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February 5, 2010

Hot Market for San Francisco Fixer Uppers


Wait, what year is this? If the recent sale situation over at 119 Clearfield in the Lakeshore neighborhood is any indication, we’re back in 2002.

The 3BR/1BA single-family home at Clearfield and Ocean was a total fixer:

Listed at $689,000 in mid January, 119 Clearfield garnered a whopping 33 offers and is reportedly in contract at more than $800,000. Given the sales activity in Lakeshore of similarly sized homes, the numbers don’t quite add up when it comes to paying $800,000+ for a fixer. The closest comp is at 106 Clearfield—a nicely done, 3BR/3BA property that sold in October 2009 for $910,000. And the average price for a 3BR home in the neighborhood? $862,750. Let’s hope the Clearfield buyers plan to live in their home for a long time to come.

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