Condominium sales were down down dramatically, year over year (March 2008 vs. March 2007).

The most expensive condominium to close escrow in March 2008 was the "rarely available TOP TOP FLOOR Four Seasons penthouse apartment" at 765 Market Street, #G. Aside from the amazing views from the 41st floor, it also boasts:

"2 master suites, maid's quarters with separate service entrance, 10'+ ceiling heights, formal dining/office/library, upgraded gourmet kitchen, Brazilian Cherry hardwood floors." - San Francisco MLS

It was listed for $8,975,000 and closed for a price which has been withheld. Regardless, no other condominium closed above $2.7m.

A 390 sqft studio on Nob Hill, listed at $325,000, sold for $330,000 for this weeks bargain condominium.

In District 5, a district which includes Noe Valley, Eureka Valley/Dolores Heights, Haight Ashbury, etc., sales were down from 29 to 21 in March 2008 while prices rose from $845,000 in March 2007 to $856,000 March 2008.

In District 9 (SOMA, South Beach, Potrero Hill, Mission Bay, Inner Mission, etc) sales plummeted from 52 in March 07 to 36 in March 08, but prices rose nicely from $679,000 to $772,000 in March 08.

Click on the image to the left for a PDF of the entire report.

Contact Scott Pierce for more information at 415-595-3519 or scott@sfcondomap.com