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October 13, 2009

SF Luxury Market Slides By in Q3

powell

Sales below $1M in San Francisco were the most popular in the third quarter. But a decent amount of homes did actually sell for above the $2M mark.

A total of 36 single-family homes sold from July-September 2009 for above $2M, with a bulk of them located in Pacific Heights. Average selling price was $3,714,054.

Only 11 condos sold in this price range, at an average price of $2,784,909. Several were located in the St. Regis and Millennium developments downtown.

One of my favorite of the sold properties was over at 840 Powell in Nob Hill (above). Yep, that’s the view from this New York-style, 3BR/3.5BA penthouse with two-car parking on the seventh floor. It was listed at $3.5M, and sold for $3,158,000 in July.

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