84 Showings, 16 Offers, $740,000 Above Asking
✉️ Want to forward this article? Click here.

Despite the fact that there are clear signs that the housing market is heading toward a more balanced place between buyers and sellers, there are still examples of very heated competition in certain neighborhoods.
And here is one of those examples.
About a month ago, UrbanTurf featured a five-bedroom Chevy Chase home in its weekly Best New Listings roundup. The home offers interesting amenities such as a Tesla charging station and a media room in the fully finished basement. The owner's suite on the second floor includes a walk-in closet, a full bathroom and a sitting area. There is a fully screened porch that looks out onto a backyard featuring a large lawn with stonework and established trees.
Despite this complete package, the sellers and listing agent were surprised by the overwhelming interest in the house.
story continues below
story continues above
"We had 84 showings and 16 contracts," listing agent Melissa Estridge told UrbanTurf. "The home was very special and I believe it resonated with a lot of buyers. We too were surprised at the activity and outcome."
The most surprising component of the transaction may have been the final sales price. With 16 offers, the final price for the home was pushed up $740,000 above its original $1.5 million asking price to $2.242 million.
Do you have a wild real estate transaction that you want to share with UrbanTurf? If so, just shoot us an email at editor(at)urbanturf.com.
Photo courtesy TruPlace
See other articles related to: above asking, dc housing market, dc housing market trends, dc housing prices
This article originally published at https://dc.urbanturf.com/articles/blog/84-showings-16-offers-740000-above-asking/19724.
Most Popular... This Week • Last 30 Days • Ever

As a homeowner, it's important to understand the types of insurance you need to prote... read »

The Hoffman & Associates project is having difficultly securing financing.... read »

Today, UrbanTurf takes a look at the residential pipeline southeast of Florida Avenue... read »

While the number of homes on the market is much higher than last year, that probably ... read »

This week’s Best New Listings includes a cozy one-bedroom in Adams Morgan and a fiv... read »
- What Types of Insurance Do You Need When You Own a Home?
- 445-Unit Mixed-Use Development Adjacent to Audi Field Will Be Delayed
- The Nearly 2,500 Units That Could Still Be In The Works For NoMa
- DC-Area Home Prices Set Record In April As Supply Soars
- Best New Listings: In The Middle Of Adams Morgan, In The Woods Of Forest Hills
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro