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Yes, Redfin shows some of the properties at least in Seattle area are being sold at an exorbitant price (way more than asking price). Too few houses, too many b
by mandliya 8y ago
Yes, Redfin shows some of the properties at least in Seattle area are being sold at an exorbitant price (way more than asking price). Too few houses, too many buyers!
- paulddraper 8y agoThis is the result of (1) wealthier buyers (2) increased urbanization and (3) housing supply still playing catch up from 2008. Nicer reasons than say, stagflation.
- gaius 8y agoThe buyers are likely to be overseas property investors - there is a lot of this in London
- okmokmz 8y agoYup, I purchased a house in the Seattle area in 2016 for 12% over the asking price. This year it appraised for 58% more than what we bought it for. Houses are regularly selling for over >10% over asking prices as soon as they're listed