Articles Filed Under: RealRecentReductions

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Another Couple Cuts for Famed Restaurateur’s Wine County Estate

Another Couple Cuts for Famed Restaurateur’s Wine County Estate

As we first outlined back in January: Built for the famed San Francisco restaurateur, Pat Kuleto, in 1995, the 6,000-square-foot “Villa Cucina” sits on 40 acres of prime wine country land, 4.5 acres of which are planted with mature Cabernet, Zinfadel and Muscat vines. As one would expect, the... Read More »

Serenity Now Listed for 54 Percent Less

Serenity Now Listed for 54 Percent Less

Having hit the market priced at $42 million back in early 2015, the list price for the 101-acre Alamo estate at 10 Serenity Lane was reduced to $35 at the end of that year and then to $28 million in the first quarter of 2016. In addition to a nearly... Read More »

Inventory Levels Drop in San Francisco but Still up Year-Over-Year

While the number of homes officially on the market in San Francisco dropped 10 percent over the past week with typical seasonality in play, inventory levels remain 2 percent higher on a year-over-year basis and sales are down. At the same time, the percentage of listings which have undergone... Read More »

Rare Yerba Buena Terrace Unit Drops Below its 2015 Price

Rare Yerba Buena Terrace Unit Drops Below its 2015 Price

Purchased for $1.515 million in September of 2015, the upgraded 1,400-square-foot Yerba Buena Loft unit #523 at 855 Folsom Street, which was designed by Stanley Saitowitz and is “one of the area’s most sought after addresses,” is outfitted with two bedrooms, two baths, a private 400-square-foot south facing terrace... Read More »

Newly Reduced at the Ritz (To 35 Percent Below Its 2015 Price)

Newly Reduced at the Ritz (To 35 Percent Below Its 2015 Price)

As we outlined earlier this year: Purchased as new for $1.53 million, or roughly $1,284 per square foot, in early 2008, right as the Great Recession was picking up steam, the two-bedroom Ritz-Carlton Residences unit #1702 at 690 Market Street returned to the market in early 2015 priced at $1.75... Read More »

Reductions on the Rise as the Pace of Sales Slows in San Francisco

While the number of homes listed for sale in San Francisco slipped 4 percent over the past week with typical seasonality in play, inventory levels are running 3 percent higher on a year-over-year basis as the pace of sales has dropped, a trend which shouldn’t catch any plugged-in readers... Read More »

A Once in a Lifetime Opportunity Returns, Reduced

A Once in a Lifetime Opportunity Returns, Reduced

Designed by Alan Page and built on a nearly one-acre lot “in the heart of Lafayette’s sought–after Happy Valley,” the roughly 6,000-square-foot home at 22 Toledo Court boasts “elite craftsmanship, state-of-the-art technology, elegant lines and quality finishes throughout,” with an infinity-edge pool, outdoor fireplace and a covered loggia adjacent... Read More »

Officially Over Asking at the Oriental Warehouse

Officially Over Asking at the Oriental Warehouse

Purchased for $1.125 million in 2006, the 1,548-square-foot unit #218 within the Oriental Warehouse at 650 Delancey Street was subsequently remodeled and now sports a modern kitchen and two remodeled baths. Eight months ago, the two-bedroom unit, which comes with two deeded parking spaces and secured storage in the... Read More »

Pace of Home Sales in San Francisco Continues to Drop

While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels have ticked up 16 percent over the past two weeks and are now running 4 percent higher than at the same time last year. At the same time, the percentage... Read More »

Looking for an Incentive to Purchase a Penthouse Shell?

Looking for an Incentive to Purchase a Penthouse Shell?

Technically it’s not a price cut, the prevalence of which has been on the rise in San Francisco, as the list price for the 5,700-square-foot penthouse shell #41A atop the LUMINA tower at 201 Folsom Street remains at $11.495 million. But the listing notes for the two-level unit have... Read More »