My clients just got shelled by 16 other offers on 1761 Hayes, a top floor 2 bed, 1 bath condo in NOPA asking $849,000. We offered $1,051,000, and they accepted an offer that was “barely higher”. So here’s a thought: I’d say it’s time for many of you long time residents sitting on the selling … Continue reading Something For You Fence Sitters And Gold Panners To Ponder…
Category: Maximum Overbid ™
Top 10 Overbids Of The Week, And One Mind Bender On Church That Wouldn’t Even Make The List
[Update: Most recent Overbids can be found here, and delivered to you biweekly via email at sfnewsletter.com] Before we get down to the top 10, I thought you all might like a bit of first hand story to ponder over lunch or dinner with your friends. This property: 1850 Church, technically in Glen Park, practically … Continue reading Top 10 Overbids Of The Week, And One Mind Bender On Church That Wouldn’t Even Make The List
The House Of Haight Ashbury Vintage Gets $1.3M More, Two Potrero Hill Comps You’ll Want To Track, And More Overbids To Ponder
Before I show you the list of the top 10 overbids, have a look at the building that houses Haight Ashbury Vintage: Listed for $6,950,000 back in October, it just closed for a mere $1,300,000 more. Apparently, Vintage is more hip than you thought… I have more story. Just yesterday I heard of 25 offers … Continue reading The House Of Haight Ashbury Vintage Gets $1.3M More, Two Potrero Hill Comps You’ll Want To Track, And More Overbids To Ponder
Thankful For Overbids
The most recent top 10 overbids in San Francisco Real Estate. Hope you all had a great Thanksgiving! If you’re selling and getting out of dodge, you have much for which to be thankful. Address BR/BA/Units DOM List Price Sold Price Overbid 22 Flora 3/2.00/N/A 19 $299,888 $500,000 66.73% 306 Guerrero St 308 2-4 Units … Continue reading Thankful For Overbids
More Overbids For Your Monday
It’s another Monday, and the madness continues. Address BR/BA/Units DOM List Price Sold Price Overbid 3691 17th St 3693 2-4 Units 16 $1,499,000 $2,200,000 46.76% 127 Central Ave 129 2-4 Units 60 $1,200,000 $1,720,000 43.33% 152 Hancock St 2-4 Units 26 $1,100,000 $1,557,000 41.55% 82 Peralta Ave 3/2.00/N/A 28 $998,000 $1,380,000 38.28% 1628 York St … Continue reading More Overbids For Your Monday
Maximum Overbid Monday!
Well now that we have the government shutdown (temporarily) behind us, let’s get back to the market at hand. It would appear there is a bit of a calm washing over our waters, but open house activity is still through the roof, so we might indeed be stuck in this craziness for a while. Case … Continue reading Maximum Overbid Monday!
Maximum Overbid Of The Week: 235 28th Street, Noe Valley…
This one is hot off the presses. So hot, this property at 235 28th Street in Noe Valley still has dust billowing up around it from the flurry of bidding that just went down. — — By all accounts, this is a great, great house. Sure, it needs a little work, but could be really … Continue reading Maximum Overbid Of The Week: 235 28th Street, Noe Valley…
Maximum Overbid Of The Week: 430 Noriega Gets $725,000 Over
There is a little something I used to do back in 2003 thru 2008 (mostly on what was then sfnewsletter), then the market tanked, and so too did The Maximum Overbid Of the Week. Alas! It has returned. At the request of some long time readers, I present 430 Noriega: A wee little four bedroom … Continue reading Maximum Overbid Of The Week: 430 Noriega Gets $725,000 Over
Hows About $415,000 More Than You Were Asking? Will That Be Enough?
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?
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)