"San Francisco Mansion Plummets $10 Million Amid Housing Market Collapse"

TL;DR Summary
A six-floor luxury house in San Francisco has seen its value plummet by $10 million in just three years, selling for $20 million in January 2020 and then again for $10 million in November. The property, located in the Russian Hill neighborhood, features four bedrooms, eight bathrooms, a five-car garage, and a guest apartment. The decline in home values in San Francisco has been attributed to a recent slump in the city's housing market, with median prices falling from a peak of around $1.6 million in April 2022 to $1.2 million in January.
Topics:business#housing-market#luxury-home#price-decline#real-estate#real-estate-investment#san-francisco
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