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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