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.”