The usual suspects, hurry-ups
In a fall market, during the current recession, I had clients who were involved in a bidding war in one of the “usual suspect” towns. The offers where collected on Monday. I was told that there were 16 of them. My clients were within market value, and were roughly $20,000 over asking price. The property sold for $102,000 over asking price. (This property had an asking price between $700-900,000.)
Bidding wars are still happening through the recession. They are happening outside of “silly season” (as one of the commenters called the tax credit period.) Here is the asking price and sale price information for hurry-ups in the usual suspect towns, Arlington, Brookline, Belmont, Cambridge, Lexington, Needham, Newton and Wellesley for the past six months.
Asking price// Sale price
$329/$329
$339/$338
$349.9/$350
$379/$390
$379/$370
$385/$379
$398/$350
$399/$381
$399/$399
$400/$400
$419/$418,4
$439/$449
$439/$458
$440/$439
$449/$475
$459/$450
$460/$450,5
$464,5/$445
$465/$486
$495/$457,5
$499,9/$500
$510/$482,5
$519/$510
$525/$530
$525/$536
$529/$529
$529/$527
$530/$525
$550/$546
$557/$550
$572/581,9
$589/$589
$595/$595
$599/$620
$599/$654
I am already seeing the hurry-up at work this early spring. Are you?
$619/$621
$625/$638
$639,9/$616
$649/$649
$649/$639
$689/$694
$699/$705
$699/$699
$699/$697
$699/$750
$729/$702
$759/$759,9
$775/$775
$779/$760
$789/$825
$799/$1M
$799/$799
$849/$810
$850/$875
$899/$890
$899/$894
$919/$915
$925/$925
$929/$910
$939/$953
$939/$910
$949/$925
$959/$918
$1.1M/$1.13M
$1.2M/$1.184M
$1.35M/$1.41M
$1.599M/$1.5M
$1.7M/$1.85M
$1.749M/$1.749M
$2.225M/$2.075M
$2.595M/$2.4M
$3.5M/$3.46M
