Maximum Overbid: Faster Than a Speeding Bullet

Here’s an overbid riddle for you: When can being just average also make you the best?

The answer: When you’re selling a home like 1826 23rd Avenue, far and away our top overbid for the week after closing for more than $1.52 million from a $899K asking price, a margin of well over 69 percent.

Admittedly, that $899K price seems on the low side for San Francisco–were they trying to run up the score by listing for less? Possibly, but note also that the two bed, one bath, circa 1931 home looks like it could use a little work, so maybe they really are surprised by how hot of a commodity it was.

Here’s the other interesting part: The ad for this one promised it “will go fast,” and to a point thats true: The house was only on the market for a mere 12 days, which is a really wild number by most standards.

We have to say “most standards” because for the Outer Sunset right now that’s actually precisely what you’d expect–in September, 12 days was the average time between listing and sale in this neighborhood. For comparison, the nationwide average is 43 days–and that’s the lowest it’s been in years.

Of course, a 12-day average means many, many homes sell even faster than that–three just on our overbids list this week, including one in a blinding five days.

AddressBR/BA/UnitsDOMList PriceSold PriceOverbid
1826 23rd Avenue2/1.00/N/A12$899,000$1,525,00069.63%
70 Rockridge Drive2/2.00/N/A13$1,150,000$1,810,00057.39%
226 20th Avenue4/2.00/N/A13$1,475,000$2,300,00055.93%
2043 46th Avenue2/2.00/N/A8$995,000$1,550,00055.78%
1248 Stanyan Street5/2.00/N/A15$2,995,000$4,501,24850.29%
2375 46th Avenue3/1.00/N/A12$1,095,000$1,600,00046.12%
635 Ulloa Street4/4.00/N/A7$2,298,000$3,300,63543.63%
424 Grafton Avenue4/2.00/N/A5$998,000$1,405,00040.78%
2210 Cecilia Avenue3/3.00/N/A12$1,298,000$1,800,00038.67%
2765 39th Avenue3/2.00/N/A14$1,195,000$1,630,00036.40%

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