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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