Being real estate professionals, it is our duty to look past the clutter and furniture and find the value in each property. We had a little trouble getting past the ottoman, sofa, chairs, and dining room wall coverings of 1700 Jones #4, but apparently the buyers saw something we didn’t.
This is a 2 bed, 2 bath condo in Russian Hill, which came to market at $1,395,000 on January 10th. By January 17th, it was already in contract, open houses and Broker Tours canceled, and recently closed escrow on January 29th for $1,500,000 ($105,000 or 7.5% over asking). Forget pricing, forget overbidding, forget the cooling market, forget all that. Think about how quickly this home came and went…seven days on the market, during the worst market San Francisco has seen in over five years.
Merely an anecdote indeed, but significant nonetheless.
Maybe it was the white kitchen with pink lights that sealed the deal.
–1700 Jones #4 [sfnewsletter listing detail]