Last week the press release went out for the sale of 222 Broadway #1505 across the bay at $1,100,000 touting the “First Oakland Million Dollar Condo Since October 2008” and including the following line:
“The last time more than one million dollars was paid for an Oakland condominium was in October 2008, according to the East Bay Association of Realtors.”
Both the Chronicle and Business Times ran stories based on the release but neither appear to have checked the basic premise (or facts). Plugged-in people, however, might recall the sale of 737 Second Street #405 which closed escrow for $1,675,000 (15% under its July 2008 sale price) over in Oakland in June 2009.
But hey, second isn’t so bad and that Second (the real first) was rather sweet.