In case you don’t get the sfnewsletter, we’ll bring a tid bit to you: “Since everybody keeps telling us about it, we might as well print it (albeit a bit premature). This one will certainly blow your mind. Four fifty one (451) Avila hit the market February 29th (the first time in 60 years), asking … Continue reading $600,000 over asking on Avila?
Category: Maximum Overbid ™
2956 Webster: 8 Offers, 4 Cash, 1 Winner, 7 Losers
From sfnewsletter: We’re really trying to stop publishing these things, but they just keep coming up. This week we have 2956 Webster in the oh so popular Cow Hollow District. This is a 2 bed, 2 bath condominium that was asking $1,279,000 was absolutely swarmed, received eight (yes 8 ) offers, four of them all … Continue reading 2956 Webster: 8 Offers, 4 Cash, 1 Winner, 7 Losers
Done Deal in Presidio Heights: 327 Locust
We’re putting 327 Locust (3 bed, 2 bath SFR condo (oops!) asking $1,798,000 selling $2,025,000) up per reader request. We acknowledge this sale closed 10/31/2007 and we are now in the beginning of 2008. The market has changed since then, but an eye-catching sale nonetheless. Or shall we say classic “competitive pricing” situation? If you’d … Continue reading Done Deal in Presidio Heights: 327 Locust
Hip Hip Hooray!…and $300,000 over (4924 17th)
We know, we know…stop cheerleading, it doesn’t serve us well. It really doesn’t indicate any sort of bearing as to our real estate market. It’s just rubbish. It only happens on the high end, but it happens, and you need to know about it. 4924 17th St. asking $3,600,000, selling $3,900,000. Listed 10/19/2007, “pending” 10/31/2007, … Continue reading Hip Hip Hooray!…and $300,000 over (4924 17th)
Hmmm….$354,000 Over Asking in a Down Market?
Is that correct? Let’s see, sales price $1,553,000, minus list price $1,199,000 equals $354,000. Is that right? Hmmm. Day offer received 9/28/07 minus list date 9/12/07 equals 16 days on the market. Is that right? It can’t be. We just said volume is down 41%. Ohhhh. We get it. We’re just being led astray that … Continue reading Hmmm….$354,000 Over Asking in a Down Market?
Tanking Market? Come Again? “That’s what she said” (1705 Broderick)
She being 1705 Broderick, a 3 bed, 3.5 bath, single family home in Lower Pacific Heights, and the pun being that she just came on the market 10/03/07 for $2,450,000 and just sold for $2,800,000. For the mathematically challenged (that includes us) that is $350,000 above asking (14.29%), a staggering month on the market (MLS … Continue reading Tanking Market? Come Again? “That’s what she said” (1705 Broderick)
It’s a cold market indeed…(130 Retiro Way: an Update)
Not too long ago, we featured a friendly wager on 130 Retiro Way in the Marina district, what it will sell for (asking $1,725,000) and what kind of remodel we’ll see. RentsUP” nailed the sales price at $1,850,000, or $125,000 above asking (7.25%). It closed yesterday. Now about the remodel? And did you buy it … Continue reading It’s a cold market indeed…(130 Retiro Way: an Update)
Nothing special, just $421,000 over asking, that’s all (1809 Diamond)
Asking $1,799,000 1809 Diamond in Noe Valley, a 5 bed, 3.5 bath, just closed for $2,220,000 or $421,000 (23.4%) above asking. Debate the pricing all you want, demand is there. We might add this home listed 9/21, and was on the market a staggering 12 days. Ahhh, what the hell. Previous sale, September 2004, $1,375,000, … Continue reading Nothing special, just $421,000 over asking, that’s all (1809 Diamond)
Noe Valley wins, Pacific Heights loses … BIG!
Way back when on July 3rd one of our readers, “Eddy”, sent in a post pitting two districts against each other titled “A tale of two districts”. We showcased two properties: 689 Douglass, which absolutely flew off the shelf, and ultimately sold for $2,050,000 from the $1,895,000 asking price (Close of escrow was 8/15/07). The … Continue reading Noe Valley wins, Pacific Heights loses … BIG!
Done Deal in the Marina and only $395,000 over (2330 Bay)
Our readers have come up with some good finds this last week, and thankfully I have some time to post them, so you can pick your jaw up off the ground along with the rest of us: Take a look at this. [2330 Bay] Closed in 21 days for almost $400,000 more [asking $2,495,000 selling … Continue reading Done Deal in the Marina and only $395,000 over (2330 Bay)
Just “Wondering”
A reader kindly asks about 2746 Gough #1 in Cow Hollow, and 120 Cherry in Presidio Heights, so I thought we’d give the answers. 120 Cherry is a home that hadn’t been on the market…ever, since it was built in 1923. (According to the “remarks”.) It is in Presidio Heights, is a trophy home, and … Continue reading Just “Wondering”
Bernal Heights strikes again (145 Coso…$309,000 over)
We’re not making this up, but it might help answer the question, “is Bernal on Fuego or Hielo?” All pricing issues aside, this is a pretty damn good find. Thanks Garrett: 145 Coso, a 3-bed, 2-bath, 13 days on the market and $309,000 above asking, which brings the sales price to $1,408,000 in Bernal. No … Continue reading Bernal Heights strikes again (145 Coso…$309,000 over)
FYI, 289 Marina ($905,000 over asking)
A reader kindly calls out, and we verify: I heard the 289 Marina Blvd. house just sold. Asking $2.795 mil… north of $3 mil…. can anybody verify? I went inside… 1950’s…. needed A LOT of remodelling. [Editor’s note: Correct. Sold for $3.7M. Seven offers.] In the nick of time? Time will tell.
Stump the Stammtisch: Bernal on Fuego or Hielo?
Being that it is the middle of summer, we’re curious to see what kind of replies we get to this post, but we hope the Stammtisch can come through nonetheless. If they can’t…readers!? “Hi, Over the past few weeks I’ve been seeing a Realtor post on Craig’s List that Bernal Heights is “on Fuego”. For … Continue reading Stump the Stammtisch: Bernal on Fuego or Hielo?
636 Steiner…an offer and a UFC style beat down!
by Alexander Clark If you’ve never seen an Ultimate Fighting Championship match you’ll have no idea what I’m talking about, and I know it’s a stretch comparing writing an offer to stepping into the Octagon and taking on the likes of Chuck Liddell, but to some of my clients, they truly feel they are getting … Continue reading 636 Steiner…an offer and a UFC style beat down!
Ask 4, get 5…MILLION! (1090 Chestnut #7 is sold $1,000,000 above asking.)
You heard us correctly. Not too long ago, 1090 Chestnut #7, a 4 bed, 3.5 bath, 3300 square foot “co-op” came on the blocks, and quickly went off…$1,000,000 over what they were asking. That makes $1500/square foot, and the best part is the low HOA’s of only $2444.26. –1090 Chestnut #7 [MLS]