As we wrote about 70 Williams last month under the headline of “A Single-Family In The Threes (But Expect At Least As Many Offers)“:
So Williams isn’t the most scenic of residential avenues in San Francisco. But it is near the 3rd Street Muni line. There is development in the area. And 70 Williams is a single-family home that’s asking $349,000 and looks to be in good, albeit a bit dated, shape.
Today, the sale of 70 Williams closed escrow with a reported sales price of $450,000 ($360 per square foot). Yes, that’s 29% over asking but closer to 3% above the median price per square foot for surrounding single-family homes in 2008 (based on 208 sales). And it’s still 24% below said median in 2005 (based on 182 sales).
The year-to-date median price per square foot in zip code 94124 is, however, currently running at $276 (based on 55 sales so far).
∙ A Single-Family In The Threes (But Expect At Least As Many Offers) [SocketSite]