Cooling real estate means some houses, even in seemingly bubble-burst-proof SF, see many a day on the market. You’d think then that the owners would be more interested in making a deal to get rid of these, their albatrosses. I know that such deal-making-readiness is not always the case, but those curmudgeon type owners will likely have to resign themselves to another month with no buyer. The more willing types, meanwhile, can sell and move on. And maybe you, if you’re the lucky buyer, can move in.
Here are a few aged listings then, of various ‘hood, style, and price, for your perusal:
1. 25 Balboa St.: 2/1.5 single family for $799,000. Might be some investment opp here as the building is zoned for 4 units. On the market for 89 days.
2. 451 Kansas St., #487: studio condo in The Potrero complex, which I wrote earlier, is hosting some kind of in-house first time buyer program. Not sure if this $399,000 listing would qualify, but you’d think so: it’s been on the market 50 days.
3. 252 Downey St.: Oh, to be in the income bracket to say “yay” or “nay” to this 2/3 luxury condo. At $2,300,000, it offers all mods con in a restored Ashbury Heights Victorian. Still, at almost $800 a sq.ft, perhaps it’s a bit rich even for the rich? It’s unsold in 46 days.
4. 25 Lucerne St., #2: 2/2.5 loft in a new towering SOMA complex. Very sleek, includes one car parking. Still, it’s steel and glossy surfaces (all yours for $919,000) have remained without loving new owner for 88 days.
5. 162 A 23rd Ave. In the Lake neighborhood, a sweet 1/1 TIC. By all photographic accounts and location considerations, this place is a gem. Yet it is the longest sitter on the list so far, with 121 days on the market! You’d think you could find some wiggle in the $475,000 asking price…
6. 12o1 California St., #3: a 1/1 stock co-op in a luxury high rise on Nob Hill. Nice views, 24 hour security, leased parking: yours for $599,000, and an HOA of almost $1000 bucks a month! Yay! They’ve been beating the crowds off this one for 143 days.