Berkely Home Sells For 1 MILLION Dollars Over Ask (condos, claim, offers)

[anononcty]

A 2400 sq ft home in Berkely California sold for 1 MILLION dollars over ask. Had 29 offers in 11 days

https://www.sfgate.com/realestate/ar...g-16067210.php

[RationalExpectations]

Things like that happen in the Bay Area after companies go public either via IPO or via SPAC. I remember in 2005 -- 6 months after Google went public (that is, after the employee lockup period expired) we had realtors knocking on our door seeing if we might be interested in selling - they claimed they had Google employee clients willing to write a big check.

[davebarnes]

Originally Posted by anononcty

in Berkely California

Berkeley
3 e

[anononcty]

Originally Posted by RationalExpectations

Things like that happen in the Bay Area after companies go public either via IPO or via SPAC. I remember in 2005 -- 6 months after Google went public (that is, after the employee lockup period expired) we had realtors knocking on our door seeing if we might be interested in selling - they claimed they had Google employee clients willing to write a big check.

That was going on in south Florida duing the first boom. 50K snowbird condos were getting 200K plus unsolicited offers. Beachfront condo owners briefly were getting 700Kish for units bought for under 200K pre boom. Knew someone who struggled to sell a 199K condo after the crash had to wait a few years to get a little over 300K.

But one million over ask in inflated market wow.