Sure, overbids may drag the average price paid for a Denver home up. And sure, overbids outranked underbids last week by about six percentage points.
But it's still good to remind ourselves that underbids are also a part of Denver real estate and list prices aren't written in stone. Here's a deeper look at last week's biggest underbids.
Last week, 36.3 percent of the people who bought a home paid less than its asking price. The differences ranged from $900 less to a full $450,000 under list price.
Here are the top five underbids of the last week.
400 Cook Street, sold for $450,000 under list price
- 4 bedrooms, 5 full bathrooms, 9,561 square feet
- Sold for $4,800,000, 8.6 percent under asking price
2244 Birch Street, sold for $115,000 under list price
- 4 bedrooms, 1 full bathroom, 3,758 square feet
- Sold for $780,000, 12.8 percent under asking price
3026 South Sheridan Boulevard, sold for $44,500 under list price
- 3 bedrooms, 1 full bathroom, 2,266 square feet
- Sold for $255,000, 14.9 percent under asking price
3449 North Franklin Street, sold for $49,950 under list price
- 3 bedrooms, 1 full bathroom, 1,353 square feet
- Sold for $250,000, 16.7 percent under asking price
2707 South Langley Court, sold for $100,000 under list price
- 4 bedrooms, 1 full bathroom, 2,756 square feet
- Sold for $450,000, 18.2 percent under asking price
Data courtesy of Usaj Realty.
