The Latest Old Watermark Comp: 5% Under Asking (33% Under 2006)
As we wrote this past December: While the bank owned 501 Beale #1D remains active and available, the bank owned #6C just hit the market. A South Beach comp at…
Still Not Cheap (But Cheaper) At The Brannan: 219 Brannan #10D
As we wrote in February: Purchased new for $1,007,000 in November 2000, the two-bedroom Brannan condo #10D at 219 Brannan appears to have been flipped four months later for $1,300,000.…
318 Winfield No Longer “Bank Owned” (But Reduced)
As we wrote last month: Purchased for $1,050,000 in March 2005, the listing for the remodeled Mid-Century modern three-bedroom Bernal home at 318 Windfield suggests it’s now bank owned (but…
A 7 Percent Slide From 2005 To 2009…But Up 8 Percent Since?
Purchased for $860,000 in May 2005, the renovated single-family home at 1409 20th Street returned to the market as a “pocket listing” asking $949,000 in early 2009 before being listed…
A Winner’s Curse That Has Yet To Be Cured
As we wrote this past August: A renovated Victorian at 819 Haight Street hit the market in 2005 asking $1,395,000, it sold for $1,635,000 ($240,000 over asking). No word on…
Green Apples-To-Apples To Be At Arterra: 300 Berry #514
While 300 Berry #514 has been “lovingly decorated…with artwork, wall coverings, custom paint colors and fine appointments” we’ll still call it a “green” apples-to-apples pair of sales to be. Purchased…
2004 To 2010 (And Bank-Owned) For 2040 Franklin #1008
Looking a little less empty (and staged) than when purchased for $610,000 in October 2004 (“Beautifully renovated condo…Granite counters in kitchen, top of the line appliances, remodeled baths, excellent outlooks,…
The Toy Factory Produces An Apple (1 Rausch #H)
The sale of 1 Rausch #H closed escrow on Tuesday with a reported contract price of $1,400,000 ($576 per square). Purchased for $1,380,000 in August 2005, we featured it last…
Bank-Owned Competition In Action At The Beacon (250 King)
On the market for 152 days and now vacant, the list price for the bank-owned 250 King Street #636 has just been reduced to $319,770 ($447 per square foot). The…
Another Bank-Owned Watermark Apple Falls Into Our Cart
As we wrote this past November: Of 83 new listings in San Francisco over the past week, 30 (36%) are either bank owned (16) or seeking a short sale (14).…