In The News

Here you can find recent news coverage and analysis about Compass, real estate, business, California economics, and more.

Home sells for $1M over asking and, well, San Francisco is just insane.

The home’s previous owner purchased the property from the same agents 2 years earlier for $1.4M, only to turn it around earlier this year for a whopping $3.5M — reportedly in just 3 days. Jim Dalrymple II | INMAN.COM Look, you know San Francisco is expensive. Inman knows San Francisco is expensive. Saying the market there is brutal is like calling water wet. But do you realize just how insane ...more

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‘Is this real?’: San Francisco home sells for $1 million over asking price in 3 days

Liz Jassin | KRON4.COM 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. Click here to view the listing. The home received three offers, all of which were more than $500,000 ...more

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Half of single-family home sales in Santa Rosa-Petaluma area during pandemic went for more than asking price.

Ethan Varian | PRESSDEMOCRAT.COM As the North Bay housing market has exploded during the pandemic, over half of single-family homes sold in the Santa Rosa-Petaluma area have gone for over the asking price, according to a new report. A study by Porch Group, a website for finding home insurance and other services, reported 53% of home sales in the region between January 2020 and September 2021 ...more

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Bay Area “gone bananas:” San Francisco home sells for $1M above asking price.

The 2,400-square-foot home sold just three days after hitting the market. THEREALDEAL.COM Someone really wanted this house. A four-bedroom near San Francisco’s Twin Peaks neighborhood sold for $1 million more than its $2.5 million asking price — after just three days on the market. “We were all very surprised, because they were not just over – they were way over,” Compass agent Richard Woo told ...more

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Housing Market Madness: This 4-Bedroom Home Just Sold for $1 Million Over Asking Price

Sarah Hansen | TULSAWORLD.COM A 2,400-square foot, four-bedroom home in San Francisco recently sold for an eye-watering $1 million above asking price, local CBS affiliate KPIX 5 reported last week. The home on Lansdale Avenue was originally listed for $2,495,000, but it sold for $3.5 million three days later. “We expected more, a little bit more, but we didn’t expect a million dollars more,” real estate agent Holly Phan, ...more

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Modest home in San Francisco sells for $1M over ask. Can it happen in Seattle?

Alfred Charles | KOMONEWS.COM SEATTLE — A modest, four-bedroom home that recently sold in San Francisco for $1 million over the asking price has alarmed local real estate agents in a market that is used to seeing deals close above the price being sought by sellers. KPIX-TV reported that the house, which has 2,400-square-feet of space, a two-car garage, good views and located in a quiet ...more


San Francisco Home Sells for $1 million Over Asking Price

Amanda Bartlett | SFGATE.COM A four-bedroom home in a quiet San Francisco neighborhood shocked realtors Richard Woo and Holly Phan when it sold for $1 million above its asking price three days after it was listed, KPIX reported Friday. The home, reportedly located west of Twin Peaks near Mount Davidson, was originally listed for just under $2.5 million but ended up selling for $3.5 million, ...more

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Number 4: 181 Fremont Street, SoMa, San Francisco

Andrew Nelson | SFYIMBY.COM The fourth tallest skyscraper in the city planned or built is 181 Fremont Street, a residential tower overlooking the Transbay Transit Center in SoMa, San Francisco. Completed in 2017, it is the tallest mixed-use tower in the Bay Area standing 810 feet above street level. Heller Manus Architects is responsible for the design. Today’s story is part of a weekly series on SFYIMBY to count down the 52 ...more

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These Are the 10 Most Expensive U.S. Zip Codes of 2021

Anne Giordano | COTTAGESGARDENS.COM The results from PropertyShark’s annual report are in, and the most expensive zip codes in the U.S. for 2021 have been named. California once again came out on top, nabbing the majority of the top 10 spots and reigning supreme at #1 as well. In a battle of the coasts, a few affluent eastern areas also made it onto the list. While the ...more