Maximum Overbid: Top Sellers Close After Two Weeks Or Less

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.

AddressBR/BA/UnitsDOMList PriceSold PriceOverbid
1735 39th Avenue3/1.00/N/A14$1,095,000$1,600,00046.12%
1415 21st AvenueN/A/N/A/N/A14$1,695,000$2,450,00044.54%
646 De Haro Street2/2.00/N/A13$1,395,000$1,950,00039.78%
1787 17th Avenue3/2.00/N/A19$1,295,000$1,800,00039.00%
1079 Alabama Street3/2.00/6$1,098,000$1,520,00038.43%
28 Gaviota Way2/1.00/N/A9$1,150,000$1,588,00038.09%
228 Ewing Terrace2/1.00/N/A9$1,200,000$1,650,00037.50%
1379 Thomas Avenue3/2.00/N/A15$795,000$1,080,00035.85%
316 Hazelwood Avenue2/1.00/N/A6$1,195,000$1,600,00033.89%
515 Pierce Street1/1.00/310$925,000$1,225,00032.43%

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