Could this be a sign of better times ahead? The San Franscisco Chronicle has posted on their ‘On the Block’ segment that for the first time since October 2008, an Oakland condo has sold for more than $1 million dollars!
The Ellington, in the soon-to-be-bursting Jack London Square, sold one of its two penthouse suites for $1.1 million on January 5th, giving many hope that the long-awaited real estate turnaround is upon us. The other penthouse – priced at $1.5 million – is in escrow.
This is great news ~ here’s the original posting: http://www.sfgate.com/cgi-bin/blogs/ontheblock/detail?blogid=58&entry_id=55142