Listed to Luxe in Under 30 Days

2601 Broadway Terrace -- $11 million, going gone

Actually, in the case of 2601 Broadway Terrace, the 9,700 sf, 7 BR 6 BA beauty shown above, $11 million was enough to take the property from “Just Listed” to “Sold” in — zero days.  For moving that fast, the buyer get a cool $950,000 off the asking price.   — Proving once again that time is money, at least for those who have the latter in buckets.

The full story is more complicated.  It was originally listed back in February 2009 for $13.5 million.  It’s been on and off the market ever since — with a fresh   start date for that “Days on Market” statistic each time it was put back on.  Last time’s the charm…. Continue reading “Listed to Luxe in Under 30 Days”

The 2011 San Francisco Residential Wrap-Up: Things Are (Are Not) Looking Up

 

 

Where do you think the market went in 2011?  Come on.  Take a guess.  If you believe my own SF Association of Realtors “stronger affordability conditions, a lower cost of owning versus renting, and declining foreclosures, continue to steer the San Francisco housing market in a positive direction.” [January 2012 Market Focus Report].

“Continue.” Now that’s reassuring.  Continue reading “The 2011 San Francisco Residential Wrap-Up: Things Are (Are Not) Looking Up”