I've mentioned before that Dick and I love to go out for long walks on Sunday afternoons to check out Open Houses in our neighborhood. It's a great way to see some great architecture, get design ideas, and to keep up to date with the market.
Recently, we've been noticing that a lot of houses have been listed over $2 Million. There's still plenty of condos/TICs under or around $1 Million, but a lot of SFHs seem to be going into the $2 Million Plus range.
That's a ton of dough.
In the past couple of weeks, we've seen these two properties, each listed in the $2.5 Million range:
76 Caselli
4419 19th Street
These are both very nice, very large houses, with really beautiful choices of materials and good workmanship. After seeing both of these properties, I told Dick that the new going rate for a "done" SFH in the neighborhood must be $2.5 Million.
But wait, there's more!
Yesterday, I drove by this property, and just saw the listing for it:
4226 25th Street
Listing price: $2,950,000.00
Maybe $3 Million is the new price point?
Who can keep up with it.
...and who's spending that kind of money?
What real estate recession?
San Francisco real estate is crazy.
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