San Francisco inventory is typically snapped up within a week in popular neighborhoods. But it may come as a surprise to find that there are many properties that have been on the market for three or more weeks—and are still available.
For buyers who are tired of competing in multiple-offer situations, it’s time to revisit the listings that are taking offers as they come. Today we take a look at three homes in the hot neighborhoods of Bernal, West Portal and Cow Hollow that have been on the market for 21 days or longer:
Days on market (DOM): 71
4BR/3.5BA, 1890 sq ft
List Price: $1,399,000
Purchased as a 2BR/1BA, 1125 square foot home in April 2012 for $801,000, 86 Wool has since undergone a transformation into a 4BR/3.5BA house. The property was on the market in the Spring for $1.5M; that price didn’t work. (Though the house was briefly in contract in July.) Now asking $1.4M, the sellers are hoping there are buyers out there who will appreciate 86 Wool’s renovation and prime Bernal location. As larger and not necessarily renovated homes in the neighborhood have been selling for well above $1.3M, I think 86 Wool could be an opportunity for someone to buy a “done” house without enduring a bloodbath offer situation. Honestly, had the sellers listed the house for $1.2M, it probably would’ve been sold for $1.4M by now.
2428 14th Avenue
Days on market (DOM): 55
List Price: $1,249,000
For buyers looking for a large single-family home in proximity to the West Portal retail area, 2428 14th Avenue definitely fits the bill. There are three bedrooms on the main level, a large, remodeled kitchen and two more bedrooms and family room on the garden level. You’d be hard pressed to find a house of this caliber for less than the list price, so serious buyers may want to take a first (or second) look at 14th Avenue.
Days on market (DOM): 69
2BR/2BA, 1034 sq ft
List Price: $1,125,000
The main issue with this unit is that the large bedroom is half of the double parlor, and the second bedroom is small. But if you can get past that and utilize the space properly, 1853 Filbert may be a great fit for you. It has a nicely remodeled, eat-in kitchen and a lovely shared patio and landscaped garden. There are six units in the building, and the HOA dues are a reasonable $375/month. First listed for $1,185,000 in June, the price has come down since then. May be time to make a deal, particularly if you’re looking for an excellent Cow Hollow location a block from Union Street.