Market Update (3/6/14)

We are in the midst of a sizzling market where all cash buyers are increasing and  overbids on even the most modest of homes may be several hundred thousand dollars over  the asking price. Even real estate professionals are puzzled about where to price a home and are relying heavily on their real estate peers for a a collective opinion of value. 
A sampling of Active inventory in Piedmont has the least expensive home- a 2 bedroom, 1 bath on Sunnyside listed for $849,000 and the most expensive home on Sea View listed for $6,400,000.  The most expensive home on the market is Pending-a home on Requa Road listed for $7,400,000. It is expected that the Piedmont inventory will increase in the next few weeks-this may help stabilize prices. 

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