It’s the last Monday of 2015, everyone is out celebrating and the market is slow and quiet, but there are still properties closing every day, and some going significantly under asking.
The top 3 homes of the top 10 Underbid that closed in the last 2 weeks were sold more than 10% under asking (does that make any sense?) And the winner of our last underbid of the year goes to this wonderful 3 bedroom Marina District single-family home 59 Rico Way. Listed for $2,900,000 and sold for 2,550,000, 12% under asking.
And here’s the rest. Happy holidays everyone!
| Address | BR/BA/Units | List Price | Sold Price | Underbid |
|---|---|---|---|---|
| 59 Rico Way | 3/1.5/3 | $2,900,000 | $2,550,000 | -12.07 % |
| 233 Franconia Street | 3/3.5/3 | $1,795,000 | $1,590,000 | -11.42 % |
| 1945 Washington Street #411 | 1/1/1 | $739,000 | $665,000 | -10.01 % |
| 2953 Broderick Street | 2/2.5/2 | $3,295,000 | $3,000,000 | -8.95 % |
| 1200 California | 1/1/1 | $2,188,000 | $2,000,000 | -8.59 % |
| 338 Spear Street | 2/2/1 | $2,998,000 | $2,750,000 | -8.27 % |
| 1177 California Street | 1/1/1 | $965,000 | $900,000 | -6.74 % |
| 1598 McAllister Street | 5+ Units | $3,000,000 | $2,800,000 | -6.67 % |
| 646 Los Palmos Drive | 5/3/3 | $1,450,000 | $1,360,000 | -6.21 % |
| 1 Hawthorne Street #22E | 2/2/1 | $1,650,000 | $1,550,000 | -6.06 % |