Russian Hill house sells for full $24 million asking price
Updated
Updated · The Wall Street Journal · Apr 30
Russian Hill house sells for full $24 million asking price
4 articles · Updated · The Wall Street Journal · Apr 30
The six-bedroom San Francisco home went into contract within a week, after previously taking more than a year to sell for $9.99 million in 2023.
Redfin said first-quarter luxury sales in San Francisco rose 22.2% year on year, with the median luxury price up 9% to $6.8 million as listings fell 15.2%.
Agents and Redfin linked the rebound to AI-driven wealth and the city's recovery, while the non-luxury market lagged, with sales up only 3.8% amid worries AI could threaten tech jobs.
Is San Francisco's AI-powered housing boom a true recovery or just another tech bubble waiting to burst?
As AI creates a 'mansion shortage' for the rich, what does the future of housing look like for everyone else?