As everyone else stated there is no property listed in the question. However, it's important to know that in the San Francisco real estate market, sellers have been coached on the intricacies of how the market moves and reacts to list price. List price is rarely, if ever, the sale price.
Buyers have also been trained (if working with a good agent) that things are going to sell over asking assuming that it is priced correctly to begin with. You have to take this information with a grain of salt, as the amount over asking is going to depend first on the neighborhood,second how the property was priced to begin with, and third the mass appeal of the property in general (parking, location, walk score, bedrooms, finishes, etc.). A good rule of thumb to use is 15-30% over asking is typical for the San Francisco market.
That being said, make sure you work closely with a trusted Realtor in San Francisco who knows the market, the neighborhoods, and the intricacies of how the market moves and its current state. You don't want to be stuck paying way more than you should, or be submitting offer after offer wondering what you are doing wrong.
I hope this helps! ! If you or anyone else has any questions regarding real estate please donâ€™t hesitate to reach out. Iâ€™m always happy to be a trusted resource for all things real estate in San Francisco and the Bay Area.
All the best,
Realtor, Vanguard Properties
Broker Associate, Paragon Real Estate Group CA BRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted. truonly
Also, the way the current market is in San Francisco you can count on the listing price to likely be considerably lower than what the eventual selling price. As an owner/broker who is active in the market, I would be happy to fill you in on what's going on these days.
Lance R. King - Founder/Managing Broker
King Realty Group
DRE # 01384425
415.722.5549 - Cell
and certainly, without trying to solicit your business;
I can tell you; NO!
The LISTING PRICE on every property is just a number that someone chose to start the process:
At the very least, the Value is changing on a daily and weekly basis.
But many LIST PRICES are not conjured with the Market Value in mind.
If you are truly interested; grab a Realtor and have them do a CMA to determine the Market Value:
Then you will have an idea of the WORTH of the property, as well as what it is worth to you!