Overbids are entertaining, but skeptical housing watchers always have to wonder whether they’re the result of real market forces or just canny sellers pricing low (although arguably the latter IS a market force–just not necessarily one we account for a lot of the time). It’s always more fun to imagine that the top seller for … Continue reading Maximum Overbid: Sunset Surprise
Category: Maximum Overbid ™
Maximum Overbid: Did a Castro Condo Sell For $165 Million? (Spoiler: No, But We Can Dream)
Ordinarily the phrase “Maximum Overbid” is a figure of speech, but in this case it’s seemingly quite literal, as we have indeed recorded seemingly the highest overbid in the history of San Francisco; a shame it’s too good to be true. As you can see from the table below, 336 Cumberland Street, an enterprising Castro … Continue reading Maximum Overbid: Did a Castro Condo Sell For $165 Million? (Spoiler: No, But We Can Dream)
Maximum Overbid: When You Try To Lose But Win Anyway
This week’s number one overbid, 1559 18th Avenue, barely ekes its way into first place by clearing just over 152.5 percent of its asking price after a mere eight days on the market, which in any other context would sound incredible but in SF is really just normal, if you can wrap your brain around … Continue reading Maximum Overbid: When You Try To Lose But Win Anyway
Maximum Overbid: Faster Than a Speeding Bullet
Here’s an overbid riddle for you: When can being just average also make you the best? The answer: When you’re selling a home like 1826 23rd Avenue, far and away our top overbid for the week after closing for more than $1.52 million from a $899K asking price, a margin of well over 69 percent. … Continue reading Maximum Overbid: Faster Than a Speeding Bullet
Maximum Overbid: Riding Into the Sunset
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
Maximum Overbid: The Telltale Bargain
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
Maximum Overbid: Top Sellers Close After Two Weeks Or Less
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
Maximum Overbid: Great Recession Loser Returns With a Vengeance
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
Photo Finish For Weekly Overbids
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
SF Overbids: “Fixer-Upper” Worth $1.45 Million Anyway
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
Forest Hill Craftsman Overbid Returns
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
Top SF Overbids: Westwood Park Basement Breaks the Bank
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
If You Sold Your Home For $1,355,000 Over Asking, Where Would You Go? What Would You Buy?
Just in time for the weekend. It was actually a Mission District condo that claimed the top spot on the Top 10 Overbid List (see below) at damn near 52% over asking (we calculate via percentage not $$), but have a look at 268 Wawona in West Portal… Listed at $2,895,000, barely a minute on … Continue reading If You Sold Your Home For $1,355,000 Over Asking, Where Would You Go? What Would You Buy?
Two Houses on the Same Street Selling $1,000,000 + Over Asking…Ahhh San Francisco
I mean, where does one begin to comprehend some of these overbids. At quick glance of the top 20 Overbids for the past two weeks there are two properties that sold over $1,000,000 above asking, and another that was damn close to that! 330 San Leandro Way, $1,040,000 over asking 195 San Leandro Way, $1,405,000 … Continue reading Two Houses on the Same Street Selling $1,000,000 + Over Asking…Ahhh San Francisco
Outer Sunset Home Sells $401,000 Over Asking | Ocean Beach Surfers Everywhere Shake Their Heads
It’s safe to say people still want to live in San Francisco, especially San Francisco’s Outer Sunset District. With 1919 47th Ave listing at $999,000, and selling for $1,400,000 (mind you we’re still technically in the grips of this pandemic), one can only shake their head in disbelief. This is not the only insane overbid. … Continue reading Outer Sunset Home Sells $401,000 Over Asking | Ocean Beach Surfers Everywhere Shake Their Heads
From $1,550,000 To $2,310,000 | Inner Sunset Home Is Overbid Of The Week 😲
It’s the Inner Sunset taking top honors this week on our list of Top 10 Overbids with this stunning three bed, two bath home at 1387 14th Ave selling for a whopping $760,000 over list price. What an awesome home in a great location. Congratulations to both the buyers and sellers. As for the rest, … Continue reading From $1,550,000 To $2,310,000 | Inner Sunset Home Is Overbid Of The Week 😲