Real estate lull? San Francisco home with views sold for $1.4 million over list price

BY: Jason Whigham
June 20, 2022

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The house can be found at 608 Sanchez St., San Francisco. Let’s take a closer look at this property. Autumn’s Sausalito house was constructed in “organic architectural style”. This design philosophy encourages buildings to integrate with their natural surroundings. This home is just steps away from San Francisco’s Mission Dolores Park. The home features hardwood paneling and floor-to-ceiling windows that provide 360-degree views.

It is located in an upper unit in a 2-unit condominium building. The home features a unique spiral staircase that connects its floors. There are multiple fireplaces, and many outdoor and rooftop areas that can be used for entertaining. Despite being listed in a slow market, the listing received a lot of interest. Lily Johnson, City Real Estate agent stated that there had been a slowdown in the market activity since May. This was even before the stock market pullbacks and the recent rise of mortgage rates. Johnson said that the summer would be slow in S.F. and that agents who were used to receiving more than 10 offers are likely to only get a few. Bidding wars are likely to occur and many buyers are exhausted.

Sellers are advised to wait until fall before listing their properties. These changes are opening up a market that is more buyer-friendly than ever before, at least for a few months. These trends did not stop home buyers visiting 608 Sanchez. The first open house was attended by 200 people. There were 45 disclosure packets on hand.

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