Top 10 Underbids of the Week in San Francisco

|August 8, 2017

2153 Lake Street, San Francisco, CA 94121
Below you’ll find a list of San Francisco’s Top 10 Underbids of the Week. San Francisco’s market is still steadily increasing and many properties sell over the list price. However, not every property sells over the list price as shown below.

ADDRESS BR/BA DOM LIST PRICE SOLD PRICE UNDERBID
333 7th Avenue  3-Units  75  $3,495,000  $3,000,000 – 14.16%
670 Mangels Avenue  2/1  33  $995,000  $870,000 – 12.56%
767 Bryant Street  2/3  179  $2,100,000  $1,875,000 – 10.71%
2153 Lake Street  4/3.5  14  $3,495,000  $3,200,000 – 8.44%
163 17th Avenue  6-Units  116  $2,400,000  $2,200,000 – 8.33%
1851 Newhall Street  3/1  76  $875,000  $805,000 – 8%
27 Auburn Street  3-Units  0  $1,875,000  $1,725,000 – 8%
427 Frederick Street  3-Units  48  $2,699,000  $2,515,000 – 6.82%
1830 Lyon Street  2-Units  66  $4,999,000  $4,700,000 – 5.98%
333 Grant Avenue  1/1  32  $1,199,000  $1,129,150 – 5.83%
Why? Often it’s a matter of the original list price.

If a property is overpriced, most buyers move onto the next option and once that happens, it’s hard to regain the markets attention. Another factor can be a large push of similar inventory coming onto the market at the same time giving buyers many options to choose from. When this happens, interested buyers have an advantage and are able to close on properties under the list price.

Interested in learning more about San Francisco’s real estate market?
Give me a call at 415.860.1640 or visit LaurenFraserProperties.com.

Category San Francisco

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Lauren Fraser

Lauren Fraser

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