Teensy Little Bidding Wars

Time was when I had so many big, $3M+ listings, I would privately refer to my lower-priced listings as “cheapies” (or worse expressions). But life has a way of slapping the arrogant upside the head, and the day came when the big listings stopped selling, and I was oh so glad to have those little “cheapies”, which continued selling nicely.

Not merely selling nicely, but going gang-busters, in fact. In the last 6 months, we’ve seen 55 sales of properties priced  $300,000-900,000, with 11 of those selling for over ask, and another 11 or so selling at ask*. That’s good business.

Here are those 55 sales of Greenwich cheapies.

These 11 went over ask.

12 Linwood Avenue, in Riverside, going way over the ask of $679,000 (closes Monday).

12 Linwood Avenue, in Riverside, going way over the ask of $679,000 (closes Monday).

* Not to second guess my fellow competitors, but when a property sells for ask, I’m pretty sure you could have gotten a bidding war going, with a bit more effort.

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