In our continued effort to educate you on San Francisco real estate, have a look at 10 listings that have closed within the last 14 days, all of them significantly over list price, and all of them in contract, or going into contract prior to Shelter in Place.
|Address||BR/BA/Units||DOM||List Price||Sold Price||Overbid|
|76 Saturn Street||0/1.00/||13||$498,000||$695,000||39.56%|
|878 37th Avenue||4/2.00/N/A||14||$1,295,000||$1,789,000||38.15%|
|1910 30th Avenue||2/2.00/N/A||6||$1,299,950||$1,605,000||23.47%|
|2638 39th Avenue||2/1.00/N/A||14||$899,000||$1,100,000||22.36%|
|2954 23rd Street||3/2.00/N/A||13||$1,195,000||$1,455,000||21.76%|
|793 Gates Street||4/3.50/N/A||15||$1,400,000||$1,699,000||21.36%|
|746 12th Avenue||3/2.50/||8||$1,495,000||$1,810,000||21.07%|
|4733 18th Street||3/2.50/1||4||$1,595,000||$1,900,000||19.12%|
|830 Olmstead Street||1/1.50/N/A||24||$649,000||$755,000||16.33%|
|144 Murray Street||5/4.00/N/A||8||$1,999,000||$2,310,000||15.56%|
You might think this data is no indication of the current state of affairs, but we’d beg to differ. Why? If the market and everything has fallen out form under us like the media would lead you to believe, you’d think 100% of these buyers would have extended these deals, renegotiated, or pulled out entirely. Although we can’t know for certain what type of renegotiations went on, we can know with high probability there were multiple offers on all of these homes and the winning buyers STILL proceeded to close despite the global pandemic, Shelter in Place, and national unemployment numbers like we’ve never seen.
San Francisco has been defying the odds for many years, and we suspect it will continue to do so. To what extent is still TBD, but we can categorically tell you buyer demand is still out there, and it’s intense. So if you’re in a position of wanting, or needing to sell, give us a shout, and we’ll discuss your options.
Share this with your neighbors or friends to brighten their day, because things will work out. Home values have not dropped 30% like the stock market did. We will get through this.
Subscribe to our blog to stay in the loop:
–“What are my options to sell my home right now?” During COVID-19 [theFrontSteps]
–San Francisco Real Estate Before COVID-19 [theFrontSteps Newsletter]