Multiple Offer Aftermath:  21(!) Runner-Up Buyers

How crazy is the Spring, 2017 housing market?

Consider the activity at 2850 Florida in St. Louis Park, listed by Edina Realty – City Lakes’ Susan Melbye for $250k last Thursday (March 30):

Days on market: 4.
Showings: 60+ (including one of my Buyers).
People thru Sunday open house (April 2):  approximately 120.
Offers: 22 (= 21 runners-up).

Wanna guess what happens when the next, similar house comes on the market??

Congrats to Susan and her clients!

P.S.: It goes without saying, the home was well-prepped, priced right, and showed great. The Kitchen in particular was smashing.

See also, “(More) Signs of a Hot Twin Cities Housing Market“; “Once Bitten, Twice Shy? Not in the Housing Market“; and “Why Homes That Sell in Multiple Offers Should Always Appraise.”

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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