San Francisco Home Sold for $7 Million Over Asking
A residence at 2 Sixth Ave traded for $15 million, highlighting ongoing demand in the luxury market.
Updated on Oct. 9, 2026 in Residential
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A four-bedroom house in San Francisco sold on October 7, 2026, for $15 million, which was $7 million above the original asking price. The sale drew significant interest, ultimately receiving nine offers for the 1914 property.
Why it matters
The sale reflects continued demand for rare properties, as the home's size and location near Presidio National Park drove competition that pushed the final price 87.5% over the initial $7.999 million listing.
The home sold for $15 million, or $3,340 per square foot, significantly outpacing the city's August median house price of $1.855 million. This transaction is among 144 sales in the city this year that closed at least $1 million above the listed price.
The players
Compass
A national real estate brokerage that provides market data and listing services to residential buyers and sellers.
Presidio National Park
A federal park area that acts as a landmark boundary for adjacent premium real estate developments.
The details
The property, which sits on a 9,233-square-foot lot, was listed in late September 2026 and attracted nine separate bids. The final sale price reached nearly double the asking price of $7.999 million. This aggressive bidding process occurs as inventory constraints continue to shape the local market.
Timeline
1914: Original construction of the residence.
First half of 2026: 144 homes sold $1 million over asking.
August 2026: Median house price reached $1.855 million.
Late September 2026: Property listed for sale.
October 7, 2026: Real estate transaction closed.
Money Landscape
This sale follows the pattern set by the Compass report of 144 high-end homes selling over asking throughout the first half of 2026. It highlights how limited inventory drives significant premiums for unique properties in the current market cycle.
For those shopping in the luxury segment, this sale underscores the importance of being prepared to act quickly in a high-demand environment. Buyers should consult with a qualified financial professional to determine if their budget can support premium bidding strategies.
The takeaway
This transaction underscores that unique properties in prime locations can command massive premiums even when initial list prices appear high. Homeowners interested in how current market demand might impact their home value should consult a qualified real estate or tax professional to review their local market conditions.
Further reading
For more on market trends, visit Residential.
Source note: This article includes information reported by New York Post.
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