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March 9, 2010

Hayes Penthouse Hits Market With 2010 Optimism Intact


First sold in April 2009 by the sales office for all cash at $949,400, unit 816 at The Hayes is back on the market looking for its second owner at a refreshed price of $1,079,000.

The 2BR/2BA, 1530-square foot corner penthouse unit has western and northern views, and was the developer’s penthouse suite. HOA dues are $530, and include leased parking.

Of the two-bedroom units sold at The Hayes that were reported on the MLS, #816 would be one of the two most expensive. The other is #820, which sold for $1,250,000 in April 2008.

Has the market improved that much since April 2009? I will say that the San Francisco real estate market seems to be in a very different and improved place since this time last year. But whether a buyer will pay $130,000 less than a year later is up for grabs.

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