A historic San Francisco mansion listed for sale just before the pandemic is
still struggling to find a buyer
— one example of a dramatic reversal in the Bay Area’s luxury housing market, which just recorded its lowest September sales volume in at least a decade, with a year-over-year decline twice as severe as the record drop in the rest of the country.
And the outlook for the rest of the year is bleak, according to one of the listing agents for the property at 2698 Pacific Ave., just off Billionaire’s Row in Pacific Heights. “Many agents are quietly quitting the rest of 2022,” said Herman Chan of Golden Gate Sotheby’s International Realty.