San Francisco “Luxury” Real Estate Market Report

It’s funny, for the sake of talking market dynamics and data, we often refer to anything over $1,000,000 as “Luxury Home Sales”…at least most of the nation does, and so we’re kinda forced to as well. Even though we’re sharing these charts with you, and we’re clearly calling this a Luxury Market update, we’re starting to wonder at which point the über competitive price range of $1-2M stops becoming “Luxury”. I mean, really! A million bucks is still A LOT of money, isn’t it? So then, is a 1000 square foot condo that sells for $1,000,000 (Austin Powers voice), and doesn’t come with parking, a view, linen service, or a pool…luxury? (Yes, said condos already exist here.) Something to ponder on this Monday morning. Either way, have a look:

LuxHomes_Unit_Sales_by_QuarterV2

LuxHome_House-Sales_1500-1999_by-DistrictV2

LuxHome_House-Sales_2000-4999_by_DistrictV2

LuxHome_House-Sales_5m_by_DistrictV2

LuxHome_Condo-Sales_1500-Above_by_DistrictV2

From Vacant Lot To Contemporary Home In Eight Short Months: 2192 Funston Ave

What was…

2192Funston

Is now…

2192 Funston Ave, San Francisco CA

But not yet…

Look for this to hit MLS any day, unless someone goes and knocks the seller’s socks off with a big time offer between now and this weekend. Sold in May of 2012 for $489,000 as a “Great opportunity for a developer to build a stunning 4 bedroom, 3.5 bath single family home in highly coveted Golden Gate Heights, [with] shovel-ready approved plans for a single family home in excess of 3,000 sqft, elevator, sauna, 2 car garage, deck, and much more!”

It’s now touted as “a newly constructed contemporary home with panoramic views on a quiet Golden Gate Heights cul-de-sac. [And this] chic and modern beauty is wonderfully laid out on five levels. The stairs are beautiful, especially with the glass paneled railings that create an open and airy sense of space. Too tired to walk up stairs? No worries — that’s what the elevator is for!”

From the looks of the pictures provided by Open Homes Photography, and the minimalist approach to maximizing the views, we’re very curios to see how this $1,680,000 four bedroom, three and one half bath home does in this oh so hot market of ours…especially since it may be one of the few (or only) vacant lots turned single family home west of Twin Peaks with an elevator…and did we mention the views?!

Make sure to check the interactive floor plans, and get yourself out there this weekend to have a look. It’s not something you see everyday in that neck of the woods, and so far, you’re one of the first to know it even exists.

2192 Funston Floor Plan

-2192 Funston, $1,680,000, 4bd, 3.5ba [Property Website]
-New Listed, Newly Sold [theFrontSteps]