Overbids are entertaining, but skeptical housing watchers always have to wonder whether they’re the result of real market forces or just canny sellers pricing low (although arguably the latter IS a market force–just not necessarily one we account for a lot of the time). It’s always more fun to imagine that the top seller for the week was a sincere surprise for everyone involved.
In this case, if the sale of 1479 34th Avenue surprises anyone, they’ve got good reason: After just nine days, this three bed, two bath Outer Sunset setup cleared $2.2 mllion, a spike of nearly 47.5 percent compared to what it was originally asking.
The reason this might qualify as a surprise is that it actually makes 1479 34th one of the most expensive Outer Sunset homes sold all year: Since January 1, only six other houses in this neighborhood netted more than that at sale, and one of those by only another $5,000.
What’s the secret? The ad called this one a “Rousseau-style” house–meaning, seemingly, not a real Rousseau, but certainly pretty enough for it. And now it’s got a pretty price to match.
|Address||BR/BA/Units||DOM||List Price||Sold Price||Overbid|
|1479 34th Avenue||3/2.00/N/A||9||$1,495,000||$2,205,000||47.49%|
|107 Monterey Boulevard||2/2.00/N/A||9||$1,049,000||$1,475,000||40.61%|
|1422 18th Avenue||2/1.00/||9||$988,000||$1,370,000||38.66%|
|947 Edinburgh Street||3/3.00/N/A||18||$898,000||$1,230,000||36.97%|
|2431 24th Street||4/2.00/N/A||11||$1,899,000||$2,600,000||36.91%|
|198 El Verano Way||4/4.00/N/A||7||$2,950,000||$4,005,000||35.76%|
|504 46th Avenue||3/2.00/||13||$995,000||$1,350,000||35.68%|
|22 Granada Avenue||3/2.00/N/A||11||$959,000||$1,301,000||35.66%|
|627 Congo Street||2/1.00/N/A||11||$1,095,000||$1,450,000||32.42%|
|1315 Laguna Street||2/1.00/5||15||$549,000||$725,000||32.06%|
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