Sticker shock is back in Presidio Heights. A full rebuild at 10 5th Avenue closed for $13.5 million on April 2, one of the steepest home prices San Francisco has seen this month. The deal landed about $1.5 million over its mid-March asking price, a clear sign that aggressive bids for trophy properties are very much back in play across the city.
Presidio sale tops April lists
The Eastwood Development foundation-up rebuild hit the market at $12 million on March 17 and was in contract within weeks, closing at $13.5 million on April 2. The listing details roughly 6,075 square feet, seven bedrooms and multiple levels designed for entertaining, according to Compass. The sale ranked among April’s top transactions in the city, according to the San Francisco Business Times.
Data: buyers paying well above list
The big Presidio number is not a one-off. Citywide, buyers have been routinely stretching past list prices. According to Redfin, San Francisco’s sale-to-list price…..