When someone decided to put up a nicely located, stylish, newer Tree Section home at $4.6m, we figured we'd have some time to discuss and debate the listing.
Nope.
850 18th was put on public offer just 2 weeks ago, on April 1, and it's already in escrow. (No joke.)
It's another dramatic case of the persistent demand…
When someone decided to put up a nicely located, stylish, newer Tree Section home at
$4.6m, we figured we'd have some time to discuss and debate the listing.
Nope.
850 18th was put on public offer just 2 weeks ago, on April 1, and it's already in escrow. (No joke.)
It's another dramatic case of the persistent demand for higher-end listings in town.
850 18th is just 2 years old, and offers 6br/6ba and
5950 sq. ft. The lot is a comfy 8,000 sq. ft.
And where do you start with the superlatives? Lush. Posh. Gigantic. Highly stylized (in a Spanish vein). You could melt into this home.
(Click the smaller pics for larger versions.)
Yum.You hear it said that the best homes are going to just keep selling regardless of broader conditions. Here's some supporting evidence.
Nearby,
826 18th, a 10-year-old, slightly larger home (6br/5ba, 6175 sq. ft.), sold for
$4.45m in April 2007.
1718 Pacific, a 2003 rebuild with a (comparatively) huge 10,000 sq. ft. lot plus a 5br/4ba, 3550-sq.-ft. home, sold for
$4.037m last November.
So, the folks coming into the immediate area find
$4m+ to be the norm for big homes on big lots in the Trees. And while you know that these are not mainstream homes or buyers, there's no doubt that these sales help to anchor the MB market, skewing everything upwards. If you're selling, that seems like great news. If you're buying, you need to understand how dramatically the market is bifurcating as we speak.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 9:48pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.