That seems like a crazy way to do business.  Was the key scarcity?  Are there limited numbers of homes like these three?  You mentioned there are other homes still on the market and the one not even on the market sold for the highest price.  Were the other two not in the same class?   Curious on this one.

Lexa 

Lexa - all the homes are approximately in the same class. The one that sold the highest had some special features that this particular buyer was willing to pay for. In this development there were 4 sold and 3 are still on the market in the last 6 months. The prices are in the $1.4-$2mln range. Thanks for checking in and asking.

Thanks Faina.  I know I have seen the same thing happen here, but it was for homes  that were able to get a certain type of mortgage.  It may be an overall buyers market, but there will still be bidding wars in micro areas. Thanks for the post once again.

Lexa 

We have conducted a couple of auctions and have gotten decent results.  The houses don't sell for top dollar, but they do sell for 80%+ of the market value.  It sure beats sitting on the market for months with no showings or offers. This seems like a good thing if the sellers are quite motivated.

Rob - thanks. You are right - once the price is at "market" level, even in todays week market there can be bidding wars. These transactions are not sub-prime category. And once in a while "miracle" happen - the right buyer for the right home - and presto -you have Higher price.

Lexa -you are so right. No subprime loans here.

I assume that in the higher range market that you are talking about that financing is not so much an issue because your buyers are well qualified in order to afford something at that price anyway.

Rob - you are right, the financing was not an issue here at all, just the general dynamics of the "slow market".

Faina, great talking with you last night. This just goes to show that the right Buyer for the right house is key in any market!

Gena - thanks for picking up the phone and reaching out. I think this spirit can do wanders for our AR community and for the real estate community in general.

As for the Right buyers - I wish them to all of us!

Faina, it was my pleasure. You are an amazing person. I along with you, hope all the right Buyers find their special homes.