SAN FRANCISCO JANUARY 2016 RESIDENTIAL DEVELOPMENT
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
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.
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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
Median Price & Closing Volume
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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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
Unit Type Number of Units Size Range
Studio 10 620 SqFt
1 - Bedroom 13 780 - 795 SqFt
2 - Bedroom 16 628 - 1,272 SqFt
UNIT MIX
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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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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
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
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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
Hayes Valley 166 280 446
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
Upper Market 0 87 87
Van Ness Corridor 34 0 34
Totals 771 5,433 6,204
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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
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Click page numbers to be taken directly to page
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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.
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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
Units Available: 450*
Most Recent Quarter
Median: $1,100,000
Units Closed: 562
Units Available: 97*
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
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Median Price & Closing Volume
Number Closed Median Sale Price
$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
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Median Price & Closing Volume
Number Closed Median Sale Price
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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
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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
DEVELOPMENT SNAPSHOT Currently Selling
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
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DEVELOPMENT SNAPSHOT Currently Selling
Unit Type Number of Units Size Range
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...
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DEVELOPMENT SNAPSHOT Currently Selling
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
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CLOSING DETAILS - LUMINA PLAZA C
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Sale Date
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
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DEVELOPMENT SNAPSHOT Currently Selling
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
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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
DEVELOPMENT SNAPSHOT Currently Selling
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
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DEVELOPMENT SNAPSHOT Currently Selling
Unit Type Number of Units Size Range
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
Unit Number Type SqFt HOA $ Parking List Price $/SqFt
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
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DEVELOPMENT SNAPSHOT Currently Selling
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
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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DEVELOPMENT SNAPSHOT Currently Selling
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
Unit Type Number of Units Size Range
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
Unit Number Type SqFt HOA $ Parking List Price $/SqFt
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
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DEVELOPMENT SNAPSHOT Currently Selling
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
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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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
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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
DEVELOPMENT SNAPSHOT Currently Selling
CLOSING DETAILS
Unit Number Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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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
Project info: 15 units, 4-stories, 0 parking spaces
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
DEVELOPMENT SNAPSHOT Currently Selling
SAMPLE LISTINGS
Unit Number Type SqFt HOA $ Parking List Price $/SqFt
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
Unit Type Number of Units Size Range
1 - Bedroom 8 634 - 764 SqFt
2 - Bedroom 7 715 - 833 SqFt
UNIT MIX
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DEVELOPMENT SNAPSHOT Currently Selling
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
Unit Number Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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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
Unit Type Number of Units Size Range
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...
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DEVELOPMENT SNAPSHOT Currently Selling
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.
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DEVELOPMENT SNAPSHOT Recently Sold-Out
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
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Sale Date
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...
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DEVELOPMENT SNAPSHOT Currently Selling
CLOSING DETAILS - SHIPYARD/MERCHANT
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Sale Date
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
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TOWNHOMES ON TENNESSEE
1189 Tennessee Street at 22nd | DogpatchAverage $/SqFt: $1,087
Project info: 11 units, 4-stories, 12 parking spaces
Date on market: April 2015
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
Date on market: April 2015
Architect: Samuel Kwong
Amenities: On-site health spa, Roof terrace, Spa membership
Features & Finishes: Granite counter tops, Gas fireplaces, Bay and City views
DEVELOPMENT SNAPSHOT Recently Sold-Out
CLOSING DETAILS
Unit Number Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
Unit Number Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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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
DEVELOPMENT SNAPSHOT Recently Sold-Out
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
Unit Type Number of Units Size Range
Studio 10 620 SqFt
1 - Bedroom 13 780 - 795 SqFt
2 - Bedroom 16 628 - 1,272 SqFt
UNIT MIX
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DEVELOPMENT SNAPSHOT Recently Sold-Out
Unit Type Number of Units Size Range
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
Project info: 18 units, 5-stories, 18 parking spaces
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
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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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
DEVELOPMENT SNAPSHOT Recently Sold-Out
CLOSING DETAILS
Unit Number Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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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
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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DEVELOPMENT SNAPSHOT Resale
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
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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DEVELOPMENT SNAPSHOT Resale
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
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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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
DEVELOPMENT SNAPSHOT Resale
CLOSING DETAILS
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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DEVELOPMENT SNAPSHOT Resale
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
Unit Type SqFt HOA $ Parking Closing Price $/SqFt Closing Date
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
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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
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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
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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
Hayes Valley 116 414 24
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
Upper Market 24 229 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%
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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
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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
JAMES NUNEMACHER
CEO
415.519.7772
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
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