Sunday, January 24, 2010

Bank Owned Strength in Santana Row Condo

Just closed Friday, January 22, 2010 - a bank owned listing in the Margo building of Santana Row. This unit faces Santana Row, approximately across from Burberry. It was listed at $435,000 and closed with multiple offers at $470,000. This was the smallest of three models with one bedroom, den and 1.5 baths at 1,099 square feet. This sale affirms prices are stabilizing on Santana Row. Other units in the same floor plan have closed far lower in the $400s this year. There is one more bank owned unit available for sale in the DeForest building as well as some short sales that are in progress.

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