|Market St. neighborhoods|
|Polk St. neighborhoods|
There was something unusual that caught my eye in the November sales lists. The percentage of listings that sold for under asking in the neighborhoods around Polk St. was approximately double around the Market St. office: 38% vs 14%. (11 of 29 for Polk St. vs 5 of 35 at Market St.
I haven't gone back to check (I will and I'll update this post) but this seems an unusual situation from two perspectives. First, we're used to most listings selling for over asking -- this is a city-wide phenomenon. And more locally, although the total number of sales around each office varies from month-to-month, there are usually only a small number that sell for under asking. Having more than a third of listings sell for under asking around the Polk St. office is very unusual.