Well priced condos in North Beach continue to sell when they are properly presented to the market.  This month, two new homes that were on the market went into contract:690 Chestnut #204, a 2 bedroom, 2 bath home and 600 Chestnut #306, also a 2 bedroom, 2 bath home.  Both were well priced homes, listed at $699,000 and $739,000 respectively.  The condo at 600 Chestnut last sold in June 02 for $555,000.  Even if the selling price is below asking, it is at a healthy increase over 2002 prices.  And I suspect a bit of a disappointment for some Sellers who watched the prices of larger condos in this complex break $800,000 in the 2006-2007 time frame.

Prices in all of District 8, which includes North Beach, Telegraph Hill, Russian Hill, Nob Hill plus other neighborhoods like Downtown and the Tenderloin are up 10% in the last 6 months, and up 23% over the last year.   What is accounting for this?  Interest rates are terrific, San Francisco remains a terrific place to live and North Beach is a vibrant neighborhood in a great location with great services, restaurants and parks.