No commentary. Let’s just get to the grubby business. From the San Francisco Chronicle:
An astounding 90% of San Francisco homes sold at or over their asking prices in the second quarter of 2014, according to data compiled by Paragon Real Estate. The average in the city during the spring quarter was 11% over list price with only 26 average days on the market. As Paragon notes, these statistics may indicate the prevalence of agents underpricing homes in order to create bidding wars.
Some neighborhoods fared even better than that already high average, with top over-asking neighborhood Bernal Heights selling at an average of 24% over.
And you still get a pretty good deal for your money on a square-foot basis in Bernal— within the context of total citywide insanity. Plus, we’re still $5 per square foot cheaper than St .Francis Wood. Yesssssss!
IMAGES: Aerial photo by Telstar Logistics. Charts via Paragon