With all of the recent rumblings about the slowing down of the super-hot San Francisco luxury market, we wondered how the four-bedroom home at 2374 Greenwich Avenue would fare when it hit the market at the beginning of November. The home had sold just last year for $4.9995 million, but its tech exec owner quickly decided to move on to a Tiburon estate and put it back on the market for $5.495 million. The ask was a jump of about half a million in a year. The luxury market must not be dead yet, because not only did the place go into contract in just five days, it sold for $5.995 million. Yes, that's nearly a million more than last year even though the house underwent few changes in that time.
The house managed its big sale despite a location backing up to Lombard Street. It was beautifully staged and used some of San Francisco's spectacular autumn sunsets as a major selling points in its listing photos. But buyers likely fell in love with the more permanent aspects of the home like its elegant street presence and the roof deck with views of the Golden Gate Bridge. The deal wrapped up just three-and-a-half weeks from the time the home first popped on the market.
· Modernized Cow Hollow Home With Character Wants $5.495M [Curbed SF]
· 2374 Greenwich Street [Redfin]