Purchased for $2,000,000 in June of 2004, 2203 Broderick in the heart of Pacific Heights returned to the market with a remodeled bath in October of 2008 asking $2,395,000. Reduced to $2,195,000 in November, and now asking $1,975,000 as of nine days ago.
A sale at asking would represent zero appreciation over the past four and one-half years. But do avoid the temptation to see that as “prices in Pacific Heights have been holding steady since 2004” versus having risen and are now falling since.
∙ Listing: 2203 Broderick (3/2) – $1,975,000 [MLS]