January 2013 Overall median and average prices only give so much insight into the mix of homes sold in a particular area of the city, so these charts delineate the actual quantity of sales in specific price ranges within Realtor … Continue reading →
San Francisco's Luxury Home Market Doing Very Well, Thank You
Explain this one to me please. Elegant if dowdy Victorian lists for $2.349 million in September 2010 and sits there for three months with no takers. Relists in April at $2.3 million and in contract seven days later at $250,000 over asking price. Calls to the no-doubt-jubilant listing agent for some clarification were not returned, but the only thing I can think of to explain it is a brief and bloody bidding war.
[Ed. Update: 4/14/11: Thanks to John Farnham, the listing agent, for getting back to me. There was indeed a bidding war. Won by the guy with the all-cash offer and a promise to close in 7 days. And the extra $250,000 in cash.] ...
4317 24th Street @ Douglass originally listed back in October for a cool $995,000. It’s advertised as a 4 BR/2.5 BA. (Ahem. This is a fixer folks.)
Interesting to note that 4209 24th Street, just a block away and very much a fixer along the same lines, sold in December 08 for $896,000. That was $11,000 above the asking price.