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From Overbids To Underbids, What’s Our Market Going To Do?

From Overbids To Underbids, What’s Our Market Going To Do?

Remember this NOPA multi-unit that went from $1.6M to $822k? Check out this 50% ownership in a Cole Valley 4 unit Victorian that just sold for 13% under asking after being on market for 51 days. In case you didn’t get that…that’s a two unit purchase into a 4 unit building, which you will own in tandem with the person that previously owned the whole thing (yet another reason to own property in San Francisco…you can slice/dice and still get it sold!)

As for the rest of the top 10 Underbids, here you go:

Address BR/BA/Units List Price Sold Price Underbid
117-119 Downey Street 2-4 Units $1,350,000 $1,175,000 -13 %
16 Knott Court 3/3/2 $949,000 $832,500 -12 %
350 Lansdale Avenue 3/3/2 $1,595,000 $1,439,800 -10 %
252 9th Street #403 2/1/0 $859,000 $785,000 -9 %
77 Amber Drive 4/3.5/2 $1,999,000 $1,840,000 -8 %
964 Central Avenue 2-4 Units $1,845,000 $1,700,000 -8 %
2040 Fell #12 2/1/1 $935,000 $872,500 -7 %
643 Greenwich Street 5/4.5/3 $4,250,000 $4,000,000 -6 %
1816 Castro Street 2/1/2 $899,000 $850,000 -5 %
650 Turk Street 0/1/1 $549,000 $525,000 -4 %

As for the market…that’s anybody’s guess at this stage. My listings flew off the shelf (I will definitely take credit for that), while others languish. Super Bowl hype is finally over, listings are hitting the market, so now we get to see what will happen.

If the market shifts it will still be a tremendous time to sell your property, as well as finally a great time to buy. We are experts at helping you do both. Just give us a shout.


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alexclark

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