Symphony Tower: Courtyard
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).
Symphony Towers Update: 45% In Contract And Opening February 08 [SocketSite]

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Comments from “Plugged-In” Readers

  1. Posted by JJ

    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.

  2. Posted by dkzody

    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.

  3. Posted by Spencer

    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).]

  4. Posted by dkzody

    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.

  5. Posted by eelmo

    $40k is taken off of the purchase price for no parking – read it in the comments too

  6. Posted by Michael L

    This looks like spec condo building in the burbs..

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