21827thWhat more can you say…the marketing remarks for 218 27th Ave say it all, “Contractors Special with Bay View from front steps. 25X120 lot; occupancy classification R3 per 3R Report; Zoning District per 3R Report RM1; This is an AS IS sale. Bring your contractors and hard hats. Laundry and 3rd bedroom is not warranted.” Listed $895,000 sold for $1,612,000 or 80% over asking. Not bad. Not bad at all.

Address BR/BA/Units DOM List Price Sold Price Overbid
218 27th Avenue 3/1.00/N/A 12 $895,000 $1,612,000 80.11%
676 Capp Street 3/1.50/N/A 12 $1,300,000 $2,300,000 76.92%
27 Cutler Avenue 3/1.00/N/A 20 $569,000 $880,000 54.66%
1400 35th Avenue 1402 2-4 Units 14 $799,000 $1,220,000 52.69%
2219 25th Avenue 2/1.00/N/A 13 $949,000 $1,380,000 45.42%
850 35th Avenue 2/1.50/N/A 38 $950,000 $1,380,000 45.26%
2080 14th Avenue 3/1.00/N/A 13 $899,000 $1,302,080 44.84%
12 Carson Street 3/2.00/N/A 10 $1,649,000 $2,260,000 37.05%
51 Somerset Street 3/1.00/N/A 10 $849,000 $1,160,000 36.63%
136 Bradford Street 4/2.00/N/A 43 $899,000 $1,225,000 36.26%

I share this information so you, the buyer and seller, can get used to the idea that San Francisco real estate is not normal. I also share it for myself and my colleagues to support our claim when we go on listing presentations that there is no such thing as “you priced it too low”. You cannot price too low in San Francisco. You can definitely price too high though.

04-alex-clark-portrait-citybg-2x3If you’re thinking about selling, give me a shout.
Alexander Clark
Paragon Real Estate Group
415-254-5351
alexclark@gmail.com
sfnewsletter.com will be published today around 12pm with updated top 20 Overbids, top 20 Underbids, Stalefish, New Listings, and Recent Sales. You still have time to sign up.

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