Condo/Townhouse Inventory-August

Street Address List Price Orig List Price DOM Status A Baths (F|P) Bldg SqFt
740 PROMONTORY POINT LN #3303 788000   7 P 2 2|1 2224
666 CELESTIAL LN 759000   19 P 4 2|1 1700
1103 LORD IVELSON LN 749999   42 A 3 2|0 1530
1045 GALLEY LN 748800   21 A 3 2|1 1530
1072 TILLER LN 748500 759000 70 P 3 2|1 1530
741 CELESTIAL LN 748000 780000 73 P 4 2|1 1920
1055 GALLEY LN 738800   13 A 2 2|1 1420
861 CARINA LN 719000 749000 64 A 3 2|1 1618
648 CELESTIAL LN 715500 740000 42 A 4 2|1 1700
1138 NIMITZ LN 709000 729000 49 P 3 2|1 1700
3 BINNACLE LN 699000   56 A 2 2|1 1620
677 PORTOFINO LN 699000   33 A 2 2|1 1780
707 RADFORD LN 699000   27 A 3 2|0 1350
841 COLUMBA LN 690000   4 A 3 2|1 1546
880 URSA LN 676000   1 A 3 2|1 1546
842 ANDROMEDA LN 668000   19 A 3 2|1 1546
1023 GREBE ST 668000   13 P 4 2|1 1760
225 BONITA LN 659888 695000 106 P 3 2|1 1630
659 BEACH PARK BL 659000   36 A 3 2|1 1340
155 ALBACORE LN 655000 719000 148 A 3 2|1 1630
648 PEGASUS LN 648888 688000 95 A 3 2|1 1470
720 PROMONTORY POINT LN #2109 640000   27 P 3 2|1 2264
715 GALLEON LN 629000 649000 73 A 2 2|1 1290
665 PORTOFINO LN 625000 675000 78 A 3 2|1 2140
143 E COURT LN 615000 625000 48 P 2 2|1 1410
861 BALBOA LN 600000 620000 148 A 2 2|0 1270
880 MERIDIAN BAY LN #309 599000 639000 196 A 3 2|0 1606
878 URSA LN 599000 690000 90 P 3 2|1 1618
844 BALBOA LN 599000 630000 37 P 2 2|0 1490
818 RIGEL LN 598800 688000 157 P 3 2|1 1470
1059 HULL LN 598000 625000 141 A 2 2|0 1240
1111 COMPASS LN #204 598000   29 A 3 2|0 1593
1021 LIDO LN 589900 624900 126 A 2 2|0 1490
831 RIGEL LN 579950 648950 41 P 4 2|1 1600
1061 BEACH PARK BL #312 579888   24 A 3 2|0 1593
851 CARINA LN 574900   22 A 2 1|1 1098
126 ALBACORE LN 572500 495000 91 P 2 2|1 1370
407 CUTTER LN 539000 575000 43 A 2 2|0 1240
880 MERIDIAN BAY LN #312 539000 539000 1 A 2 2|0 1350
860 MERIDIAN BAY LN #123 518000 580000 150 P 2 2|0 1245
2201 ADMIRALTY LN 500000   38 A 3 2|1 1505
671 PORTOFINO LN 499888 528000 49 A 2 2|0 1395
1206 ADMIRALTY LN 499000 559000 112 A 3 2|1 1505
1401 MARLIN AV 499000   8 P 2 1|1 960
1217 ADMIRALTY LN 498000 488000 174 A 3 2|1 1505
1151 COMPASS LN #201 489000   1 A 2 2|0 1286
815 SEA SPRAY LN #303 470000   2 A 2 2|0 1233
1131 COMPASS LN #204 468500   23 P 2 2|0 1349
1170 FOSTER CITY BL #104 467000   16 A 2 2|0 1349
780 SEA SPRAY LN #304 450000 450000 99 A 1 1|0 941
141 ALBACORE LN 449999 489999 34 P 2 2|0 1050
1067 SHELL BL #2 425000   1 A 2 2|0 994
1025 SHELL BL #7 410000 410000 22 P 2 2|0 1042
902 BEACH PARK BL #134 408888 408888 14 A 2 2|0 1060
926 BEACH PARK BL #1 390000   2 P 2 2|0 1060
1017 SHELL BL #6 379950   7 A 2 2|0 994
820 SEA SPRAY LN #114 379000 394000 190 A 1 1|0 953
3105 ADMIRALTY LN 350000   1 P 2 2|0 1247
8104 ADMIRALTY LN 329000   164 A 1 1|0 748
1191 COMPASS LN #210 329000   3 A 1 1|0 990
5102 ADMIRALTY LN 318800   174 P 1 1|0 748
5103 ADMIRALTY LN 299000 308000 73 A 1 1|0 748
7209 ADMIRALTY LN 299000   8 P 2 1|1 998
7211 ADMIRALTY LN 299000   10 P 2 1|1 998

 

Again, more inventory right now than at any other time this year. 42 properties actively for sale and 23 pending sale. That actually doesn’t seem like such a bad ratio to me because the condo/townhouse market sure seems slow. The darker listings above are the actives. Once again, high HOA dues have effected values in many projects and thus we’ve seen prices come down in them. Here’s a sampling of some newer listings that are really nice…and we’ll see if that makes a difference in their days on the market:

1151 Compass #201 listed by Liliane Cools of Cashin for $489,000. This is a really gorgeous unit at Marina Point, but the dues there are $477.00 a month. This one’s been on before and has been reduced from a high of $559,000. It’s going to be interesting to see what the magic number is that sells it.

841 Columba listed by Sue Dickey of Alain Pinel for $690,000. This is a wide waterfront 3 bedroom at Isle Cove where the dues are $488.00 a month. Once upon a time, (in 2006) a wide waterfront there sold for $999,000. This is a good price on this unit…we’ll see how it does?

1067 Shell #2 listed by the Wilkas Group at Prudential for $425,000. Really nice unit at Sand Harbor and the dues are a bit better there too…$375.00. It’s a very cute 2 bedroom place.

This has really been a very “ebb and flow” kind of year. Either super hot, or really slow. You know what? This is the Peninsula…it’s going to get hot again.

Comments

  1. The interesting part to me is how many substantial price drops there have been in the condo market. Appears that condo owners are a bit slower in realistically pricing their units to begin with, but after around 75 days on the market they come to their senses.

  2. About “The Islands” properties
    There are a number of very desirable condos for sale on “The islands” Community (balboa ln & Portofino Ln). But the sales are not happening because of a pending litigation against HOA. I tried to buy one of those and after much hand wringing and an extended delay had to back out of the deal because I could not find any lender willing to approve a mortgage till the case was settled.

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