Here we have a 3 bed, 1.5 bath condo at 256 Page built in 1885 asking $899,000 (perhaps a little low, but that’s how you get the activity), received 4 offers on Thursday, of which we were one of them. Our original offer was $925,000 (scared by all the media reports of a “down” market, we thought we’d go conservative.) We got blown out of the water on our original offer, were countered (multiple counter offers) at $995,000, could only go to $950,000, and we’re told it is in contract over $1+MM, with a solid backup offer, also over $1MM. So HOW IS the market? I forgot to add, the offer that ultimately is the highest was apparently already above $1MM before counter offers were even written up.
[Update 4/24/2007: It has sold for $1,015,000]