2011 – Top 10 Homes Sold Over Sales Price (Original and Final)

It’s almost the end of 2011, which means it’s time for the Top 10 lists

The San Francisco MLS reports a final homes sales price as compared to the final listing price, which can introduce lots of wiggle room into statistics about how a home sold in comparison to its list amount.

Here’s an example. Let’s say an agent lists 123 Hillview Way in the San Francisco MLS for $100,000. 30 days go by and the seller agrees to a price reduction. The agent updates the price to $50,000, the new amount the seller has agreed to. The home sells a week later for $55,000. The agent can then claim in his (or her) next listing presentation that his last house sold for more than the list price, because the San Francisco MLS uses the final list price as the reported list price, not the original list price.

So, with that in mind… we’ve made two lists. These are lists of homes that, percentage wise, sold for the most over their asking price. The first slideshow and list of homes you see are the top 10 single family homes in San Francisco that sold over their original asking price (using percentages, not absolute dollars).

Top 10 Single Family Homes that Sold Over Asking Price – 2011
Final Sales Price Compared to  Original Asking Price
Neighborhood Address Beds Baths Short Sale? REO? Sales Price % Of Asking
Bayview 1500 Newcomb Ave. 3 1 No No $220,000 + 202%
Marina 45 Capra Way 4 2 No No $1,685,000 + 164%
Visitacion Valley 1274 Brussels St. 4 2 Yes No $465,000 + 161%
Bernal Heights 1687 Alabama St. 0 1 No No $465,000 + 156%
Bayview 1463 Newcomb Ave. 2 1 No No $310,000 + 148%
Outer Richmond 487 47th Ave. 3 1 No No $620,000 + 145%
Midtown Terrace 32 Farview Ct. 3 2 Yes No $779,000 + 142%
Bernal Heights 4145 Folsom St. 2 1 Yes No $550,000 + 138%
Lower Pac. Heights 1844 Laguna St. 3 1 No No $1,161,000 + 137%
Inner Sunset 1212 16th Ave. 2 2 No No $710,000 + 135%

 

Next, let’s take a look at the top 10 single family homes that sold over asking during 2011 calculating the percentage over sales price by using the final list price:

Final Sales Price Over Final Asking Price

Top 10 Single Family Homes Sold Over Asking – 2011
Final Sales Price Over Final Asking Price
Neighborhood Address Beds Baths Short Sale? REO? Sales Price % Of Final Asking
Mission Terrace 28 Cotter 5 3 Yes No $450,000 + 225%
Bernal Heights 79 Manchester St. 2 2 No No $583,000 + 182%
Bayview 1907 Oakdale Ave. 9 5 No No $520,000 + 163%
Visitacion Valley 1274 Brussels St. 4 2 Yes No $465,000 + 161%
Bernal Heights 1687 Alabama St. 0 1 No No $465,000 + 156%
Bayview 1500 Newcomb Ave. 3 1 No No $220,000 + 149%
Bayview 1463 Newcomb Ave. 2 1 No No $310,000 + 148%
Bernal Heights 4145 Folsom St. 2 1 Yes No $550,000 + 147%
Outer Richmond 487 47th Ave. 2 1 No No $620,000 + 145%
Midtown Terrace 32 Farview Ct. 3 2 Yes No $779,000 + 142%

 

So, what does it all mean? While I have my thoughts, I’d really love to hear yours in the comments.

Sales price source: Public San Francisco County Tax Records

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