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.

3 thoughts on “Speaking of Price Cuts in San Francisco…”
    1. 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.”

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