It’s been a while since I’ve come across a sale worth talking about in Mission Bay. Sales have generally been flat there since the economic downturn hit. But things seem to be changing. Case in point: The recent sale at 255 Berry #515.
The 2BR/2BA, 1225-sq foot unit fronting Mission Creek was listed on May 20th at $799,950. Five buyers competed for the property, an offer was accepted, and the sale just closed on Wednesday for $870,000.
This is good news for Mission Bay residents, who’d flocked to the assessor’s office over the past two years in bids to readjust their property tax bases due to falling values.