The Bravo show Million Dollar Listing has been a consistent hit for about a decade now, but its San Francisco spin-off lasted only one season. Maybe the problem was the title: In SF, a million-dollar listing is probably selling itself short.
That was the case with this week’s top overbid, a two bed, two bath Outer Sunset setup at 1595 45th Avenue, which listed a mere eight days ago for $998K but sold this week for $1.7 million–because of course it did.
The thing is, last time this home sold it really was a million-dollar listing; in 2016, the going price was $950,000–reasonable at the time, but a real outlier kind of figure just a few years later.
For the curious, out of 1,894 San Francisco homes sold publicly since the beginning of this year, 253 of them have gone for $1 million or less. But note that almost all of those were condos and a great many of them were BMR deals.
|Address||BR/BA/Units||DOM||List Price||Sold Price||Overbid|
|1595 45th Avenue||2/1/N/A||8||$998,000||$1,700,000||70.34%|
|1860 22nd Avenue||4/2/N/A||14||$1,295,000||$2,200,000||69.88%|
|1450 43rd Avenue||4/3/N/A||3||$1,295,000||$2,200,000||69.88%|
|1340 38th Avenue||2/1/N/A||6||$1,098,000||$1,818,000||65.57%|
|1342 28th Avenue||3/2/N/A||8||$1,695,000||$2,570,000||51.62%|
|1738 39th Avenue||2/2/N/A||5||$1,095,000||$1,625,000||48.40%|
|20 Massasoit Street||3/2/N/A||7||$1,950,000||$2,800,000||43.59%|
|4337 19th Street 4339||N/A/N/A/N/A||10||$1,895,000||$2,700,000||42.48%|
|719 Olmstead Street||2/1/N/A||11||$899,000||$1,275,000||41.82%|
|2251 47th Avenue||3/1/N/A||12||$1,195,000||$1,675,000||40.17%|
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.