I have a lot of friends curious about what is going on in the real estate market and wondering if they have a chance of buying something if they can’t pay all cash. So I thought I would evaluate what is for sale and what has sold in the last 30 days in Russian Hill, Nob Hill, Marina, Cow Hollow, and Pacific Heights.
For a one-bedroom condominium in those neighborhoods there are currently 12 active listings and 5 sold properties. Of the properties that sold 4 out of 5 of the transactions were cash. The three properties that sold for over asking price were on the market 14 days or less and the amount over asking ranged from $20,000 to $130,000 over. The two properties that were on the market 60 days or more, both sold under the asking.
My favorite property that Just Sold: 3825 Scott #306. It was located in the Marina district just a few blocks from the Palace of Fine Arts and Marina Greens. It was on the market for 14 days with a listing price of $599,000 and closed at $650,000. It was a top floor unit with hardwood floors, a beautiful kitchen, and a large bedroom with a walk in closet.
My Pick of the Week currently on the market is 2410 Pacific Ave #1 for $649,000. This condo offers the best bang for your buck! It is located on Pacific between Fillmore and Steiner St. This is a beautifully spacious 1-bedroom condo in excellent condition with deeded parking and a fireplace. You are walking distance from all of the trendy shops and restaurants located ½ block away on Fillmore Street. This place will be gone before you know it!
Listing Over 60 Days- Tired Listing of the Week
Just four streets over at 2200 Sacramento St #608 is a one-bedroom condo priced at $889,000. This place is priced way too high for what it looks like. What do you think?
Every month I will post what is currently on the market and at the end of the month I will follow up with how much it sold for. So stay tuned and test your knowledge on the San Francisco market!