1315minnagarage

Maximum Overbid Of The Week | Welcome To The Mission | Kitchen & Bath Not Included

From the Outer Richmond last week, to the heart of the Sunset this week, the Western edge of San Francisco continues to take top honors on the Overbid list.

Perhaps a little less baffling than last week’s, and also a case of clearly underpricing a property, this little gem at 2724 Ortega just fetched nearly 40% more than asking ($849,000 to $1,135,000). To be perfectly honest, it sold exactly at a reasonable price, so there is not much of a story on this one, buuuttt…

Have a look at 1315 Minna, which took second fiddle, in the oh-so hip and happening Inner Mission District..definitely a kitchen suitable for Easter Brunch, or Thanksgiving Dinner.


From $999,000 to $1,328,000…. our friends around the world are collectively shaking their heads in disbelief. As for us, it’s all too familiar.

Top 10 Maximum Overbids Of the Week | San Francisco

Address BR/BA/Units DOM List Price Sold Price Overbid
2724 Ortega Street 3/2.00/N/A 14 $849,000 $1,135,000 33.69%
1315 Minna Street 2/1.00/N/A 21 $999,000 $1,328,000 32.93%
635 38th Avenue 3/3.00/N/A 13 $1,495,000 $1,915,000 28.09%
6 Berkeley Way 4/3.50/N/A 15 $1,298,000 $1,650,000 27.12%
3392 16th Street 2/1.25/ 12 $995,000 $1,245,000 25.13%
73 Naples Street 3/2.00/N/A 12 $749,000 $927,000 23.77%
1045 Church Street 3/1.00/N/A 19 $1,799,000 $2,225,000 23.68%
1039 Treat Avenue 2/1.00/ 4 $1,099,000 $1,350,000 22.84%
2679 43rd Avenue 3/1.00/N/A 9 $749,000 $920,000 22.83%
1056 Cole Street 3/1.00/ 13 $1,095,000 $1,310,000 19.63%

For information about any of the sales you see above, about San Francisco, or our market, have a look around the site..it’s loaded with great information. Better yet, give us a shout and we’ll get you sorted.

Have a great weekend!

4027Clement

March Madness Starts Early In San Francisco | Overbids That Will Make You Freak

On this rainy March Friday as you sit and wonder about the world outside, what better than some jaw-dropping Overbids to rattle your mental cage.
4027clementLR
Top of the list this week is 4027 Clement Street, a very awesome little house in the Outer Richmond with a certain “je ne sais quoi” that took it next level overbidding madness (when someone loves it, they love it), and as a result it sold for 63% over asking at $1,625,000 from a $998,000 list price…that’s $627,000 above for all of you math challenged individuals or non-residents of San Francisco that find that kind of math simply absurd (it is, really). Rumor has it 17 offers came in (that leaves 16 buyers still looking for something like this if you have something to sell), but it was that one person that just had to have it, and that’s often the case.

Speaking of buyers that “had to have it”, I thought the recent listing I just closed in Cole Valley at 179 Carl that sold for $505,000 over would at least make the top 10…alas, it didn’t even make the top 20. Chew on that for a little while…

Top 10 Overbids of the Week, San Francisco:

Address BR/BA/Units DOM List Price Sold Price Overbid
4027 Clement Street 3/2.00/N/A 8 $998,000 $1,625,000 62.83%
2055 20th Avenue 2/1.00/N/A 16 $598,888 $952,000 58.96%
3373 22nd Street 4/3.50/N/A 8 $2,450,000 $3,475,000 41.84%
1115 Rivera Street 4/2.00/N/A 7 $995,000 $1,380,000 38.69%
2234 38th Avenue 3/1.00/N/A 35 $849,000 $1,150,000 35.45%
479 Texas Street 2/2.00/1 9 $1,049,000 $1,385,000 32.03%
832 Page Street 2/1.00/ 12 $1,050,000 $1,377,500 31.19%
115 Dalewood Way 3/2.00/N/A 7 $1,195,000 $1,550,000 29.71%
2075 Sutter Street 2/2.00/215 14 $995,000 $1,275,000 28.14%
271 27th Street 2/1.00/ 7 $1,050,000 $1,300,000 23.81%

There you have it, March Madness and overbids that will make you freak. The market is cooling, for sure ;-)

Have a great weekend, we’re here to help you buy or sell when the time is right.

[Editor’s Note: Overbids are calculated on a percentage basis, not dollars over.]

1078yorkfront

Inner Mission Victorian Fixer Sells $320,000 Over List | In Knoxville That Buys You This…

Not to be outdone by any of the fixers clinching the top spot on a few of our previous top 10 Overbids1078-80 York, a two unit in San Francisco’s hot, hotter, hottest Inner Mission District, just closed for only $320,000 over ask.


(People around the world scratching their heads thinking, “Is this guy nuts? I could buy an entire house (maybe in Knoxville) for what this person just paid over asking on this piece o’ hooey property that doesn’t even have a kitchen!?”) Yessir, it’s what many would call a “dump”, but not us, and it actually has two kitchens…granted they don’t work, but this property right here is a diamond in the rough and we’d go so far as to say this buyer scored a great property at a very fair price, in a very hot location, location, location.

As for the rest of the top 10, here you go:

Address BR/BA/Units DOM List Price Sold Price Overbid
1078 York Street 80 2-4 Units 7 $995,000 $1,315,000 32.16%
1751 La Salle Avenue 5/1.50/N/A 60 $625,000 $805,000 28.80%
361 Texas Street 3/2.00/N/A 15 $1,795,000 $2,300,000 28.13%
1015 Ashbury Street 2/2.00/2 8 $1,095,000 $1,350,000 23.29%
1444 17th Avenue 2/2.50/101 5 $1,299,000 $1,600,000 23.17%
149 Shipley Street 3/2.00/ 9 $988,000 $1,180,000 19.43%
3919 17th Street 1/1.00/ 0 $895,000 $1,065,000 18.99%
79 Seward Street 3/2.00/N/A 6 $1,995,000 $2,350,000 17.79%
2919 Pacific Avenue 2/2.00/6 8 $1,249,000 $1,457,000 16.65%
2932 26th Avenue 3/2.00/N/A 14 $1,425,000 $1,650,000 15.79%

To wrap this week up, the market is shifting. All signs point to this being a fantastic time to sell your property, and we are experts at doing just that. Give us a shout and we’ll git ‘er done.

1078-80 York, Inner Mission District [The Goods]
More market data than you could ever want [The Goods]
709 Loop Rd, Knoxville, TN [Redfin]
Information for sellers [theFrontSteps]

227547thave

Maximum Overbid Of The Week | Outer Parkside

It had to be the lion blanket, because apparently the original $1,099,000 list price wasn’t enough to entice the frenzy. So what happened? Price reduced to $995,000, and look at that…sold for $1,225,000. In case you missed that, that’s higher than the previous list price two short months prior, at which this home was unable to find a buyer. Some things in life simply make no sense.

Anyhow, here are the Top 10 Overbids for the past week in San Francisco

Address BR/BA/Units DOM List Price Sold Price Overbid
2275 47th Avenue 4/2.50/N/A 88 $995,000 $1,225,000 23.12%
1655 48th Avenue 2/1.00/N/A 14 $629,000 $762,000 21.14%
471 23rd Avenue 2/1.00/6 33 $688,000 $810,000 17.73%
988 Fulton Street 1/1.00/326 60 $474,000 $555,000 17.09%
1055 Mason Street N/A/N/A/19 18 $5,000,000 $5,800,000 16.00%
149 Laidley 3/2.00/N/A 25 $1,695,000 $1,950,000 15.04%
2908 Fulton Street 2914 2-4 Units 49 $1,290,000 $1,473,000 14.19%
448 Gold Mine Drive 4/3.00/N/A 12 $1,395,000 $1,558,000 11.68%
2130 12th Avenue 2/2.00/N/A 52 $899,000 $1,000,000 11.23%
30 Otsego Avenue 3/2.00/N/A 13 $1,199,000 $1,300,000 8.42%

Have a great weekend!

Maximum Overbid of the Week | Bernal Heights Fixer Wins Again

It’s Friday! Yeah! (If you’re not a Realtor who works every weekend.) That means overbids, and look at that, another fixer takes the cake. This time it’s 554 Anderson in Bernal Heights, a 2 bed, 1 bath home listed for $549,000 and sold for $920,000. As for the rest of the top 10, I think this is the first time we’ve seen the list not contain one single property over $2,000,000.

Top 10 San Francisco Real Estate Overbids:

Address BR/BA/Units DOM List Price Sold Price Overbid
554 Anderson Street 2/1.00/N/A 10 $549,000 $920,000 67.58%
1397 12th Avenue 2/1.00/ 38 $525,000 $750,000 42.86%
2751 23rd Street 2753 2-4 Units 14 $1,200,000 $1,700,000 41.67%
2077 Jackson Street 2/2.00/301 21 $995,000 $1,220,000 22.61%
933 Stanyan Street 3/2.00/ 9 $1,399,000 $1,700,000 21.52%
264 Grand View Avenue 1/1.00/N/A 37 $998,000 $1,192,999 19.54%
191 Cleo Rand 2/1.50/ 15 $528,000 $630,000 19.32%
566 South Van Ness Avenue 2/2.00/9 76 $795,000 $945,000 18.87%
518 Oak Street 2/1.00/N/A 13 $1,249,000 $1,475,000 18.09%
1535 Oak Street 1/1.00/2 41 $699,000 $815,000 16.60%
14thst

Top Floor Teaser Sells $502,000 Over List | Mission Dolores | Maximum Overbid

Who prices a top floor Mission Dolores 2 bed, 2.5 bath, 1328 square foot condo WITH PARKING, and roof deck, in the epicenter of hip at $998,000 anyway! Everyone knows the going rate is at least $1000 per square foot. Teaser price. Teaser.

14thkit

Anyhow, this week’s top spot on the list of jaw dropping Overbids goes to 425 14th Street #4. A sweet condo in a hot location with everything you need to live the San Francisco dream.

Address BR/BA/Units DOM List Price Sold Price Overbid
425 14th Street 2/2.50/4 13 $998,000 $1,500,000 50.30%
1534 44th Avenue 3/2.50/N/A 14 $899,000 $1,280,000 42.38%
1351 10th Avenue 3/2.00/N/A 16 $1,189,000 $1,665,000 40.03%
472 12th Avenue 2/1.00/ 22 $899,000 $1,250,000 39.04%
1459 31st Avenue 4/2.00/N/A 21 $995,000 $1,290,000 29.65%
724 Masonic Avenue 2/1.00/ 13 $997,000 $1,280,000 28.39%
2514 40th Avenue 3/2.00/N/A 12 $799,000 $1,020,000 27.66%
15 Scotia Avenue 3/2.00/N/A 11 $688,000 $868,000 26.16%
1497 Palou Avenue 4/3.00/N/A 39 $719,000 $905,000 25.87%
333 Dellbrook Avenue 2/1.00/N/A 13 $925,000 $1,150,000 24.32%

To the listing agents, who I know very well, thank you for understanding all of what I say is all in good fun. You did what you had to do, and you got the job done. :-)

Have a great weekend!

More Real Estate Porn [The Goods]

18prospect

Maximum Overbid Of The Week | Kitchen & Bathroom Cost Extra In Bernal Heights

With so many great pictures from which to choose, how do you pick just one? You don’t. You must see to believe… 18 Prospect, a 3 bed, 1 bath, single family in Bernal Heights takes this week’s Overbid cake giving new meaning to the term “development opportunity”.

Listed at $829,000 and SOLD for $1,250,000 (cash of course), it should come as no surprise it gets top Overbid honors. How do you price the ultimate fixer? You price it low, and let it go. Whether it comes with a kitchen and bath, or not, is up for debate. Looks like neighbor building is next.

Address BR/BA/Units DOM List Price Sold Price Overbid
18 Prospect Avenue 3/1.00/N/A 11 $829,000 $1,250,000 50.78%
185 Stonecrest Drive 3/2.00/N/A 13 $998,000 $1,388,000 39.08%
1771 39th Avenue 3/2.00/N/A 27 $849,000 $1,170,000 37.81%
627 46th Avenue 2/1.00/N/A 13 $799,000 $1,061,000 32.79%
1355 Holloway Avenue 2/2.00/N/A 14 $988,888 $1,308,500 32.32%
4130 21st Street 2/1.50/N/A 12 $1,298,000 $1,710,000 31.74%
2750 Harrison 3/2.00/top 8 $1,050,000 $1,380,000 31.43%
2829 California Street 2/2.00/4C 15 $1,899,000 $2,455,000 29.28%
336 Jules Avenue 2/2.00/N/A 16 $798,000 $1,030,000 29.07%
320 Alabama Street 2/2.00/15 11 $1,048,000 $1,350,000 28.82%

It’s important to note, these properties had largely gone into contract a few weeks (or more) ago…there is potentially a shift in the tide happening at the moment. We are seeing more properties set offer dates and not receive any. Price reductions are starting to happen, and the behind the scenes pleading from my colleagues to “bring your buyers, motivated sellers” are increasing. Could we have reached the peak? Time will tell. For now, there are still far too many buyers for the limited amount of property available, so any change ain’t happening overnight, but it might be happening.

Stay tuned…

San Francisco New Listings, Recent Sales, Overbids, Underbids and more [theGoods]

59cumberland

The Money Is In The Attic | Maximum Overbid Of the Week

It’s a 2* unit property on Cumberland in the oh-so hip Mission Dolores neighborhood of San Francisco that takes this week’s Maximum Overbid cake at a cool $1,153,367 over list price.
cumberlandrear
It’s a sweet, sweet, big property in a great location, so I say hat’s off to the lucky buyers.

As for the rest of the pack…here you go. The weekly top 10.

Address BR/BA/Units DOM List Price Sold Price Overbid
59 Cumberland Street 61 2-4 Units 18 $2,295,000 $3,448,367 50.26%
3775 16th Street 4/2.00/N/A 16 $1,399,000 $2,000,000 42.96%
607 Shotwell Street 1/1.00/ 7 $499,000 $701,000 40.48%
3235 Gough Street 2/2.00/104 7 $995,000 $1,360,000 36.68%
4049 19th Avenue 5/3.00/N/A 37 $799,900 $1,090,000 36.27%
1530 12th Avenue 3/2.00/N/A 13 $1,295,000 $1,750,000 35.14%
507 Silver Avenue 2/2.50/N/A 31 $699,000 $941,000 34.62%
478 Hoffman Avenue 3/1.50/N/A 15 $1,795,000 $2,400,000 33.70%
2071 18th Avenue 3/2.00/N/A 16 $995,000 $1,328,000 33.47%
240 Winfield Street 2/1.00/N/A 7 $845,000 $1,120,000 32.54%

That’s all fine and good, but what about the Underbids? Because you can actually get things for UNDER asking in San Francisco. You just have to be really, really lucky.

Check back next week for more market madness, two new listings I have coming up (Nob Hill, Golden Gate Heights), and if I find more time, some real good ol’ fashioned blogging.

Have a great weekend!

The Goods (Recent Sales, New Listings, Overbids, Underbids, and More) [Alexander Clark]

1447-1449 Guerrero Sells $705,000 Over, But There Is More…

I’m going to make you cry…and then I’m going to make you cry more. Here’s how:

Last sold in 2007 for $995,000, 1477-1479 Guerrero just clinched this week’s top spot on the list of insane overbids coming in a meager $705,000 above the $995,000 asking price (note…same asking price as selling price in 2007) and closing for a cool $1,700,000. It might even come with this guy:

guerrero

If that doesn’t make you cry, or at least make your head spin, this will. According to MLS, this property was marketed only two years ago in June of 2013 at $1,295,000 with the EXACT same marketing spiel (including proximity to tech shuttles), same great photos, same great tenants, but it didn’t sell and was pulled off the market a short time later. Fast forward two years, add $500,000 and it’s sold! The Maximum Overbid of The Week.

As for the top 10, here you go:

Address BR/BA/Units DOM List Price Sold Price Overbid
1477 Guerrero Street 1479 2-4 Units 8 $995,000 $1,700,000 70.85%
734 39th Avenue 4/2.00/N/A 12 $1,049,000 $1,550,000 47.76%
139 San Leandro Way 4/2.50/N/A 9 $1,895,000 $2,635,000 39.05%
4301 Cesar Chavez Street 3/2.00/N/A 2 $1,795,000 $2,380,000 32.59%
1919 Jennings Street 2/1.00/N/A 22 $495,000 $655,000 32.32%
935 Avalon Avenue 2/1.00/N/A 26 $669,000 $870,000 30.04%
3519 Lawton Street 3/2.00/N/A 14 $925,000 $1,200,000 29.73%
1726 48th Avenue 4/3.00/N/A 12 $829,000 $1,050,000 26.66%
4010 San Bruno Avenue 3/1.50/N/A 15 $699,000 $880,000 25.89%
1001 Portola Drive 3/2.00/N/A 27 $995,000 $1,250,000 25.63%

Keep in mind these properties got into contract on average 30 days ago. There might be a little shift in the market happening, but we’ll have to wait a bit to see. A note to you buyers…if a property is on the market, has an offer date, doesn’t get offers, then reduces their price, and your agent advises you to come in OVER asking (often times over the original list price), find out what they’re smoking, because I want some.

Have a great weekend!

Image Source: SocketSite.com

Maximum Overbid Of The Week | “Corpse House” Wins | HazMat Suit Sold Separately

It’s the house that had not only a hoarder, but a mummified corpse father of said hoarder that takes top honors this week. Originally listed for $928,000, 152 4th Ave buyers jumped at this house, put it in contract for $1,029,500, and sent it to court for overbids. With the hoarding daughter hospitalized and hopefully getting help, 152 4th Ave now has new owners and a final sales price —$1,560,000—HazMat suit sold separately.

Address BR/BA/Units DOM List Price Sold Price Overbid
152 4th Avenue 2/2.00/N/A 38 $1,029,500 $1,560,000 51.53%
175 Boutwell Street 1/1.00/N/A 14 $399,000 $561,000 40.60%
1440 15th Avenue 4/2.00/N/A 18 $998,000 $1,350,000 35.27%
648 Felton 4/1.00/N/A 14 $749,000 $1,008,000 34.58%
160 Boutwell Street 1/1.00/N/A 15 $399,950 $535,000 33.77%
37 Miguel Street 2/1.00/2 13 $899,000 $1,200,000 33.48%
3974 18th Street 2/1.50/ 13 $1,249,000 $1,650,000 32.11%
25 Sierra Street 3/2.50/505 12 $1,299,000 $1,701,078 30.95%
178 Holladay Avenue 2/2.00/N/A 12 $995,000 $1,300,000 30.65%
119 Madrid Street 3/2.50/N/A 18 $799,000 $1,038,000 29.91%

In case you track these, we changed the feed and it now pulls weekly top 10, rather than past two weeks. So check back every Friday.

Have a great weekend!

152 4th Ave, San Francisco [Property Detail Page]
New Listings, Recent Sales, Top 20 Overbids, Top 20 Underbids, Stalefish [the Goods]
Corpse Found Inside Hoarder’s Home [SocketSite]
Creepy Lake District “Mummy House” Returns for $928k [Curbed]
1793 Sanchez St, For Sale, Glen Park [theFrontSteps]