Even when we’re talking about overbids, money isn’t everything. After all, the most valuable commodity of all is time.
Case in point, this week’s top overbid, a three bed, one bath circa 1943 house at 1735 39th Avenue, which listed for just under $1.1 million and closed this week for $1.6, more than 46 percent over the asking.
But notice also another remarkable figure here: The deal closed in just 14 days. Although it varies, in most US cities the average number of days on the market is around 30; in SF in August, it was 19.
So a 14 day sale is already pretty hot, but looking down the list we see plenty of others that went quicker. Many didn’t even make it to double-digits, and one clocked zero days to a sale; sometimes that’s a sign of manipulation–realtors can juice these stats with a little sleight-of-hand sometimes–but other times it just means demand really is that high.
|Address||BR/BA/Units||DOM||List Price||Sold Price||Overbid|
|1735 39th Avenue||3/1.00/N/A||14||$1,095,000||$1,600,000||46.12%|
|1415 21st Avenue||N/A/N/A/N/A||14||$1,695,000||$2,450,000||44.54%|
|646 De Haro Street||2/2.00/N/A||13||$1,395,000||$1,950,000||39.78%|
|1787 17th Avenue||3/2.00/N/A||19||$1,295,000||$1,800,000||39.00%|
|1079 Alabama Street||3/2.00/||6||$1,098,000||$1,520,000||38.43%|
|28 Gaviota Way||2/1.00/N/A||9||$1,150,000||$1,588,000||38.09%|
|228 Ewing Terrace||2/1.00/N/A||9||$1,200,000||$1,650,000||37.50%|
|1379 Thomas Avenue||3/2.00/N/A||15||$795,000||$1,080,000||35.85%|
|316 Hazelwood Avenue||2/1.00/N/A||6||$1,195,000||$1,600,000||33.89%|
|515 Pierce Street||1/1.00/3||10||$925,000||$1,225,000||32.43%|
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