SF: Why Won’t These Homes Sell?

Almost time to snuggle up to some good, old fashioned presidential debates. Before I go- and you go- here are a few possible side effects of the ecomomic downturn, sure to a topic du jour for the candidates. Yep, these are houses that  just can’t sell, even here is SF where real estate has historically been hot, hot, hot.

84 Riverton Dr. : Lakeshore 3/2 SFH with 2 car garage, yard, and unwarranted rooms down for possible rental income. Yes, the kitchen looks like something from the set of The Brady Bunch (complete with round formica table for earnest family discussions), but lots of people want to remodel their own kitchens anyway– and you could do that here. On the market 63 days.

169 Grand View Dr: Twin Peaks does offer the grand views and this 2/1 cottage has panoramic potential (I mean, since no view is pictured, I assume you could get one by walking across the street). This is a small cottage, less the 800 square feet, but purports to be a contractor’s dream or investment opp. It sold for $750K in ’05; now offered for $599K, on the market almost a year.

Here’s a West Portal classic at 319 Vicente St. This is a 2/1 SFH, gorgeous wood floors, lots of light, and unwarranted bonus rooms for more space and/or rental income. Plus a garage. Offered at $899K, this by all accounts very desirable place has been on the market 57 days.

Up in Ashbury Heights houses are lingering as well. But of course, prices haven’t come down much up there, since it’s such a posh neighborhood (its another one with amazing views too). Here is a 3/2 SFH at 20 Loma Vista Terrace: total mansion facade and interior, fully landscaped, includes garage, sun room, deck… you know, the good life.  And all for $2,250,000. Hasn’t been snapped up yet though, after 119 days.

You get where I’m going: homes are sitting, and sitting, and sitting– and not just in Bayview either; they linger all over the city. If you’re in the market to buy, check Redfin’s 45 day+ search feature to peruse listing ripe for the picking.

Photo, and debate story: ABC News