Another week, another shockingly high San Francisco western neighborhoods overbid–or at least that’s how it feels sometimes. This week’s number one overbid is once again an Outer Sunset prospect, a three bed, two bath house at 2026 47th Avenue that originally listed for $995K but closed this week for $1.6 million, a spike of more … Continue reading Maximum Overbid: Riding Into the Sunset
Pleased to report yet another successful off market find for our buyers. After submitting countless offers on countless properties we were contacted by an agent who knew we do a lot of business in the Sunset and Richmond districts. The sellers were originally looking for $1,800,000, which was not going to happen, so we waited … Continue reading Another off market deal closed…in the Sunset
When is a bargain not quite what it seems? When it turns into an overbid instead. That’s what happened with this week’s top overbid at 2358 41st Avenue. This two bed, one bath, Outer Sunset setup listed for $1.09-plus million less than two weeks ago, advertised as a “great price,” and closed out for $1.5 … Continue reading Maximum Overbid: The Telltale Bargain
Even when we’re talking about overbids, money isn’t everything. After all, the most valuable commodity of all is time. Case in point, this week’s top overbid, a three bed, one bath circa 1943 house at 1735 39th Avenue, which listed for just under $1.1 million and closed this week for $1.6, more than 46 percent … Continue reading Maximum Overbid: Top Sellers Close After Two Weeks Or Less
For the second month in a row–and for only the second time in the history–the SF-based rent platform Zumper says New York and not San Francisco is the most expensive place to rent a one-bedroom apartment. This time, SF is a full $150 behind NYC (last month it was a mere $10 difference), with an … Continue reading What Does It Really Cost to Rent In San Francisco?
Sometimes an overbid gives you perspective on the past as well as the current market–and boy can perspective knock you for a loop. Case in point, this week’s number one spillover is 2242 17th Avenue, a three bed, three bath Parkside house that sold this week for more than $2.2 million, 47-plus percent more than … Continue reading Maximum Overbid: Great Recession Loser Returns With a Vengeance
Just when you think you’ve seen it all in overbid terms, something can still surprise you. Case in point, it was looking like the top overbid spot for the week would go to 1235 22nd Avenue, a fetching three bed, 1.5 bath Sunset house that sold this week for $1.57-plus million, nearly 44 percent over … Continue reading Photo Finish For Weekly Overbids
Decades ago, City Hall planners envisioned a soaring new downtown San Francisco district in the shadow of the Bay Bridge, built around a revamped Transbay Terminal and featuring inspired (and expensive) office towers that would transform the city skyline forever. Today, that dream is largely a reality–though ironically, those towers sit mostly abandoned, and the … Continue reading Whatever Happened To the Last Transbay Towers?
Most of the time, overbids in San Francisco clock within fairly modest margins. But there are always boom times, as this week’s overbids are going hard and not apologizing for it. It’s a close race for first place, with two different sales cracking the 55 percent overbid margin. The top spot ends up being 64 … Continue reading SF Overbids: “Fixer-Upper” Worth $1.45 Million Anyway
For generations, San Francisco has been a renter majority city. Estimates vary, but the San Francisco Planning Department calculates that as many as two-thirds of SF residents rent their homes. The conventional wisdom is that US renters are getting a bum deal in the long run, because for most homes in most cities they’d ultimately … Continue reading Is It Cheaper To Rent or Buy In San Francisco?
The big housing news today is that for the first time ever, the SF-based rental platform Zumper ranked New York City over San Francisco as the most expensive place to rent in the US. For the month of August, a median-priced one bedroom apartment on Zumper cost $2,810 per month, whereas a similar unit in … Continue reading San Francisco Never Had Highest Rent In the US
When a buyer truly has their heart set on the ideal San Francisco home, not much will stand in their way. That’s how we end up with overbids, including this week’s top spot at 144 Idora Avenue, a four bed, three bath, Forest Hill Crafsman home from 1926 that sold this week for $2.5 million … Continue reading Forest Hill Craftsman Overbid Returns
Ah summer, when a San Francisco homebuyer’s fancy turns toward paying more for a home–or at least that’s how it seems when we break down this week’s top SF overbids. Most weeks, San Francisco overbids are relatively modest, but our current number one spot is actually quite a whopper in the form of 773 Faxon … Continue reading Top SF Overbids: Westwood Park Basement Breaks the Bank
I’m pleased to report yet another successful off market (property not on MLS) sale for my clients who had been searching for so long, writing offers, getting beaten by other higher offers, but ultimately hanging in there. Patience paid off.
Other than lurking anxiety about earthquake hazards, the thing that preys most heavily on most people’s minds when pondering a move to San Francisco is how much it will cost? The simple answer to that question is, “A lot,” whereas the more complex answer is, “A lot…but it depends.” On Wednesday, the National Low Income … Continue reading How Much It Really Costs To Rent In SF
Even when the COVID-19 pandemic was beating down SF’s housing and rental markets last year, demand for single-family homes in the city still stayed surprisingly robust most quarters–such is the premium that buyers and sellers alike place on real, full-fledged SF houses at even the worst of times. Now that the city is largely back … Continue reading Where SF’s Most Expensive Homes Sold When the Pandemic Ended