The real estate market in San Francisco has seen significant fluctuations in property values. A single-family home in the Marina District was sold for $3.725MM, lower than its 2015 purchase price of $3.825MM. Similarly, a duplex with an assessed value of $1.836MM was sold for $1.2MM. Additionally, a downtown two-bedroom condo purchased for $3.295MM in 2016 was sold for $2.325MM, and another condo with a $2,151 monthly HOA fee, bought for $3MM in 2011, was sold for $2.325MM in 2023. Moreover, a 20-story office building in downtown San Francisco, previously sold for $148 million in 2014, is now on the market for $80 million. The total value of homes in the city has fallen by around $60 billion since last summer, with one in eight homeowners selling at a loss. The five most expensive homes sold in 2023 started at $18.5 million.
The most expensive unsold homes in San Francisco in 2023 https://t.co/OSixkIYgfl
Starting at a cool $18.5 million, here are the five most expensive San Francisco homes sold in 2023. https://t.co/NoZY3L59HL
A lot of people in SF *don't* want abundant housing. https://t.co/1deHhu0ABc
San Francisco downtown condo with $2,151 monthly HOA fee Purchased in 2011 for $3MM Sold in 2023 for $2.325MM https://t.co/r5sJhm3LGg
San Francisco downtown two bedroom condo Purchased in 2016 for $3.295MM Sold yesterday for $2.325MM https://t.co/qYx4obsE8P
One in eight San Francisco homeowners is selling at a loss, and according to an analysis by Redfin, the total value of homes in the city has fallen by around $60 billion since last summer. Here's what an expert had to say about it. https://t.co/IcHb5HGMKl
The new normal for Commercial Real Estate (CRE): Yet another office building is selling for 50% less than it was last purchased for. A 20-story office building in downtown San Francisco last sold for $148 million in 2014. It just hit the market for $80 million, or 46% below… https://t.co/2lawf38H16
San Francisco duplex Assessed value for property tax: $1.836MM Sold this week for $1.2MM https://t.co/sPN8I9IDM1
The most expensive homes sold in San Francisco in 2023 https://t.co/Iip8L23A8q
San Francisco single family home in Marina District Purchased in 2015 for $3.825MM Sold this week for $3.725MM https://t.co/TcMb5EOnAv