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
Tag: Maximum Overbid
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
Maximum Overbid: Faster Than a Speeding Bullet
Here’s an overbid riddle for you: When can being just average also make you the best? The answer: When you’re selling a home like 1826 23rd Avenue, far and away our top overbid for the week after closing for more than $1.52 million from a $899K asking price, a margin of well over 69 percent. … Continue reading Maximum Overbid: Faster Than a Speeding Bullet
Maximum Overbid: Riding Into the Sunset
Another week, another shockingly high San Francisco western neighborhoods overbid–or at least that’s how it feels sometimes. This week’s number one overbid is once again an Outer Sunset prospect, a three bed, two bath house at 2026 47th Avenue that originally listed for $995K but closed this week for $1.6 million, a spike of more … Continue reading Maximum Overbid: Riding Into the Sunset
Maximum Overbid: The Telltale Bargain
When is a bargain not quite what it seems? When it turns into an overbid instead. That’s what happened with this week’s top overbid at 2358 41st Avenue. This two bed, one bath, Outer Sunset setup listed for $1.09-plus million less than two weeks ago, advertised as a “great price,” and closed out for $1.5 … Continue reading Maximum Overbid: The Telltale Bargain
Maximum Overbid: Top Sellers Close After Two Weeks Or Less
Even when we’re talking about overbids, money isn’t everything. After all, the most valuable commodity of all is time. Case in point, this week’s top overbid, a three bed, one bath circa 1943 house at 1735 39th Avenue, which listed for just under $1.1 million and closed this week for $1.6, more than 46 percent … Continue reading Maximum Overbid: Top Sellers Close After Two Weeks Or Less
Maximum Overbid: Great Recession Loser Returns With a Vengeance
Sometimes an overbid gives you perspective on the past as well as the current market–and boy can perspective knock you for a loop. Case in point, this week’s number one spillover is 2242 17th Avenue, a three bed, three bath Parkside house that sold this week for more than $2.2 million, 47-plus percent more than … Continue reading Maximum Overbid: Great Recession Loser Returns With a Vengeance
If You Sold Your Home For $1,355,000 Over Asking, Where Would You Go? What Would You Buy?
Just in time for the weekend. It was actually a Mission District condo that claimed the top spot on the Top 10 Overbid List (see below) at damn near 52% over asking (we calculate via percentage not $$), but have a look at 268 Wawona in West Portal… Listed at $2,895,000, barely a minute on … Continue reading If You Sold Your Home For $1,355,000 Over Asking, Where Would You Go? What Would You Buy?
From $1,550,000 To $2,310,000 | Inner Sunset Home Is Overbid Of The Week 😲
It’s the Inner Sunset taking top honors this week on our list of Top 10 Overbids with this stunning three bed, two bath home at 1387 14th Ave selling for a whopping $760,000 over list price. What an awesome home in a great location. Congratulations to both the buyers and sellers. As for the rest, … Continue reading From $1,550,000 To $2,310,000 | Inner Sunset Home Is Overbid Of The Week 😲
West Side San Francisco Is Hot | Top 10 Overbids
It’s that time…Super Bowl! Will the 49ers pull it off? We think so. But before you get to that, let’s get you dialed on the latest San Francisco Real Estate market activity. In a nutshell, new inventory is really needed. So if you’re considering a sale, get off the fence and help us out! Especially … Continue reading West Side San Francisco Is Hot | Top 10 Overbids
Maximum Overbids Of the Week Ending 9/13/19
It’s too damn hot to think….We’re talking about the weather today, not the market. How do people in other parts of the country deal with this heat all summer long? Whether you love or hate the fog, you gotta be wishing for a little of Karl right now. Anyway…top 10 Overbids of the week keep … Continue reading Maximum Overbids Of the Week Ending 9/13/19
You Win Some (326 Capp), You Lose Some (3825 19th), And We Have Something For You
Just when I get quoted in the Chronicle saying the market is “Totally Random” this happens… Well, technically the “totally random” quote came partly because of my experience getting a buyer in contract 4 weeks ago on this amazing home at 326 Capp (by way of beating out 7 other offers). We finally closed that … Continue reading You Win Some (326 Capp), You Lose Some (3825 19th), And We Have Something For You
Bernal Heights Home On Large Lot Gets 12 Offers, Sells In 5 Days
We had to put the battle armor on to get this one (232 Precita in Bernal Heights)…with 12 offers, and negotiations happening at light speed. We offered much lower than the final sales price (given the uncertainty in the market), but had to change our thinking, and change it fast. (This is exactly what I … Continue reading Bernal Heights Home On Large Lot Gets 12 Offers, Sells In 5 Days
Might As Well Just Price Homes At $1
Pricing a Single Family Home… in Bernal Heights… on a hot street… at $899,000? Come on! Well, you get the top spot on this week’s Top 10 Overbids, and the buyer gets some sweet a$$ green carpet, a vintage kitchen, and linoleum floors for the ages… Address BR/BA/Units DOM List Price Sold Price Overbid 257 … Continue reading Might As Well Just Price Homes At $1