SAN FRANCISCO DEVELOPMENT April 2015
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CONTENTS State of Development . . . . . . . . . . . . . . . . . . . . . . . . . 2
Market Performance . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Currently Selling . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Recently Sold-out & Resale . . . . . . . . . . . . . . . . . . . . . . 12
Upcoming Developments . . . . . . . . . . . . . . . . . . . . . . 23
Development Pipeline and Projections . . . . . . . . . . . . . . 25
About Vanguard Properties Developer Services . . . . . . . . . .27
REPORT NOTES
While the Report focuses on condominiums, select information on apartments is presented as well . The most recent available data has been used, with data from March 2014/2015 used for month-over-month figures . Below Market Rate (BMR) units and senior housing have been omitted from closings and statistics . Note that It can take a few months before closings appear in the records .
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The City continues to benefit from several Area Plans, such as Market and Octavia, Eastern Neighbor-hoods and Rincon Hill . These Plans have acted as a catalyst for the construction of thousands of new market-rate and Below Market Rate (BMR) units .
The Planning Department recently hosted an open house for the Central SOMA Plan, which seeks to address challenges and opportunities in preparation for the Central Subway, which opens in 2019 . The Plan area encompasses 2nd Street to the East, 6th Street to the West, Townsend Street to the South and Market Street to the North . While the Plan focuses on transit-oriented job growth, housing is also addressed . It is estimated that approximately 3,500 additional residential units would be pos-sible through re-zoning and allowable height increases . The greatest building heights would be possible along 4th Street, where the Central Subway is slated to run . The City will mandate greater numbers of BMR units in areas with newfound residential capacity . Combined with existing zoning and height parameters, Central SOMA could yield nearly 12,000 new units . The City expects to complete the Environmen-tal Impact Report by Q2 2016, with implemen-tation of the Plan thereafter . For additional information, visit CentralSOMA .SFPlanning .org .
DEVELOPMENT NEWS...
CURRENTLY SELLING
Sales have commenced at The Rockwell, a two-tower condominium Development in Pacific Heights .
16th & Bryant is sold-out, with a price per square foot of approximately $950 .
Lumina announced the release of a 37th floor, four-bedroom penthouse at $29,000,000, including 8,000 square feet of furnished interiors .
8 Octavia is nearly sold-out, with just two units left . The Development originally began sales in June of last year, and absorption currently measures at about five units per month .
Sales have commenced at Townhomes on Tennessee, a new boutique Development in Dogpatch .
UNDER CONSTRUCTION
Construction is complete at V20, a new condominium Development in the Mission .
Construction at Luxe in Pacific Heights has topped-out, and presales are expected to commence in the second quarter .
The next release at The San Francisco Shipyard consists of 159 units, and sales are expected to commence in mid-April .
Groundbreaking has taken place at 1050 Valencia Street, a 12-unit Development in the Mission .
STATE OF DEVELOPMENT
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MARKET PERFORMANCE$/SqFt Currently Year-Over-Year Month-Over-Month
New Condominium $1,163/SqFt 5% 3%
Resale Condominium $1,043/SqFt 13% 5%
Apartment $4.48/SqFt 10% n/a
NEW CONDOMINIUM PRICING & VOLUME
RESALE CONDOMINIUM PRICING & VOLUME
APARTMENT PRICING
Most Recent Month
Median Sale Price: $1,017,500
Number of Units Sold: 24
Most Recent Month
Median Sale Price: $1,110,000
Number of Units Sold: 186
Most Recent Month
Average List Price: $4,021/month
$3,250$3,350$3,450$3,550$3,650$3,750$3,850$3,950$4,050$4,150$4,250
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DEVELOPMENT SNAPSHOT Currently Selling
THE ROCKWELL
1688 Pine Street | Pacific Heights - Van Ness CorridorStatus: Sales commence mid-April
Project info: Two 13-story towers, 260 units (first phase: 64 units), 31 BMRs, 201 parking spaces, 5,500 SqFt retail, Ground broken: Q4 2014
Developer: Oyster Development (Tricon Capital – equity partner)
Architect: Kwan Henmi
Amenities: Resident’s lounge with kitchen/screening room, Roof terrace with fireplace, Fitness center, Courtyard garden with fire-place/BBQ, 24-hour lobby attendant, Lounge with bar
Features & Finishes: Private balconies, Air conditioning, Caesar-stone counter tops, Porcelain tile in bathrooms, Studio Becker cabinetry, Bosch/Bertazzoni appliances, Walk-in shower and dual sinks in master bathrooms
Website: TheRockwellSF .com
Unit Type Number of Units Size Range Price Range
1 - Bedroom n/a 686 - 750 SqFt n/a
2 - Bedroom n/a 914 - 1,203 SqFt n/a
3 - Bedroom n/a 1,762 SqFt n/a
Unit Mix & Pricing Summary (Currently Selling)
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DEVELOPMENT SNAPSHOT Currently Selling
SEVENTY 2 TOWNSEND
72 Townsend Street at 2nd | SOMA - South BeachStatus: 72 units available/2 units in-contract/0 closed
Project info: 74 units, 7 BMRs, 9-stories, 74 parking spaces, HOA: $653 - $1,257
Ground broken: Q1 2014
Date on market: April 2015
Closings anticipated: Q3 2015
Developer: KB Home
Architect: SB Architects
Amenities: Lobby attendant, Roof terrace, Resident’s lounge
Features & Finishes: Private decks, Bay and City views, Walk-in showers, Soaking tubs, Floor-to-ceiling windows, Approxi-mately 9’ ceilings
Website: 72Townsend .com
Unit Type Number of Units* Size Range Price Range
1 - Bedroom 31 619 - 1,005 SqFt $950K - $1.4M
2 - Bedroom 33 935 - 1,289 SqFt $1.4M - $1.8M
2 - Bedroom Penthouse 1 1,444 SqFt $3.5M
3 - Bedroom Penthouse 2 1,571 - 1,740 SqFt $3.5M - $4.4M
Unit Mix & Pricing Summary (Currently Selling)
*BMRs excluded
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DEVELOPMENT SNAPSHOT Currently Selling
TOWNHOMES ON TENNESSEE
1189 Tennessee Street at 22nd | DogpatchStatus: 11 units available/0 in-contract/0 closed
Project info: 11 units, 4-stories, 12 parking spaces, HOA: $481 - $693
Date on market: April 2015
Architect: Gary Gee
Amenities: Elevator, Bicycle storage
Features & Finishes: Wide-plank oak floors, Underfloor heating, Elfa closet systems, Vaulted ceilings, Private terraces, Viking ap-pliances, Quartz counter tops, Grohe faucets, Soaking tubs
Website: DogpatchTownhomes .com
Unit Type Number of Units Size Range Price Range
1 - Bedroom 2 1,275 - 1,443 SqFt $1.1M
2 - Bedroom 4 1,218 - 1,501 SqFt $1.25M - $1.6M
3 - Bedroom 2 1,444 SqFt $1.7M - $1.8M
Commercial Condominium 3 844 - 1,571 SqFt $695K - $1M
Unit Mix & Pricing Summary (Currently Selling)
V20
3584 Valencia Street at 20th | MissionStatus: 18 units available/0 in-contract/0 closed
Project info: 18 units, 5-stories
Date on market: March 2015
Amenities: Roof terrace, Courtyard, Elevator, Bicycle storage
Features & Finishes: Private outdoor spaces, Oak floors, Studio Becker cabinetry, Miele appliances, Pentalquartz counter tops, Grohe fixtures, Walk-in showers, Gas fireplaces
Website: Valencia20 .com
Unit Type Number of Units Size Range Price Range
2 - Bedroom 4 1,126 - 1,221 SqFt n/a
3 - Bedroom 14 1,266 - 1,634 SqFt n/a
Unit Mix & Pricing Summary (Currently Selling)
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DEVELOPMENT SNAPSHOT Currently Selling
LUMINA
201 Folsom Street at Beale | South BeachStatus: 406 units available/250 in-contract/0 closed, Approximate $/SqFt: $1,400, Approximate absorption: 40 units/month
Project info: 656 units, one 42-story tower, one 37-story tower, two 8-story podiums
Developer: Tishman Speyer (China Vanke – equity partner)
Architect: Bernardo Fort-Brescia of Arquitectonica
Date on market: September 2014
First closings anticipated: Q3 2015
Amenities: 10,500 SqFt rooftop with vegetable garden/dining/fire pits/movie screening, 7,000 SqFt fitness center with yoga studio/aerobics room/20-foot climbing wall, lounge with fireplace/bar, private dining room with chef’s kitchen/prep kitchen/fireplace/out-door terrace, screening room with tiered seating for thirty/surround sound, 75-foot lap pool, library with WIFI, 2,000 SqFt spa with treatment room/day lockers/steam room/sauna, children’s room, music practice room, pet grooming station, on-site gourmet grocer
Features & Finishes: 9’ to 10’10” ceilings, Bay views, Gaggenau ovens/cook tops, Bosch refrigerators/dishwashers, Caesarstone quartz counter tops/backsplash, SieMatic cabinetry, marble vani-ty counter tops, porcelain tile bathroom floors/shower walls, Nest Thermostats
Website: LuminaSF .com
Unit Type Number of Units Size Range Price Range
Studio/Jr. 1-Bedroom 16 650 - 870 SqFt $850K - $950K
1 - Bedroom 200 850 - 1,400 SqFt $1.1M - $1.7M
2 - Bedroom 373 1,180 - 1,600 SqFt $1.5M - $3.5M
3 - Bedroom 67 1,700 - 2,650 SqFt $3.2M - $6M
Unit Mix & Pricing Summary (Currently Selling)
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DEVELOPMENT SNAPSHOT Currently Selling
MISSION@1875
1875 Mission Street at 15th | MissionStatus: 12 units available/14 in-contract/13 closed, Average $/SqFt: $1,048, Approximate absorption: 5 units/month
Date on market: October 2014
Developer: M1875 LLC
Project info: 39 units, 4-stories, 6 BMRs, 24 parking spaces, HOA: $400 - $520
Amenities: Rooftop pool, dog run
Finishes: Ann Sacks/Porcelanosa tile, hardwood floors, frosted glass walls, Blanco faucets, Bertazzoni microwaves/ranges, Leibherr refrigerators, brass entry doors, Heath Ceramics house numbers, radiant heated floors
Website: M1875 .com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Mission@1875 - 403 2/1 752 1 $920,000 $1,223 4/1/2015
Mission@1875 - 106 0/1 619 0 $560,000 $905 3/31/2015
Mission@1875 - 202 1/1 772 1 $754,000 $977 3/16/2015
Mission@1875 - 305 2/1 780 1 $905,000 $1,160 3/10/2015
Mission@1875 - 107 0/1 633 0 $575,000 $908 3/6/2015
Mission@1875 - 407 0/1 645 0 $650,000 $1,008 3/6/2015
Mission@1875 - 108 0/1 620 0 $589,000 $950 2/27/2015
Mission@1875 - 206 0/1 626 0 $619,000 $989 2/27/2015
Mission@1875 - 211 1/1 799 1 $775,000 $970 2/27/2015
Mission@1875 - 212 2/1 804 1 $867,000 $1,078 2/27/2015
Mission@1875 - 309 1/1 804 1 $899,000 $1,118 2/27/2015
Mission@1875 - 306 0/1 620 0 $650,000 $1,048 2/25/2015
Mission@1875 - 304 1/1 751 1 $901,200 $1,200 2/20/2015
Closing Details
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TOWNHOMES ON THIRD
4132 3rd Street at Innes | BayviewStatus: 2 units available/2 in-contract/3 closed, Average $/SqFt: $694
Project info: 7 units, 4-stories, 7 parking spaces, HOA: $570 - $590
Date on market: January 2015
Developer: Mutual Seiko Construction, Inc .
Architect: Alan Martinez
Finishes: Quartz counter tops, Glass tile backsplash, Blanco and Hansgrohe fixtures, Wide-plank hardwood floors, Security systems
Website: Townhomeson3rd .com
DEVELOPMENT SNAPSHOT Currently Selling
SUMMIT 800
800 Brotherhood Way at Junipero Serra | Park MercedStatus: 129 units available/39 in-contract/14 closed, Approximate absorp-tion: 6 units/month
Developer: Comstock Homes & Maracor Development
Project info: 182 units, Townhomes and single family homes, 2-3 car park-ing, HOA: $205 - $760
Date on market: July 2014
Amenities: HOA maintained front yard landscaping, adjacent to two-acre park with tot lot/dog area Features and Finishes: Decks, walk-in closets, Copper Creek polished chrome door hardware, Emser ceramic tile floors, Crema Marfil master bath floors, Superior Shaw stain-resistant carpet, Andersen windows and sliding doors, granite kitchen counter tops and backsplash, Viking appli-ances, Kohler sinks and tubs, Delta faucets, powder rooms in each floor plan, Piedrafina bathroom counter tops and surrounds, 1 .5 KW solar sys-tem, tank-less water heaters
Website: Summit800 .com
Unit Type Number of Units Size Range Price Range
3 - Bedroom 182 1,547 - 2,133 SqFt $979K - 1.675M
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Townhomes on Third - 3 3/2.5 1,391 1 $929,000 $668 3/31/2015
Townhomes on Third - 7 2/2 1,391 1 $1,030,000 $740 3/17/2015
Townhomes on Third - 1 3/2.5 1,391 1 $935,000 $672 3/12/2015
Closing Details
Unit Mix & Pricing Summary (Currently Selling)
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DEVELOPMENT SNAPSHOT Currently Selling
VIDA
2558 Mission Street at 22nd | MissionStatus: 6 units available/34 in-contract/74 closed, Approxi-mate absorption: 8 units/month, Average $/SqFt: $1,084
Developer: Oyster Development
Architect: Kwan Henmi
Project info: 114 units, 8-stories, off-site BMRs, 77 parking spaces, HOA: $430 - $620, Date on market: March 2014
Amenities: Roof terrace with BBQ, lounge area
Finishes: Bosch and Bertazzoni appliances, quartz counter tops, exposed concrete ceilings and columns, porcelain tile bathroom floors
Website: VidaSF .com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Vida - 314 1/1 507 0 $575,000 $1,134 3/31/2015
Vida - 204 1/1 680 0 $649,000 $954 3/25/2015
Vida - 306 2/2 943 1 $939,000 $996 3/6/2015
Vida - 413 1/1 631 0 $689,000 $1,092 2/27/2015
Vida - 402 1/1 816 1 $799,000 $979 2/17/2015
Vida - 315 0/1 494 0 $579,000 $1,172 1/30/2015
Vida - 307 2/2 916 1 $917,000 $1,001 1/29/2015
Vida - 415 0/1 494 0 $599,000 $1,213 1/27/2015
Vida - 416 0/1 517 0 $599,000 $1,159 1/15/2015
Vida - 509 2/2 1,003 1 $1,195,000 $1,191 1/15/2015
Vida - 313 1/1 631 0 $654,000 $1,036 1/13/2015
Vida - 212 1/1 631 0 $691,500 $1,096 12/3/2014
Vida - 215 0/1 494 0 $585,000 $1,184 12/3/2014
Vida - 216 0/1 517 0 $595,000 $1,151 12/3/2014
Vida - 301 2/2 1,144 1 $1,190,500 $1,041 12/3/2014
Vida - 303 1/1 832 1 $822,500 $989 12/3/2014
Vida - 305 2/2 1,104 1 $1,155,000 $1,046 12/3/2014
Vida - 316 0/1 517 0 $585,000 $1,132 12/3/2014
Vida - 318 1/1 725 1 $765,500 $1,056 12/3/2014
Vida - 409 2/2 1,003 1 $1,137,000 $1,134 12/3/2014
Vida - 501 2/2 1,071 1 $1,174,000 $1,096 12/3/2014
Vida - 503 1/1 832 1 $849,000 $1,020 12/3/2014
Vida - 510 2/2 930 1 $1,019,000 $1,096 12/3/2014
Vida - 513 1/1 631 0 $696,000 $1,103 12/3/2014
Vida - 515 0/1 494 0 $631,500 $1,278 12/3/2014
Vida - 518 1/1 739 1 $827,000 $1,119 12/3/2014
Closing Details
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DEVELOPMENT SNAPSHOT Currently Selling
8 OCTAVIA
8 Octavia Street at Market | Hayes ValleyStatus: 2 units available/21 in-contract/24 closed, Approximate absorption: 5 units/month, Average $/SqFt: $1,169
Project info: 47 units, 8-stories, HOA: $500 - $850, 7 BMRs, 24 parking spaces, Date on market: June 2014
Developer: DM Development & DDG
Architect: Stanley Saitowitz
Landscape architect: Marta Fry
Amenities: Roof terrace
Features & Finishes: Louvered facade, SieMatic kitchen cabinetry, Corian counter tops, FSC certified wide-plank oak flooring, Visionline key-less entry, Virtual Doorman
Website: 8Octavia .com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
8 Octavia - 805 3/3 1,757 1 $2,599,999 $1,480 3/13/2015
8 Octavia - 404 2/2 1,001 0 $939,000 $938 2/18/2015
8 Octavia - 303 1/1 726 0 $729,000 $1,004 1/6/2015
8 Octavia - 301 2/2.5 968 0 $980,000 $1,012 10/21/2014
8 Octavia - 302 2/2 1,001 0 $940,000 $939 10/21/2014
8 Octavia - 304 2/2 1,001 0 $1,000,000 $999 10/21/2014
8 Octavia - 403 1/1 726 0 $749,000 $1,032 10/21/2014
8 Octavia - 406 2/2 1,001 1 $950,000 $949 10/21/2014
8 Octavia - 501 2/2.5 968 1 $1,125,000 $1,162 10/21/2014
8 Octavia - 505 1/1 726 0 $749,000 $1,032 10/21/2014
8 Octavia - 506 2/2 1,001 1 $1,320,000 $1,319 10/21/2014
8 Octavia - 508 2/2 1,001 1 $1,320,000 $1,319 10/21/2014
8 Octavia - 601 2/2.5 968 1 $1,150,000 $1,188 10/21/2014
8 Octavia - 602 2/2 1,001 0 $959,000 $958 10/21/2014
8 Octavia - 604 2/2 1,001 1 $1,215,000 $1,214 10/21/2014
8 Octavia - 605 1/1 726 0 $779,000 $1,073 10/21/2014
8 Octavia - 608 2/2 1,001 1 $1,165,000 $1,164 10/21/2014
8 Octavia - 701 2/2.5 968 1 $1,165,000 $1,204 10/21/2014
8 Octavia - 803 3/3 1,757 1 $2,549,000 $1,451 10/21/2014
8 Octavia - 806 2/2.5 1,225 1 $1,600,000 $1,306 10/21/2014
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
16th & BRYANT
2421-2425 16th Street at Bryant | MissionStatus: 2 in-contract, 10 closed, Average $/SqFt: $950
Date on market: January 2015
Project info: 12 units, 4-stories, 1 BMR, 12 parking spaces, HOA: $490 - $650
Finishes: Living areas with white oak hardwood floors, Patios with Eleganza quartzite pavers, Kitchens with Liebherr HCB 30 inch fully integrated refrigerator & freezer, Bertazzoni Master Series 30-inch 4-burner gas range
Amenities: Bicycle storage
Website: 16thandBryant .com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
16th & Bryant - 402 2/2 1,158 1 $1,185,000 $1,023 3/30/2015
16th & Bryant - 301 2/2 1,024 1 $1,005,000 $981 3/27/2015
16th & Bryant - 303 2/2 1,133 1 $1,149,000 $1,014 3/27/2015
16th & Bryant - 302 2/2 1,157 1 $1,099,000 $950 3/25/2015
16th & Bryant - 2425 3/2.5 1,900 1 $1,375,000 $724 3/24/2015
16th & Bryant - 201 2/2.5 1,228 1 $1,362,000 $1,109 3/20/2015
16th & Bryant - 2423 3/2.5 1,891 1 $1,331,000 $704 3/20/2015
16th & Bryant - 202 2/2.5 1,208 1 $1,299,000 $1,075 3/13/2015
16th & Bryant - 401 2/2 1,021 1 $1,200,000 $1,175 3/13/2015
16th & Bryant - 404 2/2 1,022 1 $1,105,000 $1,081 3/13/2015
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
870 HARRISON
870 Harrison Street at 4th | SOMAStatus: Approximate absorption: 5 units/month, Average $/SqFt: $1,075
Developer: JS Sullivan Architect: RG Architecture
Project info: 26 units, 4 BMRs, 6-stories, Date on market: October 2014, HOA: $475 - $600
Amenities: Roof terrace with BBQ, bicycle storage
Features and Finishes: Floor-to-ceiling bay windows, radiant floor heating, 13’ penthouse ceilings, white oak flooring, Caesarstone counter tops, Bertazzoni ranges, Bosch dishwashers, Grohe plumbing fixtures, Porcelanosa Krion backsplash
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
870 Harrison - 505 2/1.5 898 1 $955,000 $1,063 4/1/2015
870 Harrison - 605 2/1.5 883 1 $960,000 $1,087 2/20/2015
870 Harrison - 404 2/1.5 845 1 $895,000 $1,059 1/30/2015
870 Harrison - 201 1/1 628 0 $560,000 $892 11/11/2014
870 Harrison - 202 1/1 598 0 $595,000 $995 11/11/2014
870 Harrison - 203 1/1 531 0 $575,000 $1,083 11/11/2014
870 Harrison - 204 1/1 616 0 $575,000 $933 11/11/2014
870 Harrison - 206 1/1 545 0 $535,000 $982 11/11/2014
870 Harrison - 301 1/1 628 0 $685,000 $1,091 11/11/2014
870 Harrison - 302 1/1 598 0 $615,000 $1,028 11/11/2014
870 Harrison - 303 1/1 531 0 $595,000 $1,121 11/11/2014
870 Harrison - 401 1/1 628 1 $650,000 $1,035 11/11/2014
870 Harrison - 402 1/1 598 0 $650,000 $1,087 11/11/2014
870 Harrison - 403 1/1 531 0 $575,000 $1,083 11/11/2014
870 Harrison - 501 1/1 628 1 $680,000 $1,083 11/11/2014
870 Harrison - 503 1/1 531 0 $578,000 $1,089 11/11/2014
870 Harrison - 601 1/1 613 1 $800,000 $1,305 11/11/2014
870 Harrison - 604 2/1.5 814 1 $950,000 $1,167 11/11/2014
870 Harrison - 602 1/1 583 1 $720,000 $1,235 11/10/2014
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
AMERO
1501 Filbert Street at Van Ness | Cow HollowStatus: Approximate absorption: 5 units/month, Average $/SqFt: $1,393
Developer: Trumark Urban Architect: NC2 Studio
Project info: 27 units, 0 BMRs, 7-stories, HOA: $560 - $765, Date on market: July 2014
Amenities: Roof terrace with BBQ/fireplace, lobby lounge, entry water feature, bicycle parking
Features & Finishes: Studio Becker cabinetry, Haussmann stone bathroom counter tops and flooring, Bolyu bedroom carpeting, DuChateau wide-plank oak flooring, Domus & Domus cabinetry, Bertazzoni range ovens, Bosch microwaves & dishwashers, Thermador refrigerators, Kohler sinks, quartz counter tops
Website: AmeroSF .com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Amero - PH7G 2/2 1,613 2 $3,475,000 $2,154 2/27/2015
Amero - TH5F 2/2.5 1,789 1 $2,485,000 $1,389 2/27/2015
Amero - PH7C 2/2 1,040 1 $1,648,000 $1,585 2/23/2015
Amero - PH7A 2/2 1,132 2 $1,575,000 $1,391 2/2/2015
Amero - 5C 2/2 1,130 1 $1,600,000 $1,416 1/30/2015
Amero - 5G 2/2 1,770 1 $2,500,000 $1,412 1/27/2015
Amero - 6C 2/2.5 1,130 1 $1,799,000 $1,592 1/2/2015
Amero - 5D 2/2.5 1,768 1 $2,575,000 $1,456 12/16/2014
Amero - PH7E 2/2.5 1,680 2 $3,550,000 $2,113 12/6/2014
Amero - 3C 2/2 1,130 1 $1,325,000 $1,173 11/25/2014
Amero - 6A 2/2 1,220 1 $1,464,000 $1,200 11/25/2014
Amero - 4C 2/2 1,130 1 $1,450,000 $1,283 11/24/2014
Amero - PH7D 2/2.5 1,562 2 $3,700,000 $2,369 11/24/2014
Amero - 3B 2/2 1,192 1 $1,239,000 $1,039 11/22/2014
Amero - 6B 2/2 1,192 1 $1,399,000 $1,174 11/22/2014
Amero - TH1B 3/3.5 2,470 1 $2,450,000 $992 11/22/2014
Amero - TH1C 3/3.5 2,570 1 $2,325,000 $905 11/22/2014
Amero - 3D 2/2.5 1,662 1 $1,850,000 $1,113 11/21/2014
Amero - 3A 2/2 1,222 1 $1,279,000 $1,047 11/15/2014
Amero - 4A 2/2 1,220 1 $1,345,000 $1,102 11/15/2014
Amero - 4B 2/2 1,192 1 $1,289,000 $1,081 11/13/2014
Amero - 5B 2/2 1,192 1 $1,340,000 $1,124 11/13/2014
Amero - 5A 2/2 1,220 1 $1,390,000 $1,139 11/9/2014
Amero - PH7F 2/2.5 1,634 2 $3,500,000 $2,142 10/13/2014
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
35 DOLORES
35 Dolores Street at Market | Mission DoloresStatus: Approximate absorption: 6 units/month, Average $/SqFt: $1,231
Developer: Lightner Property Group Architect: Levy Design Partners
Project info: 37 units, 4-stories, HOA: $300 - $425, Date on market: September 2014
Amenities: Courtyard, double-height lobby, guest studio, rear yard, bicycle storage, dog wash, car wash area, wiring for EV charging
Finishes: Exterior louvers, fireplaces, Viking appliances, quartz counter tops, wide-plank oak flooring, porcelain tile bathroom floors, Maytag washer/dryers
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
35 Dolores - 402 2/2 1,133 1 $1,550,000 $1,368 3/31/2015
35 Dolores - 104 1/1 750 0 $895,000 $1,193 3/2/2015
35 Dolores - 105 1/1 670 0 $795,000 $1,187 2/26/2015
35 Dolores - 308 3/2 1,280 1 $1,610,000 $1,258 2/25/2015
35 Dolores - 101 2/2 1,175 1 $1,350,000 $1,149 2/19/2015
35 Dolores - 107 2/2 1,170 1 $1,495,000 $1,278 2/7/2015
35 Dolores - 206 2/2 1,188 1 $1,345,000 $1,132 2/7/2015
35 Dolores - 305 1/1 670 0 $745,000 $1,112 2/7/2015
35 Dolores - 406 2/2 1,186 1 $1,575,000 $1,328 2/7/2015
35 Dolores - 405 1/1 670 0 $800,000 $1,194 2/3/2015
35 Dolores - 201 2/2 1,152 1 $1,225,000 $1,063 1/31/2015
35 Dolores - 204 1/1 750 0 $790,000 $1,053 1/31/2015
35 Dolores - 306 2/2 1,186 1 $1,495,000 $1,261 1/31/2015
35 Dolores - 401 2/2 1,237 1 $1,495,000 $1,209 1/31/2015
35 Dolores - 404 1/1 755 1 $900,000 $1,192 1/31/2015
35 Dolores - 409 1/1 620 0 $739,000 $1,192 1/31/2015
35 Dolores - 205 1/1 665 0 $730,000 $1,098 1/30/2015
35 Dolores - 108 3/2 1,267 1 $1,695,000 $1,338 1/26/2015
35 Dolores - 106 2/2 1,170 1 $1,465,000 $1,252 1/24/2015
35 Dolores - 207 2/2 1,165 1 $1,295,000 $1,112 1/24/2015
35 Dolores - 208 3/2 1,280 1 $1,495,000 $1,168 1/24/2015
35 Dolores - 303 2/2 935 1 $1,145,000 $1,225 1/24/2015
35 Dolores - 304 1/1 755 0 $830,000 $1,099 1/24/2015
35 Dolores - 310 2/2 995 1 $1,295,000 $1,302 1/24/2015
35 Dolores - 403 2/2 935 1 $1,195,000 $1,278 1/24/2015
35 Dolores - 407 2/2 1,162 1 $1,625,000 $1,398 1/24/2015
35 Dolores - 408 3/2 1,280 1 $1,750,000 $1,367 1/24/2015
35 Dolores - 410 2/2 995 1 $1,395,000 $1,402 1/24/2015
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
THE SAN FRANCISCO SHIPYARD (1st release)
11 Innes Court | Hunters PointStatus: Approximate absorption: 10 units/month
Developer: Lennar Urban
Date on market: June 2014
First closings: December 2014
Project info: 5-story condominium building (Merchant) & 25 town-homes (Olympia), HOA: $250 - $505, 9 BMRs
Amenities: Community park, shuttle service, roof terrace (Merchant)
Features & Finishes: Attached garages (Olympia), balconies & patios, Bay & City views, walk-in closets, Barbosa cabinetry, Bosch appliances, quartz and Corian counter tops, porcelain tile and sus-tainable Plyboo bamboo floors
Unit Type Number of Units Size Range Price Range
OLYMPIA TOWNHOMES
2 - Bedroom 18 948 - 1,172 SqFt $650K - $725K
3 - Bedroom 7 1,418 - 1,587 SqFt $850K - $925K
Unit Type Number of Units Size Range Price Range
MERCHANT CONDOS
Studio 1 457 SqFt -
1 - Bedroom 29 595 - 744 SqFt $450K - $500K
2 - Bedroom 32 921 - 1,027 SqFt $550K - $750K
3 - Bedroom 1 1,158 SqFt $675K
Unit Mix & Pricing Summary
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LINEA
8 Buchanan Street at Market | Duboce TriangleAverage $/SqFt (last six months): $1,102
Date on market: August 2013
Sold-out: December 2014
Developer: Brian Spiers
Architect: Arquitectonica
Project info: 115 units, 9-stories, HOA: $450 - $675
Amenities: Attended lobby, roof terrace, courtyard
Finishes: Quartz counter tops, hardwood floors, Bertazzoni/Liebherr/Bosch appliances
DEVELOPMENT SNAPSHOT Recently Sold-Out
ARDEN
718 Long Bridge Street at 4th | Mission BayStatus: Approximate absorption: 65 units/month, All units in contract: Sep-tember 2014
Developer: Bosa Development; Architect: Chris Dikeakos
Project info: 267 units, 0 BMRs, 16-stories, HOA: $775 - $1,175
Date on market: June 2014
Closings anticipated: Q3 2015
Amenities: Attended lobbies, 75’ lap pool, spa, fitness center with changing rooms, resident’s lounge with kitchen/billiards, numerous terraces, BBQ, library, electric car share, workshop, pet grooming facility, common area WIFI and USB ports, storage
Features and Finishes: Hardwood floors, Whirlpool washer/dryers, walk-in closets, solid core interior doors, USB and fiber optic wiring, Caesarstone counter tops, Thermador appliances, Grohe plumbing fixtures
Website: ArdenByBosa .com
Unit Type Number of Units Size Range Price Range
1 - Bedroom 17 732 - 1,168 SqFt $775K - $1M
2 - Bedroom 205 995 - 1,436 SqFt $1M - $1.8M
3 - Bedroom 45 1,611 - 2,044 SqFt $1.5M - $2.5M
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Linea - 312 1/1 836 0 $749,000 $896 1/2/2015
Linea - 601 2/1 787 1 $899,000 $1,142 12/31/2014
Linea - 813 2/2 963 1 $1,090,000 $1,132 12/22/2014
Linea - 406 1/1 778 1 $829,000 $1,066 11/13/2014
Linea - 302 2/2 1,223 1 $1,490,000 $1,218 10/21/2014
Unit Mix and Pricing Summary
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
MILLWHEEL NORTH
1275 Indiana Street at 23rd | DogpatchAverage $/SqFt (last six months): $869
Developer: The R Group
Project info: 39 units, 4-stories, HOA: $400 - $450, Date on market: May 2014, Sold-out: December 2014
Amenities: Courtyard
Features & Finishes: Bonelli windows, hardwood floors, Heat & Glo fireplaces, Shaw carpeting, black marble in bathrooms, Inox polished chrome door hardware, Grohe plumbing fixtures, Elfa closet systems, GE washer/dryers, private outdoor spaces, Bellmont cabinetry, Caesarstone counter tops, KitchenAid refrigerator, Bertazzoni range ovens, Bosch dishwashers, marble flooring, Hydro Systems soaking tubs, porcelain tile bathroom floors
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Millwheel North - 403 2/2 1,096 1 $1,045,000 $953 12/16/14
Millwheel North - 405 2/2 1,215 1 $1,150,000 $947 10/28/14
Millwheel North - 103 2/2 1,467 1 $1,245,000 $849 10/24/14
Millwheel North - 101 2/2 1,360 1 $1,050,000 $772 10/22/14
Millwheel North - 102 2/2 1,121 1 $995,000 $888 10/22/14
Millwheel North - 203 2/2 1,223 1 $949,000 $776 10/22/14
Millwheel North - 206 2/2 1,221 1 $1,100,000 $901 10/22/14
Millwheel North - 301 2/2 1,316 1 $1,125,000 $855 10/22/14
Millwheel North - 304 2/2 1,094 1 $999,000 $913 10/22/14
Closing Details
MINT COLLECTION
410 Jessie Street at 5th | SOMAAverage $/SqFt (last six months): $1,053
Developer: Martin Building Company
Project info: 10-stories, HOA: $350 - $1,200
Date on market: April 2014
Amenities: Roof terrace with BBQ, fitness center, spa
Features and Finishes: 11’6” and 11’15” ceilings, granite/concrete counter tops, acid-stained concrete floors
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Mint Collection - 3 2/2 1,559 1 $1,600,000 $1,026 2/27/2015
Mint Collection - 801 2/1 1,240 1 $1,350,000 $1,089 11/5/2014
Mint Collection - 2 1/2 1,559 1 $1,550,000 $994 10/28/2014
Mint Collection - 4 2/2 1,559 1 $1,675,000 $1,074 10/23/2014
Mint Collection - 5 1/2 1,559 1 $1,750,000 $1,123 10/14/2014
Mint Collection - 1 1/2 1,559 1 $1,500,000 $962 10/9/2014
Mint Collection - 305 0/1 433 0 $515,000 $1,189 10/8/2014
Mint Collection - 405 0/1 433 0 $525,000 $1,212 10/8/2014
Mint Collection - 407 1/1 658 0 $650,000 $988 10/8/2014
Closing Details
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DEVELOPMENT SNAPSHOT Resale
MILLENNIUM TOWER
301 Mission Street at Fremont | SOMAAverage $/SqFt (last 6 months): $1,595
Developer: Millennium Partners
Architect: Handel Architects
Project info: 419 units, 58-story high-rise & 11-story mid-rise, HOA: $450 - $1,750
Date on market: November 2007
Sold-out: April 2013
Amenities: Concierge, resident’s lounge, tasting room and cellar, private dining room, screening room, children’s play-room, outdoor terrace, 5,500 square-foot fitness center with Pilates/yoga studios/massage service/locker rooms/spa room/steam room/75-foot indoor lap pool
Finishes: Hardwood floors, Studio Becker cabinetry, mar-ble/quartzite counter tops, Sub-Zero/Wolfe/Miele/GE/Bosch/U-Line appliances
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Millennium Tower - 1004 2/2 1,400 1 $3,000,000 $2,143 4/1/2015
Millennium Tower - 32E 2/2 1,714 1 $2,775,000 $1,619 3/31/2015
Millennium Tower - 36D 2/3 1,952 1 $4,000,000 $2,049 3/10/2015
Millennium Tower - 406 1/2 1,633 1 $2,325,000 $1,424 3/2/2015
Millennium Tower - 22H 1/1 733 0 $1,080,000 $1,473 1/16/2015
Millennium Tower - 15A 2/2 1,479 1 $2,000,000 $1,352 12/15/2014
Millennium Tower - 16H 1/1 773 0 $950,000 $1,229 10/23/2014
Millennium Tower - 12E 2/2 1,098 0 $1,500,000 $1,366 10/15/2014
Millennium Tower - 11G 2/2 1,246 0 $1,650,000 $1,324 10/3/2014
Millennium Tower - 25H 1/1 773 0 $1,137,500 $1,472 10/2/2014
Millennium Tower - 29F 2/2 1,601 1 $2,300,000 $1,437 9/15/2014
Closing Details
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DEVELOPMENT SNAPSHOT Resale
ONE RINCON HILL
425 1st Street at Harrison | SOMAAverage $/SqFt (last 6 months): $1,479
Developer: Urban West Associates
Architect: SCB
Project info: 376 units, 60-stories, HOA: $650 - $1,000
Date on market: January 2006
Sold-out: November 2012
Amenities: 24-hour doorman, concierge, high-speed Internet access, fit-ness center, resident’s lounge with catering kitchen, valet parking, full-size swimming pool, outdoor kitchen, outdoor fireplace
Finishes: Hardwood floors, Del Tongo cabinetry, Sub-Zero refrigerators, Bosch appliances
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
One Rincon Hill - 3208 1/1 755 1 $1,079,000 $1,429 3/11/2015
One Rincon Hill - 2508 1/1 755 1 $1,059,000 $1,403 3/5/2015
One Rincon Hill - 2407 1/1 819 1 $1,150,000 $1,404 2/20/2015
One Rincon Hill - 4607 1/1 819 1 $1,288,000 $1,573 2/18/2015
One Rincon Hill - 1608 1/1 755 1 $915,000 $1,212 2/6/2015
One Rincon Hill - 5204 3/3 1,947 1 $3,530,000 $1,813 12/31/2014
One Rincon Hill - 4207 1/1 819 1 $1,200,000 $1,465 12/27/2014
One Rincon Hill - 2107 1/1 819 1 $1,075,000 $1,313 12/18/2014
One Rincon Hill - 4101 1/1 837 1 $1,149,000 $1,373 11/28/2014
One Rincon Hill - 4805 1/1 710 1 $915,000 $1,289 11/10/2014
Closing Details
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DEVELOPMENT SNAPSHOT Resale
THE INFINITY
301 & 333 Main Street, 318 & 338 Spear Street | South BeachAverage $/SqFt (last 6 months): $1,504
Developer: Tishman Speyer
Architect: Heller Manus/Bernardo Fort-Brescia of Arquitectonica
Project info: 650 units, one 37- and one 42-story high rise, one 8- and one 9-story podium, Date on market: June 2006, Sold-out: March 2011, HOA: $600 - $1,600
Amenities: Attended lobbies with concierge services, courtyards, 5,000 square foot fitness center, 75-foot indoor lap pool, sauna, resident’s lounge with catering kitchen, business center, screening room
Finishes: Granite counter tops, Studio Becker cabinetry, Watermark and Kohler fixtures, Bosch appliances, Bamboo flooring
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
The Infinity - 23B 2/2 1,317 1 $2,418,000 $1,836 3/27/2015
The Infinity - 5B 2/2.5 1,812 1 $2,369,000 $1,307 3/17/2015
The Infinity - 35A 2/2 1,268 1 $2,480,000 $1,956 3/3/2015
The Infinity - 9C 3/2.5 1,429 1 $1,850,000 $1,295 2/27/2015
The Infinity - 25H 2/2 1,317 1 $1,849,000 $1,404 2/24/2015
The Infinity - 27F 2/2 1,307 1 $2,088,000 $1,598 1/30/2015
The Infinity - 30A 2/2 1,268 1 $2,200,000 $1,735 1/23/2015
The Infinity - 14A 2/2 1,163 1 $1,415,000 $1,217 1/1/2015
The Infinity - 33G 3/2 1,610 1 $2,375,000 $1,475 12/19/2014
The Infinity - 36A 2/2 1,268 1 $2,327,500 $1,836 12/3/2014
The Infinity - T36E 3/2.5 1,679 1 $3,000,000 $1,787 11/25/2014
The Infinity - 18A 2/2 1,163 1 $1,450,000 $1,247 11/24/2014
The Infinity - 6E 1/1 838 1 $953,888 $1,138 11/20/2014
The Infinity - 18E 2/2 1,180 1 $1,500,000 $1,271 11/13/2014
The Infinity - 20A 2/2 1,163 1 $1,475,000 $1,268 10/27/2014
Closing Details
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THE HAYES
55 Page Street at Gough | Hayes ValleyAverage $/SqFt (last 6 months): $1,267
Developer: Intracorp
Architect: Heller Manus
Project info: 128 units, 8-stories, HOA: $300 - $500
Amenities: Attended lobby, fitness center, roof terrace
Finishes: Studio Becker cabinetry, granite counter tops, bamboo flooring
DEVELOPMENT SNAPSHOT Resale
ONE HAWTHORNE
1 Hawthorne Street at Howard | SOMAAverage $/SqFt (last 6 months): $1,232
Developer: Jackson Pacific Ventures
Architect: EHDD
Project info: 165 units, 25-stories, HOA: $500 - $750
Date on market: January 2010
Sold-out: May 2013
Amenities: Fitness center, roof terrace with BBQ, attended lobby
Finishes: Quartz and limestone counter tops, hardwood floors, Studio Becker cabinetry, Bosch appliances
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
The Hayes - 310 1/1 739 1 $899,000 $1,217 3/23/2015
The Hayes - 514 0/1 476 1 $564,000 $1,185 3/4/2015
The Hayes - 515 1/1 750 1 $905,000 $1,207 2/6/2015
The Hayes - 720 1/1 746 1 $890,000 $1,193 10/31/2014
The Hayes - 819 1/1 746 1 $1,121,000 $1,503 10/30/2014
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
One Hawthorne - 21C 2/2 1,313 1 $1,800,000 $1,371 2/27/2015
One Hawthorne - 11E 2/2 1,246 1 $1,500,000 $1,204 1/26/2015
One Hawthorne - 15A 1/1 909 1 $1,060,000 $1,166 11/4/2014
One Hawthorne - 14G 1/1 950 1 $1,150,000 $1,211 10/24/2014
One Hawthorne - 22A 2/2 1,558 1 $1,850,000 $1,187 10/15/2014
Closing Details
Closing Details
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UPCOMING CONDOMINIUM DEVELOPMENTSDevelopment Developer / Owner Area Sales
Commence Units
The San Francisco Shipyard Phase II Lennar Urban Hunters Point Q2 2015 159
400 Grove Street at Gough DDG/DM Hayes Valley Q2 2015 35
Luxe - 1650 Broadway Street at Van Ness Belrich Partners LLC Van Ness Corridor Q2 2015 34
2655 Bush Street at Divisadero KB Home Lower Pac Heights Q2 2015 81
Park 181 - Fremont Street at Howard Jay Paul Company Transbay Q2 2015 67
840 Sutter Street at Jones Edward Duffy Lower Nob Hill Q3 2015 20
1450 Franklin Street at Bush Village Properties Western Addition Q3 2015 67
1001 17th Street at Pennsylvania 1001 17th Street Associates LLC Potrero Hill Q3 2015 26
Onyx Phase II - 310 Carolina Street at 17th LNF Partners Potrero Hill Q3 2015 21
388 Fulton Street at Franklin 7x7 Development Hayes Valley Q4 2015 61
450 Hayes Street at Gough DDG/DM Hayes Valley Q4 2015 50
1050 Valencia Street at Hill LLC Mission Q4 2015 12
Pacific - 2155 Webster Street at Sacramento Trumark Urban Pacific Heights Q4 2015 76
555 Fulton Street at Laguna Fulton Street Ventures Hayes Valley Q1 2016 136
PARK 181
LUXE 1001 17th
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UPCOMING APARTMENT DEVELOPMENTSDevelopment Developer / Owner Area Marketing to
Commence Units
Azure - 690 Long Bridge Street Equity Residential Mission Bay Q2 2015 273
Jasper - 45 Lansing Street at 1st Crescent Heights South of Market Q2 2015 320
340 Fremont Street at Folsom Equity Residential South of Market Q3 2015 332
1321 Mission Street at 9th (Efficiency Units) Panoramic Interests South of Market Q3 2015 160
1401 Mission Street at 10th Behringer Harvard South of Market Q3 2015 117
299 Fremont Street at Folsom Golub and Company South of Market Q3 2015 409
101 Polk Street at Hayes Emerald Fund Mid-Market Q3 2015 143
Alta Laguna - 55 Laguna Street at Market Wood Partners Hayes Valley Q3 2015 280
360 Berry Street at 5th LLC Mission Bay Q4 2015 129
2198 Market Street at Sanchez Greystar Upper Market Q1 2016 87
350 8th Street at Harrison AIG Global/Associated Estates South of Market Q1 2016 408
Echelon - 399 Fremont Street at Harrison UDR/MetLife South of Market Q2 2016 452
EQR Potrero - 1000 16th Street at Missouri Equity Residential Potrero Hill Q2 2016 453
1 Henry Adams at Division Equity Residential Design District Q4 2016 239
801 Brannan Street at 8th Equity Residential Design District Q1 2017 435
1201 Tennessee Street at 22nd AGI/Avant Housing Dogpatch Q1 2017 259
801 BRANNAN101 POLK
1321 MISSION
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APPROVED, UNDER REVIEW & CONCEPTUALArea Approved Under Review Conceptual
Bayview/Hunters Point/Candlestick 10,430 499 2,000
Dogpatch 360 907 1,000
Hayes Valley 151 191 24
Mid-Market 262 1,036 0
Mission 132 971 248
Mission Bay 692 1,000 0
Northern Neighborhoods 190 1,176 550
Park Merced 8,900 0 0
Potrero Hill 205 1,085 323
South of Market 2,538 5,566 1,007
Southern Neighborhoods 2,185 560 461
Transbay 1,076 615 0
Treasure Island 8,619 0 0
Upper Market 24 222 0
Van Ness Corridor 0 1,416 0
Total 35,764 15,244 5,613
UNDER CONSTRUCTION - BY PRODUCT TYPEArea Condominiums Apartments All
Bayview/Hunters Point/Candlestick 159 0 159
Dogpatch 0 259 259
Hayes Valley 282 280 562
Mid-Market 0 143 143
Mission 32 0 32
Mission Bay 0 402 402
Northern Neighborhoods 244 0 244
Potrero Hill 47 453 500
South of Market 0 2,872 2,872
Transbay 67 0 67
Upper Market 0 87 87
Van Ness Corridor 34 0 34
Totals 865 4,496 5,361
The category, under construction - condominiums, does not include developments which are preselling units . These developments are categorized as Currently Selling .
Northern (and Northwestern) Neighborhoods covers Richmond, Sunset, Laurel Heights, Cathedral Hill, Western Addition, Pacific Heights, Nob Hill, Lower Nob Hill, Financial District, Russian Hill, Telegraph Hill, North Beach & Marina/Cow Hollow .
Southern (and Southwestern) Neighborhoods covers Oceanview, Parkside, Glen Park, Forest Knolls, Outer Mission, Mission Terrace .
Apartment construction South of Market increased thirty-percent since last month . This upswing results from two large Developments breaking ground by Equity Residential . Condominium production continues to be dwarfed by apartments, despite ever increasing condominium prices . However, there are nearly 4,800 approved condominiums in the Pipeline . South of Market and Potrero Hill/Dogpatch have great concentrations of approved condominiums .
SAN FRANCISCO RESIDENTIAL PIPELINE
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SAN FRANCISCO RESIDENTIAL PIPELINESUPPLY PROJECTIONS
South of Market continues to be the most promising sub-market, with nearly 3,000 units under construction . Hayes Valley and Potrero Hill come in second and third, with approximately 750 and 500 units respectively . One of the most popular sub-markets, the Mission, is only set to deliver 32 condominiums and no apartments . There are approximately 130 units which have been approved in the Mission, which have not yet broken ground .
The average size of condominium developments under construction is approximately 60 units, versus 280 units for apartment developments . Additionally, most of the apartment projects are being developed by large and/or publicly traded developers, whereas the condominium developers are mostly smaller and/or privately held .
Future supply may increase dramatically, depending on the time lines of large-scale, long-term projects at Hunters Point, Candlestick Point, Park Merced, Treasure Island and Visitacion Valley . The aforementioned projects have the potential to deliver 30,000 units . South of Market will continue to be a cornerstone of future infill supply, with over 2,500 approved units in the Pipeline .
New Condominiums* % Change New Apartments* % Change
Q2 2015 945 46% 750 85%
Q3 2015 919 -3% 1,871 149%
Q4 2015 908 -1% 1,263 -32%
Q1 2016 826 -9% 1,068 -15%
Q2 2016 637 -23% 1,434 34%
Q3 2016 470 -26% 1,002 -30%
Q4 2016 337 -28% 922 -8%
*Condominiums projected at a 5 unit per month, per project absorption level; Lumina at 40 units per month; Apartments projected at 30 units per month, per project
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016
Uni
ts
New Condominiums New Apartments
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ABOUT VANGUARD PROPERTIES DEVELOPER SERVICESVanguard Properties expertly guides urban residential developers . Core consulting services include Analytics, Land Acquisition, Design, Branding and Sales Strategy . From concept to close-out, Vanguard leads the way . For a list of developments, visit VanguardSF .com
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Data sources for this Report include but are not limited to SFAR MLS, the San Francisco Planning Department, development mar-keting websites and industry news/information outlets . The information in this Report is subject to errors, as it is compiled from multiple sources, with varying degrees of accuracy and currency . This Report should not be reproduced or distributed, in whole or in part, without the prior written consent of Vanguard Properties . The statements in this Report, which are not historical facts, are projections or estimates based on Vanguard Properties’ opinions and expectations of future market performance . Although the information presented is believed to be correct, no representation is made by Vanguard Properties as to the accuracy or complete-ness of the information . The information presented may be subject to updating, revision or verification, and such information may change in a material nature . This is not an offer to sell property, and is intended for information purposes only . This Report should not be relied upon or utilized in making investment decisions . ©2015 Vanguard Properties, All rights reserved .