ST Alpha - "I bought my condo less than 2 years ago. Yesterday an identical unit went on the market asking 30% more..." (Reading a Post)

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I bought my condo less than 2 years ago. Yesterday an identical unit went on the market asking 30% more...

Posted by howie (aka howie) Jul 7 '21, 17:26

...than what I paid. My realtor said units are selling over the list price.

That's crazy.

Responses:

same here. a friend was at an open house on the weekend that was cancelled when it was bought for 20% over asking sight unseen. -- nm - mafic Jul 7, 17:52
People keep insisting "it's not a bubble" but this does not feel sustainable to me? -- nm - ty97 Jul 7, 17:33 4
- Seems that it isn't generally possible to get a loan for prices over the price the houses are valued at. - . Jul 7, 19:16
- agreed -- nm - Beaker Jul 7, 17:37
- We're starting to see it ease up a bit here. Prices aren't falling, but the all out wars and overbids are not happening as frequently and extremely. -- nm - pmb Jul 7, 17:36 1
  - Our friends sold a rental property. Listed it, within 6 hours got 5 offers. Kept it on the listing for another 2 days and got 25 total offers - JaxSean Jul 7, 17:45
Market’s starting to look pretty good right now -- nm - DJT Jul 7, 17:30
Do I remember correctly that you moved to Florida? -- nm - Meg Jul 7, 17:29 1
- Correct. I actually get texts and voicemail messages asking if I want to sell my condo sight-unseen. - howie Jul 7, 17:36

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