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re: San Fran deer stand sells for 1.2 mil
Posted on 3/27/15 at 10:43 pm to atchafalaya
Posted on 3/27/15 at 10:43 pm to atchafalaya
It sold for $935,000 in 2008. It has an ocean and beach view (nothing is on the water side of the road/highway along there). I know 1.21 million is a shitload of money, but San Francisco isn't getting any bigger. If you want to own a home there, you are going to have to pay for it.
1
Posted on 3/27/15 at 10:51 pm to White Roach
The overbidding thing is crazy, but it's not a new phenomenon. My sister and BIL bought a house in SF in 2000. I think it was listed at $550,000 and they paid around $800,000 for it. My BIL told me that their overbid (~250,000) was almost what his brother's 5 bedroom house in Raliegh, NC cost. It's crazy, but it's what the market demands.
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