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Tight Inventory, Top 10 Overbids, and 7 Off Market Listings

Tight Inventory, Top 10 Overbids, and 7 Off Market Listings

Currently, there are exactly 167 Single Family Homes for sale in the entire city of San Francisco…from the Marina District down to Visitacion Valley. Of those, only 42 hit the market in the last week, and some have actually been on the market more than 30 days (I call them Stalefish, and that’s where you might – just might – find a “deal”). But mostly, we’re a city still starving for single family homes, and they are literally flying off the shelf. Condos in desirable areas are about the same, but I’m not going there right now.
What does this mean? It means competition is fierce, multiple offers are commonplace, and Overbidding is still not anywhere near done. Have a look at this week’s top 10 Overbids. Keep in mind, this is only the top 10, if you want to see more, follow this link to more recent sales.

Address BR/BA/Units DOM List Price Sold Price Overbid
2662 40th Avenue 4/2.00/N/A 9 $995,000 $1,550,000 55.78%
157 College Avenue 3/1.00/N/A 14 $949,888 $1,450,000 52.65%
1415 11th Avenue 2-4 Units 15 $995,000 $1,500,000 50.75%
1734 27th Avenue 2/1.00/N/A 14 $995,000 $1,480,000 48.74%
439 Greenwich Street 0/1.00/17 7 $488,000 $720,000 47.54%
1090 Page Street 2/1.00/1 7 $899,000 $1,305,000 45.16%
1706 17th Avenue 3/1.50/N/A 10 $1,195,000 $1,715,000 43.51%
1933 Ulloa Street 3/1.00/N/A 13 $949,000 $1,335,000 40.67%
368 17th Avenue 2/1.00/N/A 13 $1,295,000 $1,810,000 39.77%
945 Corbett Avenue 1/1.00/107 7 $699,000 $975,000 39.48%

All of this said, if you’re losing out, I have several listings coming to market, and a couple we’ll sell off market:
Single Family home on Cabrillo at 36th
Single Family home on 46th at Balboa with Ocean Views
Single Family home near Alta Mar in Sutro Heights with Ocean Views
Condo near the Great Highway with Ocean Views
Condo on Frederick in Cole Valley with Valley views
Condo on Page near Upper Haight
Empty lot in Russian Hill ready to build
So…I’ll do my part to get some inventory for you, but in the meantime marvel at those Overbids, have a good weekend, and enjoy this Summer weather!
Happy Aloha Friday


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alexclark

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3 thoughts on “Tight Inventory, Top 10 Overbids, and 7 Off Market Listings”

  • gardenhighway

    March 30, 2018 at 6:10 pm

    On Fri, Mar 30, 2018 at 2:20 PM theFrontSteps | San Francisco Real Estate wrote:
    > thefrontsteps posted: “Currently, there are exactly 167 Single Family > Homes for sale in the entire city of San Francisco…from the Marina > District down to Visitacion Valley. Of those, only 42 hit the market in the > last week, and some have actually been on the market more than” >

    Reply
  • gardenhighway

    March 30, 2018 at 6:12 pm

    So, what’s your prognosis on slide in condos and lofts in SOMA and maybe elsewhere? Wish i had seen it coming😂😂 now what?

    Reply
    • thefrontsteps

      April 2, 2018 at 11:07 pm

      If only I had a crystal ball…Condos in quintessential areas are still holding value and still climbing. SOMA simply is seeing too much supply of similar units for sale. Buyers finally have choices down there. One can hardly say the market has crashed. Sell it, and buy a single family home.

      Reply

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