A house in San Francisco sold for $2.1 million over asking price, proving that the real estate frenzy isn’t over yet

The home was built in the 1970s, and this was the first time it had ever hit the market — meaning it had only one prior owner.

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It stayed on the market for just 11 days and received 15 offers, all of which were above asking price, according to Compass.

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One of the home’s main selling points is sweeping views of San Francisco …

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Despite some signs that the US real estate market is cooling down — like more small homes hitting the market, price increases slowing, and bidding wars dropping off — this home sale proves how competitive the market still is, 18 months after the onset of the pandemic.

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Source: Insider

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