San Francisco’s crazy housing market just reached a new level.
A 6,350-square-foot home listed at $7.99 million sold for $9.6 million after spending a short nine days on the market. At 20 percent over asking price, it’s the city’s “highest overbid” so far this year, according to a spokesperson for the real estate firm that sold it.
But the transaction will likely be eclipsed by larger ones in the near future. With the amount of affordable housing increasingly dwindling, home listings selling over the asking price, as well as other anomalies like condemned homes selling for $1 million a pop, is the norm around here now.
This particular listing is for a single-family house at 2219 Scott St., 15 minutes from the Golden Gate Bridge in San Francisco’s ritzy Pacific Heights neighborhood with the area’s inviting Alta Plaza Park just yards away from the front steps.
Take a look inside.