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Tuesday, March 18, 2014

How Hot In the Real Estate Market? Here's an Extreme Example

[Published Mar. 20, 2014, in the Jeffco editions of the Denver Post's YourHub section]

Here’s how hot: A 1920’s bungalow with no garage and on a noisy thoroughfare was entered on the MLS recently. It was listed significantly above what I think it would appraise for.  Within 24 hours it had 30 agent showings, 40 sets of open house visitors, garnered 6 offers and went under contract for $14,000 over listing pricewaiving appraisal.

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