The top underbid of the week goes to an Outer Mission single family home that (dare we say) needs a bit of work. Listed for $699,000 and sold for $575,000 after 62 days on the market. According to our data from last week, single family homes continue to take up the majority of the top 10 underbid slots: 50% single family homes, 30% multi-units, and 20% condo.
As we get into the winter months, we are seeing luxury homes cooling down but affordable homes remaining competitive. One other notable Underbid is this wonderful Millennium Tower residence with million dollar water and landmark views on both sides of the Bay. Listed at $4.588M and sold for $4.18M after 122 days. Still a win, IMO.
As for the rest, here you go:
| Address |
BR/BA/Units |
List Price |
Sold Price |
Underbid |
|
|---|---|---|---|---|
| 2220 Cayuga Avenue | 1/1/1 | $699,000 | $575,000 | -17.74 % |
| 161-165 Cook Street | 2-4 Units | $2,395,000 | $2,150,000 | -10.23 % |
| 2287 16th Avenue | 4/2/2 | $1,388,000 | $1,250,000 | -9.94 % |
| 18 Kronquist Court | 4/2/1 | $1,899,000 | $1,725,000 | -9.16 % |
| 301 Mission Street #49D | 2/3/2 | $4,588,000 | $4,180,000 | -8.89 % |
| 78 Gladys Street | 3/2/0 | $1,195,000 | $1,100,000 | -7.95 % |
| 1437 47th Avenue 1437A | 2-4 Units | $1,275,000 | $1,175,000 | -7.84 % |
| 2829 Pierce Street 2831 | 2-4 Units | $2,970,000 | $2,750,000 | -7.41 % |
| 3260 Baker Street | 3/2/2 | $2,999,000 | $2,800,000 | -6.64 % |
| 2040 Franklin Street #506 | 0/1/1 | $575,000 | $540,000 | -6.09 % |
As is always the case, if you have any questions about the market, your home, homes in your area, or real estate referrals around the world, I am here to help. Just give me a shout by choosing any of the “contact” options all over this site.