San Francisco Residential - Old Republic Title Holding Company

Transcription

San Francisco Residential
Development Market Report - May 2012
Performance Indicators
New Condominiums
Current
Performance
Change from Last Month
Difference Percentage
Change from Last Year
Total Projects
13
1
8.3%
-2
-13.3%
Unsold Inventory
475
-68
-12.5%
-185
-28.0%
3.91%
-0.04%
n/a
-0.80%
n/a
Mortgage Rate
(30-Year Fixed)
Resale Condominiums
Current
Performance 1
Median Price
Change from Last Month2
Change from Last Year 3
$659,500
$29,500
4.7%
$29,500
4.7%
Sales
238
n/a
n/a
18
8.0%
Pending Sales
214
n/a
n/a
8
4.1%
Months of Inventory
4.1
-0.7
-15.4%
-1.9
-31.2%
Days on Market
73
-8
-9.8%
-3
-3.8%
Notices of Default4
81
-46
-36.2%
-42
-34.1%
Sources: MLS, Foreclosure Radar, Freddie Mac and Polaris Group.
Footnotes
1
Current performance is the monthly average from the three-month period ended April 30, 2012.
2
Change from the three months ended March 31, 2012 to the current performance. Sales and pending sales are excluded due to seasonality.
3
Change from the three-month period ended April 30, 2011 to the current performance.
4
Notices of Default are measured quarterly, with latest data from Q1-12. “Change from Last Month” column is the change from Q4-11.
Market Snapshot
The San Francisco condominium market is showing newfound strength in the sales
volume of new and resale condominiums. Median price is at a multi-year high, and both
sides of the market have benefitted from increased sales volume and lower inventory
levels. For the three-month period through April 30, resale volume increased 8.0
percent over the same period last year. During the
same three months, median resale price gained 4.7
percent from the prior year to $659,500.
Median Price & Resales
Average Sold Market Time
San Francisco
Resales
San Francisco
Median ($000)
110
$900
600
Resales
100
Median Price
$850
month period through April 30 declined to 4.1
$750
$700
months, from 6.0 months of supply one year ago.
300
Also, the average days on market stands at 73
200
days, three fewer days than in the same period last
90
$800
400
$650
$600
Number of Days
The months of inventory measure for the three-
500
80
70
60
$550
50
100
$500
year.
40
$450
0
Jan Jul Jan Jul Jan Jul Jan Jul Jan
08 08 09 09 10 10 11 11 12
08 08 09 09 10 10 11 11 12
Pending sales reversed weakness seen in recent
months, rising 4.1 percent from last year to an
Pending Sales
projects
experienced
a
challenged sales climate in 2011, new-home
communities are gaining traction in an environment
of reduced inventory and lower interest rates. A few
Number of Units
condominium
300
12
250
10
200
8
Number of Months
month of the current three-month period.
While
Months of Inventory*
San Francisco
average of 214 homes entering contract in each
150
100
developments have seen healthy sales activity in
4
2
50
recent months, such as 299 Valencia and Madrone,
6
0
0
08 08 09 09 10 10 11 11 12
the 329-unit development in Mission Bay that began
Jan
08
Jul
08
Jan
09
Jul
09
Jan
10
Jul
10
Jan
11
Jul
11
Jan
12
*Current month listings divided by current month SAAR resales
writing contracts in late 2011 and is anticipated to
New & Existing Condo Inventory—For Sale Listings
finish construction later this year.
sale, with a standing inventory of 475 units. As the
new condominium development pipeline empties,
and with minimal new-home construction expected
in the years ahead, sustained improvement is
imminent.
Year of Completion/Remaining On-Market
At present, there are 13 projects offering homes for
San Francisco
2012
Resa le
Homes
Resale Condo Inventory
On-Market
2012
New
Homes
New Condo Standing
Under Construction
Inventory On-Market
On-Market
2013
U.C.
Homes
Under Construction
for 2013 delivery
0
200
400
600
800
Number of Units
1,000
1,200
Table of Contents
CONTENTS
Market Overview
1
New Developments
—Currently Selling
6
—Repositioned
21
Sold Out Communities
25
Development Pipeline
85
About Polaris
87
Disclaimer
90
For further information
on this report
please contact:
Miles Garber
Research Director
[email protected]
525 Bryant Street
San Francisco, CA 94107
415.356.8100
POLARISGRO U P.C OM
SAN F RA NC ISC O
MARKET REPORT
MAY 2012
Market Overview
RESALE MARKET TRENDS
Median Price
The median resale price for the three months ended April 30, 2012 was $659,500, 4.7
percent higher than in the same period
Resales & Median Sale Price
one year ago.
San Francisco
Resales
The median resale price for all of 2010
Median
4,000
$800,000
Resales
steadied and showed a slight rise
Median Price
3,500
$700,000
3,000
$600,000
2,500
$500,000
2,000
$400,000
to the prior two years stems from a
1,500
$300,000
combination of an absence of tax
1,000
$200,000
500
$100,000
compared to 2009. The 2011 full-year
median resale price gave up the gains
from the prior year, falling 2.0 percent to
$637,000. The difficulty in 2011 compared
incentives, a difficult credit market and a
market psychology of hesitation due to
-
$0
96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12*
falling prices.
Source: SFAR, MLS
*Year-to-date median price and SAAR resales
Resale and Listing Activity
During the three months ended April 30, an average of 238 resale transactions closed
per month, an 8.0 percent increase over the same period last year.
Resale activity for the past three months, by price range, shows that 41.3 percent of the
714 units sold (295 units) were priced under $600,000 . A total of 41.6 percent (297
units) were sold for between $600,000 and $1,000,000 and 17.1 percent (122 units)
were sold for $1,000,000 or more.
Active Listings & Past 3 Months Resales (2/1/12-4/30/12)
San Francisco
250
Active Listings
Resales
225
200
175
150
125
100
75
50
25
0
Below
$40 0
$40 0$49 9
Source: SFAR, MLS
$50 0$59 9
$60 0$69 9
$70 0$79 9
$80 0$89 9
$90 0$99 9
$1,000 - $1,250 - $1,500
$1,249 $1,499
plus
POLARISGRO U P.C OM
SAN F RA NC ISC O
MARKET REPORT
MAY 2012
1
Market Overview
The year-over-year trend for just the month of April shows a substantial decrease in resale listing activity from 2010 to 2011, falling
25.7 percent to 973 active listings. Sales moved strongly in the opposite direction, increasing 14.9 percent to 285 homes.
Historical Resales & Active Listings
San Francisco
1,800
Active Listings
1,500
Resales
1,489
1,310
Analyzing the financing and ownership intent of buyers provides
1,200
insight into market dynamics. Larger proportions of all-cash and
973
absentee buyers usually signal less stable market conditions, as
900
such transactions are generally from opportunistic investors and not
600
from trade-up buyers or first-home buyers.
300
248
187
285
A total of 27.3 percent of condominium transactions were all-cash in
the three months ended April 30.* This compares to 30.3 percent in
the same period last year. All-cash purchases can put pressure on
0
April 2 010
April 2 011
April 2 012
Source: SFAR, MLS
median price, as such purchases typically are made by investors
purchasing bank-owned foreclosures and are usually accompanied
by steep price discounts. San Francisco has experienced notable
stability in both types of purchases in recent years.
Also, a total of 32.1 percent of buyers in the current three month
period were “absentee,” meaning tax information is sent to an address other than the unit that was purchased. Absentee buyers are
generally thought to be investors or secondPending Sales
home purchasers. The proportion of absen-
San Francisco
tee buyers was 34.9 percent in the same
period last year.
400
350
For the three months ended April 30,
300
pending sales averaged 214 transactions
250
per month, up 4.1 percent from the same
period last year. Since 1995, an average
200
of 231 sales have originated in the month
150
of April.
100
Pending sales, a leading indicator of
resale closings, have trended upward
50
Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan- Jan95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
Source: SFAR, MLS
since reaching a cyclical low of 83 new
contracts in January 2009. The cyclical
high occurred in May 2005, when 371
homes went under contract.
POLARISGRO U P.C OM
SAN F RA NC ISC O
MARKET REPORT
* RealQuest data
MAY 2012
2
Market Overview
Months of Inventory
The combination of sales and listing activity into one statistic—called "months of
inventory remaining"—results in a good
Months of Inventory by Price Range*
measure of relative market strength,
indicating how many months it would take
9
to absorb current supply at the current
8
trailing sales rate. Generally accepted
7
benchmarks for the inventory remaining
6
measure are as follows: 0-4 months
5
corresponds to a tight market, 5-7 months
4
to a market in good supply-demand
3
balance, 8-11 months to a market on the
2
soft side and 12 months and above to a
1
very soft market. Six months is the dividing
0
San Francisco
Apr-11
Below
$40 0
line between a buyers’ and sellers’ market.
$40 0$49 9
Source: SFAR, MLS
Apr-12
$50 0$59 9
Balanced Market
$60 0$70 0$80 0$90 0- $1,000 - $1,250 - $1,500
$69 9
$79 9
$89 9
$99 9
$1,249 $1,499
plus
*Current Listings & Past 3 Months Resales (2/1/12-4/30/12)
The level of inventory is currently 4.1
months, indicating a tight market, compared to 6.0 months one year ago. Inventory
conditions reached a peak of 13.2 months in Spring 2009 and a low of 3.8 months in
December 2009, when the $8,000 federal new-homebuyer tax credit expired.
The average market time in the current three-month period was 73 days, a 3.8 percent
decrease from last year. In the current cycle, the days on market measure was highest
in January 2011 at 105 days and lowest in April 2008 at 53 days. The overall market
time reached a plateau between 2008 and 2011, as inventory tightened but sellers
remained resistant to lowering their respective list prices.
Average Days on Market
By price range, average
San Francisco
sold market times in the
90
three months ended
80
March 31, 2012 were 94
70
days for homes under
60
$600,000, 54 days
50
between $600,000 and
40
$1,000,000 and 61 days
30
above $1,000,000.
20
10
0
96
97
Source: SFAR, MLS
98
99
00
01
02
03
04
05
06
07
08
09
10
11
*Year-to-date
12*
POLARISGRO U P.C OM
SAN F RA NC ISC O
MARKET REPORT
MAY 2012
3
Market Overview
FORECLOSURE ACTIVITY
Condominium Notices of Default
The number of foreclosure proceedings
totaled 81 notices for the three months ended
140
Number of Mortgage Default Notices
started against San Francisco homeowners
160
March 31, 2012, a substantial 34.1 percent
decrease from the prior year. Overall, Notices
of Default remain low in San Francisco relative
to surrounding markets. However, there is a
sizeable supply of troubled condominiums that
are pending resolution and continue to restrain
the market.
San Francisco County
120
100
80
60
40
20
0
A condominium is added to the foreclosure
Q1
07
backlog when a Notice of Default is issued
Q1
08
Q1
09
Q1
10
Q1
11
Q1
12
Quarter/Year
Source: Foreclosure Radar
against the property. The unit is removed from
the backlog in one of three ways: (1) the
Condominium Distressed Sales—Short and Foreclosure
homeowner pays the delinquent amount on
35%
the mortgage; (2) the homeowner sells the
30%
Percentage of Total Resales
property for less than the mortgage balance
(with the difference forgiven by the lender); or
(3) the lender completes the foreclosure
process by selling the property to a third party.
Therefore, the backlog accounts for all bankowned properties and those units on the brink
of foreclosure.
25%
20%
15%
10%
5%
0%
The foreclosure backlog currently consists of
Q1
07
607 units. The change in the backlog in the
was -9, meaning the
Notices of Default.
Q1
11
Q1
12
Quarter/Year
Quarterly Addition to Backlog
Existing Backlog
600
Number of Unresolved Default Notices
number of new
Q1
10
700
mortgages made
exceeded the
Q1
09
Condominium Foreclosure Backlog
number of
third party
Q1
08
Source: Foreclosure Radar, SFAR MLS
first quarter of 2012
current or sold to a
500
400
300
200
POLARISGRO U P.C OM
100
SAN F RA NC ISC O
0
Q1‐07
Q1‐08
Q1‐09
Quarter/Year
Q1‐10
Q1‐11
Q1‐12
MARKET REPORT
MAY 2012
Source: Foreclosure Radar, SFAR MLS
4
Market Overview
NEW DEVELOPMENT TRENDS
The number of new condominiums built since the mid-1990's has been relatively small.
There were just under 11,000 new condominium units completed between 1995 and
2004, equating to an average of 1,100 new units per year over a 10-year period. This, in
addition to the general lack of new home building activity during the 1980’s, caused
pent-up demand and led to increased condominium development when the market
began to heat up in 2002, due to sharply
New Condominium Unit Completions
San Francisco
falling interest rates and easy credit. The
2006-08 period will likely mark the cyclical
4,000
peak in new condominium development, a
3,500
time in which an average of 2,800 units
3,000
were completed annually. The peak year
2,500
was 2007, when 3,550 new units were
2,000
delivered to the market. In stark contrast,
1,500
projections for the years 2012 through
2013 indicate an average of only 340 units
to be completed per year.
1,000
500
-
The new condominium market has gained
95
strong sales momentum and reduced
96
97
98
99
00
01
02
03
04
05
06
07
08
Source: San Francisco Planning Dept. / Polaris
09
10
11
12*
13*
*Full-year projected
available supply in recent months. There
are 13 projects currently on the market
New & Existing Condo Inventory— For Sale Listings
offering 475 units, with more than 35
San Francisco
coming from the new Madrone
development in Mission Bay, which began
presales in late 2011. Approximately 76.2
percent of the 1,992 units contained in
those 13 developments have been sold or
are under contract to be sold.
Many new condominium projects have
been cancelled, delayed or repositioned to
rentals. Reductions in price and inventory
Year of Completion/Remaining On-Market
percent of the total standing inventory
2012
Resale
Homes
2012
New
Homes
Resale Condo Inventory
On-Market
New Condo Standing
Inventory On-Market
2013
U.C.
Homes
Under Construction
On-Market
Under Construction
for 2013 delivery
0
200
400
600
800
1,000
1,200
should be viewed as very positive signs, as
they have helped to stabilize the market.
Number of Units
POLARISGRO U P.C OM
SAN F RA NC ISC O
MARKET REPORT
MAY 2012
5
New Developments
Currently Selling
Sales Performance
# of
Units
Units Units in Units
Closed Contract Available
Project Name / Address
Neighborhood
Developer
Millennium Tower - 301 Mission St
SOMA - South Financial
Millennium Partners
419
280
55
84
One Rincon - 425 1st St
SOMA - Rincon Hill
Urban West Associates
396
366
16
14
Madrone - 420 Mission Bay Blvd
SOMA - Mission Bay
Bosa Development
329
0
150
179
One Hawthorne - 1 Hawthorne St
SOMA - Yerba Buena
Jackson Pacific Venture
165
121
19
25
Candlestick Cove - 101 Executive Park Blvd
Candlestick Point
Signature Properties
150
44
42
64
5800 Third Street - 5800 3rd St
Bayview
Holliday Dev. / Goldman Sachs
137
58
15
64
BLU - 631 Folsom St
SOMA
Lennar Urban / Malcolm Prop.
114
112
0
2
829 Folsom - 829 Folsom St
SOMA
Museum Plaza, LLC
69
55
3
11
Esprit Park-North Court - 850 Minnesota St
Dogpatch
Macquarie Holdings
67
25
37
5
The Artani - 818 Van Ness Ave
Civic Center / Van Ness
George McNabb et al
52
43
0
9
299 Valencia - 299 Valencia St
Mission District
JS Sullivan Development
36
0
26
10
Millwheel South - 1301 Indiana St
Dogpatch
R Group
32
0
25
7
1840 Washington - 1840 Washington St
Pacific Heights
Worldco Company
26
16
9
1
Total 1,992
1,120
397
475
POLARISGRO UP.COM
MA Y 2012
SAN FRANCISCO MARKET REPORT
6
New Developments
Currently Selling
Currently Selling—Sales Performance
San Francisco
Units Closed
Units in Contra ct
Units Av aila ble
Mil lennium Tower
One R incon
Madrone
One Hawthorne
Can dlestick Cove
5800 Third Street
BLU
829 Fol som
Esprit Park‐North Court
The Artani
299 Valencia
Mil lwheel S outh
1840 Was hington
0
50
100
150
200
250
300
350
400
450
Number of Units
POLARISGRO UP.COM
MA Y 2012
7
Millennium Tower
301 Mission Street
Millennium Tower features a 60-story tower, a nine-story mid-rise
building, retail space and a two-story glass atrium open to the
public. The retail space includes RN74 restaurant by chef Michael
Mina. The project is located within the Transbay Terminal
redevelopment area on Mission and Fremont Streets. Designed by
Handel Architects, the building showcases a façade with blue
glass and metal fins, creating the impression of a translucent
crystal amidst the San Francisco skyline. Millennium Tower is split
into three segments: the City Residences, The Residences and
The Grand Residences.
PROJECT INFORMATION
Developer:
Total Units:
Construction Schedule:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Millennium Partners
419
Sep-05
Apr-09
193 + 117 valet
$775-$1,525
Amenities:
 24-hour concierge
 Outdoor terrace
 20,000-square-foot amenity &
entertainment complex
PROJECT SALES STATUS
Date on Market:
Number of Units in Contract:
Number of Units Closed:
Closing Date Range:
Average Monthly Absorption:
 Fitness Center with indoor pool &
Jacuzzi
Nov-07
55
280
 Children’s playroom
 Wine cellar & tasting room
Apr-09 - Apr-12
6.1
PROJECT UNIT MIX & LIST PRICE SUMMARY
Unit Type
1-Bedroom
1.5-Bedroom
2-Bedroom
3-Bedroom
PH
# Units
129
4
210
68
8
Unit Size (SF)
666
1,280
1,127
1,600
2,230
-
Price Per Sq.Ft. (PSF)
Price Range
1,955
2,280
3,315
2,706
5,555
$570,000
$1,375,000
$935,000
$1,600,000
$3,200,000
-
$1,600,000
$2,100,000
$2,200,000
$2,500,000
$6,000,000
$818
$1,101
$664
$924
$1,080
-
$856
$1,266
$830
$1,000
$1,435
CLOSED NEW SALES SUMMARY (All Sales & Market Rate Pricing)
Unit Type
1-Bedroom
1.5-Bedroom
2-Bedroom
3-Bedroom
PH
# Sales
87
1
164
25
3
Unit Size (SF)
666
1,766
789
1,601
1,485
-
Avg Size
1,799
1,766
3,315
5,555
1,955
857
1,766
1,693
2,489
1,691
Price Range
$550,000
$1,844,500
$920,000
$1,968,000
$2,400,000
-
$1,904,000
$1,844,500
$8,100,000
$5,159,500
$2,400,000
Avg Price
PSF Range
$797,232
$1,844,500
$1,999,659
$3,102,048
$2,400,000
$750
$1,044
$717
$779
$1,470
Sold PSF
DOM
-
$1,122
$1,044
$3,733
$1,556
$1,470
Avg PSF
$930
$1,044
$1,181
$1,246
$1,419
MLS MARKET ACTIVITY (Past 12 Months)
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1
833
1,605
$829,900
$2,297,000
$996
$1,431
891
1,806
$865,750
$2,013,500
$984
$1,096
Sold Price
Active Listings
1-Bedroom Avgs
2-Bedroom Avgs
87
24
Contingent/Pending Listings
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
4
4
MA Y 2012
$833,250
$1,882,000
$949
$1,025
52
107
8
One Rincon
425 1st Street
One Rincon is located atop Rincon Hill, next to the
Bay Bridge. The 65-story Phase I tower sits where
the Union 76 and Bank of America clock tower once
stood. Designed by architectural firm Solomon Cordwell Buenz & Associates, the Phase I building includes 396 homes and features white metal aluminum trim and a curtain wall facade, which allows for
floor-to-ceiling glass. Interiors feature hardwood
flooring, Italian cabinetry from Del Tongo, Sub-Zero
refrigerators and Bosch stainless steel appliances.
PROJECT INFORMATION
Urban West Associates
396
Start Date
Aug-05
Completion
Feb-08
396 (Valet)
Monthly Avg
$700-$1,000
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 Landscaped garden, sundeck &
swimming pool with whirlpool
spa
 Gourmet barbeque area &
catering kitchen
Date on Market:
Closing Date Range:
Jun-06
16
366
383 center
 Fitness
 Business center
Feb-08 - Apr-12
5.3
Unit Type
# Units
1-Bedroom
2-Bedroom
3-Bedroom
158
215
23
Unit Size (SF)
Price Range
605 1,261 2,000 -
$570,000 $870,000 - $1,595,000
$1,825,000 -
$942 $690 - $1,265
$913 -
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
Silent closings - No Sales Data Available
Unit Type
Sold Price
# Listings
Unit Size (SF)
List Price
List PSF
6
6
1
711
1,378
1,947
$682,417
$1,533,833
$2,350,000
$950
$1,093
$1,207
3
1
783
1,449
$654,983
$2,029,000
$839
$1,400
-
-
11
89
10
9
1
750
1,276
1,928
$676,480
$1,135,433
$1,495,000
$894
$888
$775
$665,750
$1,103,667
$1,450,000
$879
$863
$752
59
45
340
Sold PSF
DOM
Active Listings
1-Bedroom Avgs
2-Bedroom Avgs
3-Bedroom Avgs
14
64
124
1-Bedroom Avgs
2-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
3-Bedroom Avgs
POLARISGRO UP.COM
MA Y 2012
9
Madrone
420 Mission Bay Boulevard
Madrone is the second phase of the Radiance development, located on the Third Street corridor in Mission Bay. The 329 units feature Bosch and Thermador kitchen appliances, CaesarStone slab countertops and polished chrome fixtures by Kohler. Select
homes include balconies and roof decks.
Madrone is currently writing presale contracts and is
expected to be completed by early 2013.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
BOSA Development
329
Feb-11
n/a
TBD
$715-$900
Amenities:
 Swimming pool with sundeck
 Fitness center
Jul-11
150
0
Date on Market:
Closing Date Range:
 Theater room
 Landscaped gardens
n/a - n/a
14.8
Unit Type
# Units
Unit Size (SF)
1-Bedroom
2-Bedroom
104
225
928 - 943
1,141 - 1,921
Price Range
$584,000 - $639,000
$725,000 - $1,850,000
$629 - $678
$635 - $963
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
2
928
1,412
$596,000
$1,347,000
$642
$956
973
1,380
$619,000
$1,130,500
$637
$786
Sold Price
Sold PSF
DOM
Active Listings
1-Bedroom Avgs
2-Bedroom Avgs
18
70
1-Bedroom Avgs
2-Bedroom Avgs
2
4
-
-
10
59
Sold Listings
POLARISGRO UP.COM
MA Y 2012
10
One Hawthorne
1 Hawthorne Street
One Hawthorne, located in SOMA, is a 24-story
building consisting of 165 homes. Homes range
in size from a 498-square-foot junior onebedroom to a 2,200-square-foot three-bedroom
home. All residences feature white-oak entry
doors and expansive windows; most homes also
include an office/den, walk-in closet and patio/
balcony.
PROJECT INFORMATION
Developer:
Total Units:
Jackson Pacific Ventures
165
Feb-08
Start Date
Mar-10
Completion
Valet
$450-$650
Monthly Avg
Parking Stalls:
HOA Dues:
Amenities:
 Roof garden with barbeque
 Fitness center with cooling
terrace
Apr-10
19
121
Date on Market:
Number of Units In-Contract:
Jul-10 - Apr-12
Closing Date Range:
5.5
Unit Type
0.5-Bedroom
1.5-Bedroom
2.5-Bedroom
PH
# Units
26
74
57
8
Price Range
Unit Size (SF)
498
750
1,120
1,590
-
675
955
1,567
2,200
$350,000
$520,000
$725,000
n/a
- n/a
$703
$693
$647
n/a
- n/a
Unit Type
0.5-Bedroom
1.5-Bedroom
2.5-Bedroom
# Sales
18
60
43
Unit Size (SF)
Avg Size
487 - 675
750 - 1,249
833 - 1,440
545
883
1,304
Price Range
$357,500 - $565,000
$355,000 - $805,000
$626,500 - $1,400,000
Avg Price
PSF Range
Avg PSF
$425,233
$624,970
$987,628
$530 - $953
$424 - $853
$573 - $992
$780
$708
$757
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
POLARISGRO UP.COM
MA Y 2012
11
Candlestick Cove
101 Executive Park Boulevard
Candlestick Cove consists of 150 townhomes in
the Candlestick Point district of San Francisco.
These homes feature granite slab countertops,
ceramic tile flooring, beech wood cabinetry and
Kohler fixtures in the kitchen and ceramic tile
flooring in the bathrooms. The community is
located near a neighborhood park, the 20-acre
wildlife refuge of Bayview Park, as well as the
Bayview Trail system and Candlestick Point
Recreation Area.
PROJECT INFORMATION
Developer:
Total Units:
150 (20 BMR)
Apr-08
Start Date
Aug-10
Completion
2-car, direct access garage for each home
$448-$575
Monthly Avg
Parking Stalls:
HOA Dues:
Amenities:
 Attached two-car garages
 Landscaped common areas
Oct-07
42
44
Date on Market:
Closing Date Range:
Feb-09 - Nov-11
1.5
Unit Type
2-Bedroom TH
3-Bedroom TH
4-Bedroom TH
# Units
Unit Size (SF)
Price Range
28
88
34
1,297 - 1,336
1,450 - 1,655
1,930 - 1,930
$499,000 - $529,000
$529,000 - $549,000
$599,000 - $599,000
$385 - $396
$332 - $365
$310 - $310
Unit Type
2-Bedroom TH
3-Bedroom TH
4-Bedroom TH
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
10
29
5
1,297 - 1,337
1,300 - 1,655
1,450 - 1,450
1,302
1,567
1,450
$460,000 - $512,000
$322,500 - $662,500
$490,000 - $553,000
$481,900
$550,145
$530,500
$355 - $383
$211 - $410
$338 - $381
$370
$351
$366
Sold Price
Sold PSF
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
DOM
Active Listings
Sold Listings
COMMENTS: In February 2009, list prices were further reduced by approximately $100,000 (i.e., a 15 to 20 percent price reduction).
POLARISGRO UP.COM
MA Y 2012
12
5800 Third Street
5800 3rd Street
5800 Third Street, originally the site of a CocaCola bottling plant, is located at the corner of 3rd
Street and Carroll Avenue. The community offers
137 new homes consisting of one-, two-, and
three-bedroom flats and townhomes, in addition
to street-level retail. The homes, which range in
size from 766 to 1,725 square feet, feature
stainless steel appliances, gas ranges and
balconies.
PROJECT INFORMATION
Holliday Development / Goldman Sachs
137 (17 BMR)
Start Date
Apr-07
Completion
Jun-10
137
Monthly Avg
n/a
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 Courtyards
 Community space
Date on Market:
Closing Date Range:
 Bike lounge
Jun-10
15
58
 Dog washing station
n/a - n/a
n/a
Unit Type
# Units
Unit Size (SF)
1-Bedroom
2-Bedroom
3-Bedroom
30
72
35
766 - 916
1,070 - 1,382
1,287 - 1,725
Price Range
$350,000 $450,000 $550,000 -
$457 $421 $427 -
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1
766
1,086
$320,000
$440,000
$418
$405
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
3-Bedroom Avgs
28
28
1-Bedroom Avgs
1
820
$349,000
$426
-
-
21
2-Bedroom Avgs
2
1,126
$479,000
$426
-
-
18
1
816
$339,000
$415
$318,000
$390
48
Sold Listings
1-Bedroom Avgs
POLARISGRO UP.COM
MA Y 2012
13
BLU
631 Folsom Street
BLU offers 114 contemporary urban residences in
SOMA, at the corner of 2nd Street and Folsom Street.
Unlike most condominium projects in San Francisco,
BLU offers no studio or one-bedroom homes. The
smallest home at the project offers two bedrooms
and 950 square feet of living area. The interiors at
the
project
come
with
Viking
stainless
steel
appliances, granite countertops and floor-to-ceiling
windows. BLU has six three-story penthouses, all of
which feature private solariums.
PROJECT INFORMATION
Lennar Urban / Malcom Properties
114
Start Date
Mar-07
Completion
Feb-09
116
Monthly Avg
$650
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 Private rear garden terrace, with
fountain, BBQ area & catering
area
 24-hour lobby attendant
Date on Market:
Closing Date Range:
 Concierge
May-08
0
112
 Rooftop solariums in the six
penthouses
Apr-09 - Oct-12
2.3
Unit Type
# Units
Unit Size (SF)
Price Range
2-Bedroom
PH
108
6
950 - 1,250
2,050 - 2,400
$599,000 - $1,300,000
$1,862,000 - $3,300,000
$631 - $1,040
$908 - $1,375
Unit Type
# Sales
Unit Size (SF)
Avg Size
2-Bedroom
PH
108
4
931 - 1,257
1,803 - 2,462
1,105
2,187
Price Range
Avg Price
$575,000 - $1,100,000 $792,596
$1,710,308 - $2,800,000 $2,390,077
PSF Range
Avg PSF
$523 - $985
$949 - $1,236
$717
$1,093
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
2
2,430
$2,732,500
$1,124
1,074
$895,100
$832
Sold Price
Sold PSF
DOM
Active Listings
PH Avgs
153
Sold Listings
2-Bedroom Avgs
10
$855,300
$796
76
COMMENTS: BMRs fulfilled through in-lieu fee.
POLARISGRO UP.COM
MA Y 2012
14
829 Folsom
829 Folsom Street
Located steps away from the Yerba Buena
Gardens, 829 Folsom is located on Folsom Street,
between 4th and 5th Streets. The project is within
walking distance of the SOMA Whole Foods and
the Westfield San Francisco Centre. Homes
feature floor-to-ceiling bay windows, wood flooring
and European-style kitchen cabinetry.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Museum Plaza, LLC
69
Feb-07
Feb-09
63
$400-$500
Amenities:
 Rooftop terrace
 Community garden
Date on Market:
Closing Date Range:
 Social room with kitchen
Apr-09
3
55
May-10 - Jan-12
1.5
Unit Type
Studio
Junior 1-Bedroom
1-Bedroom
1.5-Bedroom
2-Bedroom
2.5-Bedroom
3-Bedroom
# Units
3
6
9
35
10
5
1
Unit Size (SF)
486
502
675
634
875
1,161
1,462
-
Price Range
486
557
880
931
977
1,161
1,462
$375,000
$450,000
$535,000
$550,000
$720,000
$722,000
$630,000
-
$375,000
$550,000
$620,000
$700,000
$785,000
$722,000
$935,000
$772
$896
$705
$752
$803
$622
$431
-
$772
$987
$793
$868
$823
$622
$640
Unit Type
0.5-Bedroom
1-Bedroom
1.5-Bedroom
2-Bedroom
2.5-Bedroom
# Sales
1
14
34
4
2
Unit Size (SF)
558
484
634
883
1,161
-
Avg Size
558
698
970
931
1,161
558
575
765
907
1,161
Price Range
$485,000
$343,000
$450,000
$685,000
$752,000
-
Avg Price
$485,000
$527,000
$665,000
$705,000
$823,000
$485,000
$441,006
$529,188
$693,775
$787,500
PSF Range
$869
$709
$588
$736
$648
-
$869
$936
$789
$787
$709
Avg PSF
$869
$766
$692
$765
$678
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
557
653
1,002
$499,000
$531,192
$720,590
$896
$814
$722
$485,000
$529,167
$706,250
$871
$810
$708
57
89
85
Active Listings
Sold Listings
0-Bedroom Avgs
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
1
6
4
MA Y 2012
15
Esprit Park-North Court
850 Minnesota Street
Esprit Park borders a 1.8-acre public park in
the Dogpatch neighborhood and features
eight buildings divided into two complexes
surrounding central courtyards. The north
buildings
are
all
new-construction.
The
residences feature waxed concrete, bamboo
and Berber carpet flooring, stainless steel
appliances,
hand-crafted
wood
cabinetry,
granite countertops and large patios, decks,
or terraces on over 80 percent of the homes.
PROJECT INFORMATION
Developer:
Total Units:
The units at the North Court were originally for-
Macquarie Holdings (Prior Dev: Build, Inc.)
67
n/a
Start Date
Dec-08
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
rent apartments.
Amenities:
$400-$500
 On-site café with private outdoor seating
Aug-11
37
25
 High-speed data service with
every residence
Date on Market:
Closing Date Range:
 Two-level fitness center & theater
Sep-11 - Apr-12
6.8
Unit Type
1-Bedroom
2-Bedroom
2-Bedroom TH
# Units
33
16
18
Unit Size (SF)
Price Range
835 - 922
1,221 - 1,414
1,226 - 1,675
$535,000 - $590,000
$895,000 - $980,000
$925,000 -
$640 - $641
$693 - $733
$754 -
Unit Type
1-Bedroom
2-Bedroom
2-Bedroom TH
# Sales
12
7
6
Unit Size (SF)
Avg Size
852
1,264
1,560
855 - 855
1,243 - 1,268
1,391 - 1,586
Price Range
$525,000 - $625,000
$730,000 - $799,000
$775,000 - $963,000
Avg Price
$557,000
$770,857
$912,838
Sold Price
Sold PSF
PSF Range
$614 - $731
$544 - $643
$557 - $607
Avg PSF
$650
$612
$585
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
2
835
$594,500
$712
DOM
Active Listings
1-Bedroom Avgs
27
Sold Listings
1-Bedroom Avgs
4
835
$570,000
$683
$556,016
$666
95
2-Bedroom Avgs
3
1,598
$967,343
$606
$949,009
$594
71
POLARISGRO UP.COM
MA Y 2012
16
The Artani
818 Van Ness Avenue
The Artani is an eight-story building located on
Van Ness Avenue between Eddy and Ellis
Streets in the Civic Center area. The project was
designed by Forum Design and includes two
ground-floor retail spaces in addition to the
residential units on the upper floors. Homes
feature hardwood floors, Bosch and Viking
appliances,
CaesarStone
countertops
and
Hansgrohe kitchen faucets.
PROJECT INFORMATION
Developer:
Total Units:
George McNabb et al
52 (2 BMR)
n/a
Start Date
Dec-08
Completion
62 (including 10 tandem for PH units)
Monthly Avg
$370-$600
Parking Stalls:
HOA Dues:
Amenities:
 Roof terrace
 Concierge
Mar-10
0
43
Date on Market:
Closing Date Range:
Apr-10 - Apr-12
1.6
Unit Type
1-Bedroom
1.5-Bedroom
2-Bedroom
# Units
19
12
21
Unit Size (SF)
650 - 885
796 - 835
991 - 1,181
Price Range
$499,000 - $549,000
$609,000 $749,000 -
$768 - $845
$765 $756 -
Unit Type
1-Bedroom
1.5-Bedroom
2-Bedroom
# Sales
19
6
18
Unit Size (SF)
Avg Size
647 - 885
796 - 835
800 - 1,308
768
821
1,057
Price Range
Avg Price
$450,000 - $609,000 $517,158
$549,000 - $649,000 $589,833
$605,000 - $1,046,000 $801,139
PSF Range
Avg PSF
$588 - $789
$678 - $777
$683 - $874
$674
$719
$758
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1,033
$749,000
$725
763
987
$526,500
$758,200
$689
$765
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
11
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
4
5
MA Y 2012
$534,000
$741,865
$699
$749
94
87
17
299 Valencia
299 Valencia Street
This five-story development is a rare example of
new residential construction in the Mission
District. Situated along the Valencia Corridor,
299 Valencia is a collection of 36 homes
featuring white oak hardwood floors in living
areas, Italian porcelain tile flooring in baths and
Caesarstone
countertops
throughout.
Most
homes include a balcony, and the shared roof
deck affords expansive views of the Bay Bridge
to the east and Twin Peaks to the west.
PROJECT INFORMATION
Developer:
Total Units:
JS Sullivan Development
36 (4 BMR)
Feb-11
Start Date
May-12
Completion
25
Monthly Avg
$315-$405
Parking Stalls:
HOA Dues:
Amenities:
 Roof deck
 Community meeting room
Mar-12
26
0
Date on Market:
Closing Date Range:
n/a - n/a
13.0
Unit Type
# Units
Unit Size (SF)
Price Range
1-Bedroom
2-Bedroom
16
20
445 - 660
630 - 975
$441,850 - $544,700
$524,600 - $704,500
$825 - $992
$714 - $846
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
POLARISGRO UP.COM
MA Y 2012
18
Millwheel South
1301 Indiana Street
Millwheel South is located in the historic
Dogpatch
neighborhood,
which
combines
artisanal restaurants and park space with
commute-friendly proximity to I-280 and the
Third Street corridor. Homes at the community
feature
gas
fireplaces,
Chroma
Quartz
countertops in kitchen and bath, Frigidaire
Professional Collection stainless steel kitchen
appliances and Bosch laundry appliances.
Living areas have white oak hardwood flooring,
while the bedroom spaces have Shaw carpeting.
PROJECT INFORMATION
Developer:
Total Units:
R Group
32
Jan-11
May-12
48
$350-$410
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
 Elevated landscaped courtyard
May-12
25
0
Date on Market:
Closing Date Range:
n/a - n/a
n/a
Unit Type
# Units
Unit Size (SF)
Price Range
1-Bedroom
2-Bedroom
3-Bedroom
1
15
16
750 - 750
940 - 1,580
1,100 - 1,602
$540,000 - $540,000
$620,000 - $775,000
$685,000 - $800,000
$720 - $720
$491 - $660
$499 - $623
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
POLARISGRO UP.COM
MA Y 2012
19
1840 Washington
1840 Washington Street
Located on the eastern edge of Pacific Heights,
1840 Washington features open floor plan
designs and views of the city and bay. The 26
homes range in size from the one-bedroom plan
at 837 square feet to the three-bedroom
penthouses at 1,467 square feet, with a balcony
at each home. Interior finishes include Bosch
stainless
steel
appliances,
CaesarStone
counters in kitchens and baths, Grohe fixtures
and Studio Becker cabinetry.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Worldco Company
26
Apr-10
Jan-12
26
$408-$535
Amenities:
 Landscaped roof terrace
Date on Market:
Closing Date Range:
Dec-11
9
16
Feb-12 - Apr-12
5.0
Unit Type
# Units
Unit Size (SF)
Price Range
1-Bedroom
2-Bedroom
PH
6
18
2
837 - 863
923 - 1,009
1,467 - 1,467
$725,000 - $875,000
$835,000 - $1,145,000
$2,095,000 - $2,095,000
$866 $905 $1,428 -
$1,014
$1,135
$1,428
Unit Type
# Sales
Unit Size (SF)
Avg Size
1-Bedroom
2-Bedroom
4
12
837 - 837
824 - 985
837
940
Price Range
Avg Price
$759,000 - $875,000
$803,000
$939,000 - $1,122,100 $1,002,066
PSF Range
Avg PSF
$907 - $1,045
$984 - $1,141
$959
$1,067
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
POLARISGRO UP.COM
MA Y 2012
20
Repositioned Projects
# of Units
Repositioned
# of
Units
Neighborhood
Developer / Owner
Argenta - 1 Polk St
Behringer Harvard
179
179
HighPoint - 1888 Geneva Ave
Crocker-Amazon
HighPoint Luxury Homes
48
48
188 King - 188 King St
South Beach
David O'Keefe
32
44
259
271
Repositioned (from Condos to Rentals)
Total
POLARISGRO UP.COM
MA Y 2012
21
Argenta
1 Polk Street
The
179-unit,
Donald
MacDonald
Architects
designed Argenta is located in the Civic Center
district, within two blocks of City Hall, United Nations
Plaza, Davies Symphony Hall, the Opera House and
the San Francisco City Auditorium. The 17-story
building includes an 8,000-square-foot landscaped
terrace, commercial space and a 4,000-square-foot
ground-floor retail space.
Behringer
Harvard
purchased
Argenta
from
Macquerie Bank in May 2011.
PROJECT INFORMATION
Developer / Owner:
Total Units:
Parking Stalls:
HOA Dues:
Behringer Harvard (Prior Dev.: Anka Development)
179 (9 BMR)
Dec-06
Start Date
Oct-08
Completion
132
Monthly Avg
Amenities:
 Concierge
Date on Market:
Date Taken Off Condo Market:
Closing Date Range:
Oct-08
Nov-08
0
n/a - n/a
Unit Type
Studio
1-Bedroom
2-Bedroom
# Units
15
110
54
POLARISGRO UP.COM
Unit Size (SF)
609 - 609
736 - 803
950 - 1,374
MA Y 2012
22
HighPoint
1888 Geneva Avenue
HighPoint is 12-story condominium project in the
Crocker-Amazon district. Built on one terraced acre,
every home comes with nine-foot ceilings, fireplaces
and hardwood flooring. Kitchens come with maple
cabinets, polished granite countertops, stainless
steel sinks with Grohe faucets and stainless steel
appliances including gas range, oven, microwave
and dishwasher.
PROJECT INFORMATION
HighPoint Luxury Homes
48
Mar-05
Start Date
Jul-08
Completion
Developer / Owner:
Total Units:
Amenities:
 Media / Club room
Parking Stalls:
HOA Dues:
Monthly Avg
$490-$550
 Courtyard
Date on Market:
Closing Date Range:
Sep-08
Dec-08
0
n/a - n/a
Unit Type
1-Bedroom
2-Bedroom
3-Bedroom
4-Bedroom
# Units
1
39
6
2
POLARISGRO UP.COM
Unit Size (SF)
667 1,300 - 1,425
1,754
2,543 -
MA Y 2012
23
188 King
188 King Street
188 King is located in the South Beach
neighborhood, across the street from the AT&T
Ballpark. This condominium building, designed
by
architect
Michael
Leavitt
of
Leavitt
Architecture, was previously the site of a thriving
garment factory. These live/work loft residences
feature
16-foot
high
ceilings,
double-height
windows, brass catwalks, Kohler faucets and
other premium appliances.
188 King opened for sale in 2006. After closing
ten homes, the remaining unsold homes were
PROJECT INFORMATION
Developer / Owner:
Total Units:
David O'Keefe
44
Jan-05
Aug-06
n/a
$440-$560
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
Date on Market:
Closing Date Range:
 Professional staff & doorman
Oct-09
Sep-10
12
Aug-06 - Oct-09
Unit Type
1-Bedroom
# Units
30
Unit Size (SF)
2-Bedroom
14
1,700 - 2,200
909 - 1,123
Unit Type
1-Bedroom
# Sales
11
Unit Size (SF)
2-Bedroom
1
1,799 - 1,799
911 - 1,123
Price Range
PSF Range
Avg Size
1,059
Avg Price
$750,000 - $1,075,000 $905,000
$708 - $958
Avg PSF
$854
1,799
$1,450,000 - $1,450,000 $1,450,000
$806 - $806
$806
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
POLARISGRO UP.COM
MA Y 2012
24
# of
Units
Neighborhood
Developer
The Beacon - 250-260 King St
The Infinity-Tower I - 301-333 Main St
The Metropolitan - 333-355 1st St
The Brannan - 219-239 Brannan St
The Palms - 555 4th St
The Infinity-Tower II - 338 Spear St
Arterra - 300 Berry St
SOMA Grand - 1160 Mission St
888 Seventh Street - 888 7th St
140 South Van Ness - 140 S. Van Ness Ave
170 Off Third - 170 King St
Yerba Buena Lofts - 855 Folsom St
Candlestick Point-The Cove - 301 Crescent Wy
199 New - 199 New Montgomery St
The Potrero - 451 Kansas St
Four Seasons Residences - 765 Market St
The Watermark - 501 Beale St
Symphony Towers - 750 Van Ness Ave
The Hayes - 55 Page St
Park Terrace - 325 Berry St
SOMA - Mission Bay
SOMA - Rincon Hill
SOMA - Rincon Hill
SOMA - South Beach
SOMA
SOMA - Rincon Hill
SOMA - Mission Bay
SOMA - Mid-Market
SOMA - Showplace Square
SOMA
SOMA - Mission Bay
SOMA - Yerba Buena
Candlestick Point
SOMA - Yerba Buena
Potrero Hill
SOMA - Yerba Buena
SOMA - South Beach
Hayes Valley
SOMA - Mission Bay
Centurion Real Estate Partners
Tishman Speyer
Crescent Heights
Reliance Development Company
Cassidy Construction
Tishman Speyer
Intracorp
AGI Capital / TMG Partners
AF Evans Development, Inc.
Chariot SVN
Security Properties / Principal
Ed Tansev
Top Vision Development
Monahan Pacific
Lambert Development
Millennium Partners
Lend Lease
West Bay Builders
Intracorp
Opus West / Phoenix Property Co.
595
365
342
328
301
285
269
246
224
208
201
200
176
166
165
142
136
130
128
110
88 Townsend - 88 Townsend St
The Montgomery - 74 New Montgomery St
St. Regis Residences - 188 Minna St
Radiance - 330 Mission Bay Blvd
235 Berry - 235 Berry St
Cubix - 766 Harrison St
The Lansing - 40-50 Lansing St
Heritage on Fillmore - 1310 Fillmore St
Shipley Square - 821 Folsom St
Union - 2125 Bryant St
Esprit Park-South Court - 900 Minnesota St
Broderick Place - 350 Broderick St
733 Front - 733 Front St
Sierra Heights - 25 Sierra St
SOMA - South Beach
SOMA - Yerba Buena
SOMA - Yerba Buena
SOMA - Mission Bay
SOMA - Mission Bay
SOMA
SOMA - Rincon Hill
W. Addition - Fillmore
SOMA - Yerba Buena
Mission District
Dogpatch
Panhandle
Jackson Square
Potrero Hill
Rosenberg Company
New Urban Properties
Starwood Hotels / Carpenter & Co.
Bosa Development
First Citizens Bank
Lambert Development
EM Johnson Interest, Inc.
WMS Partners
by Palisades
Macquarie Holdings
Atlantic Pacific Partners
The R Group
109
107
102
99
99
98
82
80
78
76
75
70
69
66
BaySide Vista - 188 Mary Teresa St
Alamo Square - 988 Fulton St
555 Barlett - 3402 Cesar Chavez St
Book Concern Building - 83 McAllister St
Ritz-Carlton Club & Res. - 690 Market St
Mint Collection-Hales Warehouse - 410 Jessie St
1 Ecker - 16 Jessie St
77 Van Ness - 77 Van Ness Ave
The Royal - 201 Sansome St
Bayview Hts - Little Hollywood
Alamo Square
Mission District
South Financial
SOMA - Mid-Market
SOMA - South Financial
Financial District
Bay Side Vista, LLC
988 Holdings, LLC
Seven Hills Properties
Group I
HCT Investments
Martin Building Company
The Pauls Corporation
Comac
Atlantic Pacific Partners / Kriti
64
63
60
60
59
52
51
50
46
Continued on next page
POLARISGRO UP.COM
MA Y 2012
25
# of
Units
Neighborhood
Developer
310 Townsend - 310 Townsend St
Chelsea Park - 29 Oakwood St
SOMA
Mission District
Santa Fe Partners
Cullen Properties
45
39
901 Bush - 901 Bush St
One South Park - 1 S. Park Ave
Mosaica 601 - 601 Alabama St
LindenHayes - 233 Franklin St
The Citrino - 566 S. Van Ness Ave
Downtown
SOMA - South Beach
Mission District
Hayes Valley
Mission District
Santa Fe Partners
Mercy Housing Corporation
Village Builders
Dolmen Property Group
38
35
34
32
32
The Greenwich - 1501 Greenwich St
The Odeon - 181 O'Farrell St
The Garfield - 942 Market St
Axis - 1299 Bush St
270 Valencia - 270 Valencia St
2200 Mission - 2200 Mission St
1355 Pacific - 1355 Pacific Ave
788 Minna - 788 Minna St
Cow Hollow
Union Square
SOMA - Mid-Market
Downtown
Mission District
Mission District
Nob Hill
SOMA
J.C.N. Developers
Union Property Capital
HCT Investments
Maurice Casey / Mike Joyce
Spiers Development
H & A Investments
McGalken, LLC
Eamonn Herlihy
29
29
28
26
24
23
23
20
6,889
Total
POLARISGRO UP.COM
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26
The Beacon
250-260 King Street
The Beacon is a mixed-use project located in the
Mission
Bay
neighborhood.
The
buildings
occupy an entire city block surrounded by King,
Townsend, 3rd and 4th Streets. Originally
opened in January 2004 as a rental project
named Mission Place, the property was sold in
December 2004 and then converted to for-sale
condominiums. The project also includes 50,000
square feet of office space and 80,000 square
feet of retail space. The majority of the retail
space has been leased to Safeway and the
PROJECT INFORMATION
Developer:
Total Units:
Centurion Real Estate Partners
595 (26 BMR)
Aug-01
Start Date
Jan-04
Completion
595
Monthly Avg
$500-$800
Parking Stalls:
HOA Dues:
California Institute of Regenerative Medicine.
Amenities:
 Outdoor pool & spa
Jul-05
Jul-07
Date on Market:
Date Sold Out:
Closing Date Range:
Jul-05 - Jul-07
23.8
Unit Type
# Sales
Studio
1-Bedroom
2-Bedroom
3-Bedroom
64
293
219
19
Unit Size (SF)
550
715
927
1,290
-
Avg Size
699
1,104
1,653
1,653
637
851
1,240
1,503
Price Range
$423,500
$495,000
$685,000
$900,000
-
Avg Price
$663,500
$514,363
$820,000
$642,418
$1,406,700 $913,361
$1,195,000 $1,013,321
PSF Range
$714
$581
$601
$583
-
Avg PSF
$989
$993
$1,003
$740
$809
$755
$735
$675
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1,208
$899,000
$744
3
1
717
1,186
$309,333
$528,888
$433
$446
-
-
39
21
8
22
12
592
843
1,237
$304,288
$370,329
$693,158
$515
$443
$561
$305,688
$371,318
$694,492
$517
$444
$563
89
87
141
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
24
1-Bedroom Avgs
2-Bedroom Avgs
Sold Listings
Studio Avgs
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
MA Y 2012
27
The Infinity-Tower I
301-333 Main Street
The Infinity is a 650-unit luxury condominium project
consisting of two clover-shaped towers (36 and 41 stories)
and two mid-rise buildings. The project was co-designed by
Arquitectonica and Heller Manus. The homes have floor-toceiling windows to maximize the views and are appointed
with Studio Becker cabinetry, granite countertops and Bosch
stainless steel appliances. The project also includes an open
plaza in the center of the community and 21,000 square feet
of ground floor retail space, part of which will house Prospect,
a planned restaurant by chef Nancy Oakes of Boulevard.
PROJECT INFORMATION
Developer:
Total Units:
Tishman Speyer
365
Jun-06
Apr-08
365
$700
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
 24-hour attended lobby &
concierge
 Fitness center & indoor swimming pool
 Club lounge with catering
kitchen
Date on Market:
Date Sold Out:
Closing Date Range:
Jun-06
Sep-09
 Private theatre & business
center
Feb-08 - Sep-09
9.2
CLOSED NEW SALES SUMMARY
Unit Type
# Sales
Studio
1-Bedroom
2-Bedroom
3-Bedroom
18
99
208
40
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
Silent Closings - No Sales Data Available
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1
908
1,317
$599,000
$1,550,000
$660
$1,177
836
$645,000
$772
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
3-Bedroom Avgs
95
46
2-Bedroom Avgs
1
-
-
10
Sold Listings
1-Bedroom Avgs
6
823
$633,667
$771
$635,167
$773
34
2-Bedroom Avgs
10
1,200
$1,041,300
$866
$1,031,954
$858
65
COMMENTS: BMRs fulfilled offsite at the 888 Seventh Street project.
POLARISGRO UP.COM
MA Y 2012
28
The Metropolitan
333 & 355 1st Street
The
Metropolitan,
a
342-unit
condominium
project, is located at the corner of 1st and Folsom
Streets in the center of San Francisco's Rincon
Hill district. Designed by HKS and Heller Manus
Architects, the project is split into two towers: the
21-story north tower and the 28-story south tower.
This condominium complex comes with a host of
high quality finishes, including black granite
kitchen counters, oak cabinets, stainless steel
appliances and buff-colored marble bathroom
tiles. The buildings share a fitness center,
PROJECT INFORMATION
Developer:
Total Units:
Crescent Heights
342 (34 BMR)
Jan-01
Jul-04
352
$520-$650
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
recreation room, business room, garden terrace
and an indoor heated pool.
Amenities:
Mar-04
Feb-05
Date on Market:
Date Sold Out:
Closing Date Range:
 Concierge
May-04 - Feb-05
30.4
 Kitchen & community room
PROJECT UNIT MIX
Unit Type
Studio
1-Bedroom
2-Bedroom
3-Bedroom
# Units
21
175
143
3
Unit Size (SF)
432
563
875
1,201
-
 Offices & conference rooms
Avg Size
503
688
1,081
1,279
568
795
1,481
1,436
Sold Price
# Listings
Unit Size (SF)
List Price
List PSF
0-Bedroom Avgs
1-Bedroom Avgs
1
1
709
$479,000
$649,000
$915
17
4
2-Bedroom Avgs
2
1,009
$844,000
$840
56
1
691
$297,589
$431
-
-
82
2
12
7
469
697
1,160
$368,723
$487,792
$785,221
$787
$701
$675
$352,500
$492,567
$787,843
$752
$708
$675
129
83
68
Unit Type
Sold PSF
DOM
Active Listings
1-Bedroom Avgs
Sold Listings
Studio Avgs
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
MA Y 2012
29
The Brannan
219-239 Brannan Street
The
Brannan
is
a
luxury
condominium
development consisting of three 17-story towers
that were built in phases between 2000 and 2002.
The project is located in the South Beach area of
San Francisco. The homes have many luxury
amenities including Studio Becker kitchen and
bath cabinetry, interior design by Christian Liaigre
and beautiful views of the city and the San
Francisco Bay. The area includes an eclectic mix
of business and professional services, retail
stores,
PROJECT INFORMATION
Developer:
Total Units:
Reliance Development Company
328 (67 BMR)
Start Date
Mar-97
Completion
Sep-00
336
Monthly Avg
$700-$825
Parking Stalls:
HOA Dues:
nightclubs,
recreational
Amenities:
 Pool
Date on Market:
Date Sold Out:
Closing Date Range:
restaurants,
facilities and art galleries.
Oct-99
Jan-03
 24-hour security
Jun-00 - Jan-03
8.3
PROJECT UNIT MIX
Unit Type
Studio
1-Bedroom
2-Bedroom
3-Bedroom
# Units
4
89
215
20
Unit Size (SF)
476
723
781
1,544
-
Avg Size
488
1,035
1,262
1,678
524
2,000
1,602
2,005
# Listings
Unit Size (SF)
2-Bedroom Avgs
2
1,289
$1,199,500
$957
43
3-Bedroom Avgs
1
2,005
$3,310,000
$1,651
7
854
1,318
2,575
$651,000
$1,062,614
$1,795,000
$763
$812
$697
Unit Type
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
3-Bedroom Avgs
3
11
1
POLARISGRO UP.COM
MA Y 2012
$644,000
$1,032,909
$1,625,000
$754
$789
$631
39
48
94
30
The Palms
555 4th Street
The Palms is an eight-story condominium project
designed by Ian Birchall and Associates located
in the heart of SOMA, near the corner of 4th and
Brannan Streets. The project has three floors of
above-grade
parking,
concealed
from
the
streetscape by the condominium homes. Homes
at The Palms include the following interior
appointments: custom Studio Becker cabinetry,
Cambria stone kitchen countertops, stainless
steel
Bosch
appliances,
Carrera
marble
countertops in baths, Kohler bath fixtures and
PROJECT INFORMATION
Developer:
Total Units:
walnut flooring.
301
Aug-04
Start Date
Aug-06
Completion
298
$500
Monthly Avg
Parking Stalls:
HOA Dues:
Amenities:
 Concierge
 Landscaped courtyard
 Fully-equipped business center
with private conference room &
high-speed internet
Nov-05
Apr-08
Date on Market:
Date Sold Out:
Closing Date Range:
Aug-06 - Apr-08
10.2
Unit Type
# Sales
Studio
1-Bedroom
2-Bedroom
3-Bedroom
37
156
104
4
Unit Size (SF)
454
563
876
1,737
-
Avg Size
616
1,215
1,274
2,585
549
727
1,060
2,198
Price Range
$395,000
$385,000
$472,941
$855,000
-
PSF Range
Avg Price
$551,029
$470,165
$795,000
$595,891
$1,265,067 $820,436
$1,345,067 $1,165,000
$771
$512
$426
$376
-
Avg PSF
$963
$1,205
$1,016
$745
$859
$828
$778
$547
# Listings
Unit Size (SF)
List Price
List PSF
1-Bedroom Avgs
1
2-Bedroom Avgs
1
721
$489,000
$678
3
993
$750,000
$755
8
1
888
$550,000
$619
Studio Avgs
2
528
$327,400
1-Bedroom Avgs
2-Bedroom Avgs
11
4
689
1,131
$434,418
$749,000
Unit Type
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
-
-
130
$620
$325,000
$615
70
$632
$664
$435,918
$767,750
$634
$681
97
54
Sold Listings
COMMENTS: BMR units built offsite at 785 Brannan Street
POLARISGRO UP.COM
MA Y 2012
31
The Infinity-Tower II
338 Spear Street
The Infinity-Tower II consists of 285 units in a 41story building. The project was co-designed by
Arquitectonica and Heller Manus. The homes have
floor-to-ceiling windows to maximize the views and
are appointed with Studio Becker cabinetry, granite
countertops and Bosch stainless steel appliances.
The Infinity-Tower II, in contrast to the first tower,
features further upgraded appliances on the upper
floors and is positioned closer to the Embarcadero
waterfront.
PROJECT INFORMATION
Developer:
Total Units:
Tishman Speyer
285
Mar-07
Feb-09
301
$700-$1,100
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
 24-hour attended lobby &
concierge
 Fitness center & indoor
swimming pool
Date on Market:
Date Sold Out:
Closing Date Range:
 Club lounge with catering kitchen
Feb-09
Mar-11
 Private theatre & business
center
Apr-09 - Mar-11
11.3
CLOSED NEW SALES SUMMARY
Unit Type
# Sales
Unit Size (SF)
Avg Size
1-Bedroom
2-Bedroom
3-Bedroom
115
154
16
654 - 1,182
1,025 - 3,322
1,607 - 3,322
859
1,361
1,753
Price Range
Avg Price
$350,000 - $1,480,000 $688,039
$535,000 - $2,000,000 $946,815
$1,845,000 - $5,200,000 $2,405,909
PSF Range
Avg PSF
$498 - $1,839
$424 - $1,425
$1,148 - $1,742
$801
$696
$1,372
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
1-Bedroom Avgs
3
1,402
$1,440,667
$1,005
20
3-Bedroom Avgs
1
1,563
$2,900,000
$1,855
137
1
1,167
$885,000
$758
-
-
34
4
6
817
1,296
$714,238
$1,283,500
$884
$985
$708,000
$1,240,500
$874
$953
58
52
2-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
COMMENTS: BMRs fulfilled offsite at 888 7th Street.
POLARISGRO UP.COM
MA Y 2012
32
Arterra
300 Berry Street
Arterra, San Francisco’s first LEED-certified high-rise
community, is located within the Mission Bay neighborhood. The project consists of three buildings
characterized by deep recesses and bold colors: a
16-story tower along 5th Street, a six-story midrise
building along Berry Street and nine-story edifice
bordering King Street. Some green features include
a living roof, operable windows, energy-efficient appliances and an exterior clad in Trespa, a product
that consists of resin and recycled paper.
PROJECT INFORMATION
Developer:
Total Units:
Intracorp
269
Mar-06
Aug-08
258
$400-$600
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
 24-hour front desk attendant &
concierge
 Wellness & fitness center
 Community lounge
Date on Market:
Date Sold Out:
Closing Date Range:
 Rooftop sun deck with
barbeque & lounge area
Jun-06
Mar-10
Aug-08 - Mar-10
5.9
Unit Type
# Sales
1-Bedroom
2-Bedroom
154
115
Unit Size (SF)
Avg Size
506 - 1,035
727 - 1,160
724
1,004
Price Range
$300,000 - $859,000
$410,000 - $1,075,000
Avg Price
$551,621
$716,758
PSF Range
Avg PSF
$577 - $1,236
$502 - $1,051
$762
$714
Unit Type
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
1
965
$795,000
$824
-
-
24
14
6
741
1,001
$593,643
$752,500
$808
$752
$587,893
$748,083
$800
$748
31
26
# Listings
Active Listings
1-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
COMMENTS: BMR units built in separate buildings as part of Mission Bay master plan. In October 2008, list prices were reduced by $43,000 to $154,000
(i.e., a 7 to 19 percent price decrease).
POLARISGRO UP.COM
MA Y 2012
33
SOMA Grand
1160 Mission Street
SOMA Grand is a 22-story “lifestyle” community
adorned with concrete panels and green glass adjacent to the Thom Mayne-designed Federal Building.
This project includes a four-story mural designed by
local artist Dorothy Lenehan and fifth-floor terrace
housing most of the community’s amenities. SOMA
Grand offers its residents a host of “boutique hotel”
services managed by Joie de Vivre Hospitality. The
ground-floor retail space includes Heaven’s Dog
restaurant by The Slanted Door’s Charles Phan.
PROJECT INFORMATION
AGI Capital / TMG Partners
246 (29 BMR)
Start Date
Nov-05
Completion
Dec-07
504 (includes public pkg)
$500-$730
Monthly Avg
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 Luxury hotel services by Joie
de Vivre Hospitality
 Fitness center & yoga & massage rooms
Date on Market:
Date Sold Out:
Closing Date Range:
 Club room, spa, hot tub, fire
pit & gas grill on fifth floor
Mar-07
Jun-10
 On-site City CarShare
Dec-07 - Jun-10
6.2
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
0.5-Bedroom
1-Bedroom
4
66
773 - 773
626 - 931
773
824
$460,000 - $460,000
$455,000 - $775,000
$460,000
$565,571
$595 - $595
$499 - $948
$595
$686
1.5-Bedroom
2-Bedroom
3-Bedroom
72
94
10
942 - 945
1,031 - 1,494
1,301 - 1,983
942
1,330
1,727
$463 - $770
$351 - $822
$812 - $857
$625
$579
$906
Unit Type
$436,212 - $725,000
$588,617
$496,294 - $1,160,000 $770,305
$1,330,000 - $1,700,000 $1,563,500
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
1
1,660
$1,888,000
$1,137
1
765
$499,000
$652
-
-
11
3
728
$537,333
$741
$471,667
$653
168
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
17
1-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
COMMENTS: Approximately 75% of the units include parking, otherwise deeded parking available for $45,000. Valet parking also available.
POLARISGRO UP.COM
MA Y 2012
34
888 Seventh Street
888 7th Street
Located on the border of the Mission Bay district of San Francisco, the project offers 28
different floor plans with distinctive designs,
modern sophistication and inspiring spaces.
The David Baker designed homes are located
just off of King Street at 7th Street, near
UCSF’s new Mission Bay campus. The residences are also conveniently located near
transportation, including highways 101 and
280.
PROJECT INFORMATION
Developer:
Total Units:
AF Evans Development, Inc.
224 (170 BMR)
Start Date
Jan-06
Completion
May-08
257
Monthly Avg
$300-$470
Parking Stalls:
HOA Dues:
Amenities:
 Secured entry
 Landscaped courtyard &
common areas
 Community room
Date on Market:
Date Sold Out:
Closing Date Range:
 Resident serving retail space
Jun-06
Mar-09
May-08 - Mar-09
6.7
Unit Type
# Sales
Studio
1-Bedroom
2-Bedroom
3-Bedroom
28 + 15 BMR
18 + 49 BMR
0 + 81 BMR
8 + 25 BMR
Unit Size (SF)
496
549
890
1,104
-
Avg Size
496
725
1,012
1,547
496
666
950
1,339
Price Range
$310,000
$390,000
n/a
$709,000
-
Avg Price
$446,000
$540,000
n/a
$957,658
$417,231
$450,000
n/a
$817,146
Sold Price
Sold PSF
PSF Range
$804
$710
n/a
$536
-
Avg PSF
$899
$745
n/a
$658
$841
$676
n/a
$615
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
DOM
Active Listings
Sold Listings
POLARISGRO UP.COM
MA Y 2012
35
140 South Van Ness
140 S. Van Ness Avenue
140 South Van Ness offers junior one-, one-, twoand three-bedroom residences. Home features
include
stainless
steel
appliances,
granite
kitchen countertops, limestone and marble
bathrooms and hardwood floors. The homes are
located in the Civic Center district and borders
South of Market to the east, the Mission District
to the south, the Castro to the west and Van
Ness Avenue and City Hall to the north. The
residences are located near major transportation
corridors including BART and the 101 and 280
PROJECT INFORMATION
Developer:
Total Units:
Chariot SVN
208 (23 BMR)
Dec-99
Jan-03
212
$280-$359
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
freeways.
Amenities:
Date on Market:
Date Sold Out:
Closing Date Range:
Nov-02
Jan-04
 Panoramic city views
Jan-03 - Jan-04
 Fitness club & conference room
14.6
PROJECT UNIT MIX
Unit Type
Studio
1-Bedroom
1-Bedroom Loft
2-Bedroom
3-Bedroom PH
# Units
17
48
46
96
1
Unit Size (SF)
575
710
830
1,010
3,800
-
Avg Size
598
781
831
1,191
3,800
630
796
860
1,805
3,800
Unit Type
Sold Price
# Listings
Unit Size (SF)
List Price
List PSF
1
1,115
$559,000
$501
1
630
$350,000
$556
-
-
247
5
782
$403,453
$518
$390,500
$500
195
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
46
1-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
POLARISGRO UP.COM
MA Y 2012
36
170 Off Third
170 King Street
170 Off Third, located directly across the street from
AT&T Park, features 198 homes in two 11-story
towers. There are 35 different floor plans at 170 Off
Third,
ranging
from
condominiums.
studios
Many
of
to
the
three-bedroom
homes
include
panoramic city and bay views. Interiors feature builtin
computer
workstations,
granite
countertops,
stainless steel KitchenAid appliances and secured
parking. The project also features public artwork—
from sculpture to glasswork—commissioned by four
separate artists.
PROJECT INFORMATION
Security Properties / Principal
201 (24 BMR)
Start Date
Jul-04
Completion
Jun-07
201
Monthly Avg
$515-$630
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 Club Room with a private theatre
Date on Market:
Date Sold Out:
Closing Date Range:
 Landscaped courtyard with
spa & full-sized lap pool
Feb-07
Sep-09
 Outdoor BBQ grills & rooftop
sun deck
Jan-07 - Sep-09
6.4
Unit Type
Studio
1-Bedroom
1.5-Bedroom
2-Bedroom
# Sales
43
40
29
89
Unit Size (SF)
416
464
752
464
-
Avg Size
597
744
852
1,143
Price Range
473
674
792
896
Avg Price
PSF Range
Avg PSF
Silent Closings - No Sales Data Available
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
641
$548,200
$866
$550,000
$874
31
Active Listings
Sold Listings
1-Bedroom Avgs
POLARISGRO UP.COM
5
MA Y 2012
37
Yerba Buena Lofts
855 Folsom Street
Yerba Buena Lofts is comprised of 200 lofts
designed
by
Stanley
Saitowitz
of
Natoma
Architects. The building’s concrete façade takes
a contemporary interpretation of the bay window,
with double-height windows made of translucent
glass. These bay windows are alternated on the
façade with concrete balconies. The two-level loft
homes feature 16-foot high ceilings, galley
kitchens
and
floor-to-ceiling
glass.
The
residences are near the intersection of Folsom
and 5th Streets, close to Restaurant Lulu and the
SOMA Whole Foods.
PROJECT INFORMATION
Developer:
Total Units:
Ed Tansev
200 (20 BMR)
Feb-00
Feb-02
200
$400-$550
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
 24-hour security
 Residential lobby with Japanese
garden
Mar-01
May-05
Date on Market:
Date Sold Out:
Closing Date Range:
Feb-02 - May-05
3.9
PROJECT UNIT MIX
Unit Type
1-Bedroom Loft
# Units
200
Unit Size (SF)
Avg Size
911
363 - 1,710
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
852
838
$564,363
$750,000
$667
$895
$545,250
$742,500
$645
$886
109
152
Active Listings
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
8
1
MA Y 2012
38
Candlestick Point-The Cove
301-501 Crescent Way
Candlestick Point-The Cove is part of a threephase development. The first building was
completed
in
December
2006
and
the
remaining buildings were completed in April
2007. The community is composed of one-,
two- and three-bedroom homes that feature
granite countertops, wood kitchen cabinets,
ample closet space and washer and dryer
hook-ups. Residents can enjoy direct access
to the Bayview Trail system, views of the San
Francisco Bay and easy access to freeways.
PROJECT INFORMATION
Top Vision Development
176 (18 BMR)
Start Date
Jun-04
Completion
Apr-06
255
Monthly Avg
$300-$350
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 24-hour security personnel at
gated entrance
 Complimentary shuttle service
from front gates to Caltrain &
BART
Date on Market:
Date Sold Out:
Closing Date Range:
Jul-06
Jul-10
Dec-06 - Jul-10
4.1
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
1-Bedroom
2-Bedroom
3-Bedroom
48
105
23
787 - 1,027
842 - 1,166
1,050 - 1,443
813
1,013
1,368
$329,000 - $530,000
$371,500 - $665,000
$415,441 - $765,500
$425,537
$542,042
$668,222
$408 - $588
$321 - $741
$306 - $579
$524
$541
$490
Sold Price
Sold PSF
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1
842
1,424
$210,000
$349,900
$249
$246
800
$212,633
$266
DOM
Active Listings
1-Bedroom Avgs
3-Bedroom Avgs
3
56
1-Bedroom Avgs
3
-
-
46
Sold Listings
1-Bedroom Avgs
2
795
$232,450
$293
$212,450
$267
65
2-Bedroom Avgs
3-Bedroom Avgs
2
1
1,130
1,421
$284,950
$359,900
$252
$253
$313,000
$385,000
$278
$271
9
46
POLARISGRO UP.COM
MA Y 2012
39
199 New Montgomery
199 New Montgomery Street
199 New consists of 166 studio, one-bedroom,
one-bedroom plus den and two-bedroom floor
plans. This 16-story project, designed by Heller
Manus Architects, has a masonry façade that fits
in well with its pre-World War II neighbors. The
project
is
located
at
the
corner
of
New
Montgomery and Howard Streets, near SF MOMA
and the Montgomery BART station. The project
showcases an art-filled lobby by Albert Paley
Sculpture and a rooftop garden terrace. Home
features include granite countertops, Bosch
PROJECT INFORMATION
Developer:
Total Units:
Monahan Pacific
166 (18 BMR)
Jul-03
Jan-05
83
$463-$501
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
appliances and walk-in closets.
Amenities:
 Common roof deck with BBQ area
Feb-05
Dec-06
Date on Market:
Date Sold Out:
Closing Date Range:
Oct-04 - Dec-06
7.6
Unit Type
Studio
1-Bedroom
1.5-Bedroom
2-Bedroom
2.5-Bedroom
# Sales
31
43
62
15
15
Unit Size (SF)
392
851
779
851
1,148
-
Avg Size
414
1,089
1,019
1,089
1,163
409
1,071
838
1,071
1,156
Price Range
$302,500
$475,000
$388,000
$475,000
$480,000
-
Avg Price
$477,000
$975,000
$855,000
$975,000
$999,500
$377,567
$752,231
$603,024
$752,231
$692,167
Sold Price
Sold PSF
PSF Range
$740
$558
$498
$558
$413
-
Avg PSF
$1,166
$895
$934
$895
$871
$923
$700
$723
$700
$600
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
412
$285,000
$692
653
$595,000
$911
-
-
63
DOM
Active Listings
Studio Avgs
99
1-Bedroom Avgs
1
Sold Listings
1-Bedroom Avgs
4
754
$519,250
$695
$509,625
$680
109
2-Bedroom Avgs
1
1,019
$679,000
$666
$640,000
$628
174
POLARISGRO UP.COM
MA Y 2012
40
The Potrero
451 Kansas Street
The Potrero is a condominium project on Kansas
Street that sits above a Whole Foods Market in the
Potrero Hill neighborhood. The project is divided
into two buildings, North and South, with each
building featuring its own outdoor landscaped
courtyard. Separating the two buildings is an
outdoor courtyard, called the Mews. The homes at
The Potrero range from studio to three-bedroom
townhomes. They feature Studio Becker cabinetry,
GE Profile stainless steel appliances and granite
countertops.
PROJECT INFORMATION
Lambert Development
165 (20 BMR)
Start Date
Nov-05
Completion
Aug-07
252
Monthly Avg
$380-$580
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 Rooftop deck
 Landscaped courtyard & mews
Date on Market:
Date Sold Out:
Closing Date Range:
 Whole Foods Market
Feb-07
Mar-09
 Private outdoor space in select
homes
Apr-07 - Mar-09
6.5
Unit Type
Studio
1-Bedroom
1.5-Bedroom
2-Bedroom
2-Bedroom TH
3-Bedroom TH
# Sales
28
58
14
57
4
4
Unit Size (SF)
488
716
853
1,004
1,064
1,475
-
Avg Size
488
793
853
1,064
1,064
1,475
488
718
853
1,018
1,064
1,475
Price Range
$369,000
$479,000
$510,000
$560,000
$750,000
$870,000
-
Avg Price
PSF Range
$496,000
$700,000
$725,000
$890,882
$822,500
$972,500
$425,640
$588,928
$643,542
$749,493
$789,875
$936,125
$756
$669
$598
$558
$705
$590
Sold Price
Sold PSF
DOM
-
Avg PSF
$1,016
$978
$850
$887
$773
$659
$872
$821
$754
$740
$742
$635
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Active Listings
1-Bedroom Avgs
2
662
$547,000
$826
-
-
106
2-Bedroom Avgs
1
1,025
$799,000
$780
-
-
16
1
2
9
436
661
968
$369,000
$522,500
$671,988
$846
$790
$696
$341,500
$507,500
$653,556
$783
$768
$677
24
172
76
Sold Listings
Studio Avgs
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
MA Y 2012
41
Four Seasons Residences
765 Market Street
The Four Seasons Residences are centrally located
along Market Street in the Yerba Buena District. The
36-story, glass-clad structure contains 142 luxury
condominiums atop a 277-room Four Seasons Hotel.
These Residences offer full hotel services that are
shared with the hotel, including valet parking and
access to a 70,000-square-foot Sports Club LA. The
interiors
of
the
homes
boast
granite
kitchen
countertops, Viking ranges, marble baths, Sub-Zero
refrigerators, Sefina cabinets and a wine cabinet.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Millennium Partners
142
May-99
Jun-01
Valet
$1,200-$2,200
Amenities:
 Services of the Four Seasons
hotel
 100,000-square-foot sports club
fitness & spa facility
Date on Market:
Date Sold Out:
Closing Date Range:
Mar-00
Dec-04
 25,000 square feet of outdoor
restaurant/cafe space along a
pedestrian corridor
2.4
 80,000 square feet of groundfloor retail space.
Jun-01 - Dec-04
PROJECT UNIT MIX
Unit Type
1-Bedroom
1-Bedroom PH
2-Bedroom
2-Bedroom PH
3-Bedroom
3-Bedroom PH
4-Bedroom
4-Bedroom PH
# Units
25
2
58
9
22
2
9
15
Unit Size (SF)
792
960
1,402
1,427
2,522
2,588
2,677
2,572
-
Avg Size
946
960
1,819
1,729
3,017
2,588
3,245
3,690
1,238
960
2,576
2,588
4,359
2,588
4,380
5,463
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
2
1,454
$2,190,000
$1,506
3,318
$7,600,000
$2,291
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
44
Sold Listings
3-Bedroom Avgs
1
$7,200,000
$2,170
103
COMMENTS: No BMR units, paid in-lieu fee
POLARISGRO UP.COM
MA Y 2012
42
The Watermark
501 Beale Street
The Watermark is a 138-unit condominium project
located at the corner of Bryant and Beale Streets, in
the South Beach waterfront area. The project
contains a 22-story opalescent glass tower and
adjoining five-story podium structure, which contains
six two-story townhomes and an above-ground
parking structure. Project amenities, which are
primarily clustered on the fifth-floor podium level,
include a swimming pool and deck, grass sunning
area, barbeque area and an interior exercise room.
Home features include honed-black granite kitchen
countertops and Cifial, Hansgrohe, Bosch and
SubZero appliances.
PROJECT INFORMATION
Developer:
Total Units:
Lend Lease
136 (16 BMR)
Jul-04
Mar-06
136
$729
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
 Concierge & 24-hour doorman
 Outdoor full-sized, heated lap
pool & spa
Date on Market:
Date Sold Out:
Closing Date Range:
Mar-06
Oct-06
 Patio & barbecue overlooking the
Bay
Apr-06 - Oct-06
17.7
Unit Type
1-Bedroom
1-Bedroom Loft
2-Bedroom
2-Bedroom PH
3-Bedroom
3-Bedroom PH
# Sales
25
6
81
4
14
6
Unit Size (SF)
759
590
759
1,019
1,362
1,362
-
Avg Size
852
1,237
1,259
1,128
1,469
2,055
776
801
1,088
1,074
1,431
1,629
Price Range
$640,000
$575,000
$795,000
$1,180,000
$1,368,000
$1,523,000
-
$894,000
$725,000
$1,664,000
$1,350,000
$2,365,000
$2,500,000
Avg Price
PSF Range
$752,833
$671,167
$1,070,718
$1,270,000
$1,750,857
$2,014,500
$843
$586
$1,047
$1,158
$1,004
$1,118
Sold PSF
DOM
-
Avg PSF
$1,049
$975
$1,322
$1,197
$1,610
$1,217
$970
$838
$984
$1,183
$1,224
$1,237
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
3
1,150
$1,124,633
$978
Sold Price
Active Listings
2-Bedroom Avgs
38
Sold Listings
1-Bedroom Avgs
2
759
$519,450
$684
$551,000
$726
24
2-Bedroom Avgs
6
1,143
$999,000
$861
$1,000,500
$861
28
POLARISGRO UP.COM
MA Y 2012
43
Symphony Towers
750 Van Ness Avenue
Symphony Towers consists of a 13-story and a
9-story tower rising from an underground
parking garage with an 1,800-square-foot retail
pad. The project, which is located at the corner
of Van Ness Avenue and Turk Street, is situated
a few blocks from City Hall, the Civic Center
and the San Francisco Symphony. Homes
range
from
studios
to
two-bedroom
condominiums. In order to maximize the
amount of parking space, Symphony Towers
PROJECT INFORMATION
Developer:
Total Units:
uses a stacker parking system.
West Bay Builders
130 (16 BMR)
Start Date
Feb-08
Completion
115 (includes 43 stacked stalls)
Monthly Avg
$300-$500
Parking Stalls:
HOA Dues:
Amenities:
fountains
Date on Market:
Date Sold Out:
Closing Date Range:
 Landscaped roof deck
May-07
n/a
129
 Expansive bay windows in all
residences
Feb-08 - Mar-12
2.2
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
Studio
1-Bedroom
2-Bedroom
59
59
11
338 - 400
608 - 908
1,008 - 1,077
383
726
1,061
$265,000 - $480,000
$419,000 - $700,000
$670,000 - $861,500
$347,803
$535,406
$739,950
Sold Price
Sold PSF
PSF Range
Avg PSF
$663 - $1,200
$577 - $1,021
$631 - $800
$909
$738
$698
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
2
2
396
739
$261,500
$328,265
$661
$445
395
744
$322,333
$463,200
$816
$626
DOM
Active Listings
0-Bedroom Avgs
1-Bedroom Avgs
20
60
Sold Listings
Studio Avgs
1-Bedroom Avgs
3
5
$315,667
$448,800
$799
$606
95
86
COMMENTS: Symphony Towers previously offered approximately 30 homes at the project for-rent; in February 2010, these homes were brought back to
the for-sale market. All homes in the development have sold except one, which the developer is currently leasing.
POLARISGRO UP.COM
MA Y 2012
44
The Hayes
55 Page Street
The Hayes is a 128-home community located at
the corner of Gough and Page Streets in the
Hayes Valley neighborhood. Of these 128 homes,
111 are market-rate condominiums and 17 are
below market-rate apartments. The Hayes Valley
neighborhood is characterized by its eclectic
assemblage of shops and restaurants. Homes
include Studio Becker cabinetry, Hansgrohe and
Durafit fixtures and Whirlpool appliances. Many of
PROJECT INFORMATION
Developer:
Total Units:
Intracorp
128 (111 condos, 17 BMR apts.)
Mar-06
Start Date
Mar-08
Completion
108 (leased stalls for $100/month)
$300-$500
Monthly Avg
Parking Stalls:
HOA Dues:
the homes boast large bay windows and private
balconies.
Amenities:
 Attended lobby
Jun-07
Jun-09
Date on Market:
Date Sold Out:
Closing Date Range:
 Landscaped roof deck
Mar-08 - Jun-09
5.3
Unit Type
# Sales
Studio
0.5-Bedroom
1-Bedroom
1.5-Bedroom
2-Bedroom
21
3
3
57
28
2.5-Bedroom
16
Unit Size (SF)
407
689
666
657
954
-
Avg Size
Price Range
-
Avg Price
PSF Range
476
870
666
1,090
1,187
432
810
666
770
1,023
$304,000
$535,000
$584,500
$495,000
$570,000
$477,500
$554,000
$584,500
$764,000
$1,003,000
$409,000
$546,333
$584,500
$630,299
$755,640
$747
$632
$878
$483
$518
-
1,016 - 1,499
1,114
$650,000 - $1,258,000
$807,007
$633 - $841
Avg PSF
$1,167
$776
$878
$991
$886
$947
$675
$878
$818
$738
$724
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1
831
987
$799,000
$899,000
$961
$911
694
1,023
$587,000
$734,000
$847
$717
Sold Price
Sold PSF
DOM
Active Listings
1-Bedroom Avgs
2-Bedroom Avgs
18
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
2
2
$610,000
$712,250
$882
$696
77
31
COMMENTS: In October 2008, list prices were reduced by $61,000 to $155,000 (i.e., a 10 to 18 percent price reduction).
POLARISGRO UP.COM
MA Y 2012
45
Park Terrace
325 Berry Street
Park Terrace is a waterfront community located
alongside Mission Creek in San Francisco’s
thriving Mission Bay neighborhood. Urban
amenities such as AT&T Park, The Ferry
Building Farmer’s Market, The Embarcadero,
grocery stores and restaurants are only a stroll
away. Park Terrace offers a vibrant urban
lifestyle that is surrounded by picturesque
promenades and parks. The units feature
stainless steel GE Profile appliances, hardwood
floor in the kitchen, carpet in the living area,
granite countertops and European frameless
PROJECT INFORMATION
Developer:
Total Units:
cabinets with an amber stain.
Opus West / Phoenix Property Co.
110
Sep-05
Start Date
Aug-07
Completion
108
Monthly Avg
$430-$550
Parking Stalls:
HOA Dues:
Amenities:
 Entrance lobby with guest
seating area
 Conference room with Wi-Fi
 Cardio fitness center
Jun-06
Dec-08
Date on Market:
Date Sold Out:
Closing Date Range:
 Third-floor landscaped courtyard
with fountain & barbeque
Aug-07 - Dec-08
3.6
Unit Type
1-Bedroom
1.5-Bedroom
2-Bedroom
2-Bedroom TH
# Units
40
12
43
15
Price Range
Unit Size (SF)
710
918
1,102
1,247
-
939
1,117
1,905
2,416
$599,900
$748,000
$792,000
$789,500
-
$805,900
$925,000
$1,948,000
$1,796,000
$845
$815
$719
$633
-
$858
$828
$1,023
$743
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
872
1,234
$568,667
$899,250
$652
$729
$541,000
$862,250
$621
$700
82
60
Active Listings
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
3
2
COMMENTS: BMR units built in separate buildings as part of Mission Bay master plan
POLARISGRO UP.COM
MA Y 2012
46
88 Townsend
88 Townsend Street
Situated on the original site of the 1882-built
California Warehouse, 88 Townsend Street is
located one block from AT&T Park. The building
was redeveloped into a five-story condominium
building with 112 junior one-, one- and twobedroom condominium homes
with
nine-foot
ceilings. Some of the homes have private terraces
and patios. Many aspects of the original facade
have been carefully preserved and integrated into
a brand new building constructed around two
landscaped courtyards.
PROJECT INFORMATION
Rosenberg Company
109 (13 BMR)
Start Date
Feb-03
Completion
Oct-04
100
$400-$575
Monthly Avg
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 Two landscaped courtyards
 Roof deck
 Two private elevators
 High-speed Internet wiring for
each home
Jul-04
Nov-06
Date on Market:
Date Sold Out:
Closing Date Range:
Oct-04 - Nov-06
3.8
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
1-Bedroom
2-Bedroom
98
11
538 - 950
1,110 - 1,206
709
1,150
$400,000 - $745,000
$775,000 - $975,000
$539,071
$851,600
$594 - $930
$674 - $810
$765
$741
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
711
950
$565,500
$689,000
$803
$725
$558,417
$679,000
$792
$715
62
53
Active Listings
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
6
1
MA Y 2012
47
The Montgomery
74 New Montgomery
The Montgomery was originally built in 1914 as
The Call Building, home of The Call newspaper.
The building underwent a seismic retrofit and
complete interior redesign to convert the historic
office building into 107 residences. Home features
include granite slab countertops, Bosch stainlesssteel appliances, walk-in closets, in-home storage
and laundry, oversized windows and private
terraces in penthouse units. The homes are
PROJECT INFORMATION
New Urban Properties
107 (11 BMR)
Start Date
Mar-06
Completion
Jan-08
17
Monthly Avg
$625-$875
Developer:
Total Units:
Parking Stalls:
HOA Dues:
centrally located in the Yerba Buena District.
Amenities:
 Lobby attendant
 24-hour controlled access to
the building
Date on Market:
Date Sold Out:
Closing Date Range:
Jan-07
Dec-09
Jan-08 - Dec-09
3.0
Unit Type
Studio
1-Bedroom
1.5-Bedroom
2-Bedroom
2.5-Bedroom PH
# Sales
38
15
28
21
5
Unit Size (SF)
480
694
782
1,046
1,531
-
Avg Size
698
866
969
1,216
1,678
540
755
861
1,112
1,619
Price Range
$345,000
$483,000
$420,000
$715,000
$1,290,000
-
PSF Range
Avg Price
$600,000
$465,667
$720,000
$566,143
$895,000
$681,667
$1,242,500 $1,064,500
$1,990,000 $1,710,000
$567
$583
$520
$637
$831
-
Avg PSF
$1,032
$865
$946
$1,188
$1,191
$863
$750
$792
$957
$1,057
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
1
824
$655,000
$795
1
1,069
$1,100,000
$1,029
-
-
-
2
3
2
598
686
1,085
$448,500
$504,400
$904,500
$767
$736
$837
$422,500
$499,563
$890,000
$718
$729
$824
77
124
27
Sold PSF
DOM
Active Listings
1-Bedroom Avgs
7
1-Bedroom Avgs
Sold Listings
0-Bedroom Avgs
1-Bedroom Avgs
2-Bedroom Avgs
COMMENTS: Parking spaces - 17 deeded stalls, remainder are off-site, leased, valet parking at The Paramount Garage. First 3 of 7 year parking lease
paid by the developer.
POLARISGRO UP.COM
MA Y 2012
48
St. Regis Residences
188 Minna Street
The St. Regis Residences occupy the upper 18
floors of a 40-story mixed-use project adjacent to the
San Francisco Museum of Modern Art (SF MOMA), at
the corner of Mission and 3rd Streets. In addition to
102
condominiums,
the
complex
houses
the
Museum of African Diaspora; Ame, a high-end
Japanese restaurant; and a 206-room St. Regis
Hotel. The tower, which incorporates the 1907-built
Williams building at its western edge, is cloaked in
pre-cast concrete and glass. Condominium residents
have their own separate lobby, designed by Yabu
Pushelberg, which features a sculpture by Masayuki
Nagase and a metal mobile by Raymond Saunders.
PROJECT INFORMATION
Starwood Hotels / Carpenter & Co.
102
Start Date
Mar-01
Completion
Nov-05
Valet
$1,600-$2,200
Monthly Avg
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 Concierge & personal chef &
butler
 Hotel room service
Date on Market:
Date Sold Out:
Closing Date Range:
 Private health club
Sep-04
Dec-06
 Spa & fitness center
Oct-05 - Dec-06
3.8
Unit Type
2-Bedroom
3-Bedroom
4-Bedrooom PH
# Sales
Unit Size (SF)
Avg Size
66
33
3
1,527 - 2,791
1,619 - 3,207
4,408 - 6,187
1,716
2,370
5,424
Price Range
Avg Price
$1,460,000 - $3,490,000 $1,939,194
$2,030,000 - $4,290,000 $2,947,273
n/a - n/a
n/a
PSF Range
Avg PSF
$865 - $1,565
$1,080 - $1,445
n/a - n/a
$1,129
$1,239
n/a
# Listings
Unit Size (SF)
List Price
List PSF
2-Bedroom Avgs
3
1,721
$2,349,667
$1,362
56
3-Bedroom Avgs
1
2,027
$3,280,000
$1,618
29
1
2,027
$3,300,000
$1,628
-
-
60
1
6
2
1
1,147
1,858
2,300
-
$1,099,000
$3,056,533
$3,435,000
$35,000,000
$958
$1,535
$1,488
-
$1,050,000
$2,744,500
$3,360,000
$28,000,000
$915
$1,423
$1,459
-
78
171
51
-
Unit Type
Sold Price
Sold PSF
DOM
Active Listings
3-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
3-Bedroom Avgs
4-Bedroom Avgs
COMMENTS: No BMR units, paid in-lieu fee. Buyer purchased the three penthouses for over $30 million and combined them into one large home with
over 16,000 square feet of living area.
POLARISGRO UP.COM
MA Y 2012
49
Radiance
330 Mission Bay Boulevard
Radiance at Mission Bay is a 428-unit project
consisting of two components: the 99-unit Radiance
and the 329-unit Madrone. The project is situated on
the
southern
neighborhood,
waterfront
in
between
3rd
the
Mission
Street
Bay
and
Terry
Francois Boulevard. The residences, which are split
between two 16-story towers and one nine-story midrise tower, average 1,350 square feet.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Bosa Development
99
Feb-06
Jul-08
100
$640-$750
Amenities:
 Community room & kitchen
outdoor fire pit
 Roof deck with barbeque area
Mar-07
Dec-09
Date on Market:
Date Sold Out:
Closing Date Range:
 24-hour surveillance system
Jul-08 - Nov-09
3.0
Unit Type
1-Bedroom
2-Bedroom
2.5-Bedroom
2.5-Bedroom TH
# Sales
23
33
30
13
Unit Size (SF)
847
1,081
1,324
1,683
-
Avg Size
1,058
1,474
1,780
1,874
958
1,216
1,608
1,789
Price Range
$599,000
$705,000
$960,000
$765,000
-
PSF Range
Avg Price
$937,000
$764,813
$1,418,500 $998,961
$2,277,500 $1,452,571
$1,335,000 $924,167
$682
$578
$559
$441
-
Avg PSF
$975
$1,043
$1,285
$722
$799
$822
$882
$506
Unit Type
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
1
1,316
$749,000
$569
-
-
-
3
1,363
$824,283
$607
$821,617
$605
59
# Listings
Active Listings
2-Bedroom Avgs
Sold Listings
2-Bedroom Avgs
COMMENTS: In August 2008, after initial site was completed, construction stopped on Randiance West (Phase II). BMR units built in separate buildings
as part of Mission Bay master plan.
POLARISGRO UP.COM
MA Y 2012
50
235 Berry
235 Berry Street
235 Berry is located in the Mission Bay
neighborhood. The homes offer intelligently
designed floor plans, sophisticated finishes and
energy-efficient features. The structure is an
intimate mid-rise building that uses sustainable
and renewable materials including bamboo,
durable stone, dual-pane low-E2 windows, water
-efficient showerheads and toilets and roof
insulation. Kitchens include stainless steel Bosch
appliances, ceramic tile and carpet flooring and
granite slab countertops.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
99
Jan-05
Dec-06
99
$500-$600
Amenities:
 Garden courtyard on the third
floor
 Concierge
 Outdoor space for each home
Date on Market:
Date Sold Out:
Closing Date Range:
Sep-06
Feb-08
Nov-06 - Feb-08
5.7
Unit Type
1-Bedroom
2-Bedroom
3-Bedroom TH
# Sales
Unit Size (SF)
Avg Size
1
93
5
790 - 790
918 - 1,708
1,338 - 2,016
790
1,218
1,571
Price Range
PSF Range
Avg Price
$590,000 - $590,000
$590,000
$675,000 - $1,263,067 $928,073
$1,255,467 - $1,751,467 $1,364,907
Avg PSF
$747 - $747
$609 - $1,043
$841 - $938
$747
$769
$870
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
1
2,005
$1,895,000
$945
1
1,070
$645,000
$603
-
-
6
4
2
1,191
1,555
$760,000
$1,147,000
$641
$740
$772,500
$1,106,250
$647
$714
340
72
Sold PSF
DOM
Active Listings
3-Bedroom TH Avgs
45
2-Bedroom Avgs
Sold Listings
2-Bedroom Avgs
3-Bedroom TH Avgs
COMMENTS: BMR units built in separate buildings as part of Mission Bay master plan.
POLARISGRO UP.COM
MA Y 2012
51
Cubix
766 Harrison Street
Cubix is an eight-story condominium building
consisting entirely of studio homes or “micro units.”
Designed and developed by George Hauser of
Hauser Architects, Cubix boasts an asymmetrical
modernist façade adorned with metal-framed
windows and red, brown and tan colors. In-floor
radiant heat and state-of-the-art fiber optic wiring
are standard in the building.
In May 2009, the lender for Cubix foreclosed upon
the original developer. Cubix came back on the
market in November 2009 under the ownership of
First Citizens Bank.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
First Citizens Bank
98 (7 BMR)
May-06
Sep-08
5
$265
Amenities:
 6,000-square-foot roof deck with
three glassed-in view terraces
 Epicenter Café on ground floor
Date on Market:
Date Sold Out:
Closing Date Range:
 Laundry lockers
Aug-08
Aug-11
 Roof top deck & BBQ
Oct-08 - Aug-11
2.7
Unit Type
Studio
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
98
234 - 334
276
$179,000 - $360,000
$241,592
PSF Range
Avg PSF
$664 - $1,364
$875
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
269
$232,762
$866
$231,923
$863
35
Active Listings
Sold Listings
Studio Avgs
13
POLARISGRO UP.COM
MA Y 2012
52
The Lansing
40-45 Lansing Street
The Lansing is an eight-story building in Rincon Hill.
The 82-unit concrete structure, designed by SB
Architects, sits on a half-acre lot and includes
subterranean parking. The project uses various
setbacks, such as inset windows, to create depth
and complexity to the façade. There are 30 different
floor plans at The Lansing, in one- and two-bedroom
configurations.
Home
features
include
plush
carpeting throughout, ceramic-tiled floors in the
bathrooms, hardwood flooring in the kitchens,
granite countertops, Studio Becker cabinetry and GE
PROJECT INFORMATION
Lambert Development
82 (10 BMR)
Start Date
Mar-04
Completion
Feb-06
85
Monthly Avg
$500-$600
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Profile stainless steel appliances.
Amenities:
 Private balconies & terraces in
most homes
Date on Market:
Date Sold Out:
Closing Date Range:
Jul-05
Mar-06
 Garden terrace
Mar-06 - Mar-06
10.1
Unit Type
# Sales
Unit Size (SF)
Avg Size
1-Bedroom
2-Bedroom
3-Bedroom
26
52
4
677 - 997
896 - 1,530
1,409 - 1,937
770
1,103
1,582
Price Range
Avg Price
$555,000 - $695,000
$610,171
$609,000 - $1,100,000 $787,686
$1,075,000 - $1,602,500 $1,368,125
PSF Range
Avg PSF
$655 - $947
$582 - $878
$725 - $994
$799
$715
$869
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1
803
1,167
$649,000
$819,500
$808
$702
781
1,225
$517,750
$712,450
$664
$592
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
3-Bedroom Avgs
3
122
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
2
2
MA Y 2012
$512,750
$773,000
$659
$636
55
19
53
Heritage on Fillmore
1310 Fillmore Street
The Heritage on Fillmore is located at the corner of
Fillmore and Eddy Streets, at the northern edge of
the Fillmore District. The 12-story residential
building also includes a public parking garage;
1300 on Fillmore, a French-Caribbean restaurant;
and Yoshi’s, a 420-seat Jazz-themed nightclub
and Japanese restaurant. Homes feature 9-foot
ceilings in the non-penthouse homes, 10-foot
ceilings on the penthouse floors, Studio Becker
cabinetry, granite countertops, stainless steel
appliances, oversized bay windows and a 24-hour
lobby attendant.
PROJECT INFORMATION
Amenities:
EM Johnson Interest, Inc.
80 (12 BMR)
Start Date
Sep-05
Completion
May-07
80
Monthly Avg
$467
Developer:
Total Units:
Parking Stalls:
HOA Dues:
 Exterior public art display
 10,000-square-foot private
outdoor terrace
Date on Market:
Date Sold Out:
Closing Date Range:
 Yoshi’s Jazz House &
Japanese restaurant
Feb-07
Apr-09
 1300 on Fillmore restaurant
May-07 - Apr-09
3.0
Unit Type
# Sales
Unit Size (SF)
Avg Size
1-Bedroom
2-Bedroom
3-Bedroom
37
38
5
744 - 858
1,115 - 1,407
1,513 - 1,513
787
1,286
1,513
Price Range
$463,500 - $761,471
$652,500 - $1,176,667
$965,000 - $965,000
Avg Price
PSF Range
Avg PSF
$604,605
$870,507
$965,000
$572 - $901
$578 - $836
$638 - $638
$770
$678
$638
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1,353
$599,925
$443
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
18
Sold Listings
1-Bedroom Avgs
1
744
$400,000
$538
$400,000
$538
152
2-Bedroom Avgs
2
1,380
$699,500
$508
$675,000
$491
133
POLARISGRO UP.COM
MA Y 2012
54
Shipley Square
821 Folsom Street
Inspired by the courtyard apartment houses of Paris,
Shipley
Square
was
designed,
entitled
and
constructed in 2004 as a five-story residential
apartment building with ground floor retail. In the fall
of
2005,
the
homes
were
converted
to
condominiums. Located at 4th and Folsom Streets in
SOMA, Shipley Square benefits from its central
location near San Francisco's Yerba Buena Gardens
and the Financial District. The 78 homes surround an
expansive landscaped courtyard and underground
parking garage.
PROJECT INFORMATION
Developer:
Total Units:
WMS Partners
78 (8 BMR)
Jan-02
Jan-04
76
$300-$450
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
 Central courtyard
 Small rooftop terrace
Date on Market:
Date Sold Out:
Closing Date Range:
Apr-05
Oct-05
May-05 - Oct-05
12.8
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
1-Bedroom
2-Bedroom
3-Bedroom
33
42
3
612 - 739
993 - 1,453
1,453 - 1,522
680
1,078
1,499
$499,000 - $595,000
$325,500 - $940,000
$899,000 - $978,000
$544,862
$732,526
$950,667
$675 - $899
$295 - $806
$619 - $643
$803
$681
$634
Unit Type
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
1
652
$418,000
$641
-
-
8
1
1,101
$715,000
$649
$715,000
$649
15
# Listings
Active Listings
1-Bedroom Avgs
Sold Listings
2-Bedroom Avgs
POLARISGRO UP.COM
MA Y 2012
55
Union
2125 Bryant Street
Union SF is located on Bryant Street where the
Mission and Potrero neighborhoods meet. The
project blends a historic landmark with modern
design and is composed of two adjacent
buildings built a century apart and unified by an
internal courtyard.
Union North is a renovation of an existing brick
and timber warehouse into 23 luxury loft-style
PROJECT INFORMATION
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Start Date
Completion
by Palisades
76
Jul-07
Nov-09
Monthly Avg
$450
residences.
South
features
53
new
townhomes and flats.
Amenities:
 Community BBQ
Sep-09
Sep-10
Date on Market:
Date Sold Out:
Closing Date Range:
Union
Dec-09 - Sep-10
6.2
Unit Type
# Sales
1-Bedroom
2-Bedroom
3-Bedroom
15
32
29
Unit Size (SF)
535 - 1,050
700 - 1,350
900 - 1,650
Avg Size
Price Range
Avg Price
PSF Range
710
947
1,262
$335,525 - $725,000
$610,000 - $784,000
$702,000 - $942,000
$540,076
$706,953
$833,767
$497 - $934
$522 - $982
$533 - $859
Avg PSF
$761
$746
$660
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
1,315
$767,333
$584
$759,333
$578
51
Active Listings
Sold Listings
2-Bedroom Avgs
POLARISGRO UP.COM
3
MA Y 2012
56
Esprit Park-South Court
900 Minnesota Street
Esprit Park borders a 1.8-acre public park in
the Dogpatch neighborhood and features
eight buildings divided into two complexes
surrounding central courtyards. The south
buildings incorporate two historic brick and
timber structures that once housed
the
Schilling Wine warehouse. The residences
feature waxed concrete, bamboo and Berber
carpet flooring, granite countertops and large
patios, decks, or terraces.
PROJECT INFORMATION
Developer:
Total Units:
Macquarie Holdings (Prior Dev: Build, Inc.)
75
May-07
Start Date
Dec-08
Completion
168
$400-$500
Monthly Avg
Parking Stalls:
HOA Dues:
Amenities:
 On-site café with private outdoor seating
 High-speed data service with
every residence
Oct-07
Sep-11
Date on Market:
Date Sold Out:
Closing Date Range:
 Two-level fitness center & theater
Nov-08 - Sep-11
1.6
Unit Type
1-Bedroom
1-Bedroom Loft
2-Bedroom TH
3-Bedroom TH
# Sales
27
26
21
1
Unit Size (SF)
855
860
1,333
2,090
-
Avg Size
855
1,244
1,811
2,090
855
1,098
1,510
2,090
Price Range
$532,000
$530,000
$770,000
$1,045,000
-
Avg Price
$810,000
$624,973
$782,221
$622,309
$1,519,500 $1,006,535
$1,045,000 $1,045,000
PSF Range
$623
$441
$526
$500
-
Avg PSF
$947
$798
$1,140
$500
$731
$567
$667
$500
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
COMMENTS: No BMR units, paid in-lieu fee. In February 2009, list prices were reduced by approximately 12 percent.
POLARISGRO UP.COM
MA Y 2012
57
Broderick Place
350 Broderick Street
Broderick Place consists of 70 condominiums
located one block from Golden Gate Park on
Broderick Street, between Oak and Fell Streets, in
the North of Panhandle Area (NOPA) of San
Francisco. Designed by Levy Design Partners, the
three-story building is clad in wood shingles. The
one- and two-bedroom homes have solid-core entry
doors, granite-tile countertops, stainless steel kitchen
appliances and maple-stained cabinetry. The homes
are situated above retail shops and cafes that
include Peet’s Coffee, Faletti Fine Foods and
PROJECT INFORMATION
Developer:
Total Units:
DeLessio Market and Bakery.
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
70 (8 BMR)
May-04
Nov-06
68
$372-$417
Amenities:
 Private terrace per plan
Date on Market:
Date Sold Out:
Closing Date Range:
 Secure underground parking
Feb-06
May-07
Dec-06 - May-07
4.5
Unit Type
# Sales
1-Bedroom
2-Bedroom
24
46
Unit Size (SF)
671 - 835
822 - 1,559
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
705
1,063
$498,500 - $618,500
n/a - $849,500
$548,381
$743,857
$701 - $853
n/a - $899
$780
$709
Unit Type
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
2
1,152
$644,950
$576
-
-
18
1
2
690
948
$525,000
$629,000
$761
$665
$520,000
$607,500
$754
$643
26
23
# Listings
Active Listings
2-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
POLARISGRO UP.COM
MA Y 2012
58
733 Front
733 Front Street
733 Front is an office-to-condominium conversion
overlooking Sydney Walton Park at the northwest
corner of Front and Pacific Streets within the
Jackson Square neighborhood of San Francisco.
The seven-story building, originally built in 1927
and later renovated in 1982, is comprised of junior
one-,
one-
and
two-bedroom
homes.
All
residences offer expansive windows and abundant
natural
light.
Other
features
include
10-foot
ceilings, large closet spaces and kitchen with
European lacquer cabinets in a scarlet red and
PROJECT INFORMATION
Developer:
Total Units:
contemporary design.
Atlantic Pacific Partners
69
Feb-06
Start Date
Nov-07
Completion
41
$500-$750
Monthly Avg
Parking Stalls:
HOA Dues:
Amenities:
 Attended lobby
 Sky Lounge with water views
Apr-07
May-08
Date on Market:
Date Sold Out:
Closing Date Range:
 Maid service & gourmet meals
Jul-07 - Jun-08
5.2
Unit Type
0.5-Bedroom
1-Bedroom
1.5-Bedroom
2-Bedroom
2.5-Bedroom
Unit Size (SF)
# Sales
3
41
2
20
3
632
719
1,006
1,203
1,378
-
Avg Size
634
1,192
1,113
1,924
1,452
633
903
1,060
1,450
1,415
Price Range
Avg Price
$560,000 - $575,000
$568,314
$525,735 - $1,025,000 $730,699
$1,025,000 - $1,100,000 $1,062,500
$1,025,000
$2,655,000 $1,572,294
$1,350,000
$1,783,500 $1,566,750
PSF Range
$883
$582
$988
$829
$930
-
$908
$1,242
$1,019
$1,380
$1,294
Avg PSF
$898
$816
$1,004
$1,063
$1,112
Unit Type
Sold Price
# Listings
Unit Size (SF)
List Price
List PSF
1
904
$949,000
$1,050
2
732
$482,250
$668
-
-
86
1
833
$599,900
$720
$600,000
$720
52
Sold PSF
DOM
Active Listings
1-Bedroom Avgs
10
1-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
COMMENTS: No BMR units, paid in-lieu fee
POLARISGRO UP.COM
MA Y 2012
59
Sierra Heights
25 Sierra Street
Sierra Heights offers 67 contemporary residences
on the east side of Potrero Hill. There are three
buildings joined by a central courtyard: the East
Building, the West Building and the North
Building. Home features include Italian designer
kitchens,
stainless
steel
appliances
and
hardwood floors in living areas. Due to its location
on Potrero Hill's east slope, the project provides
ample views of the San Francisco Bay.
PROJECT INFORMATION
Developer:
Total Units:
The R Group
66 (7 BMR)
Apr-05
Oct-06
97
$500
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
 Private balconies
 Landscaped central courtyard
area
Date on Market:
Date Sold Out:
Closing Date Range:
 Security
Jun-06
Nov-06
Feb-06 - Nov-06
12.8
Unit Type
1-Bedroom
2-Bedroom
2.5-Bedroom
3-Bedroom
3.5-Bedroom
# Sales
3
15
15
23
10
Unit Size (SF)
637
658
951
1,236
1,496
-
Avg Size
990
2,055
1,371
2,256
2,914
834
1,388
995
1,702
2,182
Price Range
$549,000
$725,000
$639,000
$725,000
$825,000
-
$575,000
$1,000,000
$725,000
$1,025,000
$1,100,000
Avg Price
$562,000
$854,615
$659,462
$923,810
$953,000
PSF Range
$581
$487
$529
$454
$377
-
Avg PSF
$862
$1,102
$672
$587
$551
$674
$616
$663
$543
$437
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
1,048
$629,900
$601
-
-
66
Active Listings
2-Bedroom Avgs
1
Sold Listings
POLARISGRO UP.COM
MA Y 2012
60
BaySide Vista
188 Mary Teresa Street
BaySide Vista is located on a hilltop in the newly
designated Little Hollywood neighborhood near
Candlestick Point. This townhome community
offers views of the San Francisco Bay and
surrounding
hills.
Homes
feature
hardwood
flooring in the kitchen, living room and dining
areas; a gas fireplace; granite slab kitchen
countertops; balconies; and direct-access, onecar garages.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Bay Side Vista, LLC
64
May-07
Jun-09
64
$215
Amenities:
 Landscaped grounds
Date on Market:
Date Sold Out:
Closing Date Range:
 Private yards
Jun-09
Jul-11
Nov-09 - Jul-11
2.5
Unit Type
2-Bedroom TH
3-Bedroom TH
4-Bedroom TH
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
32
23
9
1,208 - 1,361
1,570 - 1,598
1,833 - 1,889
1,244
1,580
1,845
$397,650 - $520,000
$435,000 - $529,000
$525,000 - $614,000
$444,984
$485,889
$553,422
$319 - $430
$272 - $337
$286 - $335
$358
$308
$300
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
1,202
$412,000
$343
$403,500
$336
141
Active Listings
Sold Listings
2-Bedroom Avgs
POLARISGRO UP.COM
2
MA Y 2012
61
Alamo Square
988 Fulton Street
Alamo Square is located near the square of the
same name, bordering the Hayes Valley, Civic
Center and Lower Haight neighborhoods. The
project was originally built as rental apartments
in
1998
and
later
converted
to
for-sale
condominiums in 2005. Home features include
hardwood
kitchen
flooring,
stainless
steel
appliances and granite slab countertops.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
988 Holdings LLC
63 (13 BMR)
Apr-98
Oct-99
112
$400-$500
Amenities:
 Community barbeque area
 Pet washing station in garage
Date on Market:
Date Sold Out:
Closing Date Range:
Oct-05
Nov-06
Apr-06 - Nov-06
4.8
Unit Type
0.5-Bedroom
1-Bedroom
2-Bedroom
2-Bedroom TH
# Sales
36
7
4
16
Unit Size (SF)
410
662
931
732
-
Avg Size
565
695
1,215
1,650
502
686
1,024
1,260
Price Range
$392,000
$519,000
$605,000
$669,500
-
PSF Range
Avg Price
$576,500
$560,000
$702,000
$799,500
$502,543
$541,000
$659,250
$718,500
Sold Price
Sold PSF
$956
$784
$578
$485
-
Avg PSF
$1,020
$806
$650
$915
$1,001
$789
$644
$570
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
417
$249,000
$597
417
556
1,338
$269,000
$279,900
$539,000
$645
$532
$403
DOM
Active Listings
0.5-Bedroom Avgs
6
Sold Listings
0.5-Bedroom Avgs
1-Bedroom Avgs
3-Bedroom TH Avgs
POLARISGRO UP.COM
1
2
2
MA Y 2012
$266,000
$276,000
$534,500
$638
$518
$399
96
70
63
62
555 Bartlett
3420 Cesar Chavez Street
555 Bartlett (formerly 3400 Cesar Chavez) is
located in the Mission District, between Mission
and
Bartlett
Streets.
This
new,
60-unit
condominium community consists of one-, twoand three-bedroom homes contained within a four
-story building. A 12,000- square-foot Walgreens
occupies the development’s ground-floor retail
space.
Homes
flooring,
quartz
include
hardwood
countertops,
laminate
stainless
steel
appliances and select homes offer private patios
and decks.
PROJECT INFORMATION
Seven Hills Properties
60 (9 BMR)
Start Date
Nov-07
Completion
Jan-10
60
Monthly Avg
n/a
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
Date on Market:
Date Sold Out:
Closing Date Range:
Mar-10
May-11
May-10 - May-11
4.4
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
1-Bedroom
2-Bedroom
3-Bedroom
30
27
3
626 - 821
872 - 1,135
1,323 - 1,323
718
963
1,323
$415,000 - $540,000
$510,000 - $695,000
$650,000 - $650,000
$473,106
$603,024
$650,000
$548 - $732
$585 - $658
$491 - $491
Avg PSF
$659
$626
$491
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
812
$445,000
$548
$445,000
$548
45
Active Listings
Sold Listings
1-Bedroom Avgs
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1
MA Y 2012
63
Book Concern Building
83 McAllister Street
The Book Concern Building is located in the Civic
Center district, near the San Francisco opera,
ballet, symphony, Asian Art Museum and Main
Library. The Civic Center BART and Muni are also
nearby. The 60 homes at the development range
from 270 square feet to 425 square feet. These
homes feature exposed brick walls, oversized
windows with skylights, hardwood floors, up to 17
-foot ceilings and living areas with adaptable lofts.
The original building was built in 1906.
PROJECT INFORMATION
Developer:
Total Units:
Group I
60 (6 BMR)
Jun-05
Nov-06
0
$275-$360
Start Date
Completion
Parking Stalls:
HOA Dues:
Amenities:
 Rooftop garden
Date on Market:
Date Sold Out:
Closing Date Range:
May-06
Feb-10
 Lounge
Nov-06 - Feb-10
1.1
PROJECT UNIT MIX
Unit Type
Studio
# Units
Unit Size (SF)
Price Range
60
262 - 678
$220,000 - $520,000
$767 - $840
Unit Type
Studio
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
51
252 - 673
361
$188,000 - $498,000
$352,567
PSF Range
Avg PSF
$585 - $1,649
$978
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
287
408
$213,800
$235,000
$757
$576
$213,400
$240,250
$758
$589
78
22
Active Listings
Sold Listings
Studio Avgs
1-Bedroom Avgs
5
1
COMMENTS: The building sold out in the first quarter of 2008; in November 2009, 11 homes were returned to the market.
POLARISGRO UP.COM
MA Y 2012
64
Ritz-Carlton Club & Residences
690 Market Street
Located at Market and Kearny Streets, the RitzCarlton Club and Residences occupies the former
home of the San Francisco Chronicle. The project
includes 44 fractional club residences and 57
whole-ownership
residences.
ownership
started
prices
at
Fractional
approximately
$200,000 for a one-twelfth ownership interest. A
fractional owner has to pay $150 per day to use
the home. A parking garage and fitness center will
be housed next door at 660 Market Street. Whole
PROJECT INFORMATION
Developer:
Total Units:
HCT Investments
59
Mar-05
Start Date
Nov-07
Completion
50 (105+ using Valet & Stackers)
Monthly Avg
$957-$3,994
Parking Stalls:
HOA Dues:
ownership buyers must also purchase a fractional
ownership in order to use the club amenities.
Amenities:
 Twice-daily housekeeping
May-06
Jan-10
Date on Market:
Date Sold Out:
Closing Date Range:
 Dedicated concierge
 Private room with wine
storage
Sep-07 - Jan-10
1.3
Unit Type
# Sales
1-Bedroom
2-Bedroom
3-Bedroom
PH
8
36
9
6
Unit Size (SF)
952
1,192
1,900
1,865
-
Avg Size
1,257
1,848
2,485
3,620
990
1,428
1,965
3,087
Price Range
$1,193,000
$990,000
$2,100,000
$2,715,000
-
$1,777,500
$5,227,500
$3,100,000
$5,492,500
Avg Price
$1,324,750
$1,972,306
$2,791,125
$4,691,375
PSF Range
$1,253
$716
$845
$1,444
-
$1,414
$3,444
$1,517
$1,798
Avg PSF
$1,338
$1,381
$1,420
$1,520
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1,900
$1,300,000
$684
1,660
$1,350,000
$813
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
113
Sold Listings
2-Bedroom Avgs
1
$1,340,000
$807
51
COMMENTS: The 52 private residences were originally sold in May 2006 and closed contracts in September 2007. An additional 5 private residences on
the 11th floor were released in fall 2007. The 49 fractional ownership units now total 44 Club Residences (one floor was taken for sale as private).
Twelve interests are sold for each club residence for a total of 528 interests. BMRs fulfilled offsite at 942 Market St.
POLARISGRO UP.COM
MA Y 2012
65
The Mint Collection-Hales Warehouse
410 Jessie Street
The Mint Collection offers 95 luxury residential,
live/work
and
commercial
spaces
and
is
comprised of four distinct historic buildings
centered on Mint Plaza: Hales Warehouse, Station
House #1, Silver Building and Haas Candy
Factory. The Hales Warehouse is the only
structure with residential homes for sale; the
remainder of the project is for lease. These 52
homes feature 11.5-foot ceilings, acid-stained
concrete floors with high-gloss finishes and
industrial-sized windows. The centerpiece of the
development is a new pedestrian plaza, which
contains Chez Papa Resto restaurant and the
PROJECT INFORMATION
Developer:
Total Units:
Martin Building Company
52 (2 BMR)
Start Date
Completion
May-07
6
Monthly Avg
$355-$790
Parking Stalls:
HOA Dues:
Blue Bottle Café.
Amenities:
 Concierge & courtesy security
patrol
Jan-07
Mar-08
Date on Market:
Date Sold Out:
Closing Date Range:
 Rooftop garden with spa with
city views
May-07 - Mar-08
3.6
 Fitness center with satellite
television
PROJECT UNIT MIX
Unit Type
Studio
1-Bedroom
2-Bedroom
# Sales
6
41
5
Unit Size (SF)
 Exclusive use of City CarShare
Mini Cooper
Avg Size
464
992
1,535
433 - 494
631 - 1,394
1,229 - 2,018
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
1
836
$499,000
$597
1
1,244
$725,000
$583
-
-
144
2
1,262
$1,025,000
$817
$956,000
$761
73
Sold PSF
DOM
Active Listings
1-Bedroom Avgs
180
2-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
POLARISGRO UP.COM
MA Y 2012
66
1 Ecker
16 Jessie Street
1 Ecker is a circa 1895 brick warehouse office
building conversion located on Stevenson (and
Ecker Place) between 1st and 2nd Streets in the
South Financial District. The residences are located
near restaurants, the Yerba Buena Arts District and
the Transbay Terminal. The project consists of trilevel lofts on the first floor and all of the remaining
flats have 12-foot ceilings. First floor units also have
stairs that go to their own basements. There is a
central courtyard that serves as a light well for the
interior units.
PROJECT INFORMATION
The Pauls Corporation
51
Start Date
Jun-07
Completion
Oct-08
0
Monthly Avg
$425-$700
Developer:
Total Units:
Parking Stalls:
HOA Dues:
The Amalgamated Bank sold the development to The
Pauls Corporation in June 2010. The sales center for
One Ecker reopened in October 2010.
Amenities:
Date on Market:
Date Sold Out:
Closing Date Range:
 Rooftop deck & central
courtyard
Oct-10
May-11
 Ground-floor retail
Dec-10 - May-11
7.4
Unit Type
# Sales
Lofts
Studios
1-Bedroom
2-Bedroom
12
21
7
12
Unit Size (SF)
673
444
589
954
-
Avg Size
1,171
958
896
1,260
906
592
765
1,116
Price Range
$449,000
$299,000
$449,000
$590,500
-
$710,000
$540,000
$575,000
$865,000
Avg Price
$560,889
$403,462
$514,086
$723,750
PSF Range
$546
$531
$590
$565
-
Avg PSF
$676
$795
$762
$704
$619
$682
$672
$649
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
844
894
$530,000
$563,641
$636
$644
$520,000
$567,000
$624
$649
67
72
Active Listings
Sold Listings
0-Bedroom Avgs
1-Bedroom Avgs
POLARISGRO UP.COM
3
3
MA Y 2012
67
77 Van Ness
77 Van Ness Avenue
This
mixed-use
community
consists
of
50
residential homes sitting above two floors of office
space
and
ground-floor
retail
space.
The
development was designed by Forum Design.
Homes feature top quality finishes and views of
City Hall.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
M3 Builders
50 (6 BMR)
Oct-06
Jun-09
50 (car-stacker)
$460-$620
Amenities:
 Grand lobby entrance with
marble floors
 Lobby attendant
Jun-09
Mar-10
Date on Market:
Date Sold Out:
Closing Date Range:
 Roof deck
Sep-09 - Mar-10
5.5
Unit Type
Studio
# Sales
5
Unit Size (SF)
1-Bedroom
2-Bedroom
35
10
550 - 552
Avg Size
550
575 - 1,010
1,150 - 1,164
858
1,157
Price Range
PSF Range
$345,000 - $399,888
Avg Price
$377,170
$627 - $727
Avg PSF
$685
$274,074 - $625,000
$635,000 - $800,280
$550,794
$724,729
$477 - $840
$546 - $696
$642
$627
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
761
$574,500
$786
$565,000
$769
60
Active Listings
Sold Listings
1-Bedroom Avgs
POLARISGRO UP.COM
2
MA Y 2012
68
The Royal
201 Sansome Street
The Royal, located across Pine Street from the
Pacific Stock Exchange building, is recognized as
one of the premier historic buildings in the San
Francisco Financial District. Designed in 1907 by the
New York City architectural firm Howell and Stockes
for the Royal Insurance Company, the Georgian-style
building has been designated as a San Francisco
landmark. Homes at The Royal feature 10-foot
ceilings, granite kitchen and bathroom countertops,
GE Monogram and Bosch appliances, hardwood
flooring, designer bedroom carpeting, tile floors in
the kitchen and bathroom and frameless-glass
PROJECT INFORMATION
Developer:
Total Units:
Atlantic Pacific Partners / Kriti
46 (5 BMR)
Jun-05
Start Date
Mar-07
Completion
0
$455-$635
Monthly Avg
Parking Stalls:
HOA Dues:
shower enclosures.
Amenities:
Jun-05
May-08
Date on Market:
Date Sold Out:
Closing Date Range:
Jul-06 - May-08
1.3
Unit Type
# Sales
1-Bedroom
2-Bedroom
32
14
Unit Size (SF)
Avg Size
576 - 771
958 - 1,574
704
1,182
Price Range
Avg Price
$430,000 - $740,000
$605,549
$835,000 - $1,375,000 $1,045,250
PSF Range
Avg PSF
$747 - $986
$801 - $979
$859
$890
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
COMMENTS: Prices were reduced by 15 percent for the final three residences in November 2007.
POLARISGRO UP.COM
MA Y 2012
69
310 Townsend
310 Townsend Street
310 Townsend is a four-story warehouse-tocondominium conversion of a former furniture
warehouse in SOMA, across the street from
the Caltrain station. The building, redesigned
by Levi Design Partners, is clad in exposed
brick and timber construction with arched
brick windows. The 45 homes at the project
come appointed with hardwood flooring,
Studio Becker cabinetry, stainless steel Bosch
appliances,
granite
countertops,
Kohler-
inspired bathroom fixtures and up to 14-foot
ceilings.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Santa Fe Partners
45
Jul-05
Feb-07
28
$252-$344
Amenities:
 Glass lobby
 Balcony access in most homes
Mar-06
Mar-09
Date on Market:
Date Sold Out:
Closing Date Range:
Feb-07 - Mar-09
1.2
Unit Type
1-Bedroom
1.5-Bedroom
2-Bedroom
2.5-Bedroom
# Sales
17
19
1
8
Unit Size (SF)
646
868
1,319
1,266
-
Avg Size
951
1,481
1,319
1,603
768
1,012
1,319
1,386
Price Range
$495,000
$575,000
$857,444
$700,000
-
$764,000
$1,295,067
$857,444
$1,200,000
PSF Range
Avg Price
$585,620
$790,332
$857,444
$933,133
$670
$593
$650
$553
-
Avg PSF
$866
$933
$650
$833
$764
$783
$650
$673
Unit Type
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
1
689
$429,900
$624
-
-
6
5
815
$465,600
$570
$475,000
$580
203
# Listings
Active Listings
1-Bedroom Avgs
Sold Listings
1-Bedroom Avgs
COMMENTS: Parking deeded for homes priced at $735,000 and above for a total of 14 deeded spaces. Otherwise parking is available for an additional
$20,000 for compact-sized vehicles or $25,000 for standard-sized vehicles. No BMR units, paid in-lieu fee.
POLARISGRO UP.COM
MA Y 2012
70
Chelsea Park
29 Oakwood Street
Chelsea Park is a low-density building nestled in
the established and vibrant Mission Dolores
neighborhood. The community offers a mix of one
- and two-bedroom condominiums and two– and
three-bedroom townhomes, reminiscent of an
English mews-style development. The homes
feature Bosch appliances, granite countertops
and hardwood floors.
PROJECT INFORMATION
Cullen Properties
39 (9 BMR)
Start Date
Dec-06
Completion
Aug-08
39 (leased for $100/month)
Monthly Avg
$355-$470
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
Jan-08
Mar-09
Date on Market:
Date Sold Out:
Closing Date Range:
May-08 - Dec-08
2.8
Unit Type
1-Bedroom
2-Bedroom
2-Bedroom TH
3-Bedroom
# Sales
11
9
12
7
Unit Size (SF)
666
864
1,280
1,261
-
Avg Size
874
1,261
1,510
1,335
788
1,042
1,411
1,300
Price Range
$565,000
$600,000
$849,000
$749,000
-
Avg Price
$749,000
$668,571
$1,200,000 $856,250
$1,150,000 $945,714
$1,029,000 $1,029,000
PSF Range
$723
$709
$595
$561
-
Avg PSF
$1,005
$1,027
$762
$816
$853
$842
$673
$663
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1,121
$898,999
$802
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
31
Sold Listings
POLARISGRO UP.COM
MA Y 2012
71
901 Bush
901 Bush Street
Located at the corner of Bush and Taylor Streets,
this apartment conversion project offers a refined
Beaux
Arts
architectural
hardwood
exterior
and
modern
interior
design.
The
homes
feature
flooring,
custom
cabinetry,
stone
countertops and stainless steel appliances.
PROJECT INFORMATION
38 (5 BMR)
Start Date
Feb-06
Completion
Jul-08
0
Monthly Avg
$300
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
 Rooftop lounge
 Private terraces
Jul-08
Sep-10
Date on Market:
Date Sold Out:
Closing Date Range:
 Deeded storage
Jul-08 - Sep-10
1.4
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
Studio
1-Bedroom
2-Bedroom
16
20
2
341 - 429
411 - 556
609 - 609
359
459
609
$310,000 - $459,000
$353,000 - $579,000
$587,500 - $649,000
$377,714
$431,632
$614,125
Sold Price
Sold PSF
PSF Range
$892 - $1,346
$710 - $1,214
$965 - $1,066
Avg PSF
$1,052
$941
$1,008
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
341
$359,000
$1,053
341
449
$242,333
$329,000
$711
$720
DOM
Active Listings
Studio Avgs
98
Sold Listings
Studio Avgs
1-Bedroom Avgs
POLARISGRO UP.COM
3
2
MA Y 2012
$240,667
$329,000
$706
$720
257
82
72
One South Park
1 S. Park Avenue
One South Park is a former tobacco warehouse-to
-condominium conversion project, next to the cityowned South Park. The project boasts secondfloor arched windows. The interiors of the homes
come appointed with high-end finishes including
bamboo
hardwood
floors,
Studio
Becker
cabinetry, Grohe stainless steel faucets, granite
countertops
and
Bosch
stainless
steel
appliances. The majority of the homes have
exterior entrances opening up to a light-filled
central courtyard.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Santa Fe Partners
35
Jun-06
Oct-07
34
$425-$575
Amenities:
 Outdoor space in select homes
 Rooftop terraces in select homes
Dec-05
Sep-09
Date on Market:
Date Sold Out:
Closing Date Range:
Oct-07 - Sep-09
0.8
Unit Type
# Sales
Unit Size (SF)
Avg Size
1-Bedroom
2-Bedroom
3-Bedroom
10
18
7
724 - 1,079
988 - 1,727
1,162 - 1,794
829
1,297
1,554
Price Range
Avg Price
$425,000 - $1,000,000 $730,667
$725,000 - $1,662,500 $1,226,844
$1,100,000 - $1,850,000 $1,581,667
PSF Range
$544 - $1,005
$694 - $1,079
$947 - $1,052
Avg PSF
$882
$946
$1,018
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
COMMENTS: No BMR units, paid in-lieu fee.
POLARISGRO UP.COM
MA Y 2012
73
Mosaica 601
601 Alabama Street
Mosaica 601 is located in the Mission District, at
the intersection of Alabama and 18th Streets. The
project consists of 117 affordable apartments
and 34 for-sale homes, of which 21 are
earmarked for below market rate (BMR) buyers
and 13 are for market-rate buyers.
PROJECT INFORMATION
Citizens Housing Corporation
34 (21 BMR)
Start Date
Apr-07
Completion
Feb-09
n/a
Monthly Avg
$475-$505
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Amenities:
Date on Market:
Date Sold Out:
Closing Date Range:
Feb-09
Aug-09
May-09 - Aug-09
5.6
Unit Type
2.5-Bedroom TH
3-Bedroom
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
1 + 1 BMR
12 + 20 BMR
1,272 - 1,272
1,038 - 1,407
1,272
1,227
n/a - n/a
$499,000 - $622,000
n/a
$596,429
n/a - n/a
$433 - $524
n/a
$478
Sold Price
Sold PSF
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
DOM
Active Listings
Sold Listings
POLARISGRO UP.COM
MA Y 2012
74
LindenHayes
233 Franklin Street
LindenHayes is located in the heart of Hayes Valley
between Hayes and Fell Streets. The five-story, 32home
development,
designed
by
Sternberg
Benjamin Architects, boats a Euro-contemporary
look. The one-, two-, and three-bedroom homes
feature Studio Becker cabinets, Bertazoni ranges,
Fisher Paykel refrigerators and Brazilian hardwood
flooring. The Grove, a café with other locations in the
Marina and Pacific Heights, occupies the groundfloor retail space.
PROJECT INFORMATION
Developer:
Total Units:
Village Builders
32
Aug-08
Feb-10
32
TBD
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
Mar-10
Nov-10
Date on Market:
Date Sold Out:
Closing Date Range:
May-10 - Sep-10
3.9
Unit Type
# Units
Unit Size (SF)
Price Range
1-Bedroom
2-Bedroom
3-Bedroom
16
15
1
680 - 750
950 - 1,100
1,350 - 1,350
$525,000 - $650,000
$800,000 - $965,000
$940,000 - $940,000
$772 - $956
$842 - $1,016
$696 - $696
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
1,118
$799,000
$715
$770,000
$689
45
Active Listings
Sold Listings
2-Bedroom Avgs
1
COMMENTS: Home sizes are approximate.
POLARISGRO UP.COM
MA Y 2012
75
The Citrino
566 S. Van Ness Avenue
The Citrino consists of one- and two-bedroom
condominium residences in the Mission District,
near the intersection of South Van Ness Avenue
and 17th Street. The homes feature expansive
city and hillside views, bay windows, CesarStone
kitchen counters, Fisher Paykel stainless steel
refrigerators, Scavolini vanities in the bathrooms,
Bosch dishwashers and Bertazoni Italian ranges.
There are two landscaped courtyards with lemon
PROJECT INFORMATION
trees and a rooftop terrace.
Dolmen Property Group
32 (4 BMR)
Start Date
Nov-05
Completion
Sep-07
34
Monthly Avg
$275-$375
Developer:
Total Units:
Parking Stalls:
HOA Dues:
Date on Market:
Date Sold Out:
Closing Date Range:
Jul-07
Apr-11
Amenities:
 Two interior courtyards with lemon trees & a fountain
 Rooftop terrace with panoramic
views
Sep-07 - Apr-11
0.7
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
1-Bedroom
2-Bedroom
8
24
491 - 491
705 - 963
491
836
$399,000 - $739,000
$535,000 - $739,000
$460,571
$618,000
$813 - $866
$574 - $898
$938
$739
Sold Price
Sold PSF
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
DOM
Active Listings
2-Bedroom Avgs
Sold Listings
POLARISGRO UP.COM
MA Y 2012
76
The Greenwich
1501 Greenwich Street
The Greenwich is a six-story condominium project
in
the
Cow
Hollow
neighborhood
of
San
Francisco. Each residence comes appointed with
Brazilian cherry wood hardwood floors, base and
crown molding, an Asko dishwasher and laundry
set, a stainless steel Liebherr refrigerator and a
SpeakerCraft
in-wall speaker system.
Some
homes have private balconies and 11-foot vaulted
ceilings.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
J.C.N. Developers
29
Feb-06
Feb-08
50
$399-$507
Amenities:
 Panoramic San Francisco Bay
and Golden Gate Bridge views
 Private roof decks & balconies
Date on Market:
Date Sold Out:
Closing Date Range:
Feb-08
Oct-09
Feb-08 - Oct-09
1.4
Unit Type
# Sales
Unit Size (SF)
Avg Size
1-Bedroom
2-Bedroom
3-Bedroom
4
16
9
585 - 622
932 - 1,194
1,421 - 1,642
603
1,056
1,531
Price Range
Avg Price
$552,000 - $630,000
$594,250
$880,000 - $1,105,000 $986,192
$1,485,000 - $2,551,000 $1,967,625
PSF Range
Avg PSF
$887 - $1,077
$860 - $977
$1,045 - $1,615
$986
$934
$1,285
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
1
1,025
$899,000
$877
Sold Price
Sold PSF
DOM
Active Listings
2-Bedroom Avgs
53
Sold Listings
COMMENTS: No BMR units, paid in-lieu fee.
POLARISGRO UP.COM
MA Y 2012
77
The Odeon
181 O’Farrell Street
The Odeon is a 29-unit loft condominium project
located in Union Square, adjacent to H&M. The onebedroom lofts feature 14-foot ceilings, hardwood
floors,
stainless
steel
appliances
and
granite
countertops. Many of San Francisco’s most popular
restaurants, shopping destinations, art galleries,
museums and theatres are all within walking
distance.
PROJECT INFORMATION
Developer:
Total Units:
Union Property Capital
29 (3 BMR)
Jul-04
Start Date
Sep-06
Completion
0
Monthly Avg
$550-$625
Parking Stalls:
HOA Dues:
Amenities:
 Courtyard
 City views in select homes
Aug-06
Jun-07
Date on Market:
Date Sold Out:
Closing Date Range:
Sep-06 - Jun-07
2.9
PROJECT UNIT MIX
Unit Type
1-Bedroom Loft
2-Bedroom Loft
# Sales
22
7
Unit Size (SF)
Avg Size
1,207
1,609
1,047 - 1,531
1,369 - 2,516
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
1,076
2,516
$532,000
$1,699,000
$494
$675
$518,438
$1,450,000
$482
$576
82
300
Active Listings
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
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1
MA Y 2012
78
The Garfield
942 Market Street
The Garfield building, a historic 1907 building
located at 942 Market Street near Union Square,
was completely renovated and converted from
office space to residential condominiums. Homes
feature 11-foot to 14-foot high ceilings, designer
finishes, over-sized windows, turn-of-the-century
architectural details and city views from most
homes.
PROJECT INFORMATION
Developer:
Total Units:
HCT Investments
28 (14 BMR)
May-07
Sep-08
0
$470-$665
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Sep-08
Sep-10
Date on Market:
Date Sold Out:
Closing Date Range:
Nov-08 - Sep-10
1.0
Unit Type
# Sales
Unit Size (SF)
0.5-Bedroom
1-Bedroom
2-Bedroom
3-Bedroom
6
14
6 BMR
2 BMR
665
613
1,050
1,260
-
Avg Size
665
769
1,140
1,260
655
699
1,068
1,260
Price Range
n/a
$310,000
n/a
n/a
-
Avg Price
n/a
$450,000
n/a
n/a
n/a
$403,200
n/a
n/a
PSF Range
n/a
$417
n/a
n/a
-
Avg PSF
n/a
$652
n/a
n/a
n/a
$576
n/a
n/a
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
769
$399,000
$519
$399,000
$519
27
Active Listings
Sold Listings
1-Bedroom Avgs
1
COMMENTS: 11 of 13 BMRs are the offsite BMRs for the Ritz Carlton Residences (690 Market Street).
POLARISGRO UP.COM
MA Y 2012
79
Axis
1299 Bush Street
Axis is located at the intersection of Bush and
Larkin Streets in the Tenderloin. The project
consists of two-story townhomes and flats that
come
appointed
with
German-designed
Bohnacker Systeme closets, wall-and-floor tiles
by Spanish-design firm Porcelanosa Grupo and
Mahogany-finish hardwood floors.
The development first entered the market as
Citadine in September 2009 and was taken off the
market in April 2010. In November 2010, the
development returned with its new name, Axis.
PROJECT INFORMATION
Developer:
Total Units:
Maurice Casey / Mike Joyce
26
Start Date
Aug-09
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
 Rooftop deck
$384-$517
Date on Market:
Date Sold Out:
Closing Date Range:
Nov-10
Mar-12
Apr-11 - Mar-12
1.5
Unit Type
1-Bedroom
2-Bedroom
2-Bedroom TH
# Sales
Unit Size (SF)
Avg Size
15
7
4
554 - 712
712 - 984
1,348 - 1,838
629
933
1,570
Price Range
Avg Price
$400,000 - $545,000
$477,667
$499,000 - $692,000
$646,429
$1,012,000 - $1,245,000 $1,138,625
PSF Range
Avg PSF
$682 - $837
$665 - $705
$632 - $842
$759
$693
$725
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
635
1,093
1,707
$484,000
$789,000
$1,247,000
$763
$718
$737
$477,813
$772,875
$1,203,750
$753
$704
$712
123
100
153
Active Listings
Sold Listings
1-Bedroom Avgs
2-Bedroom Avgs
2-Bedroom TH Avgs
16
8
2
POLARISGRO UP.COM
MA Y 2012
80
270 Valencia
270 Valencia Street
270 Valencia Street is located in the Mission
District neighborhood near Duboce Street and is
convenient to downtown, public transportation,
shopping and nightlife. The 24 studio, one- and
two-bedroom
condominium
homes
feature
mahogany hardwood floors, high ceilings, granite
kitchen
countertops,
stainless
steel
kitchen
appliances, solid birch kitchen cabinets, limestone
and tile bathrooms and in-unit washers and dryers.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Spiers Development
24 (3 BMR)
Mar-04
Nov-05
28
$250-$285
Amenities:
 City views in select homes
Aug-05
Feb-06
Date on Market:
Date Sold Out:
Closing Date Range:
Nov-05 - Dec-06
3.4
PROJECT UNIT MIX
Unit Type
Studio
1-Bedroom
2-Bedroom
# Sales
1
7
16
Unit Size (SF)
Avg Size
494
658
766
494 - 494
601 - 694
719 - 833
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
657
$449,000
$683
$450,000
$685
103
Active Listings
Sold Listings
1-Bedroom Avgs
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1
MA Y 2012
81
2200 Mission
2200 Mission Street
2200 Mission is located in the Mission District, at
the corner of Mission and 18th Streets. The
community has one- to four-bedroom homes,
which feature honed granite kitchen countertops,
radiant flooring and private balconies. At the top
of the building is a rooftop terrace, which boasts
panoramic city views.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
H & A Investments
23
Jul-07
Jan-09
23
$325-$525
Amenities:
 Private balconies
Feb-09
Aug-09
Date on Market:
Date Sold Out:
Closing Date Range:
Jun-09 - Aug-09
3.8
Unit Type
# Sales
1-Bedroom
2-Bedroom
3-Bedroom
4-Bedroom
3
7
10
3
Unit Size (SF)
773
833
1,116
1,434
-
Avg Size
773
1,032
1,521
1,434
773
931
1,266
1,434
Price Range
$321,513
$152,092
$177,122
$599,000
-
Avg Price
$420,000
$489,000
$600,000
$625,000
$386,004
$424,442
$512,528
$615,720
Sold Price
Sold PSF
PSF Range
$416
$147
$159
$418
-
Avg PSF
$543
$582
$482
$436
$499
$456
$405
$429
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
DOM
Active Listings
Sold Listings
POLARISGRO UP.COM
MA Y 2012
82
1355 Pacific
1355 Pacific Avenue
1355 Pacific, a 23-home community, is located in
Nob Hill. The project consists of one-, two-, and
three-bedroom homes ranging in size from 880 to
1,475 square feet. Homes feature hardwood
flooring and gas fireplaces.
PROJECT INFORMATION
Developer:
Total Units:
McGalken, LLC
23 (2 BMR)
Mar-09
Mar-10
23
$380-$430
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Amenities:
Date on Market:
Date Sold Out:
Closing Date Range:
Apr-10
Mar-11
May-10 - Mar-11
2.1
Unit Type
# Units
Unit Size (SF)
1-Bedroom
2-Bedroom
3-Bedroom
4
18
1
880 - 880
813 - 1,140
1,475 - 1,475
Price Range
$799,000 $830,000 $1,200,000 -
$908 $1,021 $814 -
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
Active Listings
Sold Listings
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83
788 Minna
788 Minna Street
The boutique development at 788 Minna is
located in western SOMA, within two blocks of
City Hall. Homes feature kitchens and baths
designed by the local Sozo Studio, with details
including CaesarStone countertops, Bertazzoni
ranges
and
Liebherr
refrigerators.
Each
residence draws in natural light through large,
operable Bonelli windows and comes with a gasburning fireplace.
PROJECT INFORMATION
Developer:
Total Units:
Start Date
Completion
Parking Stalls:
HOA Dues:
Monthly Avg
Eamonn Herlihy
20
Apr-10
Jun-11
20
$392-$407
Amenities:
 Interior courtyard
Date on Market:
Date Sold Out:
Closing Date Range:
Jul-11
Feb-12
Aug-11 - Feb-12
3.2
Unit Type
# Sales
Unit Size (SF)
Avg Size
Price Range
Avg Price
PSF Range
Avg PSF
1-Bedroom
20
522 - 698
618
$439,000 - $549,000
$479,429
$706 - $841
$776
Unit Type
# Listings
Unit Size (SF)
List Price
List PSF
Sold Price
Sold PSF
DOM
624
$484,867
$782
$480,333
$775
73
Active Listings
Sold Listings
1-Bedroom Avgs
15
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New Development Pipeline
The following chart indicates the total number of homes currently in the new development pipeline by district,
product type and status. A map outlining the districts is found on the following page.
To obtain a detailed project-by-project list of the San Francisco pipeline, please contact Chris Foley at
415.975.0900 or [email protected].
District
Under Construction
Condos
Apartments
Projects
Units
Projects
Units
Approved
Condos
Apartments
Projects
Units
Projects
Units
District 1
District 2
1
56
District 3
1
182
1
316
4
336
4
822
District 4
District 5
1
36
1
194
District 6
District 7
1
26
District 8
3
96
1
107
8
495
4
457
4
1,538
12
2,176
8
2,238
2
511
2
568
8
1,003
4
323
1
470
6
13,491
41
17,723
26
5,306
District 9
SOMA / Yerba Buena /
South Beach
1
73
Mission Bay / Central
Waterfront / Dogpatch
Potrero Hill / Inner
Mission / Bernal Heights
1
32
4
167
District 10
Total
POLARISGRO UP.COM
MA Y 2012
8
2,350
85
New Development Pipeline
District 7
District 1
District 8
District 6
District 9
District 2
District 5
District 4
District 10
District 3
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About Polaris
ABOUT POLARIS
Polaris offers a complete set of real estate services to California developers. We take a
full-service approach to condominium project management, assisting developers in a
number of ways including:
Land Acquisition
 Polaris offers clients land acquisition opportunities with an analysis of project
density and sales projections. We regularly discover investment and trade
opportunities for our clients and provide the necessary data to make intelligent
long term decisions.
 Polaris offers assistance with construction financing. We assist clients through
the lending process by introducing banks, joint venture partners and money
partners and focus on reducing carrying costs through the construction phase.
Additionally, we continue to work with the financial partners by providing
updated sales projections and market reviews.
Entitlement Services
 Polaris offers assistance by coordinating with your team of attorneys and
consultants to help them work through the process. We have extensive
experience and dedicated personnel who have worked with the local Planning
and Building Departments and the State Department of Real Estate.
 Polaris offers assurance that the appropriate state and local documents are
ready when new homes are ready to close escrow. Our efforts help save time
and help bring your project to market as quickly as possible because we track
each relevant document throughout the process.
 Polaris will review all HOA documents including the Pro-Forma Budget,
CC&R's, Purchase Agreement and insurance quotes with an eye towards
reducing litigation risks and warranty issues.
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SAN F RA NC ISC O
MARKET REPORT
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About Polaris
Architectural/Design/Unit Mix Recommendations
 Polaris offers intelligent feedback cultivated from buyers at our sales sites. We
offer to review all architectural plans and to meet with the development team
to ensure that our clients are designing the right homes and providing the right
unit mix.
 Polaris offers thoughtful advice regarding current market trends which might
impact unit mix and design finishes. We offer real world experience, inform
clients about what is selling today, and provide insights to clients on what will
be in demand tomorrow.
Multi-Unit Project Sales
 Polaris offers clients pricing strategies, inventory management and sell through
management by floor plan.
 Polaris will create a critical path sales presentation to insure that agents focus
on the core strengths of the development and speak with a consistent
message.
 Polaris offers clients dedicated sales teams on all projects.
 Polaris offers progress updates including traffic count reports, source reports,
conversion rate reports, zip code analysis and buyer surveys. The data is
extremely valuable because it helps identify possible target market
opportunities.
 Polaris sales team works closely with the title company to insure the quickest
possible escrow periods. We focus on shortening the escrow process, thereby
reducing developer's interest expense and reducing risk.
Marketing & Branding
 Polaris works with clients to develop a brand identity for real estate
developments. We offer project identity and logo development services. We
work with nationally recognized marketing firms to determine the core
strengths of a real estate development. We then create a unique identity
specifically for a project.
 Polaris creates a customized sales office, sales materials, signage and web
site with the goal of reinforcing the unique identity of the project.
 Polaris handles media placement and delivers to clients reduced advertising
costs through bulk media buying arrangements.
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About Polaris
Polaris is currently selling or consulting on the following communities:
Community Name
 Smart Corner
 One Marina
 W Hollywood
 829 Folsom
 Raymond Renaissance
 299 Valencia
 855 Croft
 Millwheel-South
Location
San Diego, CA
Redwood Shores, CA
Los Angeles, CA
San Francisco, CA
Los Angeles, CA
San Francisco, CA
Los Angeles, CA
San Francisco, CA
Number of Homes
301
231
143
69
47
36
33
32
New
New
New
New
New
New
New
New
Homes
Homes
Homes
Homes
Homes
Homes
Homes
Homes
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Disclaimer
 Professional Opinion. With regard to the consulting services, reports, projections and
recommendations provided by Polaris, whether delivered orally or in writing, the
parties acknowledge that the matters on which Polaris 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’s projections and recommendations are solely the result of Polaris’s
considered opinion based on Polaris’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, 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 having been first had and obtained.
Copyright © 2012
Polaris
POLARISGRO U P.C OM
SAN F RA NC ISC O
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San Francisco Residential - Old Republic Title Holding Company

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