With the holiday weekend upon us–where did the time go?–not as many homes closed this week, as SF saw about 100 sales in all since last Friday.
But that doesn’t mean anyone was slacking in the bidding department, as the number one taker, a two bed, two bath Inner Sunset house at 1443 16th Avenue, finished at over 61 percent of its originally listed price, for a very merry $2.17 million-plus stocking stuffer.
In fact, the pricing of this property tells a story: Previously, this house sold in 2009 for $890,000, and before that the most recent sale was in 2002, for over $572,000 (about $883,000 with inflation).
Note the history: Both of those previous sales happened at the tail end of economic slumps, whereas this new, bigger payday comes at a time when demand for single-family SF houses is almost as strong as ever.
Pretty much nothing about the property has changed over the years, shingled facade and all, proving that sometimes nothing is more valuable than time–and your timing.
| Address | BR/BA/Units | DOM | List Price | Sold Price | Overbid |
|---|---|---|---|---|---|
| 1443 16th Avenue | 2/2/N/A | 7 | $1,349,000 | $2,175,000 | 61.23% |
| 11 Mars Street | 6/6/N/A | 10 | $1,695,000 | $2,550,000 | 50.44% |
| 443 Crestmont Drive | 3/3/N/A | 14 | $1,695,000 | $2,475,000 | 46.02% |
| 3627 Anza Street | 2/1/ | 14 | $1,099,000 | $1,480,000 | 34.67% |
| 2271 21st Avenue | 3/2/N/A | 12 | $1,295,000 | $1,700,000 | 31.27% |
| 143 Dublin Street | 4/2/N/A | 11 | $1,095,000 | $1,432,000 | 30.78% |
| 2174 Fell Street | 3/2/ | 7 | $1,795,000 | $2,300,000 | 28.13% |
| 365 Seneca Avenue | 3/3/N/A | 13 | $1,098,000 | $1,400,000 | 27.50% |
| 674 3rd Avenue | 5/3/N/A | 14 | $1,995,000 | $2,535,000 | 27.07% |
| 146 De Long Street | 2/2/N/A | 17 | $988,000 | $1,250,000 | 26.52% |
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.