Just Listed- 674 Chaparral Drive

[JordanLotoski]

THIS HOME HAS IT ALL!!.....1900 sq foot fully developed 2 storey in the heart of Chaparral. This home has been meticulously maintained. Estate quality finishing's, elegant hardwood flooring throughout main, large open concept living, upgraded kitchen with granite counter tops, dining area with 12 foot ceilings, custom stainless steel tiled fireplace, Huge bonus room with hardwood flooring, new carpet, 3 great sized bedrooms. The master features a walk in closet and spa like bathroom. Fully developed basement with large office, and media room. New Roof, New Windows, Central Air, Underground Sprinklers, Extensive landscaping with exposed aggregate patio, Storage shed, West facing back yard. View today

Photos and Listing details
http://jordanlotoski.com/mylistings....tails-37175723

[JordanLotoski]

Sold @ 101% of list price

[Masked Bandit]

Sold on the same day as listed for over the asking price? Are you seeing this as a regular occurrence now similar to 2006 / 2007 when things were crazy?

[pheoxs]

Originally posted by Masked Bandit
Sold on the same day as listed for over the asking price? Are you seeing this as a regular occurrence now similar to 2006 / 2007 when things were crazy?

There seems to be a few like that.

http://abmls.mlxchange.com/DotNet/Pu...33&s=ALB&t=ALB

DOM 2, Sold for 110% of asking.

[CanmoreOrLess]

Originally posted by Masked Bandit
Sold on the same day as listed for over the asking price? Are you seeing this as a regular occurrence now similar to 2006 / 2007 when things were crazy?

Means the listed price was too low IMO. Old demand v supply, so the price should be higher. On the day, the house sold for X, would it have sold for X plus on a later day or week? The buyer thinks so or was in a panic/need situation. My in-laws in Victoria are about to lose 80K on their newish home, it is three years old, they obviously overpaid in buying it for 450K but were in a panic need situation at the time.

[n1zm0]

Originally posted by CanmoreOrLess
Means the listed price was too low IMO.

+1, bidding war ensued probably, I know when my parents sold their first house this happened, 2 different clients wagering back and forth the whole day apparently.

[BigMass]

Originally posted by Masked Bandit
Sold on the same day as listed for over the asking price? Are you seeing this as a regular occurrence now similar to 2006 / 2007 when things were crazy?

and tons of places on mls in Calgary that have been on the market on and off for years and not selling. A good deal is a good deal in any market and obviously a lot of people thought this was a gem. Every house isn't a gem though. People hear about this and see this and assume they can start asking ridiculous prices for their average homes and they just sit.

[max_boost]

Wow Jordan. You posted it up and sold it 2 mins later. That is gangster.

[JordanLotoski]

Originally posted by CanmoreOrLess


Means the listed price was too low IMO. Old demand v supply, so the price should be higher. On the day, the house sold for X, would it have sold for X plus on a later day or week? The buyer thinks so or was in a panic/need situation. My in-laws in Victoria are about to lose 80K on their newish home, it is three years old, they obviously overpaid in buying it for 450K but were in a panic need situation at the time.

CMA was 499,900. I pushed to 509,900 based on limited inventory...sold for 515,500...Crazy market out there. My guess is we will see a 7%-8% increase over 2014