High-end home sales soar in Bay Area
Monday, February 18th, 2008What real estate slump?
The Bay Area’s rich are still snapping up high-end properties for record sums. On Friday, a mystery shopper agreed to buy the unfinished penthouse at the Millennium Tower for $11 million. That’s $2,288.81 for each of the San Francisco property’s 4,800 square feet, a range rarely exceeded even when the space is built out - that is to say, when it actually includes walls and finishes.
The buyer, who wasn’t identified per the building owner’s policy, put down $1 million to begin the escrow process.
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