1188 Lombard

An exciting week in Bagdad-by-the-Bay, I toured the Mediterranean Villa at 1188 Lombard which is nice but the owners’ art collection is fantastic. And, I thought it extremely interesting that he/she is moving into the Millenium Tower on Mission Street from this ‘oh-so’ upscale address on Russian Hill. Looks like they’re moving to where the ‘action is’. Good for them and good for the City.

1896 Pacific Penthouse Suite

I went through the penthouse 1 bedroom condo at 1896 Pacific asking $4,495,000 and was a bit confused by the floor plan but expect this one to go to someone as a peit-a-terre. It has great decks and views and would be a great party pad but I’m not so sure about that price tag. It’s a ’spec’ for a local stager. Only time will tell on the pricing.

465 Hoffman

Over in Noe Valley, the second house in less than a week priced at $3million plus has gone under contract. That just continues to show you the strength of the market on the South side of the City. This is also the area that is projected to have the biggest appreciation going forward from the reading I’ve been doing. Location, location, location which is attached to all those jobs down the peninsula and in the fast growing pharmaceutical circle around the UCSF Medical Research campus. Looks to me like the energetic center of the City is really shifting this time……if those hob-nobbers on the Northern Hills are leaving for the Southland with a Mission Street address you know something is different.

245 Randall

The lower end of the spectrum is moving too….245 Randall asking $799,000 had 7 confirmed offers on Tuesday afternoon. Woo hoo!

That’s a short re-cap.

All the Best,

Lance