You know how if you do a job for long enough eventually you become accustomed or even jaded to its ups and downs, no matter how shocking?
Well, this is not one of those jobs: You’d think after so many overbids every week we’d have seen it all–and hey, maybe we really have. But these numbers still do a number on us even so.
Case in point, this week’s top seller, an admittedly deeply adorable Outer Sunset set-up at 1427 44th Avenue that only spent six days on the market before nabbing a $2.27 million-plus payday, after initially only seeking just under $1.4 million.
Now you may say, well what’s so shocking about that? Sure, it’s a 63 percent premium, but after all this IS San Francisco.
Well, you’re right about that: It’s the history of the LAST sale that is making us dizzy this time around, because in 2007 this same property sold for just $719,000, (exactly the list price).
Now, this is not a straight one-to-one comparison, they did fix the place up a lot, and 2007 was a long time ago.
Still, tripling price is tripling in price. Heck, 2007 was during a price bubble no less, although in fairness prices actually peaked from that a bit before this.
People are still asking us if a housing crash is coming, and we’ve still always got the same answer:
Not this week. Definitely, definitely not this week.
|Address||BR/BA/Units||DOM||List Price||Sold Price||Overbid|
|1427 44th Avenue||3/2/N/A||6||$1,395,000||$2,275,000||63.08%|
|37 Miraloma Drive||3/2/N/A||5||$1,395,000||$2,150,000||54.12%|
|3325 Rivera Street||3/2/N/A||14||$995,000||$1,510,000||51.76%|
|1118 Quintara Street||3/2/N/A||13||$1,095,000||$1,660,000||51.60%|
|1682 41st Avenue||2/1/N/A||13||$1,095,000||$1,650,000||50.68%|
|2463 43rd Avenue||2/1/N/A||9||$1,098,000||$1,625,000||48.00%|
|1863 44th Avenue||3/2/N/A||15||$1,195,000||$1,725,000||44.35%|
|1731 Funston Avenue||3/2/N/A||6||$1,595,000||$2,255,000||41.38%|
|290 31st Avenue||3/3/N/A||13||$2,195,000||$2,925,000||33.26%|
|1832 Wawona Street||4/3/N/A||13||$1,595,000||$2,125,000||33.23%|
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