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January 9, 2009

Market Update: Pac Hghts, Cow Hollow, Marina

Today we take a look at these three neighborhoods, always popular with buyers. Here’s how these areas fared in the last quarter of 2008:

Pacific Heights
Single-Family Homes
2BR: $2,505,000 (1 sold)
3BR: $3,950,000 (2 sold)
Take note: Both the $3M and $4.9M 3BR homes that sold were on the market for 92 and 88 days, respectively. Not too bad for the current market.

Condos
1BR: $765,833 (6 sold)
2BR: $1,134,208 (12 sold)
3BR: $1,307,357 (7 sold)
Take note: The most expensive condo sold in the last quarter was a 2BR/2BA view unit on Broadway at Buchanan that had two-car parking, listed at $2M. The buyer paid $2,125,000 in the middle of November.

Cow Hollow
Single-Family Homes
3BR: $1,817,5000 (2 sold)

Condos
2BR: $842,000 (1 sold)
3BR: $1,772,500 (4 sold)

The Marina
No reported sales for single-family homes or condos.

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