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SAN FRANCISCO, Calif. (KRON) – Another day… another record-breaking home sale in San Francisco.
It is becoming a trend in Bay Area real estate.
464 Lansdale Ave in San Francisco just sold for $ 3.5 million, 40% more than the original listing price of $ 2.5 million.
According to Compass realtors Richard Woo and Holly Phan, the house received three offers, all of which exceeded $ 500,000.
“We didn’t price the house low – it was priced based on compositions from the area, so when we saw supply hit over $ 1 million compared to demand without unforeseen, it was amazing and we thought: is it real? Woo said.
“But the timing was good, the location was good and the seller did everything you could think of to modernize the house. Even so, the offer was amazing for him, too.
The house has been completely renovated and has a wall of windows that open to a panoramic view of the city and the bay.
The seller bought the house from the same Compass realtors just two years ago for $ 1.4 million.
“Although this was the highest bid we’ve received in our real estate careers, we had another record-breaking sale in San Francisco in August at 1455 27th Avenue which received 16 bids. in 6 days and sold almost 58% of demand and wasn’t undervalued either, â€Woo said.
“People will pay a premium now when the house is properly prepared. “
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