Luxury condos boost late summer sales

VIDEO: Grand opening of The Pacific condos at 2121 Webster on September 15.

REAL ESTATE | PATRICK BARBER

The period before Labor Day is typically a slow time for real estate. But this year was a lot busier, thanks to new condominium buildings that have been opening across San Francisco’s northern neighborhoods.

There were 32 condominium sales in Cow Hollow, Lower Pacific Heights, Pacific Heights and Presidio Heights between mid-August and mid-September — almost three times as many as the same period last year.

Three more units recently sold at the LuXe, a seven-story, 34-unit building at 1650 Broadway between Van Ness and Franklin. Two nearly 1,500-square-foot, three-bedroom condos in the building sold on the last day of August, one for $2.1 million and the other for $2.5 million. Also that day, a three-bedroom penthouse in the building fetched $5.1 million.

The Pacific, another new building located just steps from the heart of upper Fillmore at 2121 Webster Street, saw two big ticket sales recently, with two three-bedroom units selling for $6.2 million and $9 million. One of the penthouses in The Pacific has also closed, with a selling price of $11.5 million.

EARLIER: For buyers with cash, condos promise cachet

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