Well, summer's just about over, and accordingly, the summer housing season is cooling too.
Last week, a higher share of new homeowners paid less than asking price than paid over asking price. Specifically, 40.6 percent of the people who bought a home paid less than its asking price. Overbids were 35 percent of last week's home purchases.
The underbids of last week ranged from $400 less to a full $225,000 under list price. Here are the top five underbids of the last week.
3131 E. Alameda Ave., #1505, sold for $49,999 under list price
- 2 bedrooms, 2 full bathrooms, 1,404 square feet
- Sold for $425,000, 10.5 percent under asking price
226 S. Julian St., sold for $23,500 under list price
- 2 bedrooms, 1 full bathroom, 1,154 square feet
- Sold for $195,000, 10.8 percent under asking price
4516 W. 5th Ave., sold for $35,000 under list price
- 4 bedrooms, 1 full bathroom, 1,940 square feet
- Sold for $265,000, 11.7 percent under asking price
3278 S. Glencoe St., sold for $41,500 under list price
- 4 bedrooms, 1 full bathroom, 1,313 square feet
- Sold for $303,500, 12 percent under asking price
435 W. Colfax Ave., #300, sold for $175,000 under list price
- 2 bedrooms, 2 full bathrooms, 3,783 square feet
- Sold for $900,000, 16.3 percent under asking price
Data courtesy of Usaj Realty.
