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56 Sotelo Avenue short sale closed

56 Sotelo Avenue

The 56 Sotelo Avenue was first listed with an asking price of $1,995,000, while it was purchased in 2007 for $1,900,000. The additional $95,000 is because the property was remodeled incorporating new wrought iron gates imported from South America amongst other updates. After spending ten months on the market, it was relisted and reduced for [...]

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One Rincon Hill high-rise apartment listed as short sale

One-Rincon-Hill

It’s been almost five years ago that One Rincon Hill opened its sales office door. At that time, with “One Gincon” signature cocktails in their hands, buyers lined up until late in the evening for the right to reserve a unit in the building. But 3 years after the owners moved into the high-rise apartment, [...]

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Luxury market prices drop in comparison with last year

According to the First Republic Prestige Home Index luxury home prices in San Francisco, San Diego and Los Angeles declined from year ago levels. The expert are afraid the current quarter will look even worse. The San Francisco’ bank quarterly survey reveals that the value of Bay Area’s luxury homes fell 1.3% in Q2 from [...]

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