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Maximum Overbid Monday!

Well now that we have the government shutdown (temporarily) behind us, let’s get back to the market at hand. It would appear there is a bit of a calm washing over our waters, but open house activity is still through the roof, so we might indeed be stuck in this craziness for a while. Case in point, San Francisco’s most recent Top 10 Overbids.
Rank| Address | Property Type | Bed/Bath | DOM | Asking Price | Sale Price | % Over
#1-709 York St: Single-Family; 2/2.00; 10 DOM; $799,000; $1,150,000; 43.93%
#2-152 Hancock St: 2-4 Units; 26 DOM; $1,100,000; $1,557,000; 41.55%
#3-82 Peralta Ave: Single-Family; 3/2.00; 28 DOM; $998,000, $1,380,000; 38.28%
#4-514 Precita Ave: Single-Family; 2/1.00; 11 DOM; $925,000; $1,255,000, 35.68%
#5-130 Randall St: Single-Family; 3/1.50; 7 DOM; $1,195,000; $1,575,000; 31.80%
#6-3901 17th St: 5+ Units; 28 DOM; $2,300,000; $3,025,000; 31.52%
#7-327 Richland Ave: Single-Family; 3/1.00; 35 DOM; $749,000; $980,000; 30.84%
#8-515 Powhattan St: Single-Family; 2/1.00; 13 DOM; $708,000; $925,000; 30.65%
#9-4430 Cabrillo St: 2-4 Units; 14 DOM; $925,000; $1,200,000; 29.73%
#10- 1108 Cabrillo St: Single-Family; 3/1.50; 11 DOM; $1,295,000; $1,677,000; 29.50%
[Copyright ©2013 TheGoods-SF.com. Visit www.thegoods-sf.com for more information. Data feed from SFAR MLS deemed accurate but not guaranteed.]
This data set reflects properties that got into contract on average 30+ days ago, so it will be interesting to see how this continues. We look forward to providing this information to you every Monday, now that the Goods has made it easy for us to share it, so come on back!


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alexclark

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4 thoughts on “Maximum Overbid Monday!”

  • Art M.

    October 22, 2013 at 7:36 am

    Perhaps the properties were intentionally under-priced in order to generate a bidding war? Can you select a few of these, run some comp’s and give us your assessment?
    Thanks,
    Art

    Reply
    • thefrontsteps

      October 28, 2013 at 7:45 am

      Hey Art….I’m a bit busy at the moment, but if you had questions of any in particular, I’d be happy to see what I can do.
      alex

      Reply
  • Tot

    October 26, 2013 at 7:15 pm

    Regarding 130 Randall: we were the second place bidder on that single-family home and our offer was VASTLY lower than the winning bid.

    Reply
  • eviction services

    November 11, 2013 at 11:42 am

    I also think that property rates have been reduced just to start some biding wars, Art M.

    Reply

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