49ers Legend Joe Montana Sells Condo at Millennium Tower

Source: Realtor.com
Joe Montana sells condo at Millineum Tower in San Francisco
Chalk up another win for San Francisco 49ers legend Joe Montana.

The NFL Hall of Fame quarterback has scored a home sale in the Bay Area, parting ways with a unit at the Millennium Tower in downtown San Francisco. Montana had asked as much as $1.75 million for the condo when he began shopping it back in October. Records show that the property ultimately closed for $100,000 less—selling in January for $1.65 million..

Montana’s unit has a lone bedroom, two bathrooms and a little more than 1,400 square feet of living space. With floor-to-ceiling windows, the floor plan features an all-white chef’s kitchen, open living spaces, and a master suite complete with a rain shower and soaking tub.

Read the full story at Realtor.com

California Home Inventory Rises

Source: Inman.com
California home inventory going up
California home sales fell year over year for the seventh straight month in February, though inventory rose as sellers gear up for the spring homebuying season, according to the California Association of Realtors.

Existing, single-family home sales in the Golden State last month fell 0.7 percent from January and 13.7 percent from a year earlier, to a seasonally adjusted annualized rate of 361,210. The median sale price in February was $404,250, up 21.3 percent from the same month a year ago. Last month saw the 20th straight month of double-digit price increases.

Housing inventory rose to a 4.7 months’ supply in February, up from 4.3 months in January and 3.6 months in February 2013. CAR considers a six- to seven-month supply typical in a normal market.

Read the full story at Inman.com