As mentioned in a number of our recent Marin Modern blog posts, we've seen a tremendous increase in demand for homes priced below the $800,000 mark. At even lower price points (below $500k), demand has far outstripped actual supply and multiple offers have become increasingly more common as investors, first-time home buyers, and price-concious buyers are jumping into the market.
Just today I sold one of my listings which generated 23 offers! The property was a spacious fixer with wonderful upside potential. Located at 2021 Burbank Avenue in Santa Rosa, the home was listed at $230,000 and the final sale price was $301,000. My sellers were elated to receive more than $71,000 over the asking price.
While 23 offers is definetly not the norm, I was pleased to work closely with my sellers to prep the home for sale, market it aggressively, and generate a lot of interest in the home which helped increase its visibility to prospective buyers and the number of offers we eventually received.
If you are thinking of selling your home, I'd welcome the opportunity to speak with you about your home and how my high-tech, high-touch approach to listing and selling a home can help bring you top dollar for your property.
Contact me at anytime and let me know how I can assist you with your Bay Area real estate needs.
Renee Adelmann, Owner & Realtor
Marin Modern Real Estate / San Francisco Modern Real Estate