An Vida, the New Mission Theater development next door to Mission Local’s office on Mission Street between 22nd and 23rd streets is leading the way, according to a story in the SF Chronicle.
Two days later, 20 units were in contract – and the building won’t even open until January.
“It was a madhouse,” said Matt Fuller of Zephyr Real Estate.
If that sounds reminiscent of late 2007, when buyers lined up outside One Rincon Hill until the wee hours, it is. Median condo prices in San Francisco are now above $830,000, about 8.2 percent higher than the peak reached right before the economic crash in early 2008. The latest Standard & Poor’s/Case-Shilling home sales price index shows that San Francisco prices have jumped 23 percent in the past year. READ MORE.