Can the Market Bear This – Recent Sale Back on the Market at a Huge Number
By Keith Kyle
We recently sold the home at 1637 Armour in the Golden Hills for what, at the time, was a very big number of $885,000. We had 9 offers and the demand was pretty unbelievable. It was a fairly rare situation in the Golden Hills as it was a smaller house at 1048 sq feet but it was all a single level and had a 4,100 foot lot. The typical lot in the Golden Hills is 2500 so this is a unique piece of property. The home sold in May of 2016 and is now back on the market for an unheard of $1,050,000 just months later. To our knowledge there were no upgrades done since they purchased.
Will the market possibly bear this price?
Only time will tell.***Update***It couldn’t and the home was rented out instead of selling.