For nearly a decade (maybe more), I’ve blogged about overbids. It’s tiring. It’s time for something new. Last week I mentioned condo prices dropping 3% from August to September, and I’m not saying the market is crashing, but you should be aware that not EVERYTHING sells over asking, including the oh-so-rare single-family home.

That’s right, out of the top 10 underbids of the week, 7 are single-family homes. A Pacific Heights home listed at $3,250,000 and sold for $2,825,000 a whopping 40 days later. What a score, and what an amazingly beautiful property in an awesome location. I’m jealous.

Address Type BR/BA/Units List Price Sold Price Underbid
2317 Webster Street Single-Family Homes 4/2.5/3 $3,250,000 $2,825,000 -13.08 % 239 Broad Street Single-Family Homes 0/1/0 $899,000 $800,000 -11.01 % 100 Delano Avenue Single-Family Homes 6/3/3 $1,300,000 $1,160,000 -10.77 % 651 4th Avenue 653 2-4 Units N/A $1,500,000 $1,400,000 -6.67 % 3808 Clay Street Single-Family Homes 4/2.5/2 $4,500,000 $4,200,000 -6.67 % 601 4th Street Condo/Coop/TIC/Loft 1/1/1 $1,499,000 $1,400,000 -6.60 % 929 Cayuga Avenue Single-Family Homes 5/4/3 $1,105,000 $1,035,000 -6.33 % 2829 Green Street Single-Family Homes 5/5.5/2 $9,600,000 $9,000,000 -6.25 % 301 Mission Street Condo/Coop/TIC/Loft 2/3/1 $4,495,000 $4,250,000 -5.45 % 2676 Great Highway Single-Family Homes 3/1/1 $957,050 $911,000 -4.81 %

Check back next Monday and market your calendars, as I hope to bring you more Underbids more regularly.

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