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
Tag: Maximum Overbid
Maximum Overbid: Bernal’s Heights (and lows)
One of the oldest tricks in the book for turning heads is to market a property as one that’s been off the market for decades, as in the case of this week’s top overbid, a three bed, two bath house on the north slope of Bernal Heights at 238 Rutledge. This place listed for just … Continue reading Maximum Overbid: Bernal’s Heights (and lows)
Maximum Overbid: Someone Else’s Payday
Flipping a fixer can be a formula for a quick payday, but it turns out there’s an even easier way to score a big deal, if you’re lucky enough. This week’s biggest overbid is 1787 48th Avenue, an Outside Sunset house right on the edge of the recently acclaimed Great Highway that listed for nearly … Continue reading Maximum Overbid: Someone Else’s Payday
Maximum Overbid: Make Yourself at Home
The US Census estimates that the average American move more than 11 times in their life, or about once every six or seven years. But someone just plain has to be ahead of the curve, like the case of this week’s biggest overbid, 2494 35th Avenue, a three bed, three bath Parkside house that came … Continue reading Maximum Overbid: Make Yourself at Home
Maximum Overbid: “The Worst House” Doubles Its Money
Sometimes the real estate game is simple: All you have to do is predict the future. That doesn’t require any special powers–just a reasonably good sense of the way things are going. Case in point, back in September we featured 320 Day Street, a crumbling fixer advertised as “the worst house on the best block” … Continue reading Maximum Overbid: “The Worst House” Doubles Its Money
Maximum Overbid: A New Year’s Fixer Breaks Bank
There’s nothing quite like the first overbid of the new year–in this case because it’s actually a fairly modest affair all around. The two bed, one-bath circa 1930 house at 2626 23rd Avenue sold this week after just a little over a month on the market for more than $1.5 million, or more than 134 … Continue reading Maximum Overbid: A New Year’s Fixer Breaks Bank
Maximum Overbid: A Recession Repeat Finally Wins Big
With the holiday weekend upon us–where did the time go?–not as many homes closed this week, as SF saw about 100 sales in all since last Friday. But that doesn’t mean anyone was slacking in the bidding department, as the number one taker, a two bed, two bath Inner Sunset house at 1443 16th Avenue, … Continue reading Maximum Overbid: A Recession Repeat Finally Wins Big
Maximum Overbid: A Sunset Switcheroo
If someone were paying VERY close attention to the 1800 block of 45th Avenue, they might be surprised that our top overbid for the week is 1826 45th Ave. Not because of anything to do with the house itself, but simply because this place just sold previously eight months earlier, clearing $1.2 million back in … Continue reading Maximum Overbid: A Sunset Switcheroo
Maximum Overbid: Breaking a Tie
For the second week in a row our biggest overbid lies on the westernmost edge of Noe Valley, and for the first time in memory it’s not a house but a condo. At 15 Perego Terrace a three bed, two bath setup took just under two weeks to score $1.7 million, well over the initial … Continue reading Maximum Overbid: Breaking a Tie
Maximum Overbid: Peaks In Valleys
The time has come once again to follow the money with Maximum Overbid, our weekly column examining just how much SF buyers went above and beyond when paying for a home. And for the first time in literally months, the top overbid for the week did NOT happen in the Sunset; instead it’s a Noe … Continue reading Maximum Overbid: Peaks In Valleys
Maximum Overbid: Stuffed With Thanks
This being a short week with a holiday, you’d imagine it wouldn’t be as busy on the homes front. And you’d be right; whereas an average of 161 homes closed each week in 2021 thus far, for the past seven days it was just 91. With things a little bit quiet, maybe this is an … Continue reading Maximum Overbid: Stuffed With Thanks
Maximum Overbid: When Nothing Changes But The Sale Price
The home team came really close to number one spot this week’s rankings, after the Front Steps sale of 264 24th Avenue scraped up against a million dollars over the listing price after just 11 days on the market. But the biggest winner actually closed the deal last Friday on the other side of Golden … Continue reading Maximum Overbid: When Nothing Changes But The Sale Price
Kinda knocked it outta the park on this one
Months of preparation paid off after two weeks on the market, 9 offers, and $905,000 over asking (and we’re STILL not the top Overbid…how insane is that!?)…764 24th Ave is sold, and sold for $2,900,000. Details of the property can be found by following this link. I had the pleasure of helping my clients spruce … Continue reading Kinda knocked it outta the park on this one
Maximum Overbid: Sunset Surprise
Overbids are entertaining, but skeptical housing watchers always have to wonder whether they’re the result of real market forces or just canny sellers pricing low (although arguably the latter IS a market force–just not necessarily one we account for a lot of the time). It’s always more fun to imagine that the top seller for … Continue reading Maximum Overbid: Sunset Surprise
Maximum Overbid: Did a Castro Condo Sell For $165 Million? (Spoiler: No, But We Can Dream)
Ordinarily the phrase “Maximum Overbid” is a figure of speech, but in this case it’s seemingly quite literal, as we have indeed recorded seemingly the highest overbid in the history of San Francisco; a shame it’s too good to be true. As you can see from the table below, 336 Cumberland Street, an enterprising Castro … Continue reading Maximum Overbid: Did a Castro Condo Sell For $165 Million? (Spoiler: No, But We Can Dream)
Maximum Overbid: When You Try To Lose But Win Anyway
This week’s number one overbid, 1559 18th Avenue, barely ekes its way into first place by clearing just over 152.5 percent of its asking price after a mere eight days on the market, which in any other context would sound incredible but in SF is really just normal, if you can wrap your brain around … Continue reading Maximum Overbid: When You Try To Lose But Win Anyway