Just when you think you’ve seen it all, along comes a property on Clayton Street in the Haight Ashbury district (might as well call it Cole Valley too) that drops the jaw just a little bit more. For all practical purposes, this property was really nice. It had a wonderful upper two level unit with … Continue reading Hows About $415,000 More Than You Were Asking? Will That Be Enough?
Category: Maximum Overbid ™
139 Corbett, Asking $799,000, Receiving 30+ Offers: Where Will It Be When The Dust Settles?
At what point do you, dear fellow colleague and wonderful real estate companion, stop and say, “Okay, maybe I under-priced this property a bit, so I’ll just go ahead and raise the marketing price $100,000 now, so I don’t make a lot of agents and their buyers think they stand a snowball’s chance in hell … Continue reading 139 Corbett, Asking $799,000, Receiving 30+ Offers: Where Will It Be When The Dust Settles?
But It’s A Buyer’s Market
Any of you see this article on Yahoo! about US Cities Where Homes Sell The Fastest? Gather ’round…I have a story for you. Yesterday, on behalf of my clients, I presented a full asking price, ALL CASH (that’s $1,350,000 George Washingtons), two week to close, sellers may “rent-back” ’til November offer on 49 Alma Street … Continue reading But It’s A Buyer’s Market
Hi, I’m 118 Vernon And I Just Received 30+ Offers
–118 Vernon, 2 bed, 1 bath, SFR, $399,000
$201,000 Over Asking? We Kid You Not (1941 Leavenworth)
Stranger things have been known to happen. — Just today, 1941 Leavenworth, a 4 bed, 3.5 bath, single family home in Russian Hill, closed escrow for a cool $2,000,000. Asking price, $1,799,000…in this market!? Guess it’s not THAT bad after all. Oh yeah, we forgot to add…six make that eight offers.
43% over (asking) on 2190 Broadway 9W ($5,000,000)
Just a bit busy, so this from today’s sfnewsletter: “Hi Alex, I just heard a rumor that 9W at 2190 Broadway asked for $3.45M and closed for $5M. An overbid of 43%?” Rumor mill says…TRUE! Also true: that puts the price per square foot of this condo that “needs updating” at $1,562.50; HOA dues are … Continue reading 43% over (asking) on 2190 Broadway 9W ($5,000,000)
The Wall Street Journal reports on Overbids?
Aldo Congi…Capo di Capi telling it like it is. Andrew, you kind of fumbled a bit, but we’ll let it slide. And who was that that walked out of the bathroom in the middle of your interview!? Gasp…. No way! It’s not happening. Really it’s not. The market has tanked. This report was from 2005. … Continue reading The Wall Street Journal reports on Overbids?
A Done Deal at 3647 Washington ($910,000 over asking)
We’ve been through the over/under debate countless times, but when the big ones hit we have no choice other than high-light them, and 3647 Washington is no exception. According to MLS, this five bedroom, four and one half bath single family home in Presidio Heights hit the market March 26th at $3,595,000, spent a staggering … Continue reading A Done Deal at 3647 Washington ($910,000 over asking)
$600,000 over asking on Avila?
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?
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)