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.
| Address | BR/BA | DOM | List Price | Sold Price | Overbid |
|---|---|---|---|---|---|
| 2018 42nd Avenue | 2/1 | 18 | $899,000 | $1,360,000 | 51.28% |
| 676 Noe Street | 2/2 | 11 | $1,695,000 | $2,500,000 | 47.49% |
| 1219 Clayton Street 1221 | N/A/N/A/N/A | 16 | $1,900,000 | $2,800,700 | 47.41% |
| 85 Cerritos Avenue | 3/3.00/N/A | 7 | $1,695,000 | $2,467,000 | 45.55% |
| 2458 44th Avenue | 2/1.00/N/A | 12 | $995,000 | $1,400,000 | 40.70% |
| 78 Huntington Drive | 3/2.00/N/A | 6 | $1,195,000 | $1,656,750 | 38.64% |
| 442 Athens Street | 5/4.00/N/A | 14 | $1,168,000 | $1,580,000 | 35.27% |
| 600 Alvarado Street | 1/1.00/3 | 12 | $825,000 | $1,100,000 | 33.33% |
| 285 Cayuga Avenue | 3/2.00/N/A | 11 | $1,095,000 | $1,455,000 | 32.88% |
| 1490 43rd Avenue | 3/2.00/N/A | 12 | $1,295,000 | $1,715,000 | 32.43% |
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