0 hidden height 0 0 none auto .01 .4 power4.out 1 none .25 1 .75 .05 0 1 hidden 0 .01 .25 power4.out 0 .25 0 1 0 hidden

December 16, 2016

Bipolar Buyer Behavior Prevails Through 2016

Two recently closed sales in Eureka Valley and Buena Vista/Ashbury Heights point to the continued bipolar nature of the San Francisco real estate market.

There’s 562 Sanchez, a 4,000 square foot, four-bedroom house a block from Dolores Park. The property came on the market at the end of June for $3,950,000. After withdrawing the listing and then making a few price cuts, the sellers received an offer and the sale closed late last week for $3,500,000—$400,000 under the list price:
562-sanchez

231 Upper Terrace in Ashbury Heights went in the opposite direction. The cute 2BR/2BA, 1900-square foot view home was listed for $1,595,000. Buyers snapped it up quickly, and the sale closed in early December for $2,000,000—$400,000 under the asking price:
231upperterrace

The two sales also illustrate where the market is at two different price points for single-family homes in desirable, centrally located neighborhoods. Many houses listed for under $2,000,000 are selling with multiple offers and for well over the list price. However, homes in the $3,000,000+ range are spending more time on the market and are increasingly selling for under the list price.

Explore All Posts

Blogging Since 2008

Posts by Neighborhood

Posts by Category

Posts by Year