San Francisco Development Report April 2016

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News & Highlights

• Sales have begun at One Mission Bay, 350 units located on the Channel.
• Sales have began at The Harrison, a 49-story tower on Rincon Hill. Initial pricing is approximately $1,700 per square foot.
• Just over 20 market-rate units remain at The Rockwell, with first closings projected in August.
• Over 1/3 of market-rate units are in contract at 388 Fulton. Initial pricing averages $1,400 per square foot.

Market Performance 

The Harrison

Ken Fulk-designed The Harrison, located at 401 Harrison Street, is now selling.

Ken Fulk's much-anticipated 49-story residential complex went on the market in April. The 298 units will offer four unique floor plans for one and two-bedroom residences. One bedrooms start at $1 million and two bedrooms start at $1.75 million. 

Selected signature touches include diagonal-planed Siberan oak wood floors, gray cabinetry with polished white slab Carrara marble countertops, custom brass and casted-glass wall sconces, and brass fixtures in the bathrooms. There are 298 units available with 12 already in contract. 

If you're interested in scheduling a private showing at The Harrison or elsewhere, The Costa Group can help!  Its our goal to provide extraordinary service to elevate your life and bring you home. 

San Francisco Development Report-March 2016

News & Highlights

• The resale price per square foot is above $1,000 for the first time since December 2015.
• 60% more resale condominiums on the market in March VS February.
• 450 Hayes is almost completely sold while the 4th floor penthouses are priced at $1,700 per square foot.
• Sales have commenced at The Pacific Row House Collection with 5 of 10 units  already in contract.
• Sales set to launch this month for 388 Fulton and 69 units in Hayes Valley.
• 5 market-rate units remain available at 1001 17th in Potrero Hill.
• More unit closings were released for Arden in Mission Bay with a price per square foot average of $1,015.
• Initial closings for Lumina Tower B have been released with a price per square foot of $1,170.

Market Performance

Residential Pipeline Summary

Projected & Historical Supply

If you are interested in a private showing of one of the many properties on the market in San Francisco or if you have a unit you are looking to list, contact The Costa Group. 

San Francisco Residential Development-December 2015

December has been a busy month for real estate development in San Francisco. 

Many units are still available at 1001 Seventeeth, Onyx on the Park, Sapphire, Luxe and Fulton 555 to name a few. Others including Townhomes on Tennessee, Mission@1875 and V20 recently sold out. 

A quick recap of the highlights:

• Price per square foot remains static at $1,250.
• Only one unit remains at Potrero Hill's Onyx II
• New list prices were announced at Sapphire, with an average price per square foot of about $1,100
• 60% of the homes at Summit 800 in Park Merced are sold, with a square foot price of $680

Q1 is generally the strongest three months for apartment supply and Q1 2016 will bring 8 new projects offering over 1,500 units.

based on year-to-date production levels, San Francisco is projected to have 14% fewer units than in 2014 but requires 3,600 new units annually through 2022.

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