Signed, Sealed and Closed in San Francisco: This Week’s Closings in Residential Real Estate
Closing Time in San Francisco
There were 200 closed properties in the City this past week. Here are some fun numbers and facts…
- 86 Single family homes
- 89 Condos & TICs
- 20 2-4 Units
- 4 5+ units
- 2 Lots
- Houses in the Sunset closed about 5% over asking prices. This was true last week too.
- Houses in the Mission, Inner Mission and Bayview closed anywhere from 15% to 35% over asking prices.
- SOMA and South Beach Condos sold an average of 15% over asking prices.
And Some Stories:
The large redone single family/2 unit at 132 Germania bought last year for $908K in December 2012, renovated extensively with added garage, living area and then listed for $1.998M sold for $2.15M (107% over list) this week after 22 days on the market.
Continuing on the trend of buying two instead of one unit (seen at 23rd and Folsom, 20th and Dolores/Church) another stunningly redone building at 36–38 Camp listed separately and now ultimately sold as a pair sold for 103% of its combined list price of $3.565M at $937/sqft. This is well and fine, but consider it was sold in May 2012 for $1.25M after 12 days on the market at 157% over its then asking price of $795K all-cash with 31 offers, this property has sure seen some change over the past few years not to mention going from 2800 sqft. to over 3800 sqft. along the way.