SAN FRANCISCO (KPIX 5) – While high prices and inflated bids have become the norm in the Bay Area real estate market, eyebrows rise when a house in San Francisco sold for $ 1 million more.

It’s a newly renovated 2,400 square foot home with 4 bedrooms, a two car garage, and incredible views. The house is in a quiet area of ​​San Francisco near Mt. Davidson, west of Twin Peaks.

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The interior of a house in San Francisco near Mount Davidson that grossed more than $ 1 million. (Lunghi Media Group)

Real estate agents Richard Woo and Holly Phan listed the house for just under $ 2.5 million. Three days later, they would put the sale at $ 3.5 million.

“We were all very surprised because they weren’t just over – they were way over,” said Woo.

“We expected more, a little more, but we weren’t expecting a million dollars,” Phan said.

In current market conditions, it is quite typical for homes in the Bay Area to be sold at or slightly above list price.

A house that sold $ 1 million in San Francisco. (CBS)

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“It was one of the wildest markets in history last year,” said Patrick Carlisle, Compass chief market analyst. “We saw some very spectacular overbids, not just in town but across the Bay Area.”

The housing stock available is still incredibly low across the Bay Area. This creates more competition among buyers, which can drive up sales prices.

“While a slew of new entries have hit the market, they’re being caught faster than ever – perhaps at the fastest rate in history,” Carlisle told KPIX 5. “Virtually every segment in the Bay Area has gone insane. ”

In San Francisco in particular, there has been a huge surge in home sales, according to Carlisle.

“Of course, it involves some people leaving. But the other side of it is that there are still many people who are very eager to live in the city, to own a home in the city, and are willing to pay higher prices than they have ever paid before ” , he said. “Sooner or later, upcycles end. What history has taught us, however, is that it is extremely difficult to predict when upward cycles will end. “

Potential buyers should all have their ducks in a row, according to Woo.

As for sellers?

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“It’s a seller’s market,” said Woo. “Of course the timing is important, the location is important. But the most important thing is to properly prepare the house. “

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Below is a list of the best and leading real estate agents in San Francisco. To help you find the best real estate agents near you in San Francisco, we’ve compiled our own list based on this review score list.

San Francisco’s Best Real Estate Agents:

The top rated real estate agents in San Francisco are:

• Danielle Lazier Real Estate Agents – is fully committed to providing her clients with the best real estate.
• Ruth Krishnan – takes pride in delivering results to her clients that exceed their expectations.
• Dino Zuzic – offers its customers a professional, yet comprehensive real estate service.
• Kindred SF Homes – presents a team of comprehensive real estate agents offering the best properties available on the market.
• Real SF Properties – presents a unique display of competitive property prices and services.

Danielle Lazier real estate agent

Danielle Lazier Real Estate Agents is fully committed to providing her clients with the best real estate. In addition, they have full-time professionals ready to provide quality and competitive real estate to their clients. They also maintain close relationships with their customers to ensure they have expectations that exceed their standards. Plus, they have affordable rates and prices for their property that are suitable for clients on a tight budget. Plus, they have responsive customer support that answers their customers’ questions and concerns about their services.

Products:

Real estate agent

LOCATION:

Address: 3961 24th St, San Francisco, CA 94114
Phone: (415) 528-7355
Website: daniellelazier.com

REVIEWS:

“We loved working with Danielle and her team and wholeheartedly recommend her to all of our friends and anyone looking to buy or sell on the bay.” – Robert

Ruth Krishnan

Ruth Krishnan prides itself on delivering results to our customers that exceed their expectations. In addition, this company has nearly 5,000 competent agents ready to give their customers a new home. Plus, they have responsive customer support that guides their clients through their services and real estate programs. Next, they make sure that their customers get the attention and give what they need. In addition, they strive to offer their clients the best properties on the market. After all, their employees are down to earth and ready to support their clients with their real estate needs.

Products:

Real estate agent

LOCATION:

Address: 1400 Van Ness Ave, San Francisco, CA 94109
Phone: (415) 735-5867
Website: ruthkrishnan.com

REVIEWS:

“You are always so attentive and we appreciate the little details that you paid attention to along the way. From the beautiful notes to the holiday pumpkin, always put us first. ”- Akash Gujarati

Dino Zuzic

Dino Zuzic offers its customers a professional, yet comprehensive real estate service. Next, this broker is highly skilled and experienced in what enables them to offer their clients the best property they can avail. In addition, the real estate agent has sold numerous properties and brought full customer satisfaction with its services. Next, he assists his clients in purchasing affordable properties that suit both their needs and their budget. In addition, this broker is very approachable and professional as they assist their clients with all the registration processes.

Products:

Real estate agent

LOCATION:

Address: 2099 Market St, San Francisco, CA 94114
Phone: (415) 317-4546
Website: www.compass.com

REVIEWS:

“Dino did an absolutely great job for us. His ability to help us find our home and secure it has been excellent from start to finish. We never felt rushed to complete a transaction. ”- Paul Paradies

Related SF houses

Related SF houses presents a team of comprehensive real estate agents offering the best properties available on the market. In addition, they have affordable offerings that are perfect for clients who need to maximize their real estate financing. Plus, they have a friendly staff who guide their clients through the entire submission process. Next, they always exceed their customers’ expectations by providing them with exceptional customer service and faster transactions. Basically, this company focuses on providing its clients with a subtle selection of the perfect property for their individual needs.

Products:

Real estate agent

LOCATION:

Address: 580 4th St, San Francisco, CA 94107
Phone: (415) 713-8008
Website: www.kindredsfhomes.com

REVIEWS:

“Cynthia was instrumental in having the strategic thinking and relational skills necessary to beat 43 offers and get the house.” – Shelby Campbell

Real SF properties

Real SF properties presents a unique display of competitive property prices and services. They also have a team of comprehensive real estate agents ready to provide their clients with the penalized properties available in the market. Next, they have their properties fairly priced to ensure their clients’ low cost real estate services. In addition, they have a proactive customer service that is happy to support their customers with their concerns and inquiries about their services. In addition, they have a friendly staff that welcomes their customers as soon as they reach their office.

Products:

Real estate agent

LOCATION:

Address: 2282 Market Street, San Francisco, CA 94114
Phone: (415) 236-2469
Website: realsfproperties.com

REVIEWS:

“He and his team make sure that you do your best. In the buying process, Danny really understood what we were looking for and was able to help evaluate the features in terms of fit. During the quote creation process ”- Zachary Fong

James lived in California all his life. He has worked as a journalist for nearly a decade and has contributed to several major publications, including Yahoo News and True Dakotan. As a journalist for Kev’s Best, James covers national and local businesses.

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