Roof deck. ⢠Shuttle services to downtown. FINISHES. ⢠Stainless steel Bosch appliances ..... Located in SOMA, with
THE POLARIS PACIFIC REPORT
San Francisco Condominium Market APRIL 2016
MLS DISTRICT 1-10
SAN FRANCISCO / LOS ANGELES / SAN DIEGO / OAKLAND-EMERYVILLE / SILICON VALLEY
MARKET SNAPSHOT SAN FRANCISCO | APRIL 2016
LOW-RISE BUILDING
MID-RISE BUILDING
HIGH-RISE BUILDING
4 STORIES OR LESS
5-12 STORIES
13 STORIES OR MORE
PRICE PER SQ. FT.
PRICE PER SQ. FT.
PRICE PER SQ. FT.
$1,288
$1,324
$1,366
ANNUAL CHANGE
ANNUAL CHANGE
ANNUAL CHANGE
+13.7%
+6.8%
+2.0%
CONDO INVENTORY
CONDO SALES & MEDIAN PRICE
MULTI-FAMILY COMPLETIONS
BY TYPE
BY TYPE
BY BUILDING TYPE
398
191
1,291
NEW CONDOS
NEW CONDOS
MACRO TRENDS
3.4 MONTHS OF RESALE INVENTORY
MEDIAN RESALE PRICE
732
NEW CONDOS
$1,093K
584
2,611 2015 MULTI-FAMILY DELIVERIES
RESALES
RESALES
1,320 NEW APTS
ABOUT POLARIS PACIFIC Polaris Pacific is a new-condominium brokerage and advisory firm renowned for its grasp and insight into market trends and buyer sentiment in the major urban markets of the West Coast, and its ability to capitalize upon this information to generate sales performance. We produce monthly reports on six major urban markets on the West Coast—San Francisco, Los Angeles, Silicon Valley, Oakland-Emeryville, San Diego and Seattle—that provide timely insight into the performance of new and existing condominiums in these regions. We also generate comprehensive custom reports for specific multi-family development sites, including pricing and rental models, floorplan critique services, demographic analysis, and future supply projections by submarket at the request of developers and financial institutions. If you’re interested in further market intelligence, please contact Miles Garber at (415) 361-4805 or mgarber@polarispacific.com. Source: SFARMLS, Polaris Pacific. Data from sources may be subject to errors, omissions and revisions. PSF Figures are for buildings built after 2004, inflated to account for new construction premium. The figures cover the six-month periods ending 3/31/2015 and 3/31/2016.
MARKET SNAPSHOT SAN FRANCISCO, JULY 2014
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 3
TABLE OF CONTENTS 1
MARKET OVERVIEW MARKET INSIGHTS DEMAND CONDITIONS SUPPLY CONDITIONS DISTRICTS
8
CURRENTLY SELLING
23
SOLD OUT 2016 RESALE DEVELOPMENTS PAST RESALE DEVELOPMENTS
83
ABOUT POLARIS PACIFIC
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 1
Annual Price and Sales Changes by District The maps below (Figures 1 & 2) show annual percentage changes in median price per square foot and total sales by district. While most districts in San Francisco experienced positive median price growth over the past year, the most notable year-over-year price increases occurred in District 3 and District 4 (+9.2% and 8.8, respectively).
FIG 1. ANNUAL PRICE PSF CHANGE MAP
FIG 2. ANNUAL SALES CHANGE MAP
7 +5.8%
7 -27.5%
1 +0.7%
8 +5.7% 1 +80.0%
6 +5.9%
2 +8.4%
6 -9.4%
9 +0.7%
5 +0.3%
9 +1.1%
5 -17.0%
2 +50.0%
4 +8.8%
8 -21.6%
4 -50.0% 10 +3.3%
3 +9.2%
10 -36.4%
3 +50.0%
Annual Price PSF Change Map
Annual Sales Change Map
Year-over-year change in median PSF in each district of the city, for Jan 2016 - Mar 2016: (Source: Realquest) -30% No Change -15% +15%
Year-over-year change in total resales in each district of the city, for Jan 2016 - Feb 2016: (Source: Realquest) -30% No Change -15% +15%
+30%
+30%
Current Prices and Sales by District Figure 3 shows a box-and-whisker plot of sales prices by district during the three-month period ending March 31, 2016, with wider boxes indicating more sales. As shown below, District 7 had the highest median price ($1,457,000), while District 10 had the lowest ($615,000). District 9 experienced the most sales during this period (176 sales).
Sale Price
FIG 3. SALES BY DISTRICT
$3,400k $3,200k $3,000k $2,800k $2,600k $2,400k $2,200k $2,000k $1,800k $1,600k $1,400k $1,200k $1,000k $800k $600k $400k $200k 1−4 Source: Realquest
5
6
7
8
9
10
District
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 2
Historical Prices and Sales During the three-month period ending March 31, the median price increased 4.1 percent from the prior year to $1,093,330. At the same time, there were 556 total resales, a 3.3 percent decrease from the prior year. For over a year, the median price has surpassed the $1,000,000 mark.
FIG 4. MEDIAN PRICE AND RESALES 400
$1200k $1100k $1000k $900k $800k $700k $600k $500k $400k $300k $200k $100k $0k
Resales Median Price
300
200
100
0 2000
2002
2004
2006
2008
2010
2012
2014
2016
Year
Source: SFARMLS
Cash and Investor Buyers Figure 5 provides a historical trend of all-cash and investor buyers in San Francisco since 2000. For the three months ending March 31, all-cash transactions represented 32.9 percent of sales, an increase from 31.5 percent the same time last year; investor buyers represented 26.7 percent of buyers, a decrease from 28.4 percent the same time last year.
FIG 5. PERCENT OF CASH AND INVESTOR BUYERS 50% Investor Buyer Cash Buyer 40% 30% 20% 10% 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: Realquest
Year
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
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PAGE 3
Historical Average Market Time (Monthly Trend) The average days on market (DOM) figure is calculated as the amount of time between the date a home is listed for sale and the date it goes into escrow. The 60-day benchmark signifies a balanced market (the dotted line in Figure 6). As shown in Figure 6, the average DOM figure was 37 days in the three-month period ending March 31.
FIG 6. AVERAGE SOLD MARKET TIME (MONTHLY)
Number of Days
100 80 60 40 20 0 2008
2009
2010
2011
2012
2013
2014
2015
2016
Year
Source: SFARMLS
Historical Average Market Time (Annual Trend) Figure 7 shows the average DOM figure at the end of each year going back to 2000 (the 2015 figure is year-to-date). Since 2012, the average DOM figure has been below 60 days.
FIG 7. AVERAGE SOLD MARKET TIME (ANNUAL)
Number of Days
80
60
40
20
0 2000 Source: SFARMLS
2002
2004
2006
2008
2010
2012
2014
2016
Year
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
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PAGE 4
Months of Remaining Inventory (Monthly Trend) The months of remaining inventory figure, or MRI figure, indicates how many months it would take to absorb current supply. Six months is considered a balanced market, while nine months or more is considered an oversupplied market. Figure 8 shows a three-month moving average of the figure going back to 2008. As shown, the MRI figure has remained below the six-month benchmark since 2012. The most recent figure was 3.9 months. FIG 8. MONTHS OF REMAINING INVENTORY
Number of Months
14 12 10 8 6 4 2 0 2008
2009
2010
2011
2012
2013
2014
2015
2016
Year
Source: SFARMLS
Months of Remaining Inventory (Annual Trend) Figure 9 shows the MRI figure at the end of each year (the 2015 figure is year-to-date). As shown, the MRI figure decreased each year from 2010 through 2015 and has been indicative of a seller’s market since 2011.
FIG 9. AVERAGE MONTHS OF REMAINING INVENTORY
Number of Months
7 6 5 4 3 2 1 0 2008 Source: SFARMLS
2009
2010
2011
2012
2013
2014
2015
2016
Year
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
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PAGE 5
Active Condominium Inventory Figure 10 shows the inventory of unsold new condominiums (red) and active resale listings (dark gray) in San Francisco for the month of April for each year since 2011. Currently, there are 974 unsold new condominiums on the market.
FIG 10. CONDOMINIUM INVENTORY COMPOSITION
Number of Units Available New Construction Resales
Total Units
1,500
1,000
500
0 2012 Source: SFARMLS, Polaris Pacific
2013
2014
Year
2015
2016
Annual Multi-Family Completions Figure 11 shows total annual multi-family completions of both apartments and condominiums in San Francisco. The peak year for condominium completions was 2008, when 2,069 new units were delivered to the market. In 2015, there were 1,320 apartments unites completed and 1,291 condominium units completed.
FIG 11. TOTAL ANNUAL MULTI-FAMILY COMPLETIONS 2,000
Apartments Condos
Units
1,500
1,000
500
0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: Polaris Pacific
Year
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 6
Future Condominium Supply by District Figures 12 and 13 show the number of new condominiums currently under construction and entitled by district. There are 2,560 new condominiums currently under construction in San Francisco. 512 of the under construction units are in Lumina, which began construction in June 2013, and 350 are Mission Bay Block One, which began construction in 2015. In addition, a sizeable number of condominium projects were entitled and could begin construction in the near future (see Districts 9 and 10 in Figure 13). FIG 12. CONDOMINIUMS UNDER CONSTRUCTION
7 76 1 105
FIG 13. CONDOMINIUMS APPROVED
7 55
8 622 1 41
6 389
5 0
2 0
6 135
9 1,340
5 73
2 56
4 0 10 0
10 3,232
3 0
Map of Market
Map of Market
Number of Units: 2,560 (Source: Polaris Pacific)
Number of Units: 5,494 (Source: Polaris Pacific)
300
9 1,691
4 29
3 28
0
8 182
0
1,000
300
1,000
Future Apartment Supply by District Figures 14 and 15 show future supply of apartments by district. Displayed below, the majority of apartments under construction or entitled are concentrated in District 9.
FIG 14. APARTMENTS UNDER CONSTRUCTION
7 0 1 0
FIG 15. APARTMENTS APPROVED
7 21
8 455
6 119
5 87
2 0
1 23
6 137
9 5,607
5 62
2 0
4 0
10 61
3 1,668
Map of Market
Map of Market
Number of Units: 6,404 (Source: Polaris Pacific)
Number of Units: 7,284 (Source: Polaris Pacific)
0
300
1,000
9 4,692
4 0 10 136
3 0
8 620
0
300
1,000
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
DISTRICT 1
CURRENTLY SELLING
SOLD OUT
Inner Richmond, Laurel Heights, Outer Richmond
DISTRICT 2
Inner Sunset, Golden Gate Heights, Outer Sunset
DISTRICT 3
Ingleside, Lakeside, Oceanview, Stonestown
DISTRICT 4
Diamond Heights, Forest Hill, Midtown Terrace, West Portal
DISTRICT 5
Corona Heights, Duboce Triangle, Eureka, Glen Park, Mission Dolores, Noe Valley
DISTRICT 6
Alamo Square, Hayes Valley, North Panhandle, Lower Pacific Heights, Western Addition
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DISTRICT 7
Cow Hollow, Marina, Pacific Heights
DISTRICT 8
Downtown, Financial District, Nob Hill, North Beach, North Waterfront, Russian Hill, Telegraph Hill, Tenderloin, Van Ness / Civic Center
DISTRICT 9
South of Market, South Beach, Yerba Buena, Rincon Hill, Mission Bay, Potrero Hill, Inner Mission, Dogpatch, Bernal Heights
DISTRICT 10
Bayview, Candlestick Point, Excelsior, Hunters Point, Little Hollywood, Mission Terrace, Outer Mission, Portola, Silver Terrace, Visitacion Valley
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 8
CURRENTLY SELLING DEVELOPMENTS One Mission Bay The Harrison Rockwell Summit 800 Fulton 555 Alma & Engel The District 72 Townsend 388 Fulton 450 Hayes Number of Units Available Units Available Units Closed Units in Contract
Luxe 1001 Seventeenth 6 Mint 0
100
200
300
Total Units
NEW CONDOMINIUMS NOW SELLING CURRENT PERFORMANCE
TOTAL PROJECTS TOTAL UNITS TOTAL UNSOLD UNITS
LAST MONTH
LAST YEAR
13
11
6
1,682
1,033
716
974
398
421
SAN FRANCISCO MARKET REPORT, APRIL 2016
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PAGE 9
DISTRICT 9
LUMINA 201 FOLSOM ST DESCRIPTION
High-rise, luxury living soaring above the San Francisco Bay, LUMINA presents 656 modern residences with world-class amenities. Located at Main and Folsom Streets, where SOMA meets the Embarcadero, LUMINA will feature stunning design and breathtaking views. AMENITIES
• Rooftop terrace • Club lounge • Private dining room • Fitness center • Screening room • Pool & spa
CURRENT STATUS
PROJECT INFORMATION
Date on Market: Sep ‘14
Developer: Tishman Speyer Submarket: South Beach Number of Homes: 656 HOA*: $930-$1,350/mo.
First Close of Escrow: N/A In Contract: Confidential Closed: 0 Avg. Monthly Absorption: N/A
• Library lounge • Children’s room • Music practice room • Pet grooming station FINISHES
• Gaggenau ovens & cooktops • Gaggenau refrigerators & dishwashers with integrated paneling • Premium Ceasarstone quartz countertops & backsplashes
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
STUDIO
15
580 - 972
1-BED
203
852 - 947
2-BED
371
1,178 - 1,572
3-BED
67
1,771 - 2,690
PRICE P.S.F.
CONFIDENTIAL
• Custom SieMatic cabinetry with aluminum recessed channel pulls • SieMatic vanity cabinets with Volakas marble countertops • European porcelain tile on bathroom floors and shower walls • Expansive glass curtain wall with balconies / patios in select units
CLOSED NEW SALES SUMMARY TYPE
#SALES
AVG SF
PRICE RANGES
AVG PRICE
PRICE P.S.F.
AVG P.S.F
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
• NEST learning thermostats * HOA INCLUDES VALET PARKING
SAN FRANCISCO MARKET REPORT, APRIL 2016
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PAGE 10
DISTRICT 9
ONE MISSION BAY 1000 CHANNEL ST DESCRIPTION
One Mission Bay features 350 luxury condominiums with extensive amenities surrounded by a waterfront, green parks and bike paths. One Mission Bay offers artful interior design with natural materials.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Resort style deck
Date on Market: Apr ‘16
• Pool, spa, cabanas & fire pit
First Close of Escrow: N/A
• 650’ waterfront
In Contract: 30
• Resident lounge
Closed: 0
Developer: CIM Group Submarket: Mission Bay Number of Homes: 350 HOA: $622-$825/mo.
• Library
Avg. Monthly Absorption: 30.0 Units
FINISHES
• Gaggenau oven • Gas range • Refrigerator & dishwasher
UNIT MIX & LIST PRICE SUMMARY
• Kohler faucets • Wood flooring & cabinetry • Air conditioning
TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
STUDIO
22
487 - 545
$582,000 -
$1,171 -
1-BED
71
628 - 1,211
$725,000 -
$1,158 -
1.5-BED
53
758 - 1,231
$825,000 -
$1,066 -
2-BED
61
967 - 1,685
$1,260,000 -
$1,093 -
2.5-BED
98
858 - 1,536
$1,250,000 -
$1,057 -
3-BED
25
1,264 - 1,827
$1,718,000 -
$1,351 -
3.5-BED
7
1,973 - 1,976
$3,070,000 -
$1,554 -
CLOSED NEW SALES SUMMARY TYPE
#SALES
AVG SF
PRICE RANGES
AVG PRICE
PRICE P.S.F.
AVG P.S.F
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 11
DISTRICT 9
THE HARRISON 401 HARRISON ST DESCRIPTION
Located in Rincon Hill neighborhood of San Francisco, The Harrison is the second tower of One Rincon Hill. The Harrison offers luxury condominium homes with panoramic views of the city and the bay.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Private top floor lounge
Date on Market: Apr ‘16
• 2,500 square foot fitness center
First Close of Escrow: N/A
• Swimming pool & jacuzzi
In Contract: 17
• Concierge service
Closed: 0
Developer: Maximus Real Estate Partners Submarket: Rincon Hill Number of Homes: 299 HOA: $1,240-$1,480/mo.
Avg. Monthly Absorption: 17.0 Units FINISHES
• Bertazzoni range • Sub-Zero refrigerator • Stone countertops • Waterworks fixtures in bathrooms
UNIT MIX & LIST PRICE SUMMARY
• Siberian oak wood floors TYPE
#UNITS
1-BED
133
2-BED
154
3-BED
12
SIZE SF
PRICE RANGES
PRICE P.S.F.
$825,000 - $1,339,065
$1,031 - $1,635
1,240 -
$1,517,743 -
$1,223 -
N/A -
N/A -
N/A -
800 - 819
CLOSED NEW SALES SUMMARY TYPE
#SALES
AVG SF
PRICE RANGES
AVG PRICE
PRICE P.S.F.
AVG P.S.F
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 12
DISTRICT 7
ROCKWELL 1688 PINE ST DESCRIPTION
Located in the Pacific Heights neighborhood of San Francisco, Rockwell features two 13-story glass and concrete towers.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Fitness center
Date on Market: Apr ‘15
• Courtyard
First Close of Escrow: N/A
• Sky lounge
In Contract: 213
• Grand solarium
Closed: 0
Developer: Oyster Development Submarket: Pacific Heights Number of Homes: 260 HOA: $600-$900/mo.
• Sky terrace
Avg. Monthly Absorption: 17.5 Units
• Owners’ club FINISHES
• Ceasarstone counters • Studio Becker cabinetry • Bosch / Bertazzoni cooktop, oven & dishwasher • Exterior exhaust venting
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1-BED
113
500 - 756
$795,126 -
$1,214 -
1.5-BED
29
703 - 832
$843,931 -
$1,122 -
2-BED
117
874 - 1,515
$1,377,619 -
$1,318 -
3-BED
1
$3,105,000 -
$1,762 -
1,762 -
CLOSED NEW SALES SUMMARY TYPE
#SALES
AVG SF
PRICE RANGES
AVG PRICE
PRICE P.S.F.
AVG P.S.F
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
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PAGE 13
DISTRICT 3
SUMMIT 800 800 BROTHERHOOD WY DESCRIPTION
Summit 800 consists of 60 townhomes and 122 duplexes in the Stonestown neighborhood of San Francisco.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Spacious decks on select plans
Date on Market: Aug ‘14
• Two-acre landscaped park with tot lot and dog park
First Close of Escrow: N/A
• Private streets
Closed: 77
Developer: Comstock Homes Submarket: Stonestown Number of Homes: 182 HOA: $160-$180/mo.
In Contract: 70 Avg. Monthly Absorption: 7.2 Units
FINISHES
• Designer interiors • Granite slab countertops with 6” granite backsplashes in kitchen • Superior Viking® appliances
UNIT MIX & LIST PRICE SUMMARY
• Powder rooms in each residence TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
3-BED DX
122
1,548 - 2,328
$1,150,000 -
$612 -
3-BED TH
60
2,001 - 2,385
$1,585,000 -
$792 -
CLOSED NEW SALES SUMMARY TYPE
#SALES
AVG SF
PRICE RANGES
AVG PRICE
PRICE P.S.F.
AVG P.S.F
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
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PAGE 14
DISTRICT 6
FULTON 555 555 FULTON ST DESCRIPTION
Fulton 555 is located in the Hayes Valley and consists of 139 homes and features an onsite grocery market. It is designed by Ian Birchall & Associates.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Onsite grocery market
Date on Market: Jul ‘15
• Rooftop terrace
First Close of Escrow: N/A
• Lounge
In Contract: 60
• Dog park
Closed: 0
Developer: Fulton Street Ventures Submarket: Hayes Valley Number of Homes: 139 HOA: $490-$600/mo.
• Private meeting space
Avg. Monthly Absorption: 6.5 Units
• Bike workstation FINISHES
• Stainless steel Bosch appliances • Sleek countertops
UNIT MIX & LIST PRICE SUMMARY
• Modern cabinets • Hardwood floors
TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1-BED
-
512 - 710
$691,380 - $794,321
$1,097 - $1,375
2-BED
-
719 - 1,050
$923,025 - $1,344,801
$1,281 - $1,388
PRICE RANGES
PRICE P.S.F.
THAYER UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
SAN FRANCISCO MARKET REPORT, APRIL 2016
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PAGE 15
DISTRICT 10
ALMA & ENGEL FRIEDELL ST & INNES AVE DESCRIPTION
Alma & Engel are part of the larger Shipyard development by Lennar Urban. It contains 105 condominiums and townhomes, situated in Lennar’s Shipyard masterplan.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Roof deck
Date on Market: Jul ‘15
• Shuttle services to downtown
First Close of Escrow: N/A
Developer: Lennar Urban Submarket: Hunters Point Number of Homes: 105 HOA: $200-$420/mo.
In Contract: 87 FINISHES
Closed: 0
• Stainless steel Bosch appliances
Avg. Monthly Absorption: 9.5 Units
• Ceasarstone kitchen countertops • Modern cabinets • Bosch wine coolers in select homes TIDES UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1-BED
-
603 - 656
$550,000 - $685,800
$912 - $1,045
2-BED
-
956 - 1,376
$808,500 - $985,800
$716 - $846
3-BED
-
$910,000 - $1,050,800
$731 - $737
PRICE RANGES
PRICE P.S.F.
1,235 - 1,437
THAYER UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 16
DISTRICT 6
THE DISTRICT 2655 BUSH ST DESCRIPTION
The District is located at the corner of Divisadero and Bush Streets and features 81 high-end condominiums.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Fitness Center
Date on Market: Dec ‘15
• Greenhouse
First Close of Escrow: N/A
• Rooftop deck
In Contract: 18
Developer: KB Homes Submarket: Lower Pacific Heights Number of Homes: 81 HOA: N/A
Closed: 0 Avg. Monthly Absorption: 4.4 Units
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1-BED
-
575 - 980
$677,225 - $1,169,150
$1,178 - $1,193
2-BED
-
971 - 1.164
$1,355,560 - $1,457,400
$1,252 - $1,396
THAYER UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
SAN FRANCISCO MARKET REPORT, APRIL 2016
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PAGE 17
DISTRICT 9
72 TOWNSEND 72 TOWNSEND ST DESCRIPTION
72 Townsend is located in San Francisco’s SOMA district and features one-, two- and three-bedroom homes.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• 78 assigned parking spaces
Date on Market: Feb ‘15
• Outdoor terraces / balcony (select units only)
First Close of Escrow: N/A
• Urban city and water bay views
Closed: 25
Developer: KB Home Submarket: South Beach Number of Homes: 74 HOA: $700-$900/mo.
• Concierge services
Avg. Monthly Absorption: 3.8 Units
In Contract: 26
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1.-BED
14
725 -
$955,000 - $1,399,000
$1,317 -
1.5-BED
20
876 -
$1,021,250 - $1,695,000
$1,166 -
2-BED
24
1,155 -
$1,496,000 - $1,695,000
$1,295 -
2.5-BED
12
1,234 -
$1,520,000 - $1,656,250
$1,232 -
3-BED
4
1,973 -
N/A -
N/A -
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 18
DISTRICT 6
388 FULTON 388 FULTON ST DESCRIPTION
388 Fulton is a 69-unit development in the Hayes Valley, featuring modern studios, one- and two-bedroom homes.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Rooftop deck
Date on Market: Mar ‘16
• Work-lounge space
First Close of Escrow: N/A
• Courtyard
In Contract: 30
• Indoor bike parking & work station
Closed: 0
Developer: 7x7 Development Submarket: Hayes Valley Number of Homes: 69 HOA: N/A
• WiFi in Common Areas
Avg. Monthly Absorption: 15.0 Units
• Secured entry FINISHES
• Bertazzoni professional kitchen appliances
UNIT MIX & LIST PRICE SUMMARY
• Bosch built-in dishwasher • Blomberg built-in refrigerator • Natural white oak flooring • Operable windows • Washer/dryer hook ups
TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
STUDIO
326 - 404
$500,000 -
$1,534 -
1-BED
404 - 559
$600,000 -
$1,485 -
2-BED
701 - 779
$850,000 -
$1,213 -
• Kohler Archer bathrub • Grohe fixtures CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 19
DISTRICT 6
450 HAYES 450 HAYES ST DESCRIPTION
Designed by Handel Architects, 450 Hayes features 41 homes with 3,700 square foot ground-floor retail space.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Rooftop lounge
Date on Market: Jan ‘16
• Courtyard
First Close of Escrow: N/A
• Virtual doorman
In Contract: 37
• Curated retail
Closed: 0
Developer: DM Development Submarket: Hayes Valley Number of Homes: 41 HOA: TBD
Avg. Monthly Absorption: 12.2Units FINISHES
• Wide-plank oak flooring • SieMatic kitchens finished with Lotus White with solid quartz countertops
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1.-BED
24
622 -
$830,000 -
$1,334 -
2-BED
16
1,234 -
$1,682,000 -
$1,363 -
3-BED
1
-
-
-
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 20
DISTRICT 7
LUXE 1650 BROADWAY ST DESCRIPTION
Located in Pacific Heights, Luxe consists of 34 luxury condominiums. It is designed by award-winning architecture firm, Forum Design.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• $100K for extra parking
Date on Market: Oct ‘15
• 10-hour concierge
First Close of Escrow: N/A
Developer: Belrich Partners Submarket: Pacific Heights Number of Homes: 34 HOA: $800-$1,000/mo.
In Contract: 18 FINISHES
• Spacious balconies
Closed: 0 Avg. Monthly Absorption: 3.0 Units
• Custom kitchen & bathroom vanity by Studio Becker • CeasarStone quartz contertops • Thermador appliances • Subzero refrigerators
UNIT MIX & LIST PRICE SUMMARY
• Subzero / Uline wine coolers • Hansgrohe faucets
TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
• Italian porcelain tiles
1-BED
9
816 - 1,103
$1,150,000 -
$1,409 -
• Frameless glass shower enclosures
2-BED
10
1,040 - 1,129
$2,100,000 -
$2,019 -
3-BED
11
1,394 - 1,943
$2,195,000 -
$1,575 -
PH
2
1,930 - 1,965
$5,000,000 -
$2,591 -
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
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ABOUT POLARIS PACIFIC
PAGE 21
DISTRICT 9
1001 SEVENTEENTH 1001 17TH ST DESCRIPTION
Located in Potrero Hill, 1001 Seventeenth consists of 26 luxury condominiums designed by Elevation Architects.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Bicycle storage
Date on Market: Nov ‘15
• Alarm systems
First Close of Escrow: N/A
• Solar ready
In Contract: 14
Developer: Eamonn Herlihy Submarket: Potrero Hill Number of Homes: 26 HOA: $420-$505/mo.
Closed: 9 FINISHES
Avg. Monthly Absorption: 4.5 Units
• Wide-planked oak flooring • High ceilings • Stainless steel appliances • Pental Quartz countertops UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
STUDIO
3
525 - 525
$625,000 -
$1,190 -
1-BED
12
540 - 935
$680,000 -
$1,259 -
2-BED
11
880 - 1,135
$1,050,000 -
$1,193 -
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 22
DISTRICT 9
6 MINT 6 MINT PL DESCRIPTION
Station House #1 at 6 Mint Plaza was built in a San Francisco Fire Department firehouse. The building was renovated and repositioned to apartments in 2007 before it was converted to condominiums in 2015.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Rooftop deck with spa
Date on Market: May ‘15
• Private fitness center
First Close of Escrow: N/A
Developer: Veritas Investments / Carlyle Group Submarket: SOMA Number of Homes: 22 HOA: N/A
In Contract: Confidential FINISHES
• Warehouse-style windows
Closed: 0 Avg. Monthly Absorption: N/A
• Polished concrete floors • Private walk-out balconies • Designer kitchen & baths UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1-BED
9
677 - 698
-
-
2-BED
12
838 - 995
-
-
3-BED
3
1,931 - 1,931
-
PH
1
3,390 -
-
-
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 23
RECENTLY SOLD OUT DEVELOPMENTS THAT SOLD OUT IN 2015
SAN FRANCISCO PROJECT NAME
SAPPHIRE TOTAL
ADDRESS
252 9TH ST
DEVELOPER
STANLEY CHIA
UNITS
51 15
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 24
DISTRICT 9
SAPPHIRE 252 9TH ST DESCRIPTION
Located in SOMA, with close proximity to Twitter and Mid-Market tech hub, Sapphire features 12 modern new residences.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
• Skyline city views
Date on Market: Oct ‘15
• Rooftop deck
First Close of Escrow: N/A
• Dog walking area
In Contract: 0
• Bike room
Closed: 15
Developer: Stanley Chia Submarket: SOMA Number of Homes: 15 HOA: $430-$444/mo.
Avg. Monthly Absorption: 3.0 Units FINISHES
• Oak wide-plank flooring • Large loft-style windows • Stainless steel appliances • Bertazzoni range • Designer bathroom with a Toto toilet and ceramic tile
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
• Washer / dryer hookups
1-BED
634 - 764
$739,000 - $889,000
$1,164 - $1,166
• Additional storage
2-BED
715 - 715
$829,000 - $859,000
$1,159 - $1,201
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 25
PAST RESALE DEVELOPMENTS DISTRICT 5 PROJECT NAME
ADDRESS
DEVELOPER
LINEA
1998 MARKET ST
BRIAN SPIERS DEVELOPMENT
115
BRODERICK PLACE
350 BRODERICK ST
SIGNATURE PROPERTIES
70
CHELSEA PARK
29 OAKWOOD ST
CULLEN PROPERTIES
39
THE CENTURY
2200 MARKET ST
SIAVASH TAHBAZOF
22
ICON
2299 MARKET ST
ANGUS MACCARTHY
18
200 DOLORES
200 DOLORES ST
CORVORN, LLC
13
TOTAL
UNITS
277
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 26
DISTRICT 5
LINEA 1998 MARKET ST PROJECT INFORMATION Developer: Brian Spiers Development Submarket: Duboce Triangle Number of Homes: 115 HOA Fees: $450-$660
Sales Start Date: Jul ’13 Sales End Date: Nov ’14 Avg. Absorption: 7.1 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
-
$835,000
-
-
-
14
2-BED AVGS
1
963
$1,155,000
$1,199
-
-
151
-
-
-
-
-
-
-
-
1-BED AVGS
5
773
$758,170
$996
$781,400
$1,022
67
2-BED AVGS
5
1,048
$1,274,800
$1,212
$1,257,800
$1,195
93
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 5
BRODERICK PLACE 350 BRODERICK ST PROJECT INFORMATION Developer: Signature Properties Submarket: Haight Ashbury Number of Homes: 70 HOA Fees: $370-$420
Sales Start Date: Feb ’06 Sales End Date: May ’07 Avg. Absorption: 4.5 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
690
$725,000
$1,051
$800,000
$1,159
10
2-BED AVGS
3
1,037
$1,031,000
$997
$1,086,667
$1,048
14
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 27
DISTRICT 5
CHELSEA PARK 29 OAKWOOD ST PROJECT INFORMATION Developer: Cullen Properties Submarket: Mission Dolores Number of Homes: 39 HOA Fees: $355-$470
Sales Start Date: Jan ’08 Sales End Date: Mar ’09 Avg. Absorption: 2.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
666
$749,000
$1,125
$960,000
$1,441
13
2-BED AVGS
2
1,510
$1,162,000
$1,010
$1,280,000
$1,060
19
3-BED AVGS
1
-
$1,495,000
-
$1,540,000
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 5
THE CENTURY 2200 MARKET ST PROJECT INFORMATION Developer: Siavash Tahbazof Submarket: Duboce Triangle Number of Homes: 22 HOA Fees: $430-$490
Sales Start Date: Oct ’13 Sales End Date: Jun ’14 Avg. Absorption: 2.7 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
789
$949,000
$1,266
$1,010,009
$1,299
20
2-BED AVGS
2
1,139
$1,447,000
$1,269
$1,495,000
$1,311
29
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 28
DISTRICT 5
ICON 2299 MARKET ST PROJECT INFORMATION Developer: Angus McCarthy Submarket: Duboce Triangle Number of Homes: 18 HOA Fees: $385-$520
Sales Start Date: Jun ’12 Sales End Date: Nov ’13 Avg. Absorption: 1.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 5
200 DOLORES 200 DOLORES ST PROJECT INFORMATION Developer: Corvorn, LLC Submarket: Duboce Tiangle Number of Homes: 13 HOA Fees: $450-$630
Sales Start Date: Jul ’13 Sales End Date: Oct ’13 Avg. Absorption: 12.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
615
$725,000
$1,179
$730,000
$1,187
175
2-BED AVGS
1
1,393
$1,750,000
$1,256
$1,828,000
$1,312
27
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 29
PAST RESALE DEVELOPMENTS DISTRICT 6 PROJECT NAME
ADDRESS
DEVELOPER
UNITS
THE HAYES
55 PAGE ST
INTRACORP
128
HERITAGE ON FILLMORE
1310 FILLMORE ST
EM JOHNSON INTREST, INC.
80
300 IVY
401 GROVE ST
POCKET DEVELOPMENT
63
ALAMO SQUARE
988 FULTON ST
988 HOLDINGS, LLC
63
77 VAN NESS
77 VAN NESS AVE
COMAC
50
8 OCTAVIA
8 OCTAVIA BLVD
DM DEVELOPMENT
47
400 GROVE
400 GROVE ST
DM DEVELOPMENT
34
LINDEN HAYES
233 FRANKLIN ST
VILLAGE PROPERTIES
32
2000 ELLIS
2000 ELLIS ST
WESTERN ADDITION
21
2020 ELLIS
2020 ELLIS ST
JOHN MCINERNEY
12
TOTAL
530
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 30
DISTRICT 6
THE HAYES 55 PAGE ST PROJECT INFORMATION Developer: Intracorp Submarket: Hayes Valley Number of Homes: 128 HOA Fees: $300-$500
Sales Start Date: Jun ’07 Sales End Date: Jun ’09 Avg. Absorption: 5.3 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
1
1,008
$1,249,000
$1,239
-
-
13
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
847
$1,139,000
$1,345
-
-
39
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
5
449
$543,200
$1,239
$607,800
$1,364
15
1-BED AVGS
7
746
$880,714
$1,182
$952,857
$1,293
17
2-BED AVGS
2
1,023
$1,169,500
$1,162
$1,306,500
$1,336
16
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 6
HERITAGE ON FILLMORE 1310 FILLMORE ST PROJECT INFORMATION Developer: EM Johnson Interest, Inc. Submarket: Western Addition Number of Homes: 80 HOA Fees: $460-$640
Sales Start Date: Feb ’07 Sales End Date: Apr ’09 Avg. Absorption: 3.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,275
$1,095,000
$859
-
-
95
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
4
807
$754,222
$937
$757,000
$941
26
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 31
DISTRICT 6
300 IVY 401 GROVE ST PROJECT INFORMATION Developer: Pocket Development Submarket: Hayes Valley Number of Homes: 63 HOA Fees: $410-$650
Sales Start Date: May ’13 Sales End Date: Dec ’13 Avg. Absorption: 8.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SOLD PRICE
SOLD PSF
DOM
DISTRICT 6
ALAMO SQUARE 988 FULTON ST PROJECT INFORMATION Developer: 988 Holdings, LLC Submarket: Western Addition Number of Homes: 63 HOA Fees: $400-$500
Sales Start Date: Oct ’05 Sales End Date: Nov ’06 Avg. Absorption: 4.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
3-BED AVGS
1
1,260
$1,095,000
$869
-
-
179
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
5
-
$619,180
-
$713,700
-
26
2-BED AVGS
1
994
$789,000
$794
$925,000
$931
14
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 32
DISTRICT 6
77 VAN NESS 77 VAN NESS AVE PROJECT INFORMATION Developer: Comac Submarket: Hayes Valley Number of Homes: 50 HOA Fees: $460-$620
Sales Start Date: Sep ’09 Sales End Date: Mar ’10 Avg. Absorption: 5.5 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
1
975
$999,000
$1,025
-
-
12
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
946
$799,000
$845
$870,000
$920
27
2-BED AVGS
1
1,140
$1,095,000
$961
$1,095,000
$961
22
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 6
8 OCTAVIA 8 OCTAVIA BLVD PROJECT INFORMATION Developer: DM Development Submarket: Hayes Valley Number of Homes: 47 HOA Fees: $625-$700
Sales Start Date: May ’14 Sales End Date: May ’15 Avg. Absorption: 3.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 33
DISTRICT 6
400 GROVE 400 GROVE ST PROJECT INFORMATION Developer: DM Development Submarket: Hayes Valley Number of Homes: 34 HOA Fees: $600-$950
Sales Start Date: May ’15 Sales End Date: Jul ’15 Avg. Absorption: 17.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 6
LINDEN HAYES 233 FRANKLIN ST PROJECT INFORMATION Developer: Village Builders Submarket: Hayes Valley Number of Homes: 32 HOA Fees: $395-$550
Sales Start Date: Mar ’10 Sales End Date: Nov ’10 Avg. Absorption: 3.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,360
$1,250,000
$919
$1,445,000
$1,063
14
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 34
DISTRICT 6
2000 ELLIS 2000 ELLIS ST PROJECT INFORMATION Developer: John McInerney Submarket: Westen Addition Number of Homes: 21 HOA Fees: $365-$395
Sales Start Date: Aug ’13 Sales End Date: Dec ’13 Avg. Absorption: 5.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
644
$574,000
$888
$710,000
$1,107
13
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
ACTIVE
PENDING
SOLD
DISTRICT 6
2020 ELLIS 2020 ELLIS ST PROJECT INFORMATION Developer: John McInerney Submarket: Western Addition Number of Homes: 12 HOA Fees: N/A
Sales Start Date: Mar ’12 Sales End Date: Jun ’13 Avg. Absorption: 3.3 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
650
$612,000
$942
$642,500
$989
2
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 35
PAST RESALE DEVELOPMENTS DISTRICT 7 PROJECT NAME
ADDRESS
DEVELOPER
THE GREENWICH
1501 GREENWICH ST
J.C.N. DEVELOPERS
29
AMERO
1501 FILBERT ST
TRUMARK URBAN
27
1840 WASHINGTON
1840 WASHINGTON ST
WORLDCO COMPANY
26
TOTAL
UNITS
82
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 36
DISTRICT 7
THE GREENWICH 1501 GREENWICH ST PROJECT INFORMATION Developer: J.C.N. Developers Submarket: Cow Hollow Number of Homes: 29 HOA Fees: $400-$510
Sales Start Date: Feb ’08 Sales End Date: Oct ’09 Avg. Absorption: 1.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
860
$748,500
$869
$885,000
$1,029
13
2-BED AVGS
3
1,046
$1,257,667
$1,206
$1,272,000
$1,217
62
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 7
AMERO 1501 FILBERT ST PROJECT INFORMATION Developer: Trumark Urban Submarket: Cow Hollow Number of Homes: 27 HOA Fees: $600-$790
Sales Start Date: Aug ’14 Sales End Date: Feb ’15 Avg. Absorption: 4.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 37
DISTRICT 7
1840 WASHINGTON 1840 WASHINGTON ST PROJECT INFORMATION Developer: Worldco Company Submarket: Pacific Heights Number of Homes: 26 HOA Fees: $410-$545
Sales Start Date: Dec ’11 Sales End Date: Jun ’12 Avg. Absorption: 3.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
1
1,108
$1,196,000
$1,079
-
-
4
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
4
805
$862,000
$1,071
$918,750
$1,142
15
2-BED AVGS
2
1,109
$1,167,500
$1,053
$1,165,000
$1,051
27
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 38
PAST RESALE DEVELOPMENTS DISTRICT 8 PROJECT NAME
ADDRESS
DEVELOPER
UNITS
SYMPHONY TOWERS
750 VAN NESS AVE
WEST BAY BUILDERS
130
MARLOW
1788 CLAY ST
OYSTER DEVELOPMENT
98
733 FRONT ST
733 FRONT ST
ATLANTIC PACIFIC PARTNERS
69
BOOK CONCERN BLDG.
83 MCALLISTER ST
GROUP I
60
RITZ CARLTON RESIDENCES
690 MARKET ST
HCT INVESTMENTS
59
THE ARTANI
818 VAN NESS AVE
GEORGE NCNABB
52
THE ROYAL
201 SANSOME ST
ATLANTIC PACIFIC PARTNERS
46
1645 PACIFIC
1645 PACIFIC ST
GROSVENOR AMERICAS
39
901 BUSH
901 BUSH ST
CASSIDY CONSTRUCTION
38
BLANC
1080 SUTTER ST
JS SULLIVAN DEVELOPMENT
35
THE ODEON
181 O’FARRELL ST
UNION PROPERTY CAPITAL
29
THE GARFIELD
942 MARKET ST
HCT INVESTMENTS
28
AXIS
1299 BUSH ST
MAURICE CASEY / MIKE JOYCE
26
1355 PACIFIC
1355 PACIFIC AVE
MCGALKEN, LLC
23
THE HEIGHTS
2829 CALIFORNIA ST
RAY STEFFEN / CHARLES CASTRO
13
TOTAL
745
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 39
DISTRICT 8
SYMPHONY TOWERS 750 VAN NESS AVE PROJECT INFORMATION Developer: West Bay Builders Submarket: Van Ness / Civic Center Number of Homes: 130 HOA Fees: $300-$500
Sales Start Date: May ’07 Sales End Date: Mar ’12 Avg. Absorption: 2.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
STUDIO AVGS
1
-
$549,000
-
-
-
31
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
5
394
$419,750
$1,001
$448,600
$1,107
100
1-BED AVGS
4
847
$734,000
$937
$793,750
$1,025
26
2-BED AVGS
1
1,152
$1,100,000
$955
$1,130,000
$981
25
LIST PSF
SOLD PRICE
SOLD PSF
DOM
ACTIVE
PENDING
SOLD
#LISTINGS
DISTRICT 8
MARLOW 1788 CLAY ST PROJECT INFORMATION Developer: Oyster Development Submarket: Russian Hill Number of Homes: 98 HOA Fees: $550-$675
Sales Start Date: Apr ’13 Sales End Date: Mar ’14 Avg. Absorption: 8.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 40
DISTRICT 8
733 FRONT 733 FRONT ST PROJECT INFORMATION Developer: Atlantic Pacific Partners Submarket: Barbary Coast Number of Homes: 69 HOA Fees: $500-$750
Sales Start Date: Apr ’07 Sales End Date: May ’08 Avg. Absorption: 5.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
890
$1,200,000
$1,348
$1,200,000
$1,348
-
2-BED AVGS
3
1,320
$1,779,333
$1,339
$1,925,000
$1,452
3
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 8
BOOK CONCERN BLDG. 83 MCALLISTER ST PROJECT INFORMATION Developer: Group I Submarket: Van Ness / Civic Center Number of Homes: 60 HOA Fees: $275-$360
Sales Start Date: May ’06 Sales End Date: Feb ’10 Avg. Absorption: 1.1 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
6
517
$412,714
$1,335
$461,547
$1,393
47
1-BED AVGS
1
412
$470,000
$1,141
$490,000
$1,189
42
2-BED AVGS
1
555
$548,800
$989
$515,000
$928
186
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 41
DISTRICT 8
RITZ-CARLTON RESIDENCES 690 MARKET ST PROJECT INFORMATION Developer: HCT Investments Submarket: Financial District Number of Homes: 59 HOA Fees: $1,000-$4,000
Sales Start Date: May ’06 Sales End Date: Jan ’10 Avg. Absorption: 1.3 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
2
1,446
$1,887,500
$1,305
-
-
92
3-BED AVGS
1
1,900
$2,988,000
$1,573
-
-
47
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
1,001
$1,174,760
$1,178
$1,112,500
$1,117
207
2-BED AVGS
4
1,699
$2,027,250
$1,211
$1,991,250
$1,190
109
3-BED AVGS
4
1,930
$2,684,500
$1,357
$2,397,000
$1,320
171
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 8
THE ARTANI 818 VAN NESS AVE PROJECT INFORMATION Developer: George McNabb Submarket: Van Ness / Civic Center Number of Homes: 52 HOA Fees: $350-$600
Sales Start Date: Mar ’12 Sales End Date: N/A Avg. Absorption: 1.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
3
791
$715,667
$884
$773,333
$1,011
22
2-BED AVGS
2
1,012
$992,500
$981
$1,087,000
$1,075
13
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 42
DISTRICT 8
THE ROYAL 201 SANSOME ST PROJECT INFORMATION Developer: Atlantic Pacific Partners Submarket: Financial District Number of Homes: 46 HOA Fees: $455-$635
Sales Start Date: Jun ’05 Sales End Date: May ’08 Avg. Absorption: 1.3 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
5
697
$720,200
$1,079
$739,300
$1,109
20
2-BED AVGS
1
985
$1,050,000
$1,066
$1,050,000
$1,066
12
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 8
1645 PACIFIC 1645 PACIFIC ST PROJECT INFORMATION Developer: Grosvenor Americas Submarket: Nob Hill Number of Homes: 39 HOA Fees: $475-$625
Sales Start Date: Jun ’14 Sales End Date: Aug ’14 Avg. Absorption: 18.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
875
$799,000
$856
$960,500
$1,138
16
2-BED AVGS
4
1,311
$1,578,500
$1,202
$1,617,500
$1,240
40
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 43
DISTRICT 8
901 BUSH 901 BUSH ST PROJECT INFORMATION Developer: Cassidy Construction Submarket: Downtown Number of Homes: 38 HOA Fees: $265-$340
Sales Start Date: Jul ’08 Sales End Date: Sep ’10 Avg. Absorption: 1.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
2
560
$457,500
$786
$463,000
$804
48
1-BED AVGS
13
670
$607,146
$902
$630,246
$888
34
2-BED AVGS
2
928
$885,000
$943
$901,500
$943
25
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 8
BLANC 1080 SUTTER ST PROJECT INFORMATION Developer: JS Sullivan Development Submarket: Downtown Number of Homes: 35 HOA Fees: $485-$680
Sales Start Date: Aug ’13 Sales End Date: Mar ’14 Avg. Absorption: 5.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
601
$623,500
$997
$740,000
$1,198
19
2-BED AVGS
1
753
$699,000
$928
$770,000
$1,023
28
3-BED AVGS
3
1,355
$1,405,000
$1,043
$1,505,000
$1,108
40
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 44
DISTRICT 8
THE ODEON 181 O’FARRELL ST PROJECT INFORMATION Developer: Union Property Capital Submarket: Downtown Number of Homes: 29 HOA Fees: $550-$625
Sales Start Date: Aug ’06 Sales End Date: Jun ’07 Avg. Absorption: 2.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
1,080
$969,000
$897
$978,000
$906
49
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 8
THE GARFIELD 942 MARKET ST PROJECT INFORMATION Developer: HCT Investments Submarket: Downtown Number of Homes: 28 HOA Fees: $470-$675
Sales Start Date: Sep ’08 Sales End Date: Sep ’10 Avg. Absorption: 1.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
741
$599,000
$808
$760,000
$1,026
11
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 45
DISTRICT 8
AXIS 1299 BUSH ST PROJECT INFORMATION Developer: Maurice Casey / Mike Joyce Submarket: Downtown Number of Homes: 26 HOA Fees: $385-$520
Sales Start Date: Nov ’10 Sales End Date: Mar ’12 Avg. Absorption: 1.5 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
601
$623,500
$997
$740,000
$1,198
19
2-BED AVGS
1
753
$699,000
$928
$770,000
$1,023
28
3-BED AVGS
3
1,355
$1,405,000
$1,043
$1,505,000
$1,108
40
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 8
1355 PACIFIC 1355 PACIFIC AVE PROJECT INFORMATION Developer: McGalken, LLC Submarket: Russian Hill Number of Homes: 23 HOA Fees: $380-$430
Sales Start Date: Apr ’10 Sales End Date: Mar ’11 Avg. Absorption: 2.1 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
880
$998,000
$1,134
$1,225,000
$1,392
13
2-BED AVGS
1
1,040
$1,095,000
$1,053
$1,100,000
$1,058
13
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 46
DISTRICT 8
THE HEIGHTS 2829 CALIFORNIA ST PROJECT INFORMATION Developer: Ray Steffen / Charles Castro Submarket: Pacific Heights Number of Homes: 13 HOA Fees: $300-$600
Sales Start Date: Oct ’12 Sales End Date: Jun ’13 Avg. Absorption: 1.7 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
2
1,739
$1,849,000
$1,063
-
-
32
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
2
1,769
$1,899,000
$1,073
$2,455,000
$1,388
15
3-BED AVGS
2
1,582
$1,799,000
$1,137
$2,135,000
$1,350
13
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 47
PAST RESALE DEVELOPMENTS DISTRICT 9 PROJECT NAME
ADDRESS
DEVELOPER
UNITS
THE BEACON
250-260 KING ST
CENTURION REAL ESTATE
595
MILLENIUM TOWER
301 MISSION ST
MILLENNIUM PARTNERS
419
ONE RINCON
425 1ST ST
URBAN WEST ASSOCIATES
396
THE INFINTIY-TOWER I
301-333 MAIN ST
TISHMAN SPEYER
365
THE METROPOLITAN
333 & 355 1ST ST
CRESCENT HEIGHTS
342
MADRONE
420 MISSION BAY BLVD
BOSA DEVELOPMENT
329
THE BRANNAN
219-239 BRANNAN ST
RELIANCE DEVELOPMENT CO.
328
THE PALMS
555 4TH ST
CASSIDY CONSTRUCTION
301
INFINITY-TOWER II
338 SPEAR ST
TISHMAN SPEYER
285
ARTERRA
300 BERRY ST
INTRACORP
269
ARDEN
718 LONG BRIDGE ST
BOSA DEVELOPMENT
267
SOMA GRAND
1160 MISSION ST
AGI CAPITAL / TMG PARTNERS
246
888 SEVENTH STREET
888 7TH ST
AF EVANS
224
140 SOUTH VAN NESS
140 S. VAN NESS AVE
CHARIOT SVN
208
170 OFF THIRD
170 KING ST
SECURITY PROPERTIES
201
YERBA BUENA LOFTS
855 FOLSOM ST
ED TANSEV
200
199 NEW MONTGOMERY
199 NEW MONTGOMERY ST
MONAHAN PACIFIC
166
ONE HAWTHORNE
1 HAWTHORNE ST
JACKSON PACIFIC VENTURES
165
THE POTRERO
451 KANSAS ST
LAMBERT DEVELOPMENT
165
FOUR SEASONS
765 MARKET ST
MILLENNIUM PARTNERS
142
BLU
601 FOLSOM ST
LENNAR URBAN
142
THE WATERMARK
501 BEALE ST
LEND LEASE
136
PARK TERRACE
325 BERRY ST
OPUS WEST
136
VIDA
2558 MISSION ST
OYSTER DEVELOPMENT
114
88 TOWNSEND
88 TOWNSEND ST
ROSENBERG CO.
109
THE MONTGOMERY
74 NEW MONTGOMERY
NEW URBAN PROPERTIES
107
ST. REGIS RESIDENCES
188 MINNA ST
STARWOOD HOTELS / CARPENTER & CO
102
RADIANCE
330 MISSION BAY BLVD
BOSA DEVELOPMENT
99
235 BERRY
235 BERRY ST
SIGNATURE PROPERTIES
99
CUBIX
766 HARRISON ST
FIRST CITIZENS BANK
98
THE LANSING
40-45 LANSING ST
LAMBERT DEVELOPMENT
82
SHIPLEY SQUARE
821 FOLSOM ST
WILSON MEANY
78
UNION
2125 BRYANT ST
BY PALISADES
76
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 48
PAST RESALE DEVELOPMENTS DISTRICT 9 - CONTINUED PROJECT NAME
ADDRESS
DEVELOPER
UNITS
ESPRIT PARK-SOUTH
900 MINNESOTA ST
MACQUARIE HOLDINGS
75
ESPRIT PARK-NORTH
850 MINNESOTA ST
MACQUARIE HOLDINGS
67
SIERRA HEIGHTS
25 SIERRA ST
R GROUP
66
555 BARTLETT
3240 CESAR CHAVEZ ST
SEVEN HILLS PROPERTIES
60
THE MINT COLLECTION
410 JESSIE ST
THE MARTIN BUILDING COMPANY
52
1 ECKER
16 JESSIE ST
THE PAULS CORPORATION
51
310 TOWNSEND
310 TOWNSEND ST
SANTA FE PROPERTIES
45
FIFTEEN FIFTEEN
1515 15TH ST
JS SULLIVAN DEVELOPMENT
40
MISSION @ 1875
1875 MISSION ST
CORVORN PROPERTIES, LLC
39
299 VALENCIA
299 VALENCIA ST
JS SULLIVAN DEVELOPMENT
36
MILLWHEEL NORTH
1265 INDIANA ST
R GROUP
36
ONE SOUTH PARK
1 SOUTH PARK AVE
SANTA FE PROPERTIES
35
MOSAICA 601
601 ALABAMA ST
CITIZENS HOUSINGS CORP.
34
35 DOLORES
35 DOLORES
LIGHTNER PROPERTY GROUP
33
MILLWHEEL SOUTH
1301 INDIANA ST
R GROUP
32
THE CITRINO
566 S. VAN NESS AVE
DOLMEN PROPERTY GROUP
32
THE OLYMPIA
501 DONAHUE ST
LENNAR URBAN
25
VALENCIA 270
270 VALENCIA ST
BRIAN SPIERS DEVELOPMENT
24
2200 MISSION
2200 MISSION ST
H&A INVESTMENTS
23
870 HARRISON
870 HARRISON ST
JS SULLIVAN DEVELOPMENT
22
ONYX ON THE PARK
310 CAROLINA ST
SEAN KEIGHRAN
21
788 MINNA
788 MINNA ST
EAMONN HERLIHY
20
ONYX
415 DE HARO ST
SEAN KEIGHRAN
20
V20
3590 20TH ST
BROWN & CO
18
3500 19TH STREET
3500 19TH ST
TOM MURPHY
17
411 VALENCIA
411 VALENCIA ST
PHILLIP MCCARTHY
16
616 20TH STREET
616 20TH ST
616 20TH STREET HOMES, LLC
16
750 2ND
750 2ND ST
MORGAN CREEK VENTURES
14
TOTAL
7,960
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 49
DISTRICT 9
THE BEACON 250-260 KING ST PROJECT INFORMATION Developer: Centurion Real Estate Submarket: South Beach Number of Homes: 595 HOA Fees: $500-$800
Sales Start Date: Jul ’05 Sales End Date: Jul ’07 Avg. Absorption: 23.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
1
982
$899,000
$915
-
-
11
2-BED AVGS
3
1,242
$1,379,000
$1,218
-
-
25
3-BED AVGS
1
-
$1,750,000
-
-
-
20
1-BED AVGS
1
962
$849,000
$883
-
-
26
1-BED AVGS
5
904
$824,800
$915
-
-
97
-
-
-
-
-
-
-
-
STUDIO AVGS
8
644
$611,725
$952
$637,488
$991
29
1-BED AVGS
28
821
$732,300
$897
$739,480
$905
38
2-BED AVGS
23
1,194
$1,102,126
$937
$1,159,273
$979
41
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
MILLENNIUM TOWER 301 MISSION ST PROJECT INFORMATION Developer: Millennium Partners Submarket: SOMA - Yerba Buena Number of Homes: 419 HOA Fees: $450-$650
Sales Start Date: Nov ’07 Sales End Date: Apr ’13 Avg. Absorption: 9.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
1-BED AVGS
2
1,233
$1,725,000
$1,380
-
-
27
2-BED AVGS
7
1,957
$4,183,429
$2,010
-
-
103
3-BED AVGS
2
2,743
$6,497,000
$2,278
-
-
70
1-BED AVGS
1
1,633
$2,199,000
$1,347
-
-
23
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
8
879
$1,504,625
$1,477
$1,476,313
$1,436
47
2-BED AVGS
16
1,742
$3,165,875
$1,742
$3,084,375
$1,697
36
3-BED AVGS
1
1,601
$2,600,000
$1,624
$2,450,000
$1,530
123
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 50
DISTRICT 9
ONE RINCON 425 1ST ST PROJECT INFORMATION Developer: Urban West Associates Submarket: Rincon Hill Number of Homes: 396 HOA Fees: $700-$1,000
Sales Start Date: Jan ’06 Sales End Date: Nov ’12 Avg. Absorption: 7.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
1
755
$1,269,000
$1,681
-
-
40
2-BED AVGS
2
1,274
$2,272,500
$1,771
-
-
68
3-BED AVGS
1
1,677
$3,995,000
$2,382
-
-
32
2-BED AVGS
1
1,309
$2,199,000
$1,680
-
-
74
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
20
775
$1,054,250
$1,381
$1,067,300
$1,398
36
2-BED AVGS
10
1,292
$1,867,400
$1,441
$1,821,600
$1,406
42
3-BED AVGS
4
2,151
$2,922,250
$1,397
$2,895,000
$1,374
66
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
THE INFINITY-TOWER I 301-333 MAIN ST PROJECT INFORMATION Developer: Tishman Speyer Submarket: South Beach Number of Homes: 365 HOA Fees: $630-$1,540
Sales Start Date: Jun ’06 Sales End Date: Sep ’09 Avg. Absorption: 9.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
2-BED AVGS
5
1,249
$1,988,378
$1,589
-
-
28
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,317
$2,150,000
$1,632
-
-
9
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
809
$1,404,500
$1,736
$1,362,500
$1,684
34
2-BED AVGS
20
1,303
$1,955,350
$1,495
$1,943,125
$1,493
39
3-BED AVGS
2
1,645
$2,845,000
$1,725
$2,687,500
$1,631
107
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 51
DISTRICT 9
THE METROPOLITAN 333 & 355 1ST ST PROJECT INFORMATION Developer: Crescent Heights Submarket: South Beach Number of Homes: 342 HOA Fees: $520-$650
Sales Start Date: Mar ’04 Sales End Date: Feb ’05 Avg. Absorption: 30.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
1
1,408
$1,950,000
$1,385
-
-
4
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
709
$899,000
$1,268
-
-
123
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
-
$549,000
-
$590,000
-
17
1-BED AVGS
10
721
$851,400
$1,290
$866,350
$1,296
39
2-BED AVGS
14
1,299
$1,446,786
$1,253
$1,457,000
$1,257
41
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
MADRONE 420 MISSION BAY BLVD PROJECT INFORMATION Developer: BOSA Development Submarket: Mission Bay Number of Homes: 329 HOA Fees: $715-$900
Sales Start Date: Jul ’11 Sales End Date: Feb ’13 Avg. Absorption: 17.7 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
1,074
$1,149,000
$1,070
-
-
34
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
6
974
$971,667
$998
$999,000
$1,024
38
2-BED AVGS
8
1,354
$1,455,125
$1,073
$1,500,625
$1,110
19
3-BED AVGS
4
1,757
$2,195,000
$1,238
$2,256,250
$1,273
22
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 52
DISTRICT 9
THE BRANNAN 219-239 BRANNAN ST PROJECT INFORMATION Developer: Reliance Development Co. Submarket: South Beach Number of Homes: 328 HOA Fees: $700-$825
Sales Start Date: Oct ’99 Sales End Date: Jan ’03 Avg. Absorption: 8.3 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
1
1,173
$1,995,000
$1,701
-
-
103
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ACTIVE
PENDING
SOLD
#LISTINGS
1-BED AVGS
4
846
$850,975
$1,009
$845,000
$1,004
50
2-BED AVGS
12
1,292
$1,680,833
$1,346
$1,742,917
$1,399
22
3-BED AVGS
1
1,694
$2,495,000
$1,473
$2,495,000
$1,473
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
THE PALMS 555 4TH ST PROJECT INFORMATION Developer: Cassidy Construction Submarket: SOMA Number of Homes: 301 HOA Fees: $300-$900
Sales Start Date: Nov ’05 Sales End Date: Apr ’08 Avg. Absorption: 10.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
3
495
$535,333
$1,125
$561,667
$1,140
55
1-BED AVGS
16
751
$777,168
$1,051
$819,707
$1,110
25
2-BED AVGS
11
1,137
$1,175,345
$1,031
$1,251,455
$1,089
36
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 53
DISTRICT 9
THE INFINITY-TOWER II 338 SPEAR ST PROJECT INFORMATION Developer: Tishman Speyer Submarket: South Beach Number of Homes: 285 HOA Fees: $700-$1,100
Sales Start Date: Feb ’09 Sales End Date: Mar ’11 Avg. Absorption: 11.3 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
2
-
$2,824,500
-
-
-
35
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
808
$1,525,000
$1,887
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
538
$699,000
$1,299
$753,000
$1,400
18
1-BED AVGS
10
821
$974,800
$1,197
$966,389
$1,188
43
2-BED AVGS
6
1,216
$2,140,167
$1,295
$2,091,833
$1,274
79
LIST PSF
SOLD PRICE
SOLD PSF
DOM
ACTIVE
PENDING
SOLD
#LISTINGS
DISTRICT 9
ARTERRA 300 BERRY ST PROJECT INFORMATION Developer: Intracorp Submarket: Mission Bay Number of Homes: 269 HOA Fees: $400-$600
Sales Start Date: Jun ’06 Sales End Date: Mar ’10 Avg. Absorption: 5.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
1-BED AVGS
1
718
$980,000
$1,365
-
-
15
3-BED AVGS
1
1,278
$1,280,000
$1,002
-
-
4
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
15
731
$790,393
$1,080
$838,727
$1,139
5
2-BED AVGS
3
968
$1,118,000
$1,126
$1,170,000
$1,178
10
3-BED AVGS
2
1,260
$1,238,500
$983
$1,300,500
$1,032
11
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 54
DISTRICT 9
ARDEN 718 LONG BRIDGE ST PROJECT INFORMATION Developer: BOSA Development Submarket: Mission Bay Number of Homes: 267 HOA Fees: $700-$900
Sales Start Date: May ’14 Sales End Date: Jan ’15 Avg. Absorption: 43.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
SOMA GRAND 1160 MISSION ST PROJECT INFORMATION Developer: AGI Capital / TMG Partners Submarket: SOMA Number of Homes: 246 HOA Fees: $500-$730
Sales Start Date: Mar ’07 Sales End Date: Jun ’10 Avg. Absorption: 6.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
2-BED AVGS
1
1,146
$1,450,000
$1,265
-
-
5
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
765
$843,500
$1,103
-
-
76
2-BED AVGS
1
1,201
$1,375,000
$1,145
-
-
26
-
-
-
-
-
-
-
-
1-BED AVGS
14
742
$745,171
$989
$798,071
$1,065
33
2-BED AVGS
7
1,172
$1,232,000
$1,113
$1,274,329
$1,116
29
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 55
DISTRICT 9
888 SEVENTH STREET 888 7TH ST PROJECT INFORMATION Developer: AF Evans Submarket: Potrero Hill Number of Homes: 224 HOA Fees: $300-$470
Sales Start Date: Jun ’06 Sales End Date: Mar ’09 Avg. Absorption: 6.7 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
495
$529,000
$1,069
$572,000
$1,156
11
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
140 SOUTH VAN NESS 140 S. VAN NESS AVE PROJECT INFORMATION Developer: Chariot SVN Submarket: SOMA Number of Homes: 208 HOA Fees: $280-$360
Sales Start Date: Nov ’02 Sales End Date: Jan ’04 Avg. Absorption: 14.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
1-BED AVGS
1
830
$698,000
$841
-
-
5
2-BED AVGS
1
-
$979,000
-
-
-
5
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,160
$975,000
$841
-
-
33
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
7
819
$674,929
$824
$707,500
$864
22
2-BED AVGS
10
1,147
$915,380
$801
$946,950
$826
33
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 56
DISTRICT 9
170 OFF THIRD 170 KING ST PROJECT INFORMATION Developer: Security Properties Submarket: South Beach Number of Homes: 201 HOA Fees: $515-$630
Sales Start Date: Feb ’07 Sales End Date: Sep ’09 Avg. Absorption: 6.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
2
1,029
$1,445,000
$1,161
-
-
7
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
681
$799,000
$1,173
-
-
46
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
3
786
$839,333
$1,069
$843,333
$1,074
37
2-BED AVGS
11
1,026
$1,172,727
$1,114
$1,256,500
$1,208
21
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
YERBA BUENA LOFTS 855 FOLSOM ST PROJECT INFORMATION Developer: Ed Tansev Submarket: SOMA Number of Homes: 200 HOA Fees: $400-$550
Sales Start Date: Mar ’01 Sales End Date: May ’05 Avg. Absorption: 3.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
-
$849,000
-
-
-
36
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
10
952
$866,690
$904
$894,500
$930
33
2-BED AVGS
8
1,180
$1,053,811
$892
$1,139,561
$962
57
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 57
DISTRICT 9
199 NEW MONTGOMERY 199 NEW MONTGOMERY ST PROJECT INFORMATION Developer: Monahan Pacific Submarket: Yerba Buena Number of Homes: 166 HOA Fees: $400-$550
Sales Start Date: Feb ’05 Sales End Date: Dec ’06 Avg. Absorption: 7.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
409
$530,000
$1,296
$530,000
$1,296
13
1-BED AVGS
6
750
$869,500
$1,113
$894,667
$1,143
37
2-BED AVGS
2
1,030
$1,149,000
$1,116
$1,212,500
$1,178
9
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
ONE HAWTHORNE 1 HAWTHORNE ST PROJECT INFORMATION Developer: Jackson Pacific Ventures Submarket: SOMA - Yerba Buena Number of Homes: 165 HOA Fees: $450-$650
Sales Start Date: Apr ’10 Sales End Date: May ’13 Avg. Absorption: 4.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
1-BED AVGS
1
840
$999,988
$1,190
-
-
90
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
4
908
$1,074,250
$1,181
$1,102,250
$1,211
18
2-BED AVGS
7
1,327
$1,680,571
$1,269
$1,685,714
$1,272
52
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 58
DISTRICT 9
THE POTRERO 451 KANSAS ST PROJECT INFORMATION Developer: Lambert Development Submarket: Potrero Hill Number of Homes: 165 HOA Fees: $380-$580
Sales Start Date: Feb ’07 Sales End Date: Mar ’09 Avg. Absorption: 6.5 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
1
-
$795,000
-
-
-
12
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
4
445
$555,250
$1,128
$628,860
$1,391
24
1-BED AVGS
6
745
$777,250
$1,040
$796,917
$1,063
47
2-BED AVGS
6
1,025
$1,023,648
$975
$1,129,000
$1,103
36
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
FOUR SEASONS RESIDENCES 765 MARKET ST PROJECT INFORMATION Developer: Millennium Partners Submarket: Yerba Buena Number of Homes: 142 HOA Fees: $1,200-$2,200
Sales Start Date: Mar ’00 Sales End Date: Dec ’04 Avg. Absorption: 2.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
1-BED AVGS
2
821
$1,424,500
$1,766
-
-
251
2-BED AVGS
1
1,747
$3,880,000
$2,221
-
-
45
4-BED AVGS
2
3,176
$5,437,500
$1,678
-
-
197
3-BED AVGS
1
2,677
$5,250,000
$1,961
-
-
32
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
1,004
$1,550,000
$1,544
$1,415,000
$1,409
339
2-BED AVGS
2
1,417
$2,945,000
$2,079
$2,765,000
$1,951
122
3-BED AVGS
1
-
$5,650,000
-
$5,475,000
-
121
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 59
DISTRICT 9
THE WATERMARK 501 BEALE ST PROJECT INFORMATION Developer: Lend Lease Submarket: South Beach Number of Homes: 136 HOA Fees: $645-$890
Sales Start Date: Mar ’06 Sales End Date: Oct ’06 Avg. Absorption: 17.7 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
1
655
$739,000
$1,128
-
-
75
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
759
$799,000
$1,053
-
-
22
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
5
759
$738,432
$950
$745,872
$960
101
2-BED AVGS
3
1,109
$1,515,333
$1,365
$1,608,333
$1,446
13
3-BED AVGS
1
1,362
$1,995,000
$1,465
$2,250,000
$1,652
12
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
VIDA 2558 MISSION ST PROJECT INFORMATION Developer: Oyster Development Submarket: Inner Mission Number of Homes: 114 HOA Fees: $430-$620
Sales Start Date: Mar ’14 Sales End Date: Jun ‘15 Avg. Absorption: 7.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 60
DISTRICT 9
BLU 631 FOLSOM ST PROJECT INFORMATION Developer: Lennar Urban Submarket: Yerba Buena Number of Homes: 114 HOA Fees: $370-$420
Sales Start Date: May ’08 Sales End Date: Oct ’12 Avg. Absorption: 2.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
1,058
$915,000
$865
$915,000
$865
24
1-BED AVGS
8
1,134
$901,625
$800
$960,250
$854
18
2-BED AVGS
5
1,152
$1,424,000
$1,238
$1,455,600
$1,267
30
LIST PSF
SOLD PRICE
SOLD PSF
DOM
ACTIVE
PENDING
SOLD
#LISTINGS
DISTRICT 9
PARK TERRACE 325 BERRY ST PROJECT INFORMATION Developer: Opus West Submarket: Mission Bay Number of Homes: 110 HOA Fees: $430-$550
Sales Start Date: Jun ’06 Sales End Date: Dec ’08 Avg. Absorption: 3.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
3
835
$919,667
$1,115
$948,333
$1,142
9
2-BED AVGS
5
1,358
$1,444,700
$1,064
$1,486,700
$1,106
25
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 61
DISTRICT 9
88 TOWNSEND 88 TOWNSEND ST PROJECT INFORMATION Developer: Rosenberg Co. Submarket: South Beach Number of Homes: 109 HOA Fees: $400-$575
Sales Start Date: Jul ’04 Sales End Date: Nov ’06 Avg. Absorption: 3.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
3
735
$1,202,678
$1,651
-
-
33
2-BED AVGS
2
1,213
$1,833,219
$1,503
-
-
40
-
-
-
-
-
-
-
-
1-BED AVGS
1
-
$1,027,617
-
-
-
65
2-BED AVGS
4
1,136
$1,761,250
$1,552
-
-
30
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
13
741
$918,272
$1,245
$933,718
$1,275
8
2-BED AVGS
7
1,171
$1,561,345
$1,334
$1,582,916
$1,352
3
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
THE MONTGOMERY 74 NEW MONTGOMERY ST PROJECT INFORMATION Developer: New Urban Properties Submarket: Yerba Buena Number of Homes: 107 HOA Fees: $625-$875
Sales Start Date: Jan ’07 Sales End Date: Dec ’09 Avg. Absorption: 3.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
698
$698,000
$1,000
-
-
10
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
489
$649,000
$1,327
$633,000
$1,294
19
1-BED AVGS
2
675
$772,000
$1,144
$862,500
$1,278
18
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 62
DISTRICT 9
ST. REGIS RESIDENCES 188 MINNA ST PROJECT INFORMATION Developer: Carpenter & Co. Submarket: Yerba Buena Number of Homes: 102 HOA Fees: $1,600-$2,200
Sales Start Date: Sep ’04 Sales End Date: Dec ’06 Avg. Absorption: 3.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
1
1,527
$3,250,000
$2,128
-
-
242
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
6
1,703
$2,881,667
$1,697
$2,800,000
$1,647
100
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
RADIANCE 330 MISSION BAY BLVD PROJECT INFORMATION Developer: BOSA Development Submarket: Mission Bay Number of Homes: 99 HOA Fees: $640-$750
Sales Start Date: Mar ’07 Sales End Date: Dec ’09 Avg. Absorption: 3.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
943
$899,000
$900
$943,250
$994
28
2-BED AVGS
3
1,667
$2,114,333
$1,255
$2,155,000
$1,280
38
3-BED AVGS
1
1,921
$2,219,000
$1,155
$3,050,000
$1,588
34
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 63
DISTRICT 9
235 BERRY 235 BERRY ST PROJECT INFORMATION Developer: Signature Properties Submarket: Mission Bay Number of Homes: 99 HOA Fees: $500-$600
Sales Start Date: Sep ’06 Sales End Date: Feb ’08 Avg. Absorption: 5.7 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3-BED AVGS
1
1,670
$1,995,000
$1,195
-
-
15
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ACTIVE
PENDING
SOLD
#LISTINGS
1-BED AVGS
1
873
$825,000
$945
$860,000
$985
10
2-BED AVGS
13
1,219
$1,247,077
$1,039
$1,330,923
$1,120
19
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
CUBIX 766 HARRISON ST PROJECT INFORMATION Developer: First Citizens Bank Submarket: SOMA Number of Homes: 98 HOA Fees: $265-$280
Sales Start Date: Aug ’08 Sales End Date: Aug ’11 Avg. Absorption: 2.7 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
4
279
$384,500
$1,391
$379,375
$1,372
60
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 64
DISTRICT 9
THE LANSING 40-45 LANSING ST PROJECT INFORMATION Developer: Lambert Development Submarket: Rincon Hill Number of Homes: 82 HOA Fees: $500-$600
Sales Start Date: Jul ’05 Sales End Date: Mar ’06 Avg. Absorption: 10.1 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
6
780
$762,167
$976
$817,983
$1,038
18
2-BED AVGS
5
1,167
$1,308,200
$1,121
$1,293,278
$1,110
47
-
-
-
-
-
-
-
-
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
SHIPLEY SQUARE 821 FOLSOM ST PROJECT INFORMATION Developer: Wilson Meany Submarket: SOMA Number of Homes: 78 HOA Fees: $300-$450
Sales Start Date: Apr ’05 Sales End Date: Oct ’05 Avg. Absorption: 12.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
1-BED AVGS
1
739
$799,000
$1,081
-
-
32
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
757
$699,000
$923
-
-
24
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
2
530
$637,000
$1,203
$637,000
$1,203
17
1-BED AVGS
5
717
$748,355
$1,046
$795,400
$1,112
38
2-BED AVGS
6
1,090
$1,074,500
$1,007
$1,174,167
$1,100
18
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 65
DISTRICT 9
UNION 2125 BRYANT ST PROJECT INFORMATION Developer: Palisades Submarket: Inner Mission Number of Homes: 76 HOA Fees: $360-$540
Sales Start Date: Sep ’09 Sales End Date: Sep ’10 Avg. Absorption: 6.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
4
944
$811,750
$917
$918,750
$1,056
24
2-BED AVGS
1
1,240
$1,199,000
$967
$1,375,000
$1,109
5
4-BED AVGS
1
1,653
$1,195,000
$723
$1,450,000
$877
16
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
ESPRIT PARK-SOUTH 900 MINNESOTA ST PROJECT INFORMATION Developer: Macquarie Holdings Submarket: Dogpatch Number of Homes: 75 HOA Fees: $400-$500
Sales Start Date: Oct ’07 Sales End Date: Sep ’11 Avg. Absorption: 1.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 66
DISTRICT 9
ESPRIT PARK-NORTH 850 MINNESOTA ST PROJECT INFORMATION Developer: Macquarie Holdings Submarket: Dogpatch Number of Homes: 67 HOA Fees: $400-$500
Sales Start Date: Aug ’11 Sales End Date: Jul ’12 Avg. Absorption: 6.1 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
ACTIVE
PENDING
SOLD
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
9
870
$805,000
$928
$860,778
$992
11
2-BED AVGS
5
1,571
$1,427,600
$911
$1,534,000
$980
19
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
SIERRA HEIGHTS 25 SIERRA ST PROJECT INFORMATION Developer: R Group Submarket: Potrero Hill Number of Homes: 66 HOA Fees: $440-$605
Sales Start Date: Jun ’06 Sales End Date: Nov ’06 Avg. Absorption: 12.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
2
1,517
$985,000
$675
$1,132,500
$818
38
3-BED AVGS
4
1,731
$1,236,750
$720
$1,446,520
$845
63
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 67
DISTRICT 9
555 BARTLETT 3420 CESAR CHAVEZ ST PROJECT INFORMATION Developer: Seven Hills Properties Submarket: Inner Mission Number of Homes: 60 HOA Fees: $320-$535
Sales Start Date: Mar ’10 Sales End Date: May ’11 Avg. Absorption: 4.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
934
$949,000
$1,016
-
-
34
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
934
$899,000
$963
$977,000
$1,046
28
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
ACTIVE
PENDING
SOLD
DISTRICT 9
THE MINT COLLECTION 410 JESSIE ST PROJECT INFORMATION Developer: Martin Building Company Submarket: SOMA Number of Homes: 52 HOA Fees: $355-$790
Sales Start Date: Jan ’07 Sales End Date: Mar ’08 Avg. Absorption: 3.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
1-BED AVGS
2
715
$921,500
$1,291
-
-
31
2-BED AVGS
1
735
$1,049,000
$1,427
-
-
1
3-BED AVGS
1
1,805
$2,599,000
$1,440
-
-
172
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
2
-
$542,500
-
$520,000
-
120
1-BED AVGS
5
831
$857,400
$1,052
$905,500
$1,101
16
2-BED AVGS
3
1,152
$1,324,667
$1,163
$1,273,333
$1,116
19
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 68
DISTRICT 9
1 ECKER 16 JESSIE ST PROJECT INFORMATION Developer: The Pauls Corp. Submarket: Yerba Buena Number of Homes: 51 HOA Fees: $425-$700
Sales Start Date: Oct ’10 Sales End Date: May ’11 Avg. Absorption: 7.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
450
$625,000
$1,389
$652,500
$1,450
68
1-BED AVGS
6
855
$983,667
$1,151
$1,008,833
$1,180
22
2-BED AVGS
2
1,235
$1,542,000
$1,249
$1,567,500
$1,270
23
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
310 TOWNSEND 310 TOWNSEND ST PROJECT INFORMATION Developer: Santa Fe Properties Submarket: South Beach Number of Homes: 45 HOA Fees: $250-$345
Sales Start Date: Mar ’06 Sales End Date: Mar ’09 Avg. Absorption: 1.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
7
935
$886,286
$938
$941,714
$1,008
22
2-BED AVGS
3
1,449
$1,292,667
$885
$1,445,000
$993
18
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 69
DISTRICT 9
FIFTEEN FIFTEEN 1515 15TH ST PROJECT INFORMATION Developer: JS Sullivan Development Submarket: Mission District Number of Homes: 40 HOA Fees: $400-$450
Sales Start Date: May ’14 Sales End Date: Aug ’14 Avg. Absorption: 9.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
MISSION @ 1875 1875 MISSION ST PROJECT INFORMATION Developer: Corvorn Properties, LLC Submarket: Inner Mission Number of Homes: 39 HOA Fees: $400-$450
Sales Start Date: Oct ’14 Sales End Date: Aug ’15 Avg. Absorption: 3.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 70
DISTRICT 9
MILLWHEEL NORTH 1265 INDIANA ST PROJECT INFORMATION Developer: R Group Submarket: Dogpatch Number of Homes: 39 HOA Fees: $400-$450
Sales Start Date: May ’14 Sales End Date: Jan ’15 Avg. Absorption: 6.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
299 VALENCIA 299 VALENCIA ST PROJECT INFORMATION Developer: JS Sullivan Development Submarket: Inner Mission Number of Homes: 36 HOA Fees: $315-$405
Sales Start Date: Mar ’12 Sales End Date: Jul ’12 Avg. Absorption: 8.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
564
$581,750
$1,059
$600,000
$1,092
54
2-BED AVGS
1
-
$949,500
-
$949,500
-
39
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 71
DISTRICT 9
ONE SOUTH PARK 1 S. PARK AVE PROJECT INFORMATION Developer: Santa Fe Partners Submarket: South Beach Number of Homes: 35 HOA Fees: $425-$575
Sales Start Date: Dec ’05 Sales End Date: Sep ’09 Avg. Absorption: 0.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
1
-
$1,598,000
-
-
-
13
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
928
$895,000
$964
-
-
13
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,381
$1,595,000
$1,155
$1,850,000
$1,340
11
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
MOSAICA 601 601 ALABAMA ST PROJECT INFORMATION Developer: Citizens Housing Corp. Submarket: Inner Mission Number of Homes: 34 HOA Fees: $475-$505
Sales Start Date: Feb ’09 Sales End Date: Aug ’09 Avg. Absorption: 5.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 72
DISTRICT 9
35 DOLORES 35 DOLORES ST PROJECT INFORMATION Developer: Lightner Property Group Submarket: Mission Dolores Number of Homes: 33 HOA Fees: $310-$415
Sales Start Date: Aug ’14 Sales End Date: Feb ’15 Avg. Absorption: 6.3 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
MILLWHEEL SOUTH 1301 INDIANA ST PROJECT INFORMATION Developer: R Group Submarket: Dogpatch Number of Homes: 32 HOA Fees: $350-$410
Sales Start Date: May ’12 Sales End Date: Jun ’12 Avg. Absorption: 18.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
945
$897,000
$949
-
-
29
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
6
1,005
$893,333
$899
$936,667
$943
20
2-BED AVGS
1
1,318
$899,000
$682
$970,000
$736
27
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 73
DISTRICT 9
THE CITRINO 566 S. VAN NESS AVE PROJECT INFORMATION Developer: Dolmen Property Group Submarket: Inner Mission Number of Homes: 32 HOA Fees: $275-$375
Sales Start Date: Jul ’07 Sales End Date: Apr ’11 Avg. Absorption: 0.7 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
860
$845,000
$983
-
-
33
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
8
913
$844,250
$927
$924,375
$1,016
36
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
THE OLYMPIA 501 DONAHUE ST PROJECT INFORMATION Developer: Lennar Urban Submarket: Hunters Point Number of Homes: 25 HOA Fees: $400
Sales Start Date: May ’14 Sales End Date: Sep ’14 Avg. Absorption: 6.1 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 74
DISTRICT 9
VALENCIA 270 270 VALENCIA ST PROJECT INFORMATION Developer: Brian Spiers Development Submarket: Inner Mission Number of Homes: 24 HOA Fees: $250-$285
Sales Start Date: Aug ’05 Sales End Date: Feb ’06 Avg. Absorption: 3.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
-
$598,000
-
$731,500
-
12
2-BED AVGS
2
747
$739,000
$1,070
$851,000
$1,191
24
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
2200 MISSION ST 2200 MISSION ST PROJECT INFORMATION Developer: H & A Investments Submarket: Inner Mission Number of Homes: 23 HOA Fees: $325-$525
Sales Start Date: Feb ’09 Sales End Date: Aug ’09 Avg. Absorption: 3.8 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
833
$799,000
$959
$826,000
$992
31
3-BED AVGS
1
1,173
$975,000
$831
$1,150,000
$980
77
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 75
DISTRICT 9
870 HARRISON 870 HARRISON ST PROJECT INFORMATION Developer: JS Sullivan Development Submarket: SOMA Number of Homes: 22 HOA Fees: $500
Sales Start Date: Oct ’14 Sales End Date: Mar ’15 Avg. Absorption: 3.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
ACTIVE
PENDING
SOLD
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
788 MINNA 788 MINNA ST PROJECT INFORMATION Developer: Eamonn Herlihy Submarket: SOMA Number of Homes: 20 HOA Fees: $390-$410
Sales Start Date: Jul ’11 Sales End Date: Feb ’12 Avg. Absorption: 3.2 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,498
$1,200,000
$801
-
-
31
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
689
$669,000
$971
$690,000
$1,002
52
2-BED AVGS
1
1,460
$879,000
$602
$900,000
$616
33
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 76
DISTRICT 9
ONYX 415 DE HARO ST PROJECT INFORMATION Developer: Sean Keighran Submarket: Potrero Hill Number of Homes: 20 HOA Fees: $350-$485
Sales Start Date: Apr ’14 Sales End Date: Jul ’14 Avg. Absorption: 10.9 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
-
$949,000
-
$985,000
-
160
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
ACTIVE
PENDING
SOLD
DISTRICT 9
V20 3590 20TH ST PROJECT INFORMATION Developer: Brown & Co. Submarket: Inner Mission Number of Homes: 18 HOA Fees:
Sales Start Date: May ’15 Sales End Date: Aug ’15 Avg. Absorption: 5.5 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 77
DISTRICT 9
3500 19TH STREET 3500 19TH ST PROJECT INFORMATION Developer: Tom Murphy Submarket: Inner Mission Number of Homes: 17 HOA Fees: $450
Sales Start Date: Oct ’12 Sales End Date: Jan ’14 Avg. Absorption: 9.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
2
-
$2,395,000
-
-
-
53
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,575
$1,699,000
$1,079
$1,730,000
$1,098
14
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
411 VALENCIA ST 411 VALENCIA ST PROJECT INFORMATION Developer: Phillip McCarthy Submarket: Inner Mission Number of Homes: 16 HOA Fees: $425-$460
Sales Start Date: Oct ’12 Sales End Date: Feb ’13 Avg. Absorption: 5.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 78
DISTRICT 9
616 20TH STREET 616 20TH ST PROJECT INFORMATION Developer: 616 20th Street Homes, LLC Submarket: Dogpatch Number of Homes: 16 HOA Fees: $440
Sales Start Date: Oct ’13 Sales End Date: Dec ’13 Avg. Absorption: 14.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
ACTIVE
PENDING
SOLD
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 9
750 2ND 750 2ND ST PROJECT INFORMATION Developer: Phillip McCarthy Submarket: Inner Mission Number of Homes: 16 HOA Fees: $425-$460
Sales Start Date: Oct ’12 Sales End Date: Feb ’13 Avg. Absorption: 5.6 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
2
1,568
$2,235,230
$1,433
$2,235,230
$1,433
2
3-BED AVGS
1
2,075
$2,850,000
$1,373
$2,825,000
$1,361
21
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 79
PAST RESALE DEVELOPMENTS DISTRICT 10 PROJECT NAME
ADDRESS
DEVELOPER
CANDLESTICK POINT
301-501 CRESCENT WY
TOP VISION DEVELOPMENT
176
TIDES & THAYER SHIPYARD
SAN FRANCISCO SHIPYARD
LENNAR URBAN
159
CANDLESTICK COVE
101 EXECUTIVE PARK BLVD
SIGNATURE PROPERTIES
150
5800 THIRD STREET
5800 THIRD ST
HOLLIDAY DEVELOPMENT
137
BAYSIDE VISTA
188 MARY TERESA WY
BAYSIDE VISTA, LLC
64
THE MERCHANT
451 DONAHUE ST
LENNAR URBAN
63
TOTAL
UNITS
749
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 80
DISTRICT 10
CANDLESTICK POINT 301-501 CRESCENT WY PROJECT INFORMATION Developer: Top Vision Development Submarket: Candlestick Point Number of Homes: 176 HOA Fees: $300-$350
Sales Start Date: Jul ’06 Sales End Date: Jul ’10 Avg. Absorption: 4.1 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
2
805
$490,776
$610
-
-
34
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
825
$424,000
$514
$527,500
$641
43
2-BED AVGS
4
1,024
$594,222
$587
$613,500
$605
28
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 10
TIDES & THAYER SHIPYARD SAN FRANCISCO SHIPYARD PROJECT INFORMATION Developer: Lennar Urban Submarket: Hunters Point Number of Homes: 159 HOA Fees: $215-$420
Sales Start Date: May ’15 Sales End Date: Aug ’15 Avg. Absorption: 51.5 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 81
DISTRICT 10
CANDLESTICK COVE 5800 THIRD ST PROJECT INFORMATION Developer: Signature Properties Submarket: Candlestick Point Number of Homes: 150 HOA Fees: $450-$575
Sales Start Date: Oct ’07 Sales End Date: Dec ’13 Avg. Absorption: 2.0 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
TYPE
ACTIVE
PENDING
SOLD
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 10
5800 THIRD ST 5800 THIRD ST PROJECT INFORMATION Developer: Holliday Development Submarket: Bayview Number of Homes: 137 HOA Fees: $335-$500
Sales Start Date: Jun ’10 Sales End Date: Mar ’13 Avg. Absorption: 4.1 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
853
$487,000
$573
$533,750
$628
28
3-BED AVGS
1
1,566
$689,000
$440
$861,250
$550
15
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
SOLD OUT
CURRENTLY SELLING
ABOUT POLARIS PACIFIC
PAGE 82
DISTRICT 10
BAYSIDE VISTA 188 MARY TERESA ST PROJECT INFORMATION Developer: BaySide Vista, LLC Submarket: Visitacion Valley Number of Homes: 64 HOA Fees: $200-$225
Sales Start Date: Jun ’09 Sales End Date: Jul ’09 Avg. Absorption: 2.5 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,333
$650,000
$488
$785,000
$589
16
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
DISTRICT 10
THE MERCHANT 451 DONAHUE ST PROJECT INFORMATION Developer: Lennar Urban Submarket: Hunters Point Number of Homes: 63 HOA Fees: $400
Sales Start Date: May ’14 Sales End Date: Jan ’15 Avg. Absorption: 9.4 Units/Mo.
MLS MARKET ACTIVITY (PAST 12 MONTHS) STATUS
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
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ABOUT POLARIS PACIFIC Polaris Pacific is the West Coast sales and marketing firm for the new economy. Polaris Pacific celebrates over 30 years of legacy, experience and results combined with the latest in marketing strategies, technology and research. Our foremost goal is to align ourselves with the needs and wants of our developer clients. We do this through our unparalleled expertise, innovation and execution. This razor-sharp focus allows Polaris Pacific to consistently outperform competitors and maximize value at every step of the process. That’s why leading real estate developers and financial partners such as Canyon Capital Realty Advisors, Lennar Urban, Emerald Fund, The Pauls Corporation, Oyster Development and Trumark Urban rely on our unrivaled understanding of market intelligence, homebuyer dynamics and local market nuances to increase bottom line profits. From land acquisition, entitlement and architectural review to brand development, market launches and cutting edge marketing technologies, Polaris Pacific analyzes each new property to maximize opportunities every step of the way. Long-term client relationships are a testament to Polaris Pacific’s extensive experience, results-driven focus and ability to exceed expectation. Our team brings unparalleled experience in sales and marketing in all major markets on the West Coast.
DISCLAIMER Professional Opinion. With regard to the consulting services, reports, projections and recommendations provided by Polaris Pacific, whether delivered orally or in writing, the parties acknowledge that the matters on which Polaris Pacific is consulted are not the subject of a predictive science and are instead subject to unforeseen market variables and conditions. Client therefore understands and acknowledges that Polaris Pacific’s projections and recommendations are solely the result of Polaris Pacific’s considered opinion based on Polaris Pacific’s assumptions and judgments predicated on past experience in light of the relevant data studied with respect to the market conditions and the proposed project.
Use of Product. All information, data, projections and recommendations received by Client from Polaris Pacific, whether presented orally or in writing, shall be solely for use by Client and is/ are not to be used or relied upon by any third party(ies) without the prior written approval of Polaris Pacific having been first had and obtained. Currently representing sales and marketing for: 6 Mint Plaza 1400 Mission The Burton & Livingston Colorado Commons 20 Pines The Globe Lumina Rockwell The Shores Skyline The Strand Summit 800 1450 Franklin Ten50 The Arroyo The Pacific Knox One Franklin 1198 Valencia Rowan 1001 Van Ness 482 Arroyo Optima Kierland
San Francisco, CA San Francisco, CA Pasadena, CA Monrovia, CA Daly City, CA San Jose, CA San Francisco, CA San Francisco, CA Point Richmond, CA San Jose, CA San Rafael, CA San Francisco, CA San Francisco, CA Los Angeles, CA Walnut Creek, CA San Francisco, CA San Francisco, CA San Francisco, CA San Francisco, CA San Francisco, CA San Francisco, CA Pasadena, CA Scottsdale, AZ
25 Units 190 Units 16 Units 72 Units 25 Units 76 Units 656 Units 260 Units 333 Units 121 Units 81 Units 182 Units 67 Units 151 Units 100 Units 76 Units 91 Units 35 Units 50 Units 70 Units 256 Units 24 Units 220 Units
For more information on Polaris Pacific, visit polarispacific.com. COPYRIGHT © 2016 POLARIS PACIFIC
SAN FRANCISCO MARKET REPORT, APRIL 2016
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
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For more market insights contact:
MILES GARBER VICE PRESIDENT OF RESEARCH
[email protected] 850 7th Street San Francisco, CA 94107 P: 415.361.4805 www.polarispacific.com SAN FRANCISCO MARKET REPORT, APRIL 2016