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A microcosm of the current real estate market

To give you an idea of how the market is behaving today. I was representing a lender/bank for a home foreclosure in Abbotsford. The home was priced at $299,000. We had an accepted offer of $288,000 that went to court for the judges approval. At court, there were EIGHTEEN additional offers with multiple being over $350,000. It sold for $356,100 or 124% of the list price. The assessed and appraised values of the home were both at $300,000.

I think it might be a sellers market…maybe.

Here is the MLS of that listing:

[pdf-embedder url=”http://www.rodfriesen.com/wp-content/uploads/2016/01/3010-Foreclosure-Sale.pdf”]

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