Purchased for $695,000 in May of 2015, the top-floor, junior one-bedroom “penthouse” unit #813 at 45 Bartlett Street (a.k.a. Vida, “in the heart of the bustling Mission District”), returned to the market priced at $688,000 in May of last year.
Withdrawn from the market in July of last year, the 494-square-foot corner unit with “massive VIEWS of the city” and access to a shared rooftop deck and BBQ, returned to the market priced at $587,000 early last month.
Further reduced to $549,000 at the end of last month, an “at asking” sale would now represent a net 21 percent drop in value for the modern Mission District condo, below its 2015 price, despite the fact that the widely misreported index for “San Francisco” condos values is “still up 25 percent!” over the same period of time.
If you think you know the market for the Mission, now’s the time to tell