San Fran Condo sells for about half of its price in 2019 reflecting a tanking market

Acondominium in downtown San Francisco, an area that's been rocked by several problems in the past few years, was sold last week for about half of its purchase price in 2019, as shown on real estate marketplace Zillow.

The property, a two-bedroom, two-bathroom condo on 1075 Market St, a five-minute driving distance from Union Square and a three-minute driving distance from the troubled neighborhood of Tenderloin, was listed for sale on Zillow on January 18 for $695,000. After spending months on the market, it was sold on April 8 for $675,000—about half of the price commanded by the condo in late May 2019, when it was sold for $1,250,000.