Market Activity on Francisco Street...

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Two new condos are active in North Beach.The first, 444 Francisco, #201 is a 1 bedroom condo, weighing in at just over 600 sq feet (611 per tax records).Its marketing touts that it is a sunny, south facing unit—which in this building means that it faces the street.This block of Francisco Street is very quiet and lovely.This is also one of the nicest condos I have seen in this building.It’s a good value in a great neighborhood.The second new condo is 445 Francisco St, #502—just across the street in the Malt House.This is a lovely, very large 3 bedroom, 2 bath condo.It also has 2 parking spots.The views from this condo are great—from the Golden Gate Bridge, sweeping across the Bay to Alcatraz.Some of the details in this home make it terrific—a great layout separating public spaces from the bedrooms, and a nice walk-in pantry off of the kitchen.The Sellers current asking price is $1,275,000, down from its original price of $1,275,000.

Well priced condos that look terrific and well presented to the public are still selling throughout the city.Homes that are over-priced and/or that don’t show well often sit on the market—eventually to be pulled from the market.An example: recently a condo that had been on the market for 3 months at 629 Chestnut, priced at $775,000 was pulled from the market.Another condo in the same building priced at $650,000 and is currently in escrow.(Yes, there are differences between these two condos, but one was priced too high!).