Housing in our area has been trending upward. But, the past month or so it has been getting a bit crazy. For example, the Zillow value on our house has risen $13k in the last 30 days.
Today, one of our clients came in with his dog and was telling us about their up-coming move. He and his wife are retired and are moving to So. Oregon closer to some of the wife's family and downsizing their living space. They put their current home on the market and seven days later they had five offers.
$5k below asking.
Asking price.
$5k above asking.
$15k above asking.
$50k above asking.
No, not a typo, really $50k ABOVE asking price. Obviously they chose that offer. He said these buyers had been outbid on several other homes and they were determined not to lose another house!
Um, Wow!!
It's going to be an interesting summer for house values.
Interesting Real Estate Activity Here
May 22nd, 2013 at 10:04 pm
May 22nd, 2013 at 10:33 pm 1369262030
May 23rd, 2013 at 01:20 am 1369272009
May 23rd, 2013 at 01:50 am 1369273803
May 23rd, 2013 at 04:34 am 1369283671
Real estate had Been so red hot here too this spring. Our house value is up 80% over 12 months. Summer will indeed be interesting!
May 23rd, 2013 at 04:36 am 1369283816