REAL ESTATE | CYNTHIA TRAINA
Typical of the holiday season, there was a slowdown in sales in December. Only four single-family homes closed in the neighborhood in December, compared to seven homes in November and 12 in October. Sales ranged from $2.4 million for 2660 California, which needs significant renovations, to $8.35 million for 2610 Pacific, a fixer-upper with bay views. The Pacific Avenue property was back on the market after selling for $50,000 more.
As for condos and co-ops, 20 units closed in December, with most selling close to or a bit over their asking price, except for those on the market more than several months. The least expensive was 2925 California #6, which sold for $750,000. The most expensive was 2955 Jackson, which sold for $3.3 million.
Fresh listings: In early January, inventory remains limited, with many sellers reluctant to put their properties on the market during the holidays. There are 11 single-family homes listed. Of the 30 condo and co-op listings, 11 have come on the market within the past 30 days, or are coming soon. Noteworthy is a $30 million penthouse at The Pacific at 2121 Webster, the former dental school, now a luxury development. Despite its high price, this penthouse faces south and east, with no views of the bay.
Cynthia Traina is a residential realtor with Vantage Realty. Contact her at CT@cynthiatraina.com.
Filed under: Real Estate