SF Overbids All Top $1 Million

It’s getting harder and harder to buy a house for less than $1 million in San Francisco, but that’s not necessarily anybody’s fault.

In the examples of this week’s overbids, several sellers initially priced their offerings at under seven figures, only for bidding to push the final cost up over that mark. Of course, in some cases that was presumably the idea–a relatively “low” initial price is great for attracting eyes, after all.

That was true in the case of 2018 42nd Avenue, this week’s top overbid, a two bed, one bath, 1951 Outer Sunset offering that opened in July at $899,000 and closed out this week for $1.36 million after 18 days of competitive negotiations, a more than 51 percent hike.

There were two other houses in the top ten that started out under $1 million but still managed to sell over that mark this week as well.

AddressBR/BADOMList PriceSold PriceOverbid
2018 42nd Avenue2/118$899,000$1,360,00051.28%
676 Noe Street2/211$1,695,000$2,500,00047.49%
1219 Clayton Street 1221N/A/N/A/N/A16$1,900,000$2,800,70047.41%
85 Cerritos Avenue3/3.00/N/A7$1,695,000$2,467,00045.55%
2458 44th Avenue2/1.00/N/A12$995,000$1,400,00040.70%
78 Huntington Drive3/2.00/N/A6$1,195,000$1,656,75038.64%
442 Athens Street5/4.00/N/A14$1,168,000$1,580,00035.27%
600 Alvarado Street1/1.00/312$825,000$1,100,00033.33%
285 Cayuga Avenue3/2.00/N/A11$1,095,000$1,455,00032.88%
1490 43rd Avenue3/2.00/N/A12$1,295,000$1,715,00032.43%

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