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.
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.
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!!!
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…