Buyers Don’t Always Need to Overbid

Much has been made of some buyers’ irrational exuberance when it comes to overbidding dramatically for San Francisco properties, as The Chronicle’s Kathleen Pender reported last week. This kind of thing makes a great headline and fuels party conversation.

But overbidding doesn’t always happen, even in the hard-to-crack single-family home market. But no reporters are swarming around looking for those stories. As a real estate agent who prefers a more balanced market and a blogger who strives to write about the larger picture, I thought I’d round up the house sales that clocked in at or under the asking prices in June.

76 Rossi / Lone Mountain / Days on Market (DOM): 33
List price: $2,895,000 / Sale Price: $2,895,000

1842 26th Avenue / Central Sunset / 73 DOM
$899,500 / $870,000

415 Grafton / Ingleside / 84 DOM
$865,000 / $650,000

168 Lunado Ct / Ingleside Terrace / 28 DOM
$1,680,000 / $1,680,000

114 Lyon / Haight / 76 DOM
$2,950,000 / $2,825,000

115 Belgrave / Cole Valley / 22 DOM
$4,995,000 / $4,950,000

2477 Sutter / Lower Pacific Heights / 77 DOM
$3,299,000 / $2,850,000

2622 Chestnut / Cow Hollow / 46 DOM
$4,995,000 / $4,600,000

3321 19th St / Mission / 131 DOM
$1,749,000 / $1,680,000

155 Tucker Ave / Visitacion Valley / 192 DOM
$540,600 / $462,000

3164 San Bruno Ave / Portola / 33 DOM
$639,900 / $588,000

540 Griffith / Hunters Point / 122 DOM
$659,000 / $640,000

If you’d like any details on the above sales, or want to chat about how to best scout out your own deal, give me a shout at 415.823.4656 / ebermingham@zephyrsf.com.

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Get in touch:

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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