The market is moving quickly in prime San Francisco neighborhoods, as I’ve recently noted. The latest example of purchasing prowess occurred at 482 Liberty, a 3BR/2BA condo with an amazing view and parking at Liberty and Rayburn.
482 Liberty went into contract within four days with a list price of $1,699,000. The all-cash sale closed yesterday at $1,850,000.
It’s really critical for buyers to get into highly desirable properties as soon as possible once these homes hit the market. There’s certainly a large supply of buyers ready to jump on the right place, and it’s not unusual to have a multiple-offer situation the day after the first open house.