"The SF market became crazy hot this fall selling season, accelerating from 25 mph to 100 mph almost overnight - because of the AI startup boom that is exploding here... It is certainly one of the hottest markets in the country, and the luxury market is leading the way. October saw the highest number of $5m+ sales since the peak of the pandemic boom. November saw the highest month-of-November number of sales ever."
"This luxury condo in the 1 Steuart Lane building commands the kind of panoramic views only a 2,914-square-foot corner unit sporting floor-to-ceiling glass can deliver. The three-bedroom, three-bathroom abode seems to float atop the water, looking directly out on the Bay Bridge. The kitchen is uber-high-end, with top-of-the-line appliances, a marble island and a wine fridge. Similarly, the primary bedroom has deep walk-in closets and a bathroom fit to rival the fanciest spa."
San Francisco's luxury housing market accelerated sharply this fall, fueled by wealth from a booming AI startup scene. The luxury sector led the city's real estate gains, with October recording the most $5 million-plus sales since the pandemic peak and November setting a month-of-November sales record. Despite the surge, several high-end listings remain unsold, particularly luxury condominiums and co-ops that lag single-family homes in demand. Unit 1901 at 1 Steuart Lane exemplifies an expensive unsold property, a 2,914-square-foot waterfront corner condo listed at $11.5 million with high-end finishes and extensive building amenities. One single-family home, 2881 Vallejo St., also appears among the top unsold properties.
Read at SFGATE
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