Before I show you the list of the top 10 overbids, have a look at the building that houses Haight Ashbury Vintage:
Listed for $6,950,000 back in October, it just closed for a mere $1,300,000 more. Apparently, Vintage is more hip than you thought…
I have more story. Just yesterday I heard of 25 offers on this condo on Missouri in Potrero Hill, and there will be many on this other condo on Mississippi, but those are not done deals. Get on the list and know when they close.
So…the overbids. Regardless of where these are priced, consider the number of buyers out there bidding on what little inventory we have, which ultimately drives the price up. Think it’s just a matter of pricing below comps to eventually get to market? I don’t. The data shows staggering growth in SF, and a possible plateau, but the truth is, buyers far outnumber sellers, and until those two numbers meet in the middle, we can expect another year of mind boggling overbids. Another thing to consider is when these properties went into contract, that being the “slowest” time of year for San Francisco real estate: The Holidays and a couple weeks after.
Anyhow, here you go. Overbids, cuz I know you love them:
|2510 39th Ave||2/1.00/N/A||15||$599,000||$788,000||31.55%|
|179 Vienna St||2/2.00/N/A||11||$499,000||$650,000||30.26%|
|200 Amber Dr||4/2.50/N/A||12||$1,299,000||$1,670,000||28.56%|
|506 Molimo Dr||3/2.00/N/A||31||$859,000||$1,100,000||28.06%|
|12 Sherwood Ct||3/2.00/N/A||5||$788,000||$1,000,000||26.90%|
|700 Illinois St||1/2.00/3||13||$499,000||$630,000||26.25%|
|726 Masonic Ave||2/1.00/||34||$750,000||$925,000||23.33%|
|94 Eastwood Dr||2/2.00/N/A||26||$898,000||$1,085,000||20.82%|
|738 Masonic Ave||2/1.00/||6||$799,000||$955,000||19.52%|
|1501 Haight St 1509||N/A/N/A/14||39||$6,950,000||$8,250,000||18.71%|