Three of four SF condos closed above ask October 20 — Clay Street led by $125,000
All four recorded closings on October 20 were condos, and three of the four sold above list price. The day's single new listing landed at $1,095,000 in the Dogpatch.
A 1,126-square-foot condo at 1788 Clay Street #412 closed at $1,650,000 on October 20 — $125,000 above its $1,525,000 list price, or roughly 8 percent over ask. At $1,465 per square foot, it was the highest price-per-foot of the four condos that recorded on the day.
That is the single most telling transaction in a session that was otherwise quiet by count: one new listing, no pendings, four recorded closings, and one property that appeared on the MLS feed on October 20 as already sold.
The day at a glance
| Address | Event | List Price | Sale Price | Sq Ft | $/Sq Ft |
|---|---|---|---|---|---|
| 1788 Clay St #412 | Closed | $1,525,000 | $1,650,000 | 1,126 | $1,465 |
| 318 Spear St #4E | Closed | $988,000 | $988,000 | 838 | $1,179 |
| 425 1st St #2005 | Closed | $895,000 | $925,000 | 710 | $1,303 |
| 1440 Broadway #401 | Closed | $795,000 | $905,000 | 774 | $1,169 |
| 55 Page St #526 | Appeared on feed as sold | — | $1,349,000 | — | — |
| 950 Tennessee St #402 | New listing | $1,095,000 | — | — | — |
How the four closings read
Three of the four recorded sales came in above list price. The exception was 318 Spear Street #4E, an 838-square-foot unit in the Rincon Hill tower that closed exactly at $988,000, landing at $1,179 per square foot.
The other two over-ask closings: 425 1st Street #2005, a 710-square-foot unit that sold at $925,000 against a $895,000 ask ($1,303/sq ft); and 1440 Broadway #401, a 774-square-foot unit that closed at $905,000 against a $795,000 ask, a $110,000 premium and the largest percentage gap after Clay Street.
The one property that appeared on the MLS feed on October 20 as already sold — 55 Page Street #526 — recorded at $1,349,000. Square footage for that unit was not in the feed data.
The new listing
950 Tennessee Street #402 came to market at $1,095,000. It is a condominium in the Dogpatch. No additional record detail was available at time of publication.
How the San Francisco market is doing
Across all property types in San Francisco, 130 sales recorded in the last 180 days show a median sale price of $1,466,000 and a median of $1,237 per square foot, on a median size of 1,220 square feet. The range ran from $563,000 to $8,500,000. Year-ago figures for the same 180-day window are not available for comparison.
Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272
- 950 Tennessee · 950 Tennessee St · Dogpatch
- The Hayes · 55 Page St · Hayes Valley
- The Marlow · 1788 Clay St · Nob Hill
- 1440 Broadway · Polk Gulch
- One Rincon Hill · 425 1st St · South Beach
Tim McMullen, CA DRE #02016832. Real estate services provided by Tim McMullen, Broker, CA DRE #02016832. Figures are from recorded sales; nothing here is an opinion of the value of any home.