As we noted when the 672-square-foot, “once-in-a-lifetime” unit #306 at 1075 Market Street (a.k.a. “Stage 1075”) was quietly listed for 26 percent less than its 2018 price back in June, the 672-square-foot unit #706, a few floors up, was still on the market despite having been listed for 29.7 percent less than its 2019 price this past May.
Since further reduced, twice, the list price for 1075 Market Street #706 is now down to $625,000, an “at asking!” sale at which would be 36.2 percent below the $979,000 paid for the one-bedroom condo in a boutique building with a lobby attendant, virtual doorman and an enviable rooftop deck, back in February of 2019.
If you think you know the market for entry level condos in San Francisco, now’s another chance to tell.
Keep in mind that the 672-square-foot unit #606, a floor below, sold for $625,000 at the end of last year, which was 29.1 percent below its “once-in-a-lifetime” price in October of 2018, while the quiet listing for unit #306 at only 26 percent less than its 2018 price was quietly withdrawn from the MLS without a reported sale.