Maximum Overbid: Stuffed With Thanks

This being a short week with a holiday, you’d imagine it wouldn’t be as busy on the homes front.

And you’d be right; whereas an average of 161 homes closed each week in 2021 thus far, for the past seven days it was just 91. With things a little bit quiet, maybe this is an opportunity for the overbids to surprise us, perhaps with a smaller margin or a home that falls outside of the usual Sunset and Parkside avenues?

But it’s not to be: Even when things are quiet they’re never dull, with the top getter this week being 1647 39th Avenue, a slightly compact (less than 1,000 square feet) circa 1940 two bed, one bath house that closed after just eight days on the market–so much for a holiday slump.

The final overbid was well over 51 percent, a difference if more than half a million dollars off the original list price–a lot of extra gravy for someone to be thankful for this week. Notice that fully half of this week’s top ten ended up selling for at least half a million dollars on top of what was asked.

AddressBR/BA/UnitsDOMList PriceSold PriceOverbid
1647 39th Avenue2/1.00/N/A8$995,000$1,511,00051.86%
622 41st Avenue3/1.00/N/A15$1,195,000$1,700,00042.26%
464 Lansdale Avenue4/6.00/N/A4$2,495,000$3,500,00040.28%
433 Pacheco Street3/2.00/N/A11$1,898,000$2,600,00036.99%
831 Florida Street2/1.00/N/A10$1,300,000$1,775,00036.54%
185 Bonview Street3/2.00/N/A13$1,695,000$2,257,00033.16%
1279 34th Avenue2/1.00/N/A13$1,295,000$1,710,00032.05%
199 Tiffany Avenue2/2.00/40514$799,000$1,050,00031.41%
73 Florentine Street2/1.00/N/A61$995,000$1,300,00030.65%
1854 23rd Avenue3/2.00/N/A12$1,400,000$1,800,00028.57%

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