Articles Filed Under: RealRecentReductions

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New Construction Price Cuts in Hayes Valley

New Construction Price Cuts in Hayes Valley

With the sales office having been open since March and contracts for roughly 60 percent of the 61 condominiums that are finishing up construction at 388 Fulton Street having been signed, prices for the unsold units have just been reduced by up to 6 percent. While the marketing copy... Read More »

Landmark Berkeley Castle Price Cut $500K

Landmark Berkeley Castle Price Cut $500K

Having hit the market on the last day of March listed for $5 million, the asking price for the landmark Berkeley castle at 2900 Buena Vista Way, which was modeled on a 13th-century French monastery and built in 1929 for the son of James Hume, whose father was the... Read More »

Iconic Flintstone House Now Listed for a Million Less

Iconic Flintstone House Now Listed for a Million Less

Having hit the market listed for $4.2 million ten months ago, “priced for somebody who really wanted the quirky 2,730-square-foot home rather than a developer or individual looking for a nearly 2-acre lot upon which to build a much larger Hillsborough house,” the asking price the iconic ‘Flintstone House’... Read More »

Russian Hill Platinum House Price Reduced $1.75 Million

Russian Hill Platinum House Price Reduced $1.75 Million

Listed for $11.25 million, or just over $2,000 per square foot, two months ago, the asking price for the designer Russian Hill home at 1209 Filbert Street, which is LEED Platinum certified, has just been reduced to $9.5 million ($1,693 per listed square foot). Designed by John Maniscalco, the... Read More »

A $2 Million Cut for One of the Three on That Coveted Block

A $2 Million Cut for One of the Three on That Coveted Block

Speaking of listings in San Francisco for which the asking price has been reduced at least once, the list price for the remodeled Pacific Heights home at 2480 Broadway has just been cut by $2 million (13 percent) in one fell swoop. They’re now asking $13.5 million for the... Read More »

Another Big Cut for That Gutted Four Seasons Super Unit Shell

Another Big Cut for That Gutted Four Seasons Super Unit Shell

Asking $5.95 million at the end of 2014, the 2,757-square-foot unit #22A on the twenty-second floor of the Four Seasons Residences was subsequently gutted and reduced to a shell following its approval to be merged with the adjacent unit #22B and create a 3,600-square-foot “super unit”. And its price... Read More »

Price Reductions for Homes in San Francisco Hit a Four-Year High

In a trend we first noticed forming a year ago, the share of active listings for single-family homes and condos in San Francisco for which the original list price has been reduced at least once has ticked up to 20 percent versus 15 percent at the same time last... Read More »

Another Big Reduction for a Silicon Valley Estate with Parking Galore

Another Big Reduction for a Silicon Valley Estate with Parking Galore

On the market for $23.995 million last year, the list price for the Los Altos Hills home with nearly 17,000 square feet of living space at 11627 Dawson Drive was reduced to $18.95 million four months ago. And this morning, the list price for the property was cut another... Read More »

$3 Million Cut for Modernized Pac Heights Mansion

$3 Million Cut for Modernized Pac Heights Mansion

Having quietly hit the market priced at $28 million last year, the asking price for the recently modernized Pacific Heights mansion at 2250 Vallejo Street has just been reduced by $3 million (10.7 percent). But at $25 million, it remains the second most expensive home officially listed for sale... Read More »

Stunning Telegraph Hill Penthouse Now Listed at a Loss

Stunning Telegraph Hill Penthouse Now Listed at a Loss

Having been newly remodeled and renovated, including an all-new designer kitchen, bathrooms and interior design, the penthouse condo at 341 Filbert Street – which offers big Telegraph Hill, Bay Bridge, and skyline views – sold in three weeks for $5.5 million, the price at which it was listed, in... Read More »