From a plugged-in reader yesterday:
One of my buddies who works at [Facebook] told me today that he bid on a place on 20th Street that went for 65% over asking and had 52 offers. That must mean that there are 51 more people out there looking in the neighborhood. Anyone know which place he was talking about?
That would be 3928 20th Street, the sale of which has been mentioned before.
There are a couple of interesting similarities between the sale of 3928 20th Street which generated over fifty (50) offers and the sale of 4379 Cesar Chavez which generated over twenty (20).
Both properties were listed at roughly $600 per square foot in neighborhoods where the average sale price has been running over $800 per square. Both homes were well suited for expansion. And both properties just so happened to be priced by the same agent.
∙ It Would Have Been 50 Percent Over Had They Priced At A Million… [SocketSite]
∙ Listing: 3928 20th Street (3/1) 1,416 sqft – $849,000 [Redfin]
∙ It’s Not This Mid-Century Modern Noe Valley Home That Was Flawed [SocketSite]