The time has come once again to follow the money with Maximum Overbid, our weekly column examining just how much SF buyers went above and beyond when paying for a home.
And for the first time in literally months, the top overbid for the week did NOT happen in the Sunset; instead it’s a Noe Valley house that takes top honors, 4384 23rd Street.
This cobalt-colored two bed, two bath setup at the foot of Twin Peaks is also our first top overbid in a while not to crack 50 percent, listing a mere ten days ago for more than $1.59 million and closing this week for $2.35 million.
But in truth it’s been a little surprising that we’ve had so many homes lately that go over that mark, since conventionally SF overbids are not quite so dramatic as we’ve been seeing this year, partly by virtue of the fact that, well, you may notice these homes are on the pricy side to begin with.
Not enough to hold up some people’s bids though, so we’ll be back with more overbid action next week.
| Address | BR/BA/Units | DOM | List Price | Sold Price | Overbid |
|---|---|---|---|---|---|
| 4384 23rd Street | 2/2.00/N/A | 10 | $1,595,000 | $2,350,000 | 47.34% |
| 2122 35th Avenue | 2/1.00/N/A | 12 | $1,095,000 | $1,605,000 | 46.58% |
| 1174 Naples Street | 4/2.00/N/A | 6 | $880,000 | $1,260,000 | 43.18% |
| 328 16th Avenue | 4/4.00/N/A | 6 | $1,798,000 | $2,450,000 | 36.26% |
| 727 Athens Street | 4/3.00/N/A | 10 | $1,159,000 | $1,550,000 | 33.74% |
| 77 Carmelita Street | 2/2.00/ | 8 | $1,595,000 | $2,110,000 | 32.29% |
| 132 Fairmount Street | 3/2.00/N/A | 7 | $1,895,000 | $2,500,000 | 31.93% |
| 630 Rhode Island Street 632 | 3/3.00/ | 4 | $2,450,000 | $3,175,000 | 29.59% |
| 633 Chestnut Street | 3/2.00/ | 7 | $1,699,000 | $2,200,000 | 29.49% |
| 2465 15th Avenue | 4/3.00/N/A | 11 | $1,895,000 | $2,401,000 | 26.70% |
As always, if you have any questions you can contact us directly, or throw them in the comments below. Make sure to subscribe to this blog, or follow us on social media @theFrontSteps too. And please do consider giving us a chance to earn your business and trust when it’s time to buy or sell Bay Area property. People like working with us, and we think you will too.