As the apples-to-apples “Regular Sale!” of 310 Townsend #108 closed escrow earlier this month selling for 26 percent ($136,000) under its 2007 purchase price, the “short sale” of 310 Townsend #411 closed escrow this past Friday with a reported contract price of $575,000.
Call it 29 percent ($235,000) less than the $810,000 which was paid for the 835 square foot one-bedroom back in 2007 when the condo hit the market priced at $865,000.
UPDATE: Two Percent Annual Appreciation Since 2007, With A Bit Of Volatility Between.