Friday, March 23, 2018

What the heck is going on in Daly City?

In the last two weeks six single family homes have closed escrow. Listing prices for six of these homes ranged from $879,000 to $998,888 with an average listing price of $943,000. 

On average, these six homes sold for 21% over asking and with an average of only 17 days on the market.  The premiums ranged from a high of 40% (there were two homes that achieved that premium) to a low of  "only" 11%.

By way of comparison, the single family homes that closed escrow in San Francisco during the same two week period had an average premium of  "only" 15%. 

There was a seventh Daly City home that closed escrow in the same time period.  It listed for $1,100,000, spent 64 days on the market and eventually sold for its asking price.

No comments:

Post a Comment