Press & Media

While the national media often focuses on San Francisco's challenges, the "smart money" is moving back into the city at a record pace. As Max Armour aptly puts it: “A contemporary house on San Francisco’s Russian Hill has sold for its full asking price of $24 million... The speedy sale is a far cry from the last time the house went on the market... it’s a reflection of the recent ups and downs of San Francisco itself.”

“Whether envisioned as a multigenerational family compound, a wellness-driven retreat, or a sophisticated live-work environment, the scale and flexibility are unprecedented for Pacific Heights,” Armour said. “It represents a rare opportunity to own something that cannot be replicated in San Francisco today.” Article By Wendy Bowman

The broader real-estate market has struggled under the weight of higher mortgage rates. Meanwhile, the high end is surging. In 2025, the U.S. housing market continued to be mired in a slump, with sales volume stuck at its lowest point in decades and affordability out of reach for many buyers. But at the ultra high-end of the market, a very different narrative unfolded: Ultraluxury real-estate sales, which have boomed in much of the country for the last few years, got even stronger.

Multigenerational living “Homes of this caliber simply do not come to market,” listing agent Max Armour of Compass said in a statement. “Whether envisioned as a multigenerational family compound, a wellness-driven retreat, or a sophisticated live-work environment, the scale and flexibility are unprecedented for Pacific Heights,” he added. “It represents a rare opportunity to own something that cannot be replicated in San Francisco today.” The sellers, who could not be identified via public records, have moved to the East Coast after living in the property with their three children, according to a Compass representative. They leave behind much more than a house, Armour said. Read more at: https://www.sacbee.com/news/business/article314401283.html#storylink=cpy