SocketSite™

As we noted when we first reported the relisting of 310 Townsend #408 which had been purchased for $665,000 in 2007 and ended up selling short for $435,000 (36 percent below 2007) last month:

At the same time, the list price for the "regular sale" of 310 Townsend #108 has been reduced to $389,000 ($569 per square foot). The one bedroom was purchased for $525,000 ($768 per square) in 2007 as well, an effective drop of 26 percent at asking.

Yesterday, the apples-to-apples "Regular Sale!" of 310 Townsend #108 closed escrow with a reported contract price of $389,000, down $136,000 (26 percent) below 2007.

∙ Apples-To-Apples (And Short To "Regular") At 310 Townsend [SocketSite]
∙ A Short Apple Drops A Long Way At 310 Townsend [SocketSite]
∙ 310 Townsend: Available And Selling [SocketSite]