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In one month, only one home sold

REAL ESTATE | CYNTHIA TRAINA Where have all the single-family home sales gone? In February, only one single-family home closed in Pacific Heights, Lower Pacific Heights, Presidio Heights or Cow Hollow. The 1,763-square-foot Victorian home at 1829 Scott Street sold for $2.9 million and set a record per-square-foot price south of California Street at $1,645…

Fixer-uppers sell for millions

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…

Cash was king in October

REAL ESTATE | CYNTHIA TRAINA Cash buyers dominated local home sales in October. Of the 12 single-family home sales that closed in the neighborhood — in Pacific Heights, Lower Pacific Heights, Cow Hollow and Presidio Heights — 10 were cash purchases. Three notable fixer-upper properties changed hands: 2245 Union, zoned commercial but convertible to residential,…

Only 3 homes sold last month

REAL ESTATE | CYNTHIA TRAINA What a difference a month makes. Only three single-family homes sold in September in nearby neighborhoods — Pacific Heights, Lower Pacific Heights, Presidio Heights and Cow Hollow — compared to eight sold in August.  Reflecting the enduring appeal of living near shops and restaurants, all three homes were located within…

The highs and lows of August

REAL ESTATE | CYNTHIA TRAINA Billionaire’s Row has witnessed yet another record-breaking sale. The property at 2799 Broadway, which had been on and off the market since October 2019, with an initial asking price of $39 million, finally closed in August for just over $29 million. The new owners acquired the 11,600-square-foot home for $2,505…

Bidding wars and other myths

REAL ESTATE | NINA HATVANY There are many myths about the San Francisco real estate market — many of them not true. MYTH #1: Homes are still going for 10 to 15 percent above asking in bidding wars. The truth is, the competition for San Francisco condominiums and homes has drastically slowed down as inventory…