Speaking of active listings for properties in San Francisco with at least one reduction, the percentage of which has just hit a three-year high, the list price for the 1,136-square-foot, two-bedroom unit #309 at 72 Townsend Street, which also comes with a private 605-square-foot terrace and a deeded parking spot in the building’s garage, was reduced to $1.498 million last month.

That’s down from a list price of $1.599 million in July, which was reduced from $1.675 million in May, and versus a purchase price of $1.595 million in the fourth quarter of 2015 (which is 6.1 percent more than the price at which the South Beach condo has been listed for a month).

And yes, it was around the same time last year, prior to all the IPO hype, when the two-bedroom unit #502 at 72 Townsend resold for 7.5 percent under its 2015 price on an apples-to-apples.

Comments from Plugged-In Readers

  1. Posted by haighter

    The apartment and the terrace look very dark.

    • Posted by two beers

      no, I’m sure it’s haunted, or it has bad feng shui, or it’s not the real San Francisco, or my favorite, “the last buyer overpaid.”

      • Posted by 94107er

        well, the bamboo is higher now, that must be it right?

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