San Francisco, CA -- Top-producing San Francisco Real Estate team - The Costa Group at Vanguard Properties - led by Sara Werner Costa and Franck Costa, sold a stunning 3BR/3BA penthouse located at 943 Church Street #B in the Liberty Hill area of San Francisco for an astounding $2,310,000 in April. This chic, bi-level penthouse featured panoramic views of the Bay Bridge, the bay and downtown; with three private terraces, in one of the most desirable San Francisco neighborhoods.
This off-market sale was the highest condo sale price in San Francisco’s District 5 within the last two years. In addition, it was also the highest price per square foot sold in the area within the last two years. This record-breaking sale is a sign of the times and the current real estate market in San Francisco. Demand is high, inventory is low, and it has become a sellers’ market - thanks to the currently booming high-tech and biotech industries in the area (e.g., Facebook, Zynga, LinkedIn) and their recent Initial Public Offerings.
There is an apparent increase in values for homes in these southern neighborhoods of San Francisco—such as Liberty Hill, Noe Valley, the Mission District, SOMA and Potrero Hill due to their proximity to the highways, CalTrain, and the high-tech shuttle stops (e.g., Google, Apple, Facebook) as many of these professionals prefer to enjoy the San Francisco lifestyle, then commute out of the city to the Silicon Valley for their work.
The Costa Group is led by Sara and Franck Costa who are a top producing Real Estate team with over 20 years of combined experience. They successfully represent both sellers and buyers of residential properties in and around San Francisco.