In May, a Michigan Facebook user declared, “The new Millennial dream is a housing market crash.” More than 2,600 people Liked or Loved that sentiment; when a larger page recycled the post, it got approval from over 327,000 users. Variations of this meme have floated around social media for years. Although usually presented as a … Continue reading Should We Pray For a Housing Crash?
Category: market info
Maximum Overbid: When Less Really Is More
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
Maximum Overbid: What’s To Fix In This “Fixer?”
They advertised this place as a “fixer,” but in truth there’s nothing visibly wrong with it. So what’s the deal?
Everyone Is About To Lose Their Minds About SF’s Vacancy Rate
Everybody hates the vacancy rate in San Francisco, even though relatively few understand what that figure means. The vacancy rate of course is the measure of the number of housing units currently without tenants. While that seems like a straightforward concept, in practice its ramifications are really quite diverse. A huge amount of the sturm … Continue reading Everyone Is About To Lose Their Minds About SF’s Vacancy Rate
Maximum Overbid: In Which We Are Surprised We Can Still Be Surprised
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
SF’s Population Is Dropping Again, But Almost Nothing About That Matters
Yes, it’s true what you’ve heard: San Francisco’s population declined yet again in 2021, according to new estimates released by the California Department of Finance. But as we’ll get to in a minute, almost none of the things people assume about that fact are relevant, and indeed, in some ways there’s nothing to see here, … Continue reading SF’s Population Is Dropping Again, But Almost Nothing About That Matters
Maximum Overbid: The Weirdest Sale of the Year?
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?
No, SF Home Prices Did Not Really Skyrocket 20 Percent
The headlines at some other outlets last week (ostensibly based on some Zillow numbers) had it that home prices in SF are up 20 percent just since January. We’ll admit, that does sound dramatic; problem is, it’s just not true, although the actual statistic is kind of within that ballpark. We’ll just look at the … Continue reading No, SF Home Prices Did Not Really Skyrocket 20 Percent
Maximum Overbid: Easy Street
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
Maximum Overbid: A House Flip That’s Still Flipping
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
‘Maximum Overbid’: The Sunset’s Millions
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
Maximum Overbid: From $27K to $1.65M
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
Maximum Overbid: A Sunset Home For a Pac Heights Price
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
Maximum Overbid: Where In SF Can You Find a Million-Dollar Listing?
The Bravo show Million Dollar Listing has been a consistent hit for about a decade now, but its San Francisco spin-off lasted only one season. Maybe the problem was the title: In SF, a million-dollar listing is probably selling itself short. That was the case with this week’s top overbid, a two bed, two bath … Continue reading Maximum Overbid: Where In SF Can You Find a Million-Dollar Listing?
Maximum Overbid: What’s a Fair Home Price Anyway?
As usual, this week’s top overbid is on the west side of town, but this time north of the park, at 287 24th Avenue in the Richmond, which managed a downright vertigo-inducing 67.25 percent overbid for this three bed, two bath, circa 1916 home. When a sale goes way, way, WAY over asking, we’re left … Continue reading Maximum Overbid: What’s a Fair Home Price Anyway?
Maximum Overbid: Doubling Your Money In Just Nine Short Years
San Francisco is always changing: For example, there’s the case of this week’s top overbid, a two bed, one bath Outer Sunset beach house at 2142 44th Avenue. The final sale price of more than $1.45 million is well over 162 percent of the asking price from the end of February–a mere $895K. Again, this … Continue reading Maximum Overbid: Doubling Your Money In Just Nine Short Years