Pacific Heights or Bust!

Some buyers only desire a Pacific Heights address. Tony Pacific Heights sits at the north end of the city, bounded by Presidio Avenue to the west, Van Ness Avenue to the east, Green Street to the north and California Street to the south. In the last twelve months, 30 homes were sold in Pacific Heights for an average price of $7,729,617 averaging 47 days on the market. The most expensive home sold for $31M and the least expensive home sold for $2,660,000. On average, the homes sold for 4% less than their list price. Of the 19 homes that reported their square foot size, the average price per square foot was $1727.

Taking a look at condos, 127 condos sold in Pacific Heights in the last twelve months for an average price of $1,654,895 averaging only 25 days on the market. The most expensive condo sold for $4,500,000 and the least expensive condo sold for $530,000. On average, they sold for 10% over their list price. Of the 93 condos that reported their square foot size, the average price per square foot was $1,180.31.

Pictured above is the highest priced home that sold in Pacific Heights for $31M at 2701 Broadway Street. What do you get for this amount of money? It has panoramic views from the Golden Gate Bridge to downtown SF. It is a fully restored 1910 home which balances classic architecture with modern style. It has 5 levels which are over 16,000 square feet. It has 7 bedrooms, 7 full baths as well as 2 kitchens, 2 family rooms, 2 offices, 3 rooftop terraces, a basketball court and a 2 car garage. Interestingly, this home sold for $5,500,000 in 1998 before it was fully restored and occupied by Delancey Street Foundation. At that time, its address was 2563 Divisadero. With a change of address to Broadway and a huge restoration, the property multiplied its appreciation by a factor of 6 in less than 18 years!

If you are looking for a home or condo in Pacific Heights, don’t hesitate to give me a call!

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