As we outlined again in April:
Bought for $2,305,000 in February of 2019, the two-bedroom, two-bath unit #3G at 288 Pacific Avenue, throughout from The Battery in Jackson Sq., returned to the market priced at $2,538,000 [in June of last year], a sale at which might have represented complete appreciation of 10.1 % for the “meticulously maintained” luxurious unit for the reason that first quarter of 2019 or simply 4.3 % per 12 months.
Along with 11-foot ceilings in the principle room, the 1,301-square-foot condominium is outfitted with flooring to (close to) ceiling home windows, extensive plank European oak flooring, customized oak cabinetry, and a parking house within the constructing’s storage.
And having been relisted anew for $2,350,000 [in February], the asking worth for 288 Pacific #3G has simply been decreased to $2,285,000, a sale at which might be thought of to be “at asking” in keeping with all business stats, regardless of being 10 % beneath final 12 months’s asking worth and expectations, and down $20,000 on an apples-to-apples foundation.
Additional decreased to $2,185,000 and relisted anew with “1” day in the marketplace this previous June, the sale of 288 Pacific Avenue #3G has now closed escrow with a contract worth of $2,000,000, down 13.2 % from the primary quarter of 2019 on an apples-to-apples foundation. And sure, the extensively misreported Case-Shiller Index for “San Francisco” condos was up 15.0 % over the identical time period.
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