8 Octavia breaks price records in Hayes Valley — On The Block — but value remains
The first few condos from the Stanley Saitowitz-designed 8 Octavia started coming to market in July, and are already breaking pricing records for Hayes Valley, according to a recent post from SocketSite. The developer told the local real-estate blog that the condos have been selling for over $1,300 per square foot for the top-end units on the upper floors of the 47-unit development, with about one-third of the brand-new building’s 40 market-rate units now in contract. The other seven will be sold through the city’s below-market lottery system.But as above, not so below. While the upper-floor units have been breaking records, a lower-floor unit has actually been adjusted downward to “target a more value conscious buyer.”
via 8 Octavia breaks price records in Hayes Valley – On The Block.
