Three stories that prove homes are selling way above list price.
I recently did a market update, but so many people are asking me if it’s really true: Are people truly getting $50,000 to $100,000 over their asking price? Today I’ll share three stories to show you what is actually happening in our market.
For our first story, I pulled the last three sales from Frisco, Texas. The first home was listed for $419,000, and it closed in five days for $108,000 over asking price. The second one closed the very next day; it was listed for $600,000 and sold for $65,000 over asking. The third one was listed at $700,000, and it closed for $101,000 over asking price. As you can see, homes are absolutely selling far above their list prices
The second story comes from one of the agents on my team. They were working with a buyer whose price point was around $450,000. They went in with a strong, full-cash offer that was over $100,000 above the asking price. They even gave the seller a free leaseback and a short option period. That property got over 100 offers, and our offer wasn’t even among the top 10. We don’t know what it sold for yet, but it had to be somewhere in the $600,000 range.
“Homes are absolutely selling far above list price.”
Our last story is about one of our clients. He was going to buy a home, and he had already lost out on two offers. We pulled the data and found out that the highest offer over list price in his range ($700,000 to $1 million) went 13% over the list price. We went 13% over asking, and we won.
So yes, what we said about the market is actually true; take it from these five actual homes that sold far about list price. If you’re curious about what your home might be worth, give us a call. We’d be happy to do a free market analysis and help you strategize to find that next home.
