Working to get back to sharing the weekly top 10 with all of, and still scratching our heads at how we are still reporting on Overbids since at least 2007…
San Francisco Top 10 Overbids of the Week ending 3/15/19:
| Address |
BR/BA/Units |
DOM |
List Price |
Sold Price |
Overbid |
|
|---|---|---|---|---|---|
| 2408 Moraga Street | 3/1.00/N/A | 0 | $995,000 | $1,368,000 | 37.49% |
| 2038 20th Avenue | 4/4.50/N/A | 12 | $1,595,000 | $2,100,000 | 31.66% |
| 2610 47th Avenue | 3/2.00/N/A | 10 | $899,000 | $1,150,000 | 27.92% |
| 1133 Athens Street | 3/2.00/N/A | 12 | $950,000 | $1,210,000 | 27.37% |
| 2407 Harrison Street | 1/2.00/9 | 12 | $949,000 | $1,205,000 | 26.98% |
| 2271 40th Avenue | 4/4.00/N/A | 24 | $1,399,950 | $1,768,500 | 26.33% |
| 226 Moraga Street | 2/1.00/N/A | 15 | $1,095,000 | $1,380,000 | 26.03% |
| 308 Roosevelt Way | 1/1.00/ | 11 | $895,000 | $1,100,000 | 22.91% |
| 151 Beaver | 2/1.00/ | 25 | $1,195,000 | $1,460,000 | 22.18% |
| 3322 16th Street | 2/1.00/3 | 0 | $988,000 | $1,201,000 | 21.56% |
Lets see.. the Moraga place gets listed for $571/sqft, sold for $786/sqft. This list should be called “The Maximum UnderListing” instead, as it has nothing to with which properties are hot, but everything with which properties the seller wanted to get people in the door and bids rolling by listing way lower than estimated market value (e.g. Zillow estimate was pretty much the price it sold at). It is meaningless as a market indicator.
Sometimes, it definitely should.