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Just How Unaffordable Is San Francisco? Plus Overbids

Just How Unaffordable Is San Francisco? Plus Overbids

With Halloween all but a hangover, the World Series over, Niners actually playing football, the European Football leagues in full swing, snow storms knocking on the door, and the waves in San Francisco starting to crank, it can only mean one thing…Fall is officially here.

Fall is typically a good market, however, there is a little bump currently in the road and we’ll have to wait and see how our current inventory gets gobbled up. In short, price reductions are common, as are multiple offers, and Overbids. So what is one supposed to do!? Contact us and we’ll talk about your situation or property (and location) specifically. Otherwise, enjoy the latest issue of our newsletter, share it with a friend, subscribe to it if you haven’t done so already, and come say hi if you happen across one of our open houses.

To really understand how unaffordable housing in California has become, have a look at this week’s top 10 Overbids:

Address BR/BA/Units DOM List Price Sold Price Overbid
76 Carrizal Street 2/1.00/N/A 16 $349,000 $653,000 87.11%
925 Olmstead Street 4/3.00/N/A 12 $1,159,000 $1,625,888 40.28%
371 Bright Street 3/2.00/N/A 35 $998,000 $1,350,000 35.27%
17 Edgar Place 6/6.00/N/A 12 $1,188,000 $1,600,000 34.68%
113 Elmira Street 2/1.00/N/A 32 $749,000 $1,005,000 34.18%
22 Gennessee Street 2/1.00/N/A 12 $1,069,000 $1,365,000 27.69%
4222 Ulloa Street 2/1.00/N/A 0 $995,000 $1,265,000 27.14%
2118 44th Avenue 2/1.00/N/A 11 $995,000 $1,250,000 25.63%
4000 Moraga Street 3/2.00/N/A 14 $1,195,000 $1,460,000 22.18%
2007 30th Avenue 3/3.00/N/A 10 $1,898,000 $2,300,000 21.18%

And now go check our newsletter –>

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theFrontSteps Monthly Market Newsletter

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