Sales associates report greater numbers of San Francisco-based realtors and clients touring The Ellington and making offers on the East Bay’s premiere high-rise condominium building. For example, 35% of walk-in traffic during the first quarter of 2011 lives or works in San Francisco, compared to only 20% in 2010. In a tough real estate market with cautious consumers, The Ellington continues to draw buyers to the property because of its unparalleled value, amazing views, and extraordinary amenities. Few comparable homes in San Francisco are available for under $500,000 while prices at The Ellington start below $300,000.

“The interest in The Ellington being expressed by San Francisco buyers this year is unprecedented,” said Pacific Marketing Associates Vice President Kim Cole. “Home prices at The Ellington reflect the high end product our buyer is looking for; interestingly we’ve noticed that these same buyers are opting for a prime East Bay waterfront location over a more pricey San Francisco address. For example, a home at The Ellington featuring two bedrooms, two baths and a city view recently sold for $405,000. The same home in San Francisco would have sold for $700,000.”

Article source: http://www.sunherald.com/2011/04/21/3045248/for-values-and-views-san-franciscans.html