theFrontSteps – San Francisco

Real Estate, Insight, Statistics, Gossip, & News…With a Twist and Some Flavor

Entries for the ‘’ Category

Maximum Overbid Of The Week: 235 28th Street, Noe Valley…

This one is hot off the presses. So hot, this property at 235 28th Street in Noe Valley still has dust billowing up around it from the flurry of bidding that just went down. – – By all accounts, this is a great, great house. Sure, it needs a little work, but could be really [...]

Maximum Overbid Of The Week: 430 Noriega Gets $725,000 Over

There is a little something I used to do back in 2003 thru 2008 (mostly on what was then sfnewsletter), then the market tanked, and so too did The Maximum Overbid Of the Week. Alas! It has returned. At the request of some long time readers, I present 430 Noriega: A wee little four bedroom [...]

Hows About $415,000 More Than You Were Asking? Will That Be Enough?

Just when you think you’ve seen it all, along comes a property on Clayton Street in the Haight Ashbury district (might as well call it Cole Valley too) that drops the jaw just a little bit more. For all practical purposes, this property was really nice. It had a wonderful upper two level unit with [...]

139 Corbett, Asking $799,000, Receiving 30+ Offers: Where Will It Be When The Dust Settles?

At what point do you, dear fellow colleague and wonderful real estate companion, stop and say, “Okay, maybe I under-priced this property a bit, so I’ll just go ahead and raise the marketing price $100,000 now, so I don’t make a lot of agents and their buyers think they stand a snowball’s chance in hell [...]

But It’s A Buyer’s Market

Any of you see this article on Yahoo! about US Cities Where Homes Sell The Fastest? Gather ’round…I have a story for you. Yesterday, on behalf of my clients, I presented a full asking price, ALL CASH (that’s $1,350,000 George Washingtons), two week to close, sellers may “rent-back” ’til November offer on 49 Alma Street [...]

Hi, I’m 118 Vernon And I Just Received 30+ Offers

-118 Vernon, 2 bed, 1 bath, SFR, $399,000

$201,000 Over Asking? We Kid You Not (1941 Leavenworth)

Stranger things have been known to happen. – Just today, 1941 Leavenworth, a 4 bed, 3.5 bath, single family home in Russian Hill, closed escrow for a cool $2,000,000. Asking price, $1,799,000…in this market!? Guess it’s not THAT bad after all. Oh yeah, we forgot to add…six make that eight offers.

43% over (asking) on 2190 Broadway 9W ($5,000,000)

Just a bit busy, so this from today’s sfnewsletter: “Hi Alex, I just heard a rumor that 9W at 2190 Broadway asked for $3.45M and closed for $5M. An overbid of 43%?” Rumor mill says…TRUE! Also true: that puts the price per square foot of this condo that “needs updating” at $1,562.50; HOA dues are [...]

The Wall Street Journal reports on Overbids?

Aldo Congi…Capo di Capi telling it like it is. Andrew, you kind of fumbled a bit, but we’ll let it slide. And who was that that walked out of the bathroom in the middle of your interview!? Gasp…. [brightcove vid=1513327670&exp=452319854&w=486&h=412] No way! It’s not happening. Really it’s not. The market has tanked. This report was [...]

A Done Deal at 3647 Washington ($910,000 over asking)

We’ve been through the over/under debate countless times, but when the big ones hit we have no choice other than high-light them, and 3647 Washington is no exception. According to MLS, this five bedroom, four and one half bath single family home in Presidio Heights hit the market March 26th at $3,595,000, spent a staggering [...]