2015

906 2/2 1,238 $910 1 $1,380,000 $1,115 8/25/2015

2702 2/2 1,309 $878 1 $2,050,000 $1,566 7/23/2015

807 1/1 819 $821 1 $1,025,000 $1,252 6/24/2015

1307 1/1 819 $821 1 $1,050,000 $1,282 6/19/2015

4302 2/2 1,309 $885 1 $2,338,000 $1,786 6/15/2015

2501 1/1 837 $823 1 $1,139,000 $1,361 6/12/2015

4908 1/1 755 $803 1 $1,200,000 $1,589 6/12/2015

3103 2/2 1,328 $880 1 $1,968,000 $1,482 5/29/2015

5103 2/2 1,328 $880 1 $2,600,000 $1,958 5/29/2015

1803 2/2 1,278 $874 1 $1,565,000 $1,225 4/30/2015

2904 3/3 1,947 $957 1 $2,950,000 $1,515 4/28/2015

404 3/2.5 2,354 $1,000 1 $2,400,000 $1,020 4/24/2015




THE INFINITY301 & 333 Main Street, 318 & 338 Spear Street | South BeachAverage $/SqFt (last 9 months): $1,437Developer: Tishman SpeyerArchitect: Heller Manus/Bernardo Fort-Brescia of ArquitectonicaProject info: 650 units, one 37- and one 42-story high rise, one 8- and one 9-story podiumDate on market: June 2006Sold-out: March 2011Finishes: Granite counter tops, Studio Becker cabin-etry, Watermark and Kohler fixtures, Bosch applianc-es, Bamboo flooringAmenities: Attended lobbies with concierge ser-vices, courtyards, 5,000 square foot fitness center, 75-foot indoor lap pool, sauna, resident’s lounge with catering kitchen, business center, screening room

CLOSING DETAILS


39A 2/2 n/a $899 1 $2,750,000 n/a 12/23/20154C 1/1 799 $837 1 $949,000 $1,188 12/23/20158H 2/1 841 $843 1 $972,000 $1,156 12/8/20155C 2/2.5 + Den 1,752 $954 1 $2,300,000 $1,313 12/4/201528F 2/2 1,323 $905 1 $2,199,000 $1,662 12/1/201510B 2/2 + Den 1,316 $905 1 $1,480,000 $1,125 11/17/201523C 1/1 809 $838 1 $1,425,000 $1,761 11/16/20155D 1/1 824 $842 1 $925,000 $1,123 10/8/201531E 2/2 1,340 $907 1 $2,499,000 $1,865 10/2/2015

IT4H 1/1 836 $843 1 $959,000 $1,147 9/23/201530F 2/2 1,323 $905 1 $2,250,000 $1,701 8/21/201516C 1/1 809 $838 1 $1,300,000 $1,607 8/19/20154L 1/1 798 $838 1 $933,000 $1,169 8/18/2015

42A 2/2 n/a $899 1 $3,550,000 n/a 8/3/201526G 1/1 807 $838 1 $1,175,000 $1,456 7/16/2015T25E 2/2 1,180 $885 1 $1,750,000 $1,483 7/16/201521G 1/1 807 $838 1 $1,125,000 $1,394 5/21/2015IT3A 2/2 1,159 $883 1 $1,275,000 $1,100 5/6/2015IT4G 0/1 538 $805 1 $753,000 $1,400 5/6/2015T26D 2/2 1,317 $903 1 $2,420,000 $1,838 4/7/2015



ONE HAWTHORNE

1 Hawthorne Street at Howard | SOMAAverage $/SqFt (last 9 months): $1,280

Developer: Jackson Pacific Ventures

Architect: EHDD

Project info: 165 units, 25-stories, Parking/valet fee: $300

Date on market: January 2010

Sold-out: May 2013

Finishes: Quartz and limestone counter tops, Hardwood floors, Studio Becker cabinetry, Bosch appliances

Amenities: Fitness center, Roof terrace with BBQ, Attended lobby

THE HAYES

55 Page Street at Gough | Hayes ValleyAverage $/SqFt (last 9 months): $1,347

Developer: Intracorp

Architect: Heller Manus

Project info: 128 units, 8-stories, Monthly parking fee: $100

Finishes: Studio Becker cabinetry, Granite counter tops, Bamboo flooring

Amenities: Attended lobby, Fitness center, Roof terrace


CLOSING DETAILS


22E 2/2 1,241 $712 1 $1,550,000 $1,249 12/24/2015

15C 2/2 1,313 $723 1 $1,725,000 $1,314 9/8/2015

20G 1/1 950 $667 1 $1,250,000 $1,316 7/31/2015

9C 2/2 1,298 $671 1 $1,725,000 $1,329 4/15/2015

3E 1/1 824 $602 1 $949,000 $1,152 4/10/2015

CLOSING DETAILS


415 1/1 750 $393 1 $895,000 $1,193 12/4/2015

418 0/1 401 $327 1 $595,000 $1,484 9/4/2015

324 0/1 438 $334 1 $695,000 $1,587 9/1/2015

621 0/1 404 $328 1 $610,000 $1,510 7/17/2015

811 1/1 646 $473 1 $925,000 $1,432 6/2/2015

824 2/2 1,023 $544 1 $1,367,000 $1,336 7/17/2015

726 2/2 1,023 $544 1 $1,225,000 $1,197 6/2/2015




MADRONE

420 & 480 Mission Bay Boulevard, 435 China Basin Street | Mission BayAverage $/SqFt (last 6 months): $1,120

Developer: Bosa Development

Architect: Perkins & Company

Project info: 329 units, 14-stories, One-to-one parking

Date on market: Q3 2011

Sold-out: Q1 2013

Finishes: Caesarstone counter tops, Bosch dish-washers, Oak and maple flooring, Whirlpool washer/dryers

Amenities: Outdoor pool and spa, Lounge with kitchen, Roof terrace with fireplace, BBQ, Fitness center, Screening room, Attended lobby

CLOSING DETAILS


619 2/2 1,236 $772 1 $1,490,000 $1,206 12/18/2015

809 2/2 1,261 $774 1 $1,425,354 $1,130 12/16/2015

614 1/1 928 $764 1 $1,000,000 $1,078 12/15/2015

439 3/2 1,542 $817 1 $1,775,000 $1,151 11/10/2015

427 2/2 1,069 $725 1 $1,310,000 $1,225 10/15/2015

818 2/2 1,372 $789 1 $1,583,000 $1,154 10/14/2015

406 1/1 945 $731 1 $1,010,000 $1,069 10/1/2015

517 1/2 + Den 1,047 $779 1 $1,045,000 $998 8/28/2015

713 1/2 1,047 $779 1 $1,189,000 $1,136 7/21/2015

115 1/1 832 $720 1 $800,000 $962 7/6/2015



UPCOMING CONDOMINIUM DEVELOPMENTS

ONE FRANKLIN

DEVELOPMENT SPONSOR AREA UNITSSALES

COMMENCE

450 Hayes Street at Gough DDG/DM Hayes Valley 41 Q1 2016

The Harrison - 401 Harrison Street Rockpoint/Maximus Rincon Hill 298 Q1 2016

3420 18th Street at San Carlos Deimon LLC Mission 16 Q1 2016

1050 Valencia Street at Hill Mark Rutherford Mission 12 Q1 2016

388 Fulton Street at Franklin 7x7 Development Hayes Valley 61 Q1 2016

Rowan - 346 Potrero Avenue at 16th Trumark Urban Potrero Hill 70 Q1 2016

580 Hayes Street at Laguna Laguna Hayes LLC Hayes Valley 29 Q1 2016

One Mission Bay - 1000 Channel Street at 3rd CIM Group Mission Bay 350 Q1 2016

1450 Franklin Street at Bush Village Properties Western Addition 67 Q2 2016

1 Franklin Street at Market JS Sullivan Hayes Valley 35 Q2 2016

Pacific - 2155 Webster Street at Sacramento Trumark Urban Pacific Heights 76 Q1/Q2 2016

181 Fremont Street at Howard Jay Paul Company Transbay 67 Q2 2016

Knox - 645 Texas Street at 22nd Trumark Urban Potrero Hill 91 Q3 2016

Tower at Nob Hill - 1545 Pine Street at Van Ness Pacific Eagle Holdings Nob Hill 103 Q3 2016

5800 Third Street - Phase II Holliday Development Bayview 136 Q4 2016

1450 15th Street at Shotwell 10 South Shore LLC Mission 23 Q4 2016

690 Page Street at Steiner Page Steiner Associates Lower Haight 12 Q4 2016

ROWAN

580 HAYES



UPCOMING APARTMENT DEVELOPMENTS

DEVELOPMENT SPONSOR AREA UNITSLEASING

COMMENCES

399 Fremont Street at Harrison UDR/MetLife South of Market 447 LEASING

Alchemy by Alta - 200 Buchanan Street Wood Partners Hayes Valley 330 LEASING

Potrero 1010 - 1000 16th Street at Missouri Equity Residential Potrero Hill 453 LEASING

1415 Mission Street at 10th Behringer Harvard South of Market 117 Q1 2016

1868 Van Ness Avenue at Sacramento N/A Van Ness Corridor 35 Q1 2016

480 Potrero Avenue at Mariposa SST Investments LLC Mission 84 Q1 2016

Solaire - 299 Fremont Street at Folsom Golub and Company Transbay 472 Q1 2016

2198 Market Street at Sanchez Greystar Upper Market 87 Q1 2016

1601 Larkin Street at Clay John McInerney Nob Hill 27 Q1 2016

350 8th Street at Harrison AIG/Associated Estates South of Market 408 Q1 2016

280 Brighton Avenue at Ocean Avenue SST Investments LLC Ingleside 27 Q1 2016

650 Indiana Street at 19th Build Inc. Dogpatch 111 Q2 2016

832 Sutter Street at Jones N/A Lower Nob Hill 20 Q2 2016

2353 Lombard Street at Scott Realty Equities Marina 21 Q2 2016

Eviva - 360 Berry Street at 5th Integral Group/Argosy RE Mission Bay 129 Q2 2016

340 Fremont Street at Folsom Equity Residential South of Market 332 Q2 2016

1 Henry Adams at Division Equity Residential South of Market 241 Q3 2016

1201 Tennessee Street at 22nd AGI/Avant Housing Dogpatch 259 Q1 2017

855 Brannan Street at 8th Equity Residential South of Market 432 Q1 2017

Trinity Place III - 1169 Market Street at 8th Trinity Properties South of Market 541 Q1 2017

41 Tehama Street at 1st Hines/Invesco South of Market 407 Q3 2017

855 BRANNAN

650 INDIANA



APPROVED, UNDER REVIEW AND CONCEPTUALArea Approved Under Review Conceptual

Bayview/Hunters Point/Candlestick Point 12,600 1,525 2,940

Dogpatch 2,352 822 0


Mid-Market 231 2,607 596

Mission 167 2,038 195

Mission Bay 170 1,642 0

Northern Neighborhoods* 71 1,341 138

Potrero Hill 355 1,080 323

South of Market 2,359 4,797 1,840

Southern Neighborhoods* 15 86 334

Tenderloin 574 556 0

Transbay 1,069 842 0

Treasure Island 8,619 0 0


Van Ness Corridor 0 1,706 0

Visitacion Valley 1,679 1,120 0

Western Neighborhoods* 9,007 649 750

Totals 39,408 21,454 7,140

Month-Over-Month Change +0.5% -1.0% -

* Northern Neighborhoods covers Cathedral Hill, Western Addition, Pacific Heights, Nob Hill, Lower Nob Hill, Financial District, Russian Hill, Telegraph Hill, North Beach & Marina/Cow Hollow Southern Neighborhoods covers Oceanview, Glen Park, Ingleside, Mission Terrace, Outer Mission. Western Neighborhoods covers Park Merced, Parkside, Forest Knolls, Richmond, Sunset, Laurel Heights. The Pipeline Summary includes Below Market Rate units.

RESIDENTIAL PIPELINE SUMMARY

UNDER CONSTRUCTION (BY PRODUCT TYPE)

Area Pre-selling Condominiums Condominiums Apartments All Types

Bayview/Hunters Point/Candlestick Point 159 0 0 159

Dogpatch 0 0 370 370

Hayes Valley 139 166 330 635

Mid-Market 0 0 0 0

Mission 0 51 84 135

Mission Bay 0 350 129 479

Northern Neighborhoods* 375 258 55 688

Potrero Hill 0 161 453 614

South of Market 253 0 2,518 2,771

Southern Neighborhoods* 0 0 27 27

Transbay 0 67 472 539

Upper Market 0 0 87 87

Van Ness Corridor 0 0 0 0

Totals 926 1,053 4,525 6,504

Month-Over-Month Change -26% -10% -2.7% -8.0%



1,408 1,230869

507 344

138

2,9932,600

1,891

1,111

1,653

962

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017

Uni

ts

New Condominiums New Apartments

PROJECTED AND HISTORICAL SUPPLY

Available new condominium inventory in Q1 2016 is set to be twice as high as Q1 2015. This will likely create some relief in the pace of appreciation. However, inventory levels are still expected to dwindle by the second half of 2017. Conversely, there are nearly 1,800 approved condominium units in the pipeline, which are part of smaller infill developments (averaging 50 units). It is likely that a number of these developments will break ground in the coming quarters, guarantying a more robust future supply. Nearly half of the aforementioned units are located in SOMA (860 units), while Dogpatch comes in second (240 units) and Mid-Market comes in third (200 units).

PROJECTED SUPPLY

HISTORICAL SUPPLY

There were 455 unit completions in the month of November 2015. Since January of 2014, 7,155 units have come online, 24% being affordable. Over the last ten years, the City has produced an average of 2,200 units per year.

* Through November 2015; Figures include Below Market Rate Units

Similarly, available new apartment inventory is expected to decline dramatically by the second half of 2017. There are about 1,800 approved apartments, which are part of infill developments. 5M, Pier 70 and Park Merced have the potential to deliver another 11,000 units.

* Includes Below Market Rate Units, which are part of Market Rate developments

PROJECTED AVAILABLE UNITS

NEW CONSTRUCTION LEVELS

532

909 906 9091,225

1,8591,619

2,260

2,730

1,780 1,8721,675

2,197

3,019

3,366

1,082

348

794

2,330

3,897

3,258

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015*

New

Uni

ts P

rod

uced



ABOUT VANGUARD PROPERTIES DEVELOPER SERVICESVanguard Properties expertly guides low- to high-density residential developers. Core consulting services include Research, Land Acquisition, Design, Branding, Promotion, Sales Strategy and Risk Management. From concept to close-out, Vanguard leads the way to successful development.

For Developer Services, contact:

FRANK NOLAN

Vice President

415.377.3726

[email protected]

JAMES NUNEMACHER

CEO

415.519.7772

[email protected]

VANGUARD PROPERTIES REPORT DISCLAIMERData and image sources for this Report include but are not limited to SFAR MLS, the San Francisco Planning De-partment, development marketing websites and industry news/information outlets. The information in this Report is subject to errors, as it is compiled from multiple sources, with varying degrees of accuracy and currency. This Report should not be reproduced or distributed, in whole or in part, without the prior written consent of Vanguard Proper-ties. The statements in this Report, which are not historical facts, are projections or estimates based on Vanguard Properties’ opinions and expectations of future market performance. Although the information presented is believed to be correct, no representation is made by Vanguard Properties as to the accuracy or completeness of the informa-tion. The information presented may be subject to updating, revision or verification, and such information may change in a material nature. This is not an offer to rent or sell property, and is intended for information purposes only. This Report should not be relied upon or utilized in making investment decisions. ©2015 Vanguard Properties, All rights reserved. BRE License No. 01486075. Equal Housing Opportunity

JONATHAN MOFTAKHAR

Development Director

415.920.3731

[email protected]

For additional market reporting, contact:

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