Luxury Market Sees Extreme Overbids in October

Luxury Market Sees Extreme Overbids in October

October has been the month for buyers in the $2M+ range to throw hundreds of thousands of dollars over asking for single-family homes (and one condo) in various neighborhoods across the city.

Deep-pocketed buyers are obviously feeling pretty cheeky about our Bay Area economy.

The most egregious example of extreme overbidding happened at 128 26th Avenue in the Lake District (see photo, left). The custom 4BR/2.5 home at the Sea Cliff entrance has a roof deck with panoramic views, and was listed for $2,995,000. So why not pay a million dollars more, right? That’s exactly what happened, as the sale closed on October 20th for $3,910,000.

Here are a few more extreme overbids that went on the books in October:
1 Miguel | Glen Park
3BR/2.5BA
List price: $1,675,000
Sale price: $2,600,000

155 Downey | Buena Vista/Ashbury Heights
3BR/2.5BA
$2,095,000
$2,600,000

445 Douglass | Eureka Valley
4BR/3.5BA
$2,995,000
$3,625,000

714 Waller | Hayes Valley
4BR/3BA
$2,749,000
$3,450,000

1914 Webster | Lower Pacific Heights
5BR/2BA
$1,995,000
$2,601,000

33 Capra | Marina
3BR/2.5BA
$1,999,000
$2,695,000

101 Santa Marina | Bernal Heights
4BR/3BA
$2,100,000
$2,500,000

988 Guerrero | Eureka Valley
4BR/4.5BA condo
$2,349,000
$2,850,000

Leave a reply

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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