REAL ESTATE | PATRICK BARBER
Single-family home sales in the neighborhood reached a decade low during the last month, with only one single-family home selling in Pacific Heights, Lower Pacific Heights, Presidio Heights and Cow Hollow from mid-June to mid-July.
The summer months are traditionally the slowest time for real estate activity in San Francisco. But even by seasonal standards, market activity this summer has slowed considerably, with single-family home sales in the neighborhood declining to the lowest level since the housing market bust in 2008. The prolonged shortage of offerings on the market in the city is largely to blame for declining sales.
The one property that did change hands is an impressive example of modern architecture and amenities. The home at 2833 Vallejo Street (above and below) sold for $17 million in late June. Just completed this year, the ultramodern residence also offers picture-perfect views from its roof deck of the Golden Gate Bridge and the Palace of Fine Arts.
2833 Vallejo Street
Filed under: Real Estate