April 25, 2008
Symphony Towers: 65% Sold / “Penthouse” Release This Weekend
According to the sales office, Symphony Towers is currently 65% sold (or in contract), 50% occupied, and will be releasing their “penthouse” units this weekend. That’s roughly 26 net new sales over the past four months with 46 left to move.
And while we missed it when it was originally reduced, and it’s now in contract, we’ll note that the list price on 650 Turk Street #T204 was reduced $40,000 (7.6%) which might suggest some room for negotiation on the remaining Symphony Tower’s inventory (which consists of both 750 Van Ness and 650 Turk).
UPDATE (4/28): According to a plugged-in reader the list price on 650 Turk Street #T204 was reduced $40,000 to reflect the unbundling of a deeded parking space (rather than a reduction in unit pricing).
First Published: April 25, 2008 10:30 AM
Comments from "Plugged In" Readers
I am no expert but 6 units a month doesn't sound like a bad average during the winter "slow time". I wonder what the average price reduction and/or incentives equal.
Posted by: JJ at April 25, 2008 10:47 AM
Weren't these units reasonably priced--around $400k? That may be the reason they've sold so well. I remember thinking, upon seeing one of their ads in SF Chron, that if they were in a different location, I would be interested.
Posted by: dkzody at April 25, 2008 11:26 AM
What are the prices for these units? Can you please post?
[Editor's Note: The SocketSite Scoop On Sales At Symphony Towers (750 Van Ness).]
Posted by: Spencer at April 25, 2008 11:27 AM
Posted by: will_h at April 25, 2008 4:05 PM
Today's Chron has an ad saying the penthouses will be $500K to $1m. They mention smaller units at $300k and up. Not too shabby.
Posted by: dkzody at April 26, 2008 5:55 PM
$40k is taken off of the purchase price for no parking - read it in the comments too
Posted by: eelmo at April 26, 2008 11:42 PM
This looks like spec condo building in the burbs..
Posted by: Michael L at April 27, 2008 5:27 PM