The market is heating up in San Francisco! As we reported earlier this month, open houses are booming, bidding wars are back, and prices are trending up. While the number of New Listings hitting the market last month is unchanged from a year ago, Pending Sales clocked an impressive 39.9% increase. At the same time, the Median Sales Price rose 7.2% year-over-year — fresh record highs are around the corner.
Accordingly, successfully pitching under-ask offers is quickly becoming a thing of the past. Ten of the 15 biggest underbids accepted in recent weeks, below, came for homes on the market 100+ days. Such listings presently account for less than one-third of Single-Family and Condo/TIC/Coop inventory citywide.
If FOMO is in your future (or maybe it has arrived already), heed this advice: Run, don’t walk!
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863 Haight Street #5
Source: SFAR MLS
2000 Washington Street #PH
Source: SFAR MLS
554 18th Avenue
Source: Google
425 1st Street #2708
Source: SFAR MLS
1960 Vallejo Street #8
Source: SFAR MLS
201 Folsom Street #35D
Source: SFAR MLS
1750 Taylor Street #1202
Source: SFAR MLS
1177 California Street #509
Source: SFAR MLS
870 El Camino Del Mar
Source: SFAR MLS
3573 19th Street
Source: SFAR MLS
1164 De Haro Street
Source: SFAR MLS
401 Harrison #28A
Source: SFAR MLS
181 Fremont Street #68A
Source: SFAR MLS
999 Green Street #1805
Source: SFAR MLS
280 Spear Street #22D
Source: SFAR MLS
