THE POLARIS PACIFIC REPORT
San Francisco Condominium Market JANUARY 2015
MLS DISTRICT 1-10
SAN FRANCISCO / LOS ANGELES / SAN DIEGO / OAKLAND-EMERYVILLE / SILICON VALLEY
MARKET SNAPSHOT SAN FRANCISCO | JANUARY 2015
MID-RISE BUILDING
LOW-RISE BUILDING
HIGH-RISE BUILDING
4 STORIES OR LESS
5-12 STORIES
PRICE PER SQ. FT.
PRICE PER SQ. FT.
PRICE PER SQ. FT.
$804
$1,006
$1,184
ANNUAL CHANGE
ANNUAL CHANGE
ANNUAL CHANGE
-17.8%
+9.5%
+8.4%
CONDO INVENTORY
CONDO SALES & MEDIAN PRICE
MULTI-FAMILY COMPLETIONS
BY TYPE
BY TYPE
BY BUILDING TYPE
218
181
733
NEW CONDOS
NEW CONDOS
13 STORIES OR MORE
MACRO TRENDS
1.5
NEW CONDOS
$972K MEDIAN RESALE PRICE
MONTHS OF RESALE INVENTORY
425
747
2,811 2014* MULTI-FAMILY DELIVERIES
RESALES
RESALES
2,078 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
[email protected]. Source: SFARMLS, Polaris Pacific. Data from sources may be subject to errors, omissions and revisions. PSF Figures are for buildings built after 2004. The figures cover the three-month periods ending 12/31/2013 and 12/31/2014. * 2014 Full-year projections.
MARKET SNAPSHOT SAN FRANCISCO, JULY 2014
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PAGE 3
TABLE OF CONTENTS 1
MARKET OVERVIEW
MARKET INSIGHTS DEMAND CONDITIONS SUPPLY CONDITIONS DISTRICTS
8
CURRENTLY SELLING
17
SOLD OUT
2015 RESALE DEVELOPMENTS PAST RESALE DEVELOPMENTS
72 ABOUT POLARIS PACIFIC
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PAGE 1
Annual Price and Sales Changes by District The maps below (Figures 1 & 2) show annual percentage changes in median price 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 1 and 2 (+36.7% and +36.1%, respectively). There was a 4.2 percent decline in total resales from the prior year. The decline in resale activity is the result of low inventory and not a lack of demand. FIG 1. ANNUAL PRICE CHANGE MAP
FIG 2. ANNUAL SALES CHANGE MAP
7 +13.4%
7 +6.8%
1 +36.7%
8 +17.9%
6 +26.6%
6 +7.9%
9 +13.4%
5 +2.3%
2 +36.1%
1 -8.0%
5 -1.3%
2 +33.3%
4 +29.4%
8 -21.1%
9 -15.9%
4 +29.4% 10 +26.0%
3 +0.4%
10 0.0%
3 -15.4%
Annual Price Change Map
Annual Sales Change Map
Year-over-year change in median price in each district of the city, for Oct - Dec 2014: (Source: Realquest) -30% No Change -15% +15%
Year-over-year change in total resales in each district of the city, for Oct - Dec 2014: (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 December 31, 2014, with wider boxes indicating more sales. As shown below, District 7 had the highest median price ($1,349,000), while District 10 had the lowest ($529,000). District 9 experienced the most sales during this period (253 sales).
FIG 3. SALES BY DISTRICT
Box-and-Whisker Legend
75th Percentile Median 25th Percentile Smallest Value
Sale Price
Largest Value
$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
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Historical Prices and Sales During the three-month period ending December 31, the median price increased 17.8 percent from the prior year to $972,000. At the same time, there were 747 total resales, a 4.2 percent decrease from the prior year. The median price surpassed its 2008 year peak of $762,500 in 2012 and continues to increase.
FIG 4. MEDIAN PRICE AND RESALES 400
Resales Median Price
$1000k $900k $800k
300
$700k $600k
200
$500k $400k $300k
100
$200k $100k
0
$0k 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Year
Source: SFARMLS
Cash and Absentee Buyers Figure 5 provides a historical trend of all-cash and absentee buyers in San Francisco since 2000. Large proportions of all-cash and absentee buyers usually signal less stable market conditions, as these transactions are generally from opportunistic investors and not from trade-up buyers or first-time buyers. For the three months ending December 31, all-cash transactions represented 31.5 percent of sales, an increase from 27.8 percent the same time last year; absentee buyers represented 29.1 percent of buyers, an increase from 28.6 percent the same time last year. FIG 5. PERCENT OF CASH AND ABSENTEE BUYERS 50%
Absentee Buyer Cash Buyer
40% 30% 20% 10% 0% 2000
2001
Source: Realquest
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Year
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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 and is a relative measure of market strength. The 60-day benchmark signifies a balanced market (the dotted line in Figure 6). As shown in Figure 6, the average DOM figure was 40 days in the three-month period ending December 31. FIG 6. AVERAGE SOLD MARKET TIME (MONTHLY)
Number of Days
100 80 60 40 20 0 2008
2009
2010
2011
2012
2013
2014
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 2014 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
2001
Source: SFARMLS
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Year
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Months of Remaining Inventory (Monthly Trend) The months of remaining inventory figure, or MRI figure, is a good measure of relative market strength, indicating 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 1.5 months, a 1.2 percent increase from the prior year. FIG 8. MONTHS OF REMAINING INVENTORY
Number of Months
14 12 10 8 6 4 2 0 2008
2009
2010
2011
2012
2013
2014
Year
Source: SFARMLS
Months of Remaining Inventory (Annual Trend) Figure 9 shows the MRI figure at the end of each year (the 2014 figure is year-to-date). As shown, the MRI figure has steadily decreased each year from 2010 through 2013 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
Year
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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 January for each year since 2010. Currently, there are 218 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 2010
2011
2012
2013
Year
Source: SFARMLS, Polaris Pacific
2014
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 2014, there were 2,148 apartment units completed. In stark contrast, there were only 733 condominium completions in 2014.
FIG 11. TOTAL ANNUAL MULTI-FAMILY COMPLETIONS 2,000
Apartments Condos
Units
1,500
1,000
500
0 2000
2001
Source: Polaris Pacific
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Year
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Future Condominium Supply by District Figures 12 and 13 show the number of new condominiums currently under construction and entitled by district. There are 1,704 new condominiums currently under construction in San Francisco. 656 of the under construction units are in Lumina, which began construction in June 2013. 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 27 1 88
FIG 13. CONDOMINIUMS APPROVED
7 103
8 218
6 153
5 37
2 0
1 39
6 165
9 999
5 24
2 56
4 0 10 0
10 1,688
3 0
Map of Market
Map of Market
Number of Units: 1,704 (Source: Polaris Pacific)
Number of Units: 3,477 (Source: Polaris Pacific)
300
9 1,004
4 34
3 182
0
8 364
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 0
8 598
6 673
5 60
2 0
1 23
6 35
9 4,971
5 87
2 0
4 0
10 61
3 316
Map of Market
Map of Market
Number of Units: 6,302 (Source: Polaris Pacific)
Number of Units: 2,975 (Source: Polaris Pacific)
0
300
1,000
9 2,200
4 0 10 0
3 0
8 253
0
300
1,000
SAN FRANCISCO MARKET REPORT, JANUARY 2015
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
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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
Alamo Square, Hayes Valley, North Panhandle, Lower Pacific Heights, Western Addition
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CURRENTLY SELLING DEVELOPMENTS Summit 800
Vida
8 Octavia
Mission @ 1875
35 Dolores
Number of Units Available Units Available Units Closed Units in Contract
Amero
870 Harrison 0
50
100
150
Total Units
NEW CONDOMINIUMS NOW SELLING CURRENT PERFORMANCE
TOTAL PROJECTS
LAST MONTH
LAST YEAR
7
10
4
TOTAL UNITS
464
833
270
Total unsold units
218
265
73
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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
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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: 0
Developer: Maracor / Comstock Homes Submarket: Stonestown Number of Homes: 182 HOA: $160-$180/mo.
FINISHES
In Contract: 37 Avg. Monthly Absorption: 7.3 Units
••Designer interiors ••Granite slab countertops with 6” granite backsplashes in kitchen ••Superior Viking® appliances ••Powder rooms in each residence
UNIT MIX & LIST PRICE SUMMARY 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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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DISTRICT 9
VIDA 2558 MISSION ST DESCRIPTION
Vida is a 114-unit development located in the Mission district. It is the tallest building on the block and offers excellent views on all sides. The development also includes the rehabilitation of the New Mission Theater.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
••Rooftop terrace
Date on Market: Mar ‘14
••Lounge area
First Close of Escrow: N/A
Developer: Oyster Development Submarket: Inner Mission Number of Homes: 114 HOA: $430-$620/mo.
In Contract: 86 FINISHES
••Bosch & Bertazzoni appliances
Closed: 0 Avg. Monthly Absorption: 8.4 Units
••High-end cabinetry, tile & countertops ••Wood cabinets & porcelain tile
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
0.5-BED
18
494 - 517
$565,000 - $700,000
$1,144 - $1,354
1-BED
34
631 - 834
$670,000 - $860,000
$1,031 - $1,062
1.5-BED
11
764 - 838
$790,000 - $950,000
$1,034 - $1,134
2-bed
51
872 - 1,521
$930,000 - $1,700,000
$1,067 - $1,118
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
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DISTRICT 6
8 OCTAVIA 8 OCTAVIA BLVD DESCRIPTION
Located in Hayes Valley at the intersection of Octavia and Market Street, 8 Octavia contains 47 luxury condominiums. Developed by DDG and DM developers and designed by Stanley Saitowitz, the building’s sleek and modern look and its stylish interior is enhanced by the latest in home technology.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
••Vertical courtyards and an open air lounge, with sweeping city views
Date on Market: May ‘14
••Viewing garden at reception
In Contract: 24
Developer: DM Development Submarket: Hayes Valley Number of Homes: 47 HOA: $635-$700/mo.
FINISHES
••The glass façade has louvers spanning the full height of each room allowing for balancing brightness and privacy ••SieMatic handle-free kitchens— finished in Titan pine wood laminate and glacier white Corian countertops ••Wide-plank oak flooring sourced from Admont, Austria. ••Visionline keyless entry system allows entry to home with a smartphone ••Virtual doorman allows residents to remotely grant access to the property.
First Close of Escrow: N/A Closed: 0 Avg. Monthly Absorption: 2.9 Units
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
Studio
2
385 -
N/A -
N/a -
1-BED
5
726 -
$760,000 -
$1,046 -
2-bed
38
968 -
3-bed
2
1,757 -
$1,175,000
$1,214 -
N/A -
N/a -
CLOSED NEW SALES SUMMARY
••Nest thermostats TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
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DISTRICT 9
MISSION @ 1875 1875 MISSION ST DESCRIPTION
Located on the corner of Mission Street and 15th Street, Mission @ 1875 offers luxury residences in the heart of the Mission District.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
••Lounge area
Date on Market: Oct ‘14
••Dog run
First Close of Escrow: N/A
••Outdoor pool
In Contract: 22
••Rooftop deck
Closed: 0
Developer: Corvorn Properties, LLC Submarket: Inner Mission Number of Homes: 39 HOA: $400-$450/mo.
Avg. Monthly Absorption: 7.2 Units
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
STUDIO
10
618 - 650
$589,000 -
$953 -
1-BED
13
751 - 840
$810,000 -
$1,079 -
2-bed
16
780 - 840
$869,000 -
$1,114 -
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
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DISTRICT 5
35 DOLORES 35 DOLORES ST DESCRIPTION
35 Dolores consists of 33 one-, two- and three-bedroom condominiums and is located in San Francisco’s MIssion Dolores Neighborhood.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
••Four-story interior courtyard
Date on Market: Aug ‘14
••On-site guest studio
First Close of Escrow: N/A
••Communal backyard
In Contract: 32
••Dog wash area
Closed: 0
Developer: Lightner Property Group Submarket: Mission Dolores Number of Homes: 33 HOA: $310-$415/mo.
••Car wash area
Avg. Monthly Absorption: 6.3 Units
••Conduit for electric car charging (select homes) ••Underground parking (select homes) FINISHES
••9- to 10-foot ceilings ••Gas-burning fireplaces with quartz stone hearth ••Stainless steel Viking kitchen appliances
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1-BED
671 -
$745,000 -
$1,110 -
2-bed
912 -
$1,200,000 -
$1,316 -
3-bed
1,330 -
N/A -
N/A -
••Quartz kitchen countertops ••Wide-plank oak flooring ••Kohler bathtubs ••Porcelain bathroom tile
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
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PAGE 15
DISTRICT 7
AMERO 1501 FILBERT ST DESCRIPTION
Amero is a 27-unit condominium building in Cow Hollow neighborhood with two- and three-bedroom homes with sizes ranging from 1,000 to 2,500 square feet.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
••Rooftop terrace with outdoor grill, seating and dining areas
Date on Market: Aug ‘14
Developer: Trumark Urban Submarket: Cow Hollow Number of Homes: 27 HOA: $600-$790/mo.
FINISHES
••Private decks in selected homes
First Close of Escrow: N/A In Contract: 24 Closed: 0 Avg. Monthly Absorption: 3.0 Units
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
2-Bed
15
1,040 - 1,222
$1,239,000 -
$1,191 -
3-bed
12
1,562 - 2,570
$1,875,000 -
$1,200 -
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
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DISTRICT 9
870 HARRISON 870 HARRISON ST DESCRIPTION
870 Harrison is located in a quiet niche of the SOMA neighborhood and consists of one- and two-bedroom condominiums.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
••Rooftop terrace with outdoor kitchen
Date on Market: Oct ‘14
••Rear yard with landscaping, benching & gathering areas
In Contract: 11
Developer: JS Sullivan Development Submarket: SOMA Number of Homes: 22 HOA: $500/mo.
••Bicycle parking
Avg. Monthly Absorption: 5.0 Units
First Close of Escrow: Oct ‘14 Closed: 10
••Garage parking for select residences FINISHES
••Floor-to-ceiling bay windows ••Radiant floor heating ••Tilt & turn windows ••White oak flooring ••Ceasarstone kitchen countertops ••Bertazzoni stoves
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1-Bed
15
531 - 628
$795,000 -
$1,497 -
2-Bed
7
849 - 898
$895,000 -
$1,054 -
••Bosch dishwashers ••Grohe kitchen & bathroom faucets & features ••Porcelanosa Krion backsplash
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
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PAGE 17
RECENTLY SOLD OUT DEVELOPMENTS THAT SOLD OUT IN 2015
SAN FRANCISCO PROJECT NAME
ADDRESS
DEVELOPER
UNITS
Arden
718 Long Bridge St
BOSA Development
267
The Merchant
451 Donahue St
Lennar Urban
63
Millwheel North
1265 Indiana St
R Group
36
TOTAL
366
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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ABOUT POLARIS PACIFIC
PAGE 18
DISTRICT 9
ARDEN 718 LONG BRIDGE ST DESCRIPTION
Arden consists of 267 condominiums in Mission Bay. The development is loaded with amenities and was designed by Chris Dikeakos.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
••Two designer lobbies with attendants
Date on Market: May ‘14
••Fireside lounge
In Contract: 267
••Fitness Studio
Closed: 0
Developer: BOSA Development Submarket: Mission Bay Number of Homes: 267 HOA: $700-$900/mo.
••Open air grilling and dining area
Avg. Monthly Absorption: 43.4 Units
Date Sold Out: Jan ‘15
••75’ rooftop lap pool and spa FINISHES
••Hardwood floors with plush carpeting in bedrooms ••Full-size whirlpool washer and dryer ••7’ solid core interior doors ••Private tiled balconies or terraces ••Targeted LEED silver design
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
723 - 1,251
$795,000 - $950,000
$760 - $1,100
1-BED
17
2-BED
205
1,007 - 1,614
$1,050,000 - $1,250,000
$775 - $1,043
3-BED
45
1,251 - 1,721
$1,190,000 - $1,650,000
$951 - $959
CLOSED NEW SALES SUMMARY TYPE
#SALES
AVG SF
PRICE RANGES
AVG PRICE
PRICE P.S.F.
AVG P.S.F
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 19
DISTRICT 10
THE MERCHANT 451 DONAHUE ST DESCRIPTION
The Merchant is part of the larger Shipyard development by Lennar Urban. It contains 63 luxury condominiums, situated in Hunters Point.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
••Community roofdeck
Date on Market: May ‘14
••Underground bike and car parking
Date Sold Out: Jan ‘15
••Adjacent pocket park
In Contract: 0
Developer: Lennar Urban Submarket: Hunters Point Number of Homes: 63 HOA: $400
Closed: 63 FINISHES
Avg. Monthly Absorption: 9.4 Units
••Energy-efficient windows ••European-style Barbosa cabinetry ••Stainless steel Bosch appliances ••Natural quartz slab countertops with mosaic tile backsplash ••Porcelanosa 7” wide-plank wood flooring ••Solid Corian countertops and undermount sink in bathrooms
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
Studio
2
457 - 457
N/A -
N/A -
1-Bed
28
595 - 744
$453,000 - $463,600
$623 - $761
2-Bed
31
921 - 1,027
$562,000 - $618,848
$603 - $610
3-Bed
2
1,158 - 1,158
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, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 20
DISTRICT 9
MILLWHEEL NORTH 1265 INDIANA ST DESCRIPTION
Milwheel North consists of 39 condominiums in San Francisco’s historic Dogpatch Neighborhood.
AMENITIES
CURRENT STATUS
PROJECT INFORMATION
••Landscaped courtyard
Date on Market: May ‘14
••Private parking
Date Sold Out: Jan ‘15
Developer: R Group Submarket: Dogpatch Number of Homes: 39 HOA: $400-$450/mo.
In Contract: 0 FINISHES
••Grohe faucets and fixtures
Closed: 39 Avg. Monthly Absorption: 6.2 Units
••Custom Bonelli™ black anodized aluminum windows and doors ••Bay and Downtown views ••Rich, dark hardwood flooring throughout living area
UNIT MIX & LIST PRICE SUMMARY TYPE
#UNITS
SIZE SF
PRICE RANGES
PRICE P.S.F.
1-BED
2
683 - 775
$700,295 -
$1,025 -
2-bed
28
1,095 - 1,478
$999,000 -
$912 -
3-bed
9
1,622 - 1,732
$1,295,000 -
$798 -
CLOSED NEW SALES SUMMARY TYPE
-
#SALES
-
AVG SF
-
PRICE RANGES
-
AVG PRICE
-
PRICE P.S.F.
-
AVG P.S.F
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 21
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, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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ABOUT POLARIS PACIFIC
PAGE 22
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
5
701
$707,988
$1,018
$716,988
$1,032
48
2-BED AVGS
16
1,024
$1,186,375
$1,158
$1,181,772
$1,153
39
-
-
-
-
-
-
-
-
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
672
$649,000
$966
$695,000
$1,034
16
2-BED AVGS
3
1,009
$999,000
$990
$1,053,333
$1,043
15
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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PAGE 23
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
2
1,280
$974,000
$898
$1,180,004
$1,094
19
3-BED AVGS
1
1,335
$1,149,000
$861
$1,280,000
$959
6
-
-
-
-
-
-
-
-
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
1
-
$899,000
-
-
-
9
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
6
830
$879,667
$1,057
$911,333
$1,066
21
2-BED AVGS
8
1,099
$1,246,500
$1,136
$1,292,375
$1,178
11
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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ABOUT POLARIS PACIFIC
PAGE 24
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
2
-
$589,000
-
$655,000
-
18
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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ABOUT POLARIS PACIFIC
PAGE 25
PAST RESALE DEVELOPMENTS DISTRICT 6 PROJECT NAME
ADDRESS
DEVELOPER
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
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
UNITS
449
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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ABOUT POLARIS PACIFIC
PAGE 26
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
1-BED AVGS
1
-
$899,000
-
-
-
9
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
4
439
$505,500
$1,158
$531,250
$1,214
9
1-BED AVGS
4
801
$886,500
$1,111
$1,006,000
$1,262
12
2-BED AVGS
2
-
$1,150,000
-
$1,260,500
-
13
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
4
842
$709,472
$880
$714,750
$888
48
2-BED AVGS
1
1,407
$999,000
$710
$1,020,000
$725
55
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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ABOUT POLARIS PACIFIC
PAGE 27
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
417
$399,000
$957
$450,000
$1,079
19
2-BED AVGS
2
994
$739,000
$794
$822,500
$931
19
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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ABOUT POLARIS PACIFIC
PAGE 28
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
3
954
$791,000
$830
$881,963
$925
15
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
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ABOUT POLARIS PACIFIC
PAGE 29
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
ACTIVE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
416
$375,000
$901
$406,000
$976
24
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 30
PAST RESALE DEVELOPMENTS DISTRICT 7 PROJECT NAME
ADDRESS
DEVELOPER
the GREENWICH
1501 GREENWICH ST
J.C.N. DEVELOPERS
29
1840 WASHINGTON
1840 WASHINGTON ST
WORLDCO COMPANY
26
TOTAL
UNITS
55
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 31
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
1
-
$698,000
-
$925,000
-
14
2-BED AVGS
1
1,048
$1,029,000
$982
$1,150,000
$1,097
13
3-BED AVGS
1
-
$1,995,000
-
$2,275,000
-
11
LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
476
$499,000
$1,048
$550,000
$1,155
15
1-BED AVGS
3
702
$690,000
$984
$756,667
$1,079
12
2-BED AVGS
6
1,072
$1,086,167
$1,012
$1,113,417
$1,038
18
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 32
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, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 33
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
-
$429,000
-
-
-
138
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
5
386
$435,200
$1,118
$429,500
$1,113
113
1-BED AVGS
7
812
$647,571
$831
$703,429
$894
26
2-BED AVGS
1
1,075
$999,000
$929
$1,020,000
$949
35
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, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 34
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
5
913
$792,600
$871
$893,610
$980
21
2-BED AVGS
3
1,250
$1,272,667
$1,033
$1,368,333
$1,144
14
-
-
-
-
-
-
-
-
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 35
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
1-BED AVGS
1
952
$1,199,520
$1,260
-
-
83
2-BED AVGS
3
1,607
$1,863,000
$1,186
-
-
130
-
-
-
-
-
-
-
-
3-BED AVGS
1
1,960
$2,700,000
$1,378
-
-
240
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
4
1,278
$1,740,438
$1,361
$1,611,957
$1,326
67
3-BED AVGS
4
1,900
$2,711,500
$1,336
$2,361,500
$1,263
131
-
-
-
-
-
-
-
-
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
786
$695,333
$882
$756,667
$973
22
2-BED AVGS
2
973
$964,000
$992
$964,500
$992
5
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 36
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
3
612
$526,235
$816
$522,667
$802
91
2-BED AVGS
3
1,355
$1,365,000
$1,015
$1,338,333
$997
50
-
-
-
-
-
-
-
-
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
3
710
$716,667
$1,035
$776,667
$1,129
30
2-BED AVGS
5
1,415
$1,608,000
$1,134
$1,589,000
$1,121
43
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 37
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
1-BED AVGS
1
701
$580,000
$827
-
-
1
2-BED AVGS
1
827
$999,995
$1,209
-
-
79
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
5
451
$416,400
$937
$433,700
$995
47
1-BED AVGS
12
694
$550,667
$809
$585,667
$863
38
2-BED AVGS
4
868
$676,750
$754
$720,000
$776
24
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
711
$673,500
$982
$707,500
$1,013
13
2-BED AVGS
6
929
$748,833
$828
$748,833
$828
30
3-BED AVGS
6
1,385
$1,238,667
$890
$1,264,333
$915
24
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 38
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
2
1,507
$931,500
$618
$960,000
$638
77
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 39
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
711
$673,500
$982
$707,500
$1,013
13
2-BED AVGS
6
929
$748,833
$828
$748,833
$828
30
3-BED AVGS
6
1,385
$1,238,667
$890
$1,264,333
$915
24
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,016
$1,399,000
$1,377
$1,600,000
$1,575
8
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 40
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 41
PAST RESALE DEVELOPMENTS DISTRICT 9 PROJECT NAME
ADDRESS
DEVELOPER
UNITS
the beacon Millenium Tower
250-260 king st
centurion real estate
595
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
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
the watermark
501 beale st
lend lease
136
blu
601 folsom st
lennar urban
142
park terrace
325 berry st
opus west
136
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
esprit park-south
900 minnesota st
macquarie holdings
75
esprit park-north
850 minnesota st
macquarie holdings
67
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 42
PAST RESALE DEVELOPMENTS DISTRICT 9 - CONTINUED PROJECT NAME
ADDRESS
DEVELOPER
UNITS
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 marting 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
299 valencia
299 valencia st
js sullivan development
36
one south park
1 south park ave
santa fe properties
35
mosaica 601
601 alabama st
citizens housings corp.
34
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
788 minna
788 minna st
eamonn herlihy
20
Onyx
415 De Haro St
Sean Keighran
20
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
7,410
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 43
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
2-BED AVGS
1
1,089
$1,100,000
$1,010
-
-
46
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
2
695
$616,995
$888
-
-
156
2-BED AVGS
1
979
$899,000
$918
-
-
9
-
-
-
-
-
-
-
-
STUDIO AVGS
3
608
$519,633
$856
$516,633
$851
55
1-BED AVGS
30
845
$686,273
$816
$685,056
$813
37
2-BED AVGS
13
1,195
$1,019,646
$855
$1,046,923
$877
46
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
1
1,633
$2,350,000
$1,439
-
-
31
2-BED AVGS
2
1,421
$2,327,500
$1,598
-
-
74
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
2,170
$3,900,000
$1,797
$3,900,000
$1,797
46
1-BED AVGS
9
952
$1,474,222
$1,338
$1,476,167
$1,342
32
2-BED AVGS
16
1,604
$2,550,813
$1,544
$2,543,438
$1,542
16
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 44
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
$1,079,000
$1,429
-
-
1
3-BED AVGS
2
2,151
$3,174,500
$1,497
-
-
93
-
-
-
-
-
-
-
-
1-BED AVGS
2
755
$1,012,000
$1,340
-
-
44
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
17
761
$928,882
$1,235
$947,647
$1,261
46
2-BED AVGS
15
1,328
$1,607,800
$1,206
$1,578,067
$1,185
52
3-BED AVGS
3
2,076
$2,664,667
$1,307
$2,573,667
$1,264
87
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
2
1,317
$2,224,000
$1,689
-
-
31
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
2
1,288
$2,197,000
$1,707
-
-
26
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
800
$939,000
$1,174
$939,000
$1,174
-
2-BED AVGS
14
1,275
$1,690,143
$1,258
$1,681,750
$1,258
30
3-BED AVGS
4
1,662
$2,757,250
$1,657
$2,700,000
$1,622
68
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 45
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
1-BED AVGS
1
-
$719,000
-
-
-
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
-
$549,000
-
-
-
70
2-BED AVGS
2
1,622
$1,599,000
$1,232
-
-
59
-
-
-
-
-
-
-
-
1-BED AVGS
10
695
$681,647
$891
$692,559
$896
35
2-BED AVGS
10
1,107
$1,259,650
$1,158
$1,281,275
$1,177
24
-
-
-
-
-
-
-
-
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
LIST PSF
3-BED AVGS
1
1,921
$3,290,000
$1,713
-
-
4
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
3
943
$858,000
$912
$952,333
$1,012
32
2-BED AVGS
6
1,325
$1,307,333
$987
$1,288,133
$976
35
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 46
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
1,224
$1,650,000
$1,348
-
-
7
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ACTIVE
PENDING
SOLD
#LISTINGS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
6
877
$912,150
$1,071
$899,333
$1,057
56
2-BED AVGS
15
1,346
$1,712,046
$1,298
$1,721,333
$1,304
28
3-BED AVGS
3
1,612
$2,183,000
$1,354
$2,186,667
$1,357
17
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
LIST PSF
2-BED AVGS
1
1,762
$1,550,000
$880
-
-
4
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
-
$548,000
-
-
-
56
1-BED AVGS
1
-
$749,000
-
-
-
7
2-BED AVGS
1
979
$1,078,000
$1,101
-
-
32
STUDIO AVGS
2
526
$507,000
$963
$495,000
$938
55
1-BED AVGS
16
695
$664,799
$956
$669,614
$965
33
2-BED AVGS
9
1,088
$1,057,311
$971
$1,052,333
$967
21
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 47
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
ACTIVE
TYPE
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
1
-
$929,000
-
-
-
170
2-BED AVGS
1
-
$1,350,000
-
-
-
118
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
640
$679,000
$1,061
$650,000
$1,016
-
1-BED AVGS
11
804
$825,455
$1,035
$882,081
$1,101
21
2-BED AVGS
4
1,172
$1,545,000
$1,097
$1,508,250
$1,070
52
LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
15
742
$746,060
$1,009
$772,193
$1,033
16
2-BED AVGS
7
1,013
$1,054,429
$1,039
$1,117,143
$1,088
12
3-BED AVGS
1
1,260
$1,199,000
$952
$1,265,000
$1,004
8
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 48
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
TYPE
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
764
$750,000
$982
-
-
132
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ACTIVE
PENDING
SOLD
#LISTINGS
1-BED AVGS
9
741
$753,222
$977
$785,389
$1,023
35
2-BED AVGS
6
1,079
$985,667
$910
$1,006,000
$928
51
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
3
575
$446,813
$776
$454,146
$789
56
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 49
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
TYPE
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
1
830
$695,000
$837
-
-
36
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ACTIVE
PENDING
SOLD
#LISTINGS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
5
830
$597,740
$739
$612,700
$753
6
2-BED AVGS
10
1,124
$817,080
$719
$882,000
$778
28
-
-
-
-
-
-
-
-
SOLD PRICE
SOLD PSF
DOM
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
2-BED AVGS
1
1,981
$1,890,000
$954
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
3
455
$514,667
$1,129
$529,667
$1,161
32
1-BED AVGS
8
681
$754,250
$1,139
$774,713
$1,165
28
2-BED AVGS
3
1,006
$975,667
$986
$1,025,000
$1,035
21
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 50
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
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
766
$699,000
$913
-
-
36
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
5
872
$866,000
$951
$897,400
$1,000
13
2-BED AVGS
3
1,272
$1,006,333
$784
$1,020,000
$794
44
-
-
-
-
-
-
-
-
SOLD PRICE
SOLD PSF
DOM
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
1-BED AVGS
2
780
$992,498
$1,135
-
-
8
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,089
$1,200,000
$1,102
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
2
411
$504,500
$1,229
$525,000
$1,279
39
1-BED AVGS
3
820
$742,667
$931
$786,333
$982
26
2-BED AVGS
1
1,148
$1,045,000
$910
$1,106,000
$963
12
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 51
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
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
2
780
$992,498
$1,135
-
-
8
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,089
$1,200,000
$1,102
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
2
411
$504,500
$1,229
$525,000
$1,279
39
1-BED AVGS
3
820
$742,667
$931
$786,333
$982
26
2-BED AVGS
1
1,148
$1,045,000
$910
$1,106,000
$963
12
SOLD PRICE
SOLD PSF
DOM
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
1-BED AVGS
1
804
$775,000
$964
-
-
2
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
3
446
$482,333
$1,081
$511,667
$1,147
21
1-BED AVGS
3
712
$749,000
$1,054
$746,333
$1,051
52
2-BED AVGS
9
974
$942,210
$962
$1,043,805
$1,064
21
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 52
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
TYPE
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
1-BED AVGS
2
913
$1,550,000
$1,716
-
-
77
2-BED AVGS
1
1,400
$2,995,000
$2,139
-
-
203
4-BED AVGS
1
2,757
$5,950,000
$2,158
-
-
53
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
3
1,762
$3,264,333
$1,853
$3,300,000
$1,873
25
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SOLD PRICE
SOLD PSF
DOM
PENDING
SOLD
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
2-BED AVGS
1
1,037
$1,398,000
$1,348
-
-
2
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
6
794
$823,433
$1,037
$833,800
$1,050
78
2-BED AVGS
5
1,209
$1,453,400
$1,185
$1,481,000
$1,214
33
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 53
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
2-BED AVGS
1
-
$1,599,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ACTIVE
PENDING
SOLD
#LISTINGS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
7
1,125
$811,429
$729
$831,000
$750
23
2-BED AVGS
6
1,005
$1,083,167
$1,079
$1,078,333
$1,075
24
-
-
-
-
-
-
-
-
SOLD PRICE
SOLD PSF
DOM
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
LIST PSF
2-BED AVGS
1
1,259
$1,375,000
$1,092
-
-
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
4
809
$824,250
$1,024
$833,375
$1,035
7
2-BED AVGS
4
1,257
$1,124,750
$896
$1,239,750
$988
18
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 54
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
730
$674,333
$958
$697,500
$1,001
26
2-BED AVGS
1
1,169
$999,000
$855
$1,080,000
$924
30
-
-
-
-
-
-
-
-
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
3
713
$774,333
$1,087
$810,021
$1,140
21
2-BED AVGS
3
1,574
$1,873,333
$1,336
$1,911,667
$1,370
32
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 55
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
5
1,641
$3,138,000
$1,921
-
-
71
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
6
1,641
$3,024,167
$1,858
$3,058,333
$1,858
8
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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
LIST PSF
2-BED AVGS
1
1,608
$1,995,000
$1,241
-
-
15
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
943
$849,000
$900
$937,500
$994
56
2-BED AVGS
3
1,619
$2,025,500
$1,221
$2,042,500
$1,234
28
3-BED AVGS
2
1,783
$1,474,500
$826
$1,456,250
$815
57
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 56
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
ACTIVE
PENDING
SOLD
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
873
$825,000
$945
$860,000
$985
10
2-BED AVGS
13
1,379
$1,285,692
$944
$1,330,769
$983
26
3-BED AVGS
1
1,950
$1,695,000
$869
$1,750,000
$897
34
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
7
280
$380,143
$1,368
$375,786
$1,352
60
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 57
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
811
$722,333
$927
$733,317
$926
37
2-BED AVGS
2
1,082
$1,048,500
$1,107
$1,088,750
$1,116
78
3-BED AVGS
1
1,937
$1,595,000
$823
$1,660,000
$857
19
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
812
$849,000
$1,046
-
-
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
1
502
$599,000
$1,193
$599,000
$1,193
-
1-BED AVGS
8
697
$702,097
$1,008
$730,250
$1,049
38
2-BED AVGS
3
1,096
$916,000
$889
$1,005,000
$959
27
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 58
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
1
1,314
$998,000
$760
$1,050,000
$799
32
3-BED AVGS
1
-
$1,395,000
-
$1,455,000
-
29
-
-
-
-
-
-
-
-
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, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 59
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
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
1
1,659
$1,425,000
$859
-
-
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ACTIVE
PENDING
SOLD
#LISTINGS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
11
870
$752,727
$865
$820,636
$943
21
2-BED AVGS
2
1,673
$1,337,000
$799
$1,492,500
$892
17
3-BED AVGS
1
2,150
$1,840,000
$856
$1,840,000
$856
46
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
4
1,337
$893,472
$684
$960,000
$747
23
3-BED AVGS
5
2,496
$1,346,600
$561
$1,433,682
$602
17
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 60
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
ACTIVE
PENDING
SOLD
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
STUDIO AVGS
4
464
$530,000
$1,119
$533,750
$1,188
75
1-BED AVGS
10
871
$877,500
$1,020
$884,700
$1,026
20
2-BED AVGS
2
1,629
$1,687,500
$1,054
$1,750,000
$1,077
4
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 61
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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
1
912
$759,000
$832
-
-
13
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
5
758
$699,200
$895
$746,600
$949
32
2-BED AVGS
3
1,465
$1,296,000
$884
$1,366,667
$932
14
3-BED AVGS
1
1,410
$1,250,000
$887
$1,410,000
$1,000
11
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 62
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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
LIST PSF
1-BED AVGS
1
456
$549,000
$1,204
-
-
2
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
672
$614,500
$914
$635,000
$945
51
2-BED AVGS
1
800
$749,000
$936
$855,000
$1,069
20
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 63
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
-
$1,159,000
-
$1,400,000
-
18
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 64
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
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
5
976
$748,600
$770
$782,800
$805
24
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 65
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
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
-
$598,000
-
$731,500
-
12
2-BED AVGS
1
-
$648,000
-
$900,000
-
13
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 66
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
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
3
643
$656,333
$1,024
$662,500
$1,034
17
2-BED AVGS
1
1,460
$879,000
$602
$900,000
$616
33
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 67
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
ACTIVE
PENDING
SOLD
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
7
839
$893,000
$1,059
$908,286
$1,071
61
2-BED AVGS
9
1,227
$1,321,444
$1,076
$1,409,733
$1,149
52
-
-
-
-
-
-
-
-
LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
-
$1,399,000
-
$1,399,000
-
14
2-BED AVGS
6
1,488
$1,731,000
$1,206
$1,732,167
$1,196
47
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 68
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
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
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
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
4
770
$712,000
$925
$712,000
$925
61
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 69
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
LIST PSF
SOLD PRICE
SOLD PSF
DOM
2-BED AVGS
1
1,960
$2,950,000
$1,505
-
-
8
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,591
$1,950,000
$1,226
$1,950,000
$1,226
157
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 70
PAST RESALE DEVELOPMENTS DISTRICT 10 PROJECT NAME
ADDRESS
DEVELOPER
candlestick point
301-501 crescent wy
top vision development
176
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
TOTAL
UNITS
527
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 71
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
TYPE
ACTIVE
PENDING
SOLD
#LISTINGS
SIZE SF
LIST PRICE
LIST PSF
SOLD PRICE
SOLD PSF
DOM
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2-BED AVGS
1
1,156
$399,000
$345
-
-
176
3-BED AVGS
1
1,421
$608,800
$428
-
-
380
-
-
-
-
-
-
-
-
1-BED AVGS
1
804
$388,888
$484
$400,000
$498
17
2-BED AVGS
5
975
$545,200
$563
$548,800
$567
36
3-BED AVGS
1
1,424
$638,800
$449
$635,300
$446
128
LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
ACTIVE
PENDING
SOLD
TYPE
#LISTINGS
SIZE SF
LIST PRICE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 72
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
LIST PSF
SOLD PRICE
SOLD PSF
DOM
3-BED AVGS
1
1,566
$689,000
$440
-
-
8
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
889
$475,000
$534
-
-
42
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-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1-BED AVGS
1
817
$409,000
$501
$451,000
$552
27
2-BED AVGS
2
1,035
$554,500
$551
$571,250
$553
24
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-
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LIST PSF
SOLD PRICE
SOLD PSF
DOM
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
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SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 73
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.
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.
Our team brings unparalleled experience in sales and marketing in all major markets on the West Coast. Currently representing sales and marketing for: Lumina San Francisco, CA Linea San Francisco, CA Vida San Francisco, CA Millwheel North San Francisco, CA Skyline San Jose, CA One Marina Redwood Shores, CA Colorado Commons Monrovia, CA
656 Units 115 Units 114 Units 39 Units 121 Units 249 Units 68 Units
For more information on Polaris Pacific, visit polarispacific.com. COPYRIGHT © 2015 POLARIS PACIFIC
SAN FRANCISCO MARKET REPORT, JANUARY 2015
MARKET OVERVIEW
CURRENTLY SELLING
SOLD OUT
ABOUT POLARIS PACIFIC
PAGE 74
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, JANUARY 2015
