If there is one thing this Pandemic has taught us, it’s that people will always place value in their place of shelter.
Welcome your weekly dose of the Top 10 Overbids in San Francisco.
No surprise, a lot of these are still a result of under-pricing, but also still an indicator of market activity and buyer demand. Without the demand, the offers don’t come in, and properties do not overbid.
Taking the #1 spot this week is a beauty of a circa 1900 Victorian at 2950 22nd St with all the charm that comes with a remodeled home of this vintage.
Located in a very urban neighborhood (locals we know it as the Mission) where every newspaper under the sun is reporting an “exodus” of tech workers and people that don’t want to live in the city, but clearly a few still do. Get in now before everyone comes back from #vanlife, and gets back to #reallife.
As for the rest, here you go: The top 10
| Address | BR/BA/Units | DOM | List Price | Sold Price | Overbid | |
|---|---|---|---|---|---|
| 2950 22nd Street | 2/2.00/ | 6 | $975,000 | $1,320,000 | 35.38% |
| 3624 Ortega Street | 3/2.00/N/A | 7 | $1,295,000 | $1,705,000 | 31.66% |
| 211 Mullen Avenue | 2/1.00/N/A | 8 | $995,000 | $1,310,000 | 31.66% |
| 2731 Pacheco Street | 2/1.00/N/A | 12 | $999,000 | $1,310,000 | 31.13% |
| 5 Cyrus Place | 2/3.00/A | 6 | $1,695,000 | $2,176,500 | 28.41% |
| 36 Ventura Avenue | 4/2.00/N/A | 13 | $2,399,000 | $3,010,000 | 25.47% |
| 257 Warren Drive | 3/2.00/N/A | 1 | $1,198,000 | $1,425,000 | 18.95% |
| 590 Oak Park Drive | 4/3.00/N/A | 2 | $1,695,000 | $1,960,000 | 15.63% |
| 73 Waller Street | 0/1.00/ | 23 | $499,000 | $560,000 | 12.22% |
| 257 Wawona Street | 3/3.00/N/A | 1 | $1,995,000 | $2,225,000 | 11.53% |
So as not to paint the picture that every single property in San Francisco sells over list price, and in the blink of an eye, have a look at the Stalefish: Properties on the market 30 days or more.
And have a great Aloha Friday!
–Properties on market 30+ DOM [theGoods-sf.com/thefrontsteps]