In The News

‘Is This Real?’: San Francisco Home Sells For $1 Million Over Asking Price in 3 Days

Aaron Sittig | VERTICALLOBBY.COM

Exterior view of a home

SAN FRANCISCO, Calif. (KRON) – Another day, another record-breaking San Francisco home sale.

It’s becoming a trend in Bay Area real estate.

464 Lansdale Ave in San Francisco just sold for $3.5 million, which was 40% over the initial listing price of $2.5 million.

“But the timing was right, the location was good, and the seller did everything you could think of to modernize the home. Even so, the offer was amazing to him too.”

The home has been completely remodeled and features a wall of windows that open up to panoramic city and Bay views.

The seller bought the house from the same Compass real estate agents just two years ago for $1.4 million.

Vail Valley dream home with more than 30,000 square feet of luxurious amenities lists for $42M, see photos here

“While this was the highest over-asking offer we’ve received in our real estate careers, we had another record-breaking San Francisco sale in August at 1455 27th Avenue that received 16 offers in 6 days and sold for almost 58% over asking and was not underpriced either,” Woo said.

“People will pay premium right now when the house is prepared right.”

Read the original article here.