You guys, there was a truly nutty overbid last week. After a bidding war, someone paid a full $315,000 over list price for a home. Listing broker Jeff Plous says that there were extenuating circumstances though.
The buyer originally intended to sell the house and part of the parcel separately. But to sweeten the deal, two sellers offered to buy the parcel, plus the home. So really, in that case, the listing price is not really a reflection of what the buyer got in the end anyway.
But that’s not really how everybody else’s week went. More people paid under list than over list price, for one. Last week, 36 percent of the people who bought a home paid more than its asking price. The differences ranged from $1 extra to a full $315,100 more.
Here are the top five overbids of the last week, from smallest to biggest.
3216 North Vine Street, sold for $31,100 above list price
- 3 bedrooms, 1 bathroom, 1,734 square feet
- Sold for $391,000, 8.6 percent above asking price
7755 East Quincy Avenue, #308A7, sold for $15,000 above list price
- 2 bedrooms, 1 full bathroom, 967 square feet
- Sold for $180,000, 9.1 percent above asking price
6880 Galapago Court, sold for $27,333 above list price
- 3 bedrooms, 2 bathrooms, 1,998 square feet
- Sold for $285,333, 10.6 percent above asking price
1563 North High Street, sold for $101,000 above list price
- 4 bedrooms, 1 full bathroom, 2,538 square feet
- Sold for $500,000, 25.3 percent above asking price
2438 Glenarm Place, Denver, CO 80205, sold for $315,100 above list price
- 4 bedrooms, 1 full bathroom, 2,194 square feet
- Sold for $1,040,000, 43.5 percent above asking price
Data courtesy of Usaj Realty.