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Asking Prices in San Francisco- Over, Under, Round About?

By
Real Estate Agent with Paragon Real Estate Group

Is Everything Selling Over the Asking Price?

 No, of course not: not all listings are selling for over list price. Some homes still go through price reductions and some don't sell at all, but it is true that a large percentage of SF listings is now selling for over asking price and sometimes far over. This is especially the case with houses, where 1 in 4 sold in the past 2 months went 10% or more over the list price. (Note: Homes selling for within a quarter percent of the list price were considered to have sold AT asking price.)

Over Asking Under Asking Offers

The chart below shows the dramatic increase in median home prices in 2012.

 

Interested in learning more about San Francisco real estate?

Contact me!

Simone Koga | Paragon Real Estate Group

1400 Van Ness Ave. | San Francisco, CA 94109

415.706.1586 | Simone@SimoneKoga.com

DRE#01897985

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Interested in learning more about San Francisco real estate?

Contact me!

Simone Koga | Paragon Real Estate Group 1400 Van Ness Ave. | San Francisco, CA 94109 415.706.1586 | DRE#01897985 www.simonekoga.com

Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800
Great Info for your market!! Keep up the good work and good luck with your business in 2013!
Feb 09, 2013 11:36 PM
Simone Koga
Paragon Real Estate Group - San Francisco, CA

Thanks Bob.  So far so good in 2013.  I hope your year is amazing too!

Feb 10, 2013 04:01 AM
Melanie Narducci
Hillscape Properties, Inc. - San Francisco, CA
Your San FranciscoBay Area Real Estate Expert

Thanks for the indepth information and charts!  I'm a total data geek so keep the charts coming!

 

Mar 11, 2013 05:47 AM