This might surprise you, I had coffee this morning with a Boston South End real estate broker, and he told me that he lost out on two deals because he was out bid by another agent.
Out of curiosity, I looked into Boston South End condo sales for the last month. Guess how many condos sold at or above asking price? One, two … no try 13 condos in the month of August. According to MLS, the sale price to list price in the South End is 99%.
How other Boston neighborhoods are fairing:
Back Bay sales price to list price – 96%
Charlestown sale price to list price – 97%
South Boston sales price to list price – 97%
File Under: Should Boston condo buyers get nervous about bidding wars?