What more can you say…the marketing remarks for 218 27th Ave say it all, “Contractors Special with Bay View from front steps. 25X120 lot; occupancy classification R3 per 3R Report; Zoning District per 3R Report RM1; This is an AS IS sale. Bring your contractors and hard hats. Laundry and 3rd bedroom is not warranted.” Listed $895,000 sold for $1,612,000 or 80% over asking. Not bad. Not bad at all.
| Address |
BR/BA/Units |
DOM |
List Price |
Sold Price |
Overbid |
|
|---|---|---|---|---|---|
| 218 27th Avenue | 3/1.00/N/A | 12 | $895,000 | $1,612,000 | 80.11% |
| 676 Capp Street | 3/1.50/N/A | 12 | $1,300,000 | $2,300,000 | 76.92% |
| 27 Cutler Avenue | 3/1.00/N/A | 20 | $569,000 | $880,000 | 54.66% |
| 1400 35th Avenue 1402 | 2-4 Units | 14 | $799,000 | $1,220,000 | 52.69% |
| 2219 25th Avenue | 2/1.00/N/A | 13 | $949,000 | $1,380,000 | 45.42% |
| 850 35th Avenue | 2/1.50/N/A | 38 | $950,000 | $1,380,000 | 45.26% |
| 2080 14th Avenue | 3/1.00/N/A | 13 | $899,000 | $1,302,080 | 44.84% |
| 12 Carson Street | 3/2.00/N/A | 10 | $1,649,000 | $2,260,000 | 37.05% |
| 51 Somerset Street | 3/1.00/N/A | 10 | $849,000 | $1,160,000 | 36.63% |
| 136 Bradford Street | 4/2.00/N/A | 43 | $899,000 | $1,225,000 | 36.26% |
I share this information so you, the buyer and seller, can get used to the idea that San Francisco real estate is not normal. I also share it for myself and my colleagues to support our claim when we go on listing presentations that there is no such thing as “you priced it too low”. You cannot price too low in San Francisco. You can definitely price too high though.
If you’re thinking about selling, give me a shout.
Alexander Clark
Paragon Real Estate Group
415-254-5351
[email protected]
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