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Market Updates

San Francisco Real Estate Insanity – They’re Paying A Cool Mill Over LIST

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niceI did a triple take when I saw that headline in the San Fran Chronicle.

A MILLION DOLLARS over list price? Seriously?

I knew the market on the left coast was crazy since I lived in Silicon Valley for six years, and part of that time I commuted to downtown San Francisco.

But a million bucks over list? The market was hot when I was there – but not like that. This I had to see.  

When I dug into the piece, I couldn’t believe what I was reading.

It wasn’t just ONE house that went that high. If fact, in addition to the one they featured, it turns out that 19 more houses in the San Francisco Bay area went for a million or more over list price in the past 12 months.

The article said that the homes ranged from being tear downs to mansions.

The even crazier thing is that they’re not just going for just a million over list. A home on Sea Cliff Avenue in San Francisco, for example, sold in April for $11 million, which was $4.7 million or 75 percent over the…


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