Excelsior Pushing it


#1

One recent trend I noticed is that Portola, Excelsior and up and down Silver Ave, there are more and more new builds or stripped-to-the-studs flips that are pushing up prices big time.

Take this one for example:

4BR 3.5BA 2400 ft and asking for 1.6M!

I agree it’s not a bad price for something spanking new this size. But still, quite a price shock for Excelsior. This is a much better buy – assuming you can get it for 1.6M – than the one at Silver and 101. That one was sold for 1.3M I think.


#2

Ok, another example of a complete remodel in the Excelsior that will go probably very high. I am guessing 1.5-1.6M easily. “Prime Excelsior” OMG, ridiculous!!!


#3

My mentality is still stuck in the 80s. Yes, prime excelsior sounds ridiculous… its like saying “prime Detroit” or “prime Haiti”…


#4

Come on!!! 1.38M for this POS!!! No, Amazon HQ2 is not coming down the block!!!


#5

Are you ready for prime bayview? :smile:


#6

After prime Bayview, there would be no more ghettos. Maybe already no ghettos in SF


#7

Was this home ever sold? No history on Redfin


#8

This one if sold today would be over 1.8 since its newly built from ground up, next store was sold around 1.6


#9

#10

Good case study for current up to date market check: here we have what looks like a smallish, fixer original SFH in the Excelsior that has a probable illegal but built separate inlaw unit. Starting price: 1.1M So, is this going to go sky high just because of the inlaw and low inventory or will the sales price be tempered by the already semi high starting price? Now, I don’t know the area or streets as to what warts there are. I guess I will go with B, maybe slightly higher but shouldn’t go over say 1.25M. If it does, this selling season coming is going to craaaazy…


#11

#12

Yes, big and remodeled but 1.6M for Excelsior??? Come on!!!


#13

YUGE!