There is excellent news for anyone looking to live at the St. Regis San Francisco. The luxury property has actually shown a drop in property prices. Here is the situation: basically financing is becoming a lot more stringent. With a snazzy place like the St. Regis, it is increasingly more difficult to find the right buyers.
Recent sales have included Unit 27D which was sold for $2.3 million. That is a whopping 42% less than the asking prices, tallying it up to about $1,300/ sq ft. Unit 24C reportedly sold for $2,195,000. According to thefrontsteps.com, the sales price was not disclosed but inside sources claim pricing was around $1,850,000 give or take.
For any buyers who have an eye on the luxurious residence now is a good time to consider the St. Regis. And with the hype over the new Millennium Tower, the units have some tough competition.
Via: The Front Steps