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%