A reader comments that Curbed has reported (with exclamation points!) that 2939 Vallejo “sold for $1,00,000 (sic) above asking. $9,500,000 clams!” Unfortunately, it didn’t.
While the sale price was $9,500,000, and 2939 Vallejo was listed for $8,500,000, the sale included the lot next door (2921 Vallejo) which was listed separately for $2,250,000. In other words, it was actually $1,250,000 (12%) under asking for the two.
But hey, why bother to be right when reporting real estate. And yes, MLS based statistics, reports, and industry newsletters will reflect “over asking!” for the sale as well.
∙ You See, It’s Not Pacific Heights Prices That Are Falling… [SocketSite]
∙ Listing: 2939 Vallejo (4/5.5)/2921 Vallejo (lot) – $8,500,000/$2,250,000 [sfproperties]
∙ 2939 Vallejo Gets $1M Above Asking Price [Curbed]