Homes priced at $3 million to $5 million in San Francisco’s exclusive Pacific Heights neighborhood “fly off the shelf,” says Pacific Union broker Steve Gothelf.
And according to Katherine August-deWilde, COO at San Francisco-based First Republic Bank, “Demand for homes over $3 million is extremely strong and people who can afford that price had a good year with investments, the stock market and the entertainment business… We have many clients who bid on homes and don’t get them.”
So you’ve been warned! If you have your eye on 101 Maple Street (shown above, priced at $3.995 million), 2430 Scott Street (for $3.995 million), or 3022 Washington Street ($4.85 million), you better call your broker and put in your bid. Those are the only homes on the market in Pacific Heights or Presidio Heights priced between $3 and $5 million.
- Article: “Slump Skipping Luxury Homes” [Bloomberg]