San Francisco homes STILL selling for more than list price, even during the Summer doldrums. By now you all should know it’s less about a home selling for more than market value and more about the way we price homes in San Francisco (low). At the very least, it’s still a good indicator there is enough demand out there for certain properties and still not enough supply.
Top 10 Overbids San Francisco Week Ending 8/16/19
|2119 Castro Street||2/1.00/N/A||13||$998,888||$1,480,000||48.16%|
|1625 Dolores Street||2/1.00/||10||$1,249,000||$1,750,000||40.11%|
|758 Haight Street||1/1.00/4||15||$899,000||$1,233,000||37.15%|
|125 Josiah Avenue||3/2.00/N/A||11||$995,000||$1,350,000||35.68%|
|125 Baltimore Way||3/1.50/N/A||16||$998,000||$1,353,000||35.57%|
|2369 Union Street||1/1.00/2||14||$899,000||$1,150,000||27.92%|
|315 Foerster Street||2/1.00/N/A||13||$939,000||$1,200,000||27.80%|
|791 Colby Street||3/1.50/N/A||15||$918,000||$1,150,000||25.27%|
|10 Loma Vista Terrace||3/2.00/N/A||9||$2,095,000||$2,600,000||24.11%|
|2275 26th Avenue||3/1.00/N/A||23||$1,295,000||$1,605,000||23.94%|
With all this talk of recession, will the San Francisco market continue to defy the odds? Will the pending flood of post Labor Day listing inventory get gobbled up, or trickle through the Fall? Time will tell. Check back, or better yet, “Subscribe to blog via email” over there in the right column —-> or follow @theFrontSteps on your preferred social media platform.
Happy Aloha Friday!