It’s that time of year again when the San Francisco real estate market starts ramping up, so what better time than now to get back into our weekly* list of Top 10 Overbids. Those of you that are familiar with theFrontSteps, and previously sfnewsletter, know that I’ve been putting these lists out for the better … Continue reading Believe it or not: Overbids, but how?
You read that right, a fixer listed for $3,500,000 at 3666 Baker just closed $1,166,000 over asking for a $4,666,000 sales price. That ain’t spooky Halloween sh*t either. (If you miss the 666 reference I feel for you.) Such is the life of buying and selling in San Francisco. Kinda like when you walk down … Continue reading Marina District Home Sells $1,166,000 Over Asking, Market Corrects?
This week’s top overbid is the overweeningly handsome 300 Twin Peaks, a four bed, four bath blue number that sold for $3.15 million after two weeks on the market. According to CoreLogic, this place has never sold before: The last sale (in 1988) was for just the land, coming out to $637,500; the house itself … Continue reading Maximum Overbid: First-Time Sale Goes Way Over
It was another downbeat week for oversells, at least compared to the surreal highs we’ve been used to for the past 12 months and more. For all that, the top seller this week, 150 Morningside, still landed more than $2.4 million and only needed a round dozen days on the market to seal the deal. … Continue reading Maximum Overbid: The Photos Really Do Matter
Looks like last week’s slow week for overbids was just that: A slow week. This week on SF’s housing front everything is right back to the business of business as usual, with a top overbid that not only cracks 150 percent of the asking but also buried its previous record sale price. 1530 44th Avenue … Continue reading Maximum Overbid: Summer Slowdown Speeds Right Back Up
Sometimes it’s the minor things you really love: In this case, certain floorplans. Truth is, there’s actually nothing all that remarkable about the layout of our top overbid of the week, the Outer Richmond’s 536 44th Avenue; used to be you saw home just like this top the sales charts all the time. The key … Continue reading Maximum Overbid: Laying Out a Classic $2 Million ’80s Home
Houses do not have memories, and they do not have opinions about how much they sell for. But if they did, this would be a proud day for 114 Crescent Avenue in Bernal Heights, because this week the three bed, two bath house with the minty green facade can finally put its last unhappy sale … Continue reading Maximum Luxury: A Recession Loss Doubles Down
Our top two overbids this week are on paper very similar affairs, being western neighborhood houses that were just about the same size, listed just a little bit more than a week apart for almost the same sum, and sold within a few days of each other for close to the same money as. The … Continue reading Maximum Overbid: When Less Really Is More
They advertised this place as a “fixer,” but in truth there’s nothing visibly wrong with it. So what’s the deal?
It’s long since time we learned not to speak too soon when it comes to SF’s housing heights, but here we are once again. Last week we noted that the then-most recent Maximum Overbid was the sort of sale that can still shock even the most jaded of housing watchers. Now along comes a different … Continue reading Maximum Overbid: In Which We Are Surprised We Can Still Be Surprised
If you’ve been reading Maximum Overbid for a while then you know that you can’t take every home sale at face value. Case in point, our top overbid of the week is a choice three bed, three bath house at 929 Diamond Street in the Noe Valley Hills, which was only on the market for … Continue reading Maximum Overbid: The Weirdest Sale of the Year?
Sometimes no news really is good news. Oftentimes our weekly top overbid has something remarkable going for it: A recent renovation, a hot trend, a strategic price change or recent sale that marks this home as a prime mover. But the number one spot this week, a lovely Marina-esque number from 1931 with three beds … Continue reading Maximum Overbid: Easy Street
This week’s top overbid is a three-bedroom Parkside house at 1923 30th Avenue that sold after just 10 days on the market, netted $2.1 million, and hit more than 175 percent of the original list price. That sentence would turn people’s brains into solid blocks of chalk in most markets, but it’s just another week … Continue reading Maximum Overbid: A House Flip That’s Still Flipping
Over on the Richmond Review, we wrote this week about how San Franciscans, both homeowners and renters alike, tend to stay in one place in the western neighborhoods more often than for the city at large. But that’s got to be getting harder for at least some of the home-owning class, because the temptation to … Continue reading ‘Maximum Overbid’: The Sunset’s Millions
This week’s top overbid really is a product of another time: The two-week Parkside sale at 2626 26th Avenue listed for just under $1 million but ended up clearing $1.65 million, making the initial offer look downright naive. But maybe that’s because this true blue, two bed, one bath cottage really hasn’t been sold in … Continue reading Maximum Overbid: From $27K to $1.65M
Today’s lesson: How to make $3 million in just ten easy days. Or was it actually five years? Or more than that? It depends on your perspective. Certainly the number is right: Our top overbid for the week, a four bed, three bath Outer Sunset setup at 1591 43rd Avenue closed a deal this week … Continue reading Maximum Overbid: A Sunset Home For a Pac Heights Price