Amid signs of a cooling market, an 8,500-square-foot luxury apartment in the city’s Transbay district tests high-end demand. A penthouse in San Francisco’s fast-growing Transbay district is coming on the market for a record-seeking $41 million.
That price would set a record for a home in the city, which boomed over the last decade due to its proximity to Silicon Valley and the center of the digital economy. That boom is fading, however: Patrick Carlisle, an analyst at real-estate firm Compass, said the San Francisco market has dampened significantly, due in part to the recent volatility of tech stocks. He said there were more price reductions and fewer bidding wars over the past few months than in the first half of 2018.
To read more, visit https://www.wsj.com/articles/san-francisco-penthouse-seeks-a-record-41-million-11548777194
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