Case Study: Sunset/Parkside Homes On The Market


#241

Ok, if this POS sells for more than list, the market is def not down…

(Come on, Agent, get the Street name right, ok???)


#242

Alrighty, nice corner fixer with definite inlaw potential galore. Lucky chinese price tag to boot. Maybe 500K over asking???


#243

Ok, time for a quick check on the Sunset market. One pic probably says it all, right? Ok, let’s see what this fixer presumably sells for. If it goes way over 1M market is still strong…


#244

this pos didn’t sell at all?


#245

Just listed… already over 300 views and 24 favorites…


#246

the one i refered is


#247

Oh, yes, I am still tracking that one… obviously no takers as we thought.


#248

Ok, listing price reduction is showing up in Sunset now (granted this one was a dog)


#249

:scream:


#250

Yes, the horror…

Actually, it is true that a lot more listings. I think last week I could have sworn that 20+ homes came on to the market that were Sunset designated in my queue search. Not good…


#251

this one way better though. and asking cheaper probably owner will look at 1.5+ or somehting

https://www.zillow.com/homedetails/1337-Vicente-St-San-Francisco-CA-94116/15125217_zpid/


#252

With so much product coming onto the market, I guess I have to expect pricing to head south in the Sunset now. The higher interest rates aren’t helping.


#253

Not sure about sf, but more headwinds in southbay will be h4 situation. Not huge impact, but some for sure.


#254

H4 thing has existed for 2-3 years only… So, yeah some effect…


#255

Our markets can handle pretty much any storm. At the end of the day, we can rely on the fact that this whole area is generally a great area to live and so any price reductions are short-lived.


#256

maybe i’ll have chance to buy a millbrae . haha


#257

Sitting pretty and just waiting for a steal to come by…


#258

I heard from melanie some of her clients are fleeing sunset to daly city.
daly city inventory still moves, but i can see it moves slower…


#259

Cuz there are less potholes :slight_smile:


#260

Well, if DC’s property tax is so high relatively speaking then I expect the streets to be perfect…