Tag Archives: San Francisco Real Estate

San Francisco’s Top 10 Real Estate Overbids Of The Week

Just when I go ahead and claim “SF Real Estate Market Cools (sort of)“, out comes the week’s latest and greatest Top 10 Overbids:

Address BR/BA/Units DOM List Price Sold Price Overbid
714 Kansas St 3/2.00/N/A 17 $849,000 $1,750,000 106.12%
2215 California St 2/1.50/N/A 28 $1,249,000 $1,861,000 49.00%
615 Ellsworth 2/2.00/N/A 22 $749,000 $1,100,000 46.86%
2412 Funston Ave 2/1.00/ 15 $749,000 $1,085,000 44.86%
426 8th Ave 2/1.00/N/A 17 $849,000 $1,200,000 41.34%
2856 Scott St 1/1.00/3 8 $989,000 $1,333,000 34.78%
8 Mateo St 3/2.50/N/A 42 $1,095,000 $1,462,500 33.56%
1271 26th Ave 3/2.50/N/A 28 $899,000 $1,200,000 33.48%
1770 10th Ave 4/3.00/N/A 12 $1,595,000 $2,125,000 33.23%
1430 23rd Ave 3/2.50/N/A 23 $898,000 $1,190,000 32.52%

For a complete list of recent sales in your area, get The Goods, and get educated. Wondering if any properties sell UNDER asking? They do. Here are the Top 20 Underbids. And if 10 Overbids aren’t enough to spark great dinner conversation (maybe a little gambling), have a look at the Top 20 Overbids.

I probably won’t do any blogging next week, so have a great Thanksgiving everyone!

Giants Baby! And Real Estate Too -sfnewsletter 10/17/14

sfn_logo2I just published my most recent issue of sfnewsletter (sign up at sfnewsletter.com), complete with a couple market stories and a new link to awesome things like Top 20 Overbids, Top 20 Underbids (they exist), Recent Sales, New Listings, and Stalefish (Properties on the market 30+ days):

Giants Baby! — And Real Estate Too — sfnewsletter 10/17/14

San Francisco Real Estate Third Quarter Report

San Francisco House & Condo Values
Which Neighborhoods Dominate Home Sales?
Who Is Buying the City’s Luxury Condos and Why?

September saw the largest surge of new listings coming on market in the past 2 years, which led to a big jump in deal-making, but data on transactions negotiated in September won’t be available until most close escrow in October and early November. In the meantime, we’ll look at the last 2 quarters.

Median Sales Prices & Average Dollar per Square Foot
The following 2 charts look at current and longer-term trends in home values. As is common, median house sales prices dropped a bit in the 3rd quarter – this is due mostly to seasonality issues – though condos have held steady for 3 quarters now at $950,000. Dollar per square foot values have continued to increase to new peaks: This metric is particularly being impacted by new-development condo sales, which are breaking dollar per square foot records virtually everyplace they’re being built.

If you wish to drill down on values in very specific city neighborhoods, we recently updated our interactive map, which can be found here: SF Home Price Map

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Where Home Sales Occur at What Prices
Continue reading San Francisco Real Estate Third Quarter Report

June Case-Shiller Index – High-Tier Home Prices Begin To Plateau For Summer

The Case-Shiller Index for the San Francisco Metro Area covers the house markets of 5 Bay Area counties, divided into 3 price tiers, each constituting one third of unit sales. Most of San Francisco’s, Marin’s and San Mateo’s house sales are in the “high price tier”, so that is where we focus most of our attention. The Index is published 2 months after the month in question and reflects a 3-month rolling average, so it will always reflect the market of some months ago. June’s Index was just recently released.

The 5 counties in our Case-Shiller Metro Statistical Area are San Francisco, Marin, San Mateo, Alameda and Contra Costa. Needless to say, there are many different real estate markets found in such a broad region, and it’s probably fair to say that the city of San Francisco’s market has generally out-performed the general metro area market.

Typically, the market cools off and plateaus for the summer months and that is what we are starting to see in the new Case-Shiller numbers for June. The next big indication of market conditions and trends will come after the autumn selling season begins in mid-September: That is typically when there is a large surge in new listings and buyer demand picks up again until the holiday slow-down begins in mid-November. It is difficult to make definitive statements about the market during the summer and mid-winter holidays because the market almost always slows substantially during these times.

The high-price home segment for the SF Metro area saw no significant change from May to June, though the low and mid-price segments both ticked up by a percentage point or two. Short-term fluctuations are much less meaningful than longer-term trends.

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To learn more about Seasonality & The San Francisco Real Estate Market, check out my most recent issue of sfnewsletter by clicking that link.

As always, if you have any questions, you should know where to find me by now.

-Seasonality & The San Francisco Real Estate Market [sfnewsletter]

$1.6 to $2.2 – $1.2 to $1.6 – $1.6 to $2.3…San Francisco Overbids Continue With No End In Sight

Although I’ve been out and about and trying to enjoy summer, clearly the Overbid factory didn’t get the memo. Check out the most recent craziness, including one architect/owner designed house on 15th Ave that sold almost 40% over asking! To all of those that think things slow down in Summer…think again.

Top 10 Overbids for San Francisco:

Address BR/BA/Units DOM List Price Sold Price Overbid
414 Missouri St 4/3.00/N/A 6 $950,000 $1,410,000 48.42%
671 Alvarado St 2/1.00/ 12 $899,000 $1,305,000 45.16%
1426 6th Ave 3/3.00/N/A 13 $1,595,000 $2,300,000 44.20%
609 Precita Ave 2/2.00/N/A 42 $825,000 $1,175,000 42.42%
531 Sanchez St 2/1.00/N/A 8 $995,000 $1,400,000 40.70%
2570 Folsom St 4/3.00/N/A 14 $1,595,000 $2,210,000 38.56%
45 Richland Ave 3/1.50/N/A 10 $650,000 $900,500 38.54%
2628 15th Ave 3/1.50/N/A 12 $849,000 $1,175,000 38.40%
656 Arguello Blvd 2/2.00/3 21 $799,000 $1,104,713 38.26%
80 Jersey St 3/2.00/ 14 $1,195,000 $1,650,000 38.08%

Want the top 20, sign up for sfnewsletter @ sfnewsletter.com.

[Update: Business Insider Just Shared 13 Properties all Selling For $1M or more over…]

Have a great weekend!