Tastefully, and eco-consciously remodeled 12th Floor one bedroom, one bathroom unit with amazing views of San Francisco in The Crown Towers – an exquisitely maintained & managed elegant Art Deco CO-OP Building built in 1926, and located just two blocks from Union Square.
Hope everyone had a great Thanksgiving! I know I did. Back to the grind…
With the grind comes daily ganders at all things San Francisco real estate, and today is no exception. Check out this this Nob Hill Co-op apartment at 1333 Jones topping our weekly list of underbids (because they do exist).
Listed just under $1.5M and sold for $1.3M… that’s gotta put a smile on your face. The $200,000 savings can put an Audi R8 in your garage (it is holiday season after all), or your kids through San Francisco pre-school (go with the R8). :-)
Hey look! Two other full service bachelor pads also sold under asking recently: one at the Four Seasons and the other at the Ritz Carlton. Underbid by about 8% after being on market for 339 and 227 days respectively. Wowza…
Anywho…the weekly top 10 list of Underbids for your Monday viewing pleasure:
|1333 Jones #801||1/1.5/1||$1,495,000||$1,300,000||-13.04 %|
|2955 Pacific Avenue||3/2/1||$4,100,000||$3,650,000||-10.98 %|
|2535 Vallejo Street||3/3.75/2||$6,275,000||$5,600,000||-10.76 %|
|956 South Van Ness||4/3.5/2||$2,995,000||$2,674,000||-10.72 %|
|3283 25th Street||2-4 Units||$1,788,000||$1,615,000||-9.68 %|
|765 Market Street #27B||1/1.5/0||$1,550,000||$1,415,000||-8.71 %|
|690 Market Street||1/2/1||$1,150,000||$1,050,000||-8.70 %|
|3236 Scott Street||5+ Units||$2,450,000||$2,250,000||-8.16 %|
|825 Rhode Island Street||4/3.5/1||$1,895,000||$1,750,000||-7.65 %|
|1069 Capp Street||5+ Units||$1,799,000||$1,675,000||-6.89 %|
These charts show the breakdown of San Francisco home sales as reported to the city’s Multiple Listing Service, year to date 2015. We picked this period, because generally speaking prices appreciated again in late winter/ early spring 2015. These analyses are sorted by city districts and neighborhoods by the number of transactions in different sales-price segments. Note that median sales prices will change every time the time period or neighborhoods included in an analysis change.
The first chart below the San Francisco neighborhood map is an overview for the entire city.
These 2 charts below track San Francisco luxury home sales by price range and neighborhood. Rather arbitrarily, we designate the luxury segment as those condos, co-ops and TICs selling for $1,500,000 or more, and those houses selling for $2,000,000 and above. Considering the appreciation of the market in recent years, we may have to adjust those thresholds soon.
As always, if you have further questions, just shout.
I know you’re all like me, you drive around town looking at all the wonderful, insanely expensive property we have here in San Francisco. I know you wish you knew how many of the properties you see were single family homes, how many are condominiums, how many are big ol’ properties of which you’d love to be the landlord (or maybe you already are). My company came up with this nice little pie chart for all y’all. Enjoy: