Reply to SPRING MARKET!! What's the vibe?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wow, this Alexandria house in Del Ray: https://redf.in/4BUrzQ

Listed for $1.19

Sold today for $1.34[/quote]

How do you know what it sold for? Did you bid on it?[/quote]

Oh, I see it lists the price. Did it close the day it sold or something?[/quote]

I’m just a neighbor that lives up the street.

All of this info is publicly available on the Redfin/Zillow listing. It says it was listed February 26 and closed March 13.

This is a pretty big spread between asking and final sale price compared to SFH sales in this neighborhood in 2025. Last year most houses were going for around asking, sometimes a bit more or a bit less.

I think two things are true in my small market of Alexandria City:

1) It seems real estate agents are convincing their clients to underprice listings and let people bid it up, with this house being an example of that

2) There seems to be more hungry buyers out there right now and that’s creating more competition. It’s not Fall 2020 wild, but it only takes a handful of serious buyers interested in a house to bid it up like this. [/quote]

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