Silicon Valley real estate
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5 days agoSan Francisco's housing market has lost its mind | TechCrunch
High-end and mid-market San Francisco homes are selling far above asking prices, including near-doubling in some cases.
The second highest sale was for a home built in 1948, but remodeled and known most recently as the Cameron Estate because it was owned by Ron Cameron, who developed the Malibu Grand Prix, a racing park in Northridge, open to the public. Cameron owned the 5-acre Malibu home, with about 7,000 square feet of interior space and 450 feet of beach frontage, for about 10 years.
After five months on the market and a $10 million price cut, billionaire Steve Cohen found a buyer for his Beverly Hills residence. The pending deal comes as the New York Mets owner looks to remake 50 acres of parking into an $8 billion casino complex next to Citi Field in New York. The project, called Metropolitan Park, is vying for a state gaming license.
Most are unable to look away from perusing said rankings even if they take issue with the methodology. With the Los Angeles County ranking for this year's top agents and teams now complete, the list may be as close to a reflection of the high end of the market one can get. That statement doesn't gloss over the common complaints heard each year from some in the industry, most notably that the list throws teams and solo agents into the same ring.
Where: Kalorama. Sold by: Jonathan B. Schlossberg,co­founder and former CEO of the on-demand payment startup Even, and Morgan E. Eisler, former head UX researcher at Okta, an identity-security-management platform. Listed: $5,200,000. Sold: $4,700,000. Days on market: 99. Bragging points: A three-story 1967 brick house with four bedrooms, four and a half bathrooms, two fireplaces, an elevator, a great room, and a fenced backyard.