San Francisco's Luxury Mid-Century Neighborhood Soon Will Have Numerous Listings
on Thursday, February 25th, 2010 at 6:16 am
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The iconic San Francisco neighborhood at the very, very top of Clarendon Heights built in the late 1950’s and early 1960’s with street names like St. Germain Avenue, Mt. Spring Avenue and Palo Alto Avenue with panoramic bridge-to-bridge views and made famous in the 1962 film, Experiment in Terror, one of the first ’stalker’ films staring Lee Remick who’s character lived at 100 St. Germain Avenue will soon have a number of new listings hit the market practically all at once.
50 Palo Alto Avenue, San Francisco, California
My source tells me that both houses at #20 and #30 Palo Alto will be coming on the market as well as two other homes in the neighborhood. And the price range of the homes will be between $2.8million to over $4million. The most recent sales were two homes that sold in December. #50 Palo Alto was remodeled and asked $1.75mil and sold for over $1.87mil. And a custom 1950’s home belonging to the former owner of Hearth Real Estate on Castro Street was asking $1.595mil and sold for $1.7mil.
166 Palo Alto Avenue, San Francisco, California
The new prices are a far cry from those ‘bargins’. And with such an increase in supply, we’ll see what the overall effect will be. Is it just a Spring market increase or are some residents needing to ‘readjust their financial position’ in light of the ‘new reality’? Only time will tell. But, I’ll keep you posted.
All the Best,
Lance
415-793-6140