Sellers Take Hits in the Heights

Posted On: Monday, January 17, 2011 - 6:00am | Posted By: Eileen Bermingham
Topics: Market Statistics | Tags: Ashbury Heights, Buena Vista, edgewood, parnassus heights | Neighborhood: Buena Vista / Ashbury Heights, San Francisco: Profile and Properties for Sale, Cole Valley / Parnassus Heights, San Francisco: Profile and Properties for Sale,

Two big sales closed last week, both for substantially less than their original asking prices. Though the sellers of these Cole Valley/Parnassus Heights and Buena Vista/Ashbury Heights properties were probably a bit deflated, I'm sure the homes' buyers ended up feeling pretty snappy. Here's how things went down:

226 Edgewood (right) is a 4BR/4BA home that hit the market at the end of October 2010 for $3.5M. The sellers did a price reduction in early December, resulting in a $3,150,000 list price. An offer was accepted shortly thereafter, and the final selling price was $2.9M.

Over in Buena Vista/Ashbury Heights, the 4BR/3BA home at 893 Ashbury came on the market in September 2010. The initial list price was $1,795,000, and the sellers made a couple major price reductions in the ensuing months. The sale closed last week for $1,385,000. Seems about right for a home with no garage.

 

Eileen Bermingham

Eileen specializes in representing buyers and sellers of single-family homes, condominiums, TICs and multi-unit buildings in San Francisco.
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