What Kind of Home Sells in Multiple Offers Near the Holidays? THIS Kind!

Sold in 3(!) Days — For Almost $43k Over List Price!

Where: 140 Gleahaven Road, Wayzata.
What:  4 BR/3 Bath mid-century Rambler with 2,800 finished square feet.
When: closed November 30.
How much: listed for $459,900; sold for $502,500.
Who: listed by Carolyn Olson, Coldwell Banker Burnet; sold by Gregg Larsen and Mike Rosolanka, Coldwell Banker Burnet.

In a season when some would-be home Sellers are contemplating taking their homes off the market, and others are deferring going on the market (presumably, until after the New Year), it’s worth noting that at least a few Twin Cities home are selling briskly.

Exhibit A:  140 Gleahaven Road in Wayzata.

Listed about a month ago, it immediately attracted multiple offers, and ultimately sold for more than $40k(!) above the asking price, in a cash deal (I got the scoop from a colleague who represented one of the runners-up Buyers).

Especially noteworthy:  that $500k price point is well above the range of most multiple offers in the Twin Cities.

See also, “Christmas — and TNAS — Season.”



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