The 3 most expensive unsold homes in San Francisco in 2019


  • 6fb7d 920x920 The 3 most expensive unsold homes in San Francisco in 2019

    With a pool and a view and more, 950 Lombard is unsold for over a year, and still asks over $40M.

    With a pool and a view and more, 950 Lombard is unsold for over a year, and still asks over $40M.


    Photo: RMLS

  •  The 3 most expensive unsold homes in San Francisco in 2019

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With a pool and a view and more, 950 Lombard is unsold for over a year, and still asks over $40M.

With a pool and a view and more, 950 Lombard is unsold for over a year, and still asks over $40M.



Photo: RMLS


Perhaps it’s the IPOs that failed to produce thousands of new millionaires, or maybe it’s that even the mega-rich balk at homes asking $30 million or more. Either way, there was no shortage of pricy luxury homes on the market in 2019, but they didn’t all sell. Here are the three most expensive unsold homes of 2019.

Pricy stale listings

2018′s most expensive home was also one of 2019′s. At $40.5 million, it will likely be one of 2020′s most expensive listings, too. Despite being totally spectacular, and despite dropping over $400,000 since its original debut, 950 Lombard has yet to fetch a luxury buyer. The pool overlooking Coit Tower, the art gallery and the general opulence apparently hasn’t been enough. 
 
(Scroll through the gallery above to see photos of all three homes.)
 
In second place, 3800 Washington listed this year at $30 million in April. Failing to sell, “Le Petit Trianon” dropped to $23,800,000 before being pulled from the market. This one is spectacular, for better or for worse, with dramatic accents, multiple kitchens and theatrical interiors.
 
RELATED: The most expensive homes sold in San Francisco in 2019
 
Finally, the third most pricy unsold abode is 2646 Union. Built in 2018 and listed in September for $29,800,000, this mansion with its open wall overlooking an epic San Francisco view, lingers on into 2020.

The year in review


It’s been an expensive year for SF real estate, with the median home price now hovering near $1.18 million. Most real estate pundits predict further inflation of 0.5-0.8 percent in 2020.

San Francisco homes in the city proper are currently showing a median list price of $1,073 per square foot, more than double the price for the San Francisco-Oakland-Hayward Metro as a whole, where the average is $507.

Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert.

Article source: https://www.sfgate.com/realestate/article/most-expensive-unsold-homes-2019-San-Francisco-14928325.php

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