San Francisco Business Times
From the article
A condo project on the northwest corner of 19th and Valencia Street is exhibit A of how the Mission District has become a top choice for wealthy San Franciscans.
On the market just two days the 17-unit development at 3500 19th St. is poised to bust price records for a condo building in the Mission District, with units in the building upper floors easily exceeding $1,400 a square foot. That is pricing more typically seen at downtown highrises like the Infinity.
The building’s sales center opened Friday and more than 100 people dropped in that day, according to Frank Nolan of Vanguard, who is marketing the property. “It was overwhelming,” he said. “We were going to wait a week or two before listing it on the MLS, but offers started coming in right away.”
The building comes on the market at a time when San Francisco has 11 new condo communities totalling about 550 units. Of these units, about 300 are either sold or in contract. Linea, Brian Spiers’ 114-unit project at 1998 Market St., currently has 33 units in contract, according to Polaris Pacific At 1800 Van Ness, Oyster Development Corp. has 56 units in contract out of a total of 98. Blanc, Sean Sullivan’s 35-unit project in Nob Hill, is about 50 percent sold. And 300 Ivy St., Pocket Development’s 61-unit complex in Hayes Valley, is down to its last unit or two.