CFAH

While we typically won’t feature an “apples-to-apples” sale if the outcome is already known, we are partial to year-over-year data points, especially with respect to units that are typical of a neighborhood.
Purchased for $1,100,000 in April 2011, the renovated two-bedroom and one-bath Marina condo at 3446 Scott Street returned to the market this past March listed for $1,169,000, the price at which it closed escrow last month, up 6 percent on year-over-year basis.

Comments from Plugged-In Readers

  1. Posted by eddy

    Up 6%! Whoever bought this must be high. Ok, bad joke since it closed escrow on 4/20 🙂 It is a bit surprising to see any condo apple showing appreciation. Still a tough market.

  2. Posted by Lance

    This post is 8 hours old, and there is only one response…bears must be hibernating 😉
    In all seriousness, I’m actually not that surprised. This is a condo in a desirable area that was purchased when the the market still close to bottom, and the economy and consumer sentiment sucked….at least more than it does now. Interest rates are also still super low. The $1.1M price for a 2/1 condo is a bit steep for my taste, but it is in a good location.

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