It’s not very often we point out the sub $600,000, let alone the sub $500,000 San Francisco real estate market, because it’s not the most common sale in San Francisco, but what about the sub $400,000 market? It exists, albeit very minimally, and 380 Monterey #101, a 1 bed, 1 bath, 668 square foot condo in the Sunnyside is a perfect example of what you can get…it’s still close to $600/square foot, but it will only set you back $390,000.
For those that always wonder, original asking price was $449,000, so this does support the doomsday theory that more properties are selling under asking and the bottom is falling out, even if it was priced too high in the first place. Get to the right price and 95% of homes in San Francisco will still sell.
–380 Monterey #101 [MLS]
–Sunnyside [Tour de San Francisco (real estate) in the Sunnyside]