What You Could’ve Bought: For Under the List Price

Buyers are paying an average of 12% over asking for houses and 10% for condos in the current San Francisco market. So I always catch a little thrill when I spot properties that sell for under the list price.

A handful of homes sold for under asking in April in popular neighborhoods. Let’s take a look at some sales that were possible without overbidding and waiving contingencies:

301 Main #20B
South Beach

List Price: $2.1M
Sale Price: $1,975,000
Days on Market (DOM): 50
Cash Sale: Yes
301Main_20B
Shed no tears for this seller, who managed to flip this unit for significantly more money. Purchased in October 2013 for $1.6M, this 2BR/2BA unit at The Infinity was listed again in February for $2.1M. That price apparently didn’t fly, but $1,975,000 did. If there’s ever a case that needs to be made for the strength of the 2014 market, #20B is a good sale to reference.

229 States
Corona Heights

List Price: $2,050,000
Sale Price: $1,925,000
DOM: 27
Cash Sale: No
229states
This ultra-modern, 2BR/2.5BA view townhouse on a great block in the neighborhood was designed by well-known architect Zack de Vito. The property was very well appointed, but a little on the small side (1545 sq feet) for buyers in the $2M range.

1806 20th Street
Potrero Hill

List Price: $1,650,000
Sale Price: $1,585,000
DOM: 38
Cash Sale: No
1806_20th
1806 20th is a two-level condo on a prime Potrero block, in the 86-unit development called Victoria Mews. Featuring three bedrooms and technically one bathroom—one bath was converted to a laundry room—the unit had stunning city views and a remodeled kitchen.

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