Buyers Exceed Seller Expectations with Extreme Overbids

Buyers Exceed Seller Expectations with Extreme Overbids

It’s one thing to list a property lower than the targeted price, but 95% of the agents I know who do significant business in San Francisco (including myself) don’t typically list a property for hundreds of thousands of dollars less than expected. So it boggles my mind when I see extreme overbids of 50% or more.

But it’s easy to rationalize a crazy selling price in a hot market with inventory that doesn’t meet the demand. Here’s a look at the latest head shakers for 2018 so far:

100 Teresita | 4BR/2BA, 1833 sq ft | Miraloma Park
List: $1,199,000
Sold: $1,950,000
62.5%+

2314 25th Street | 4BR/2.5BA, 2079 sq ft | Parkside
List: $1,298,000
Sold: $1,907,000
47%+

650 Joost | 3BR/3BA, 1418 sq ft | Sunnyside
List: $1,198,000
Sold: $1,650,000
37.73%+

89 Forest Side | 2BR/1BA, 1148 sq ft | West Portal
List: $1,168,000
Sold: $1,656,000
42%+

3829 25th Street | 3BR/1BA, 1050 sq ft | Noe Valley
List: $1,195,000
Sold: $1,840,000
54%+

2739 Broderick | 5BR/3.5BA, 3730 sq ft | Cow Hollow
List: $4,500,000
Sold: $6,040,000
34%+

151 Banks | 2BR/1BA, 1225 sq ft | Bernal Heights
List: $950,000
Sold: $1,512,500
59%+

1071 Alabama | 3BR/2.5BA | Mission
List: $2,195,000
Sold: $2,850,000

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Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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