Did these people overpay?

[Perry R.]

I noticed these listings where active properties are listed for less than recent comps. The first two listings are interesting. The sold house has a terrible lot while the direct comp had a view lot. I've also noticed some flips chasing the market down.

Reno/Sparks Price Drops
https://www.redfin.com/NV/Reno... active
https://www.redfin.com/NV/Reno... sold
https://www.redfin.com/NV/Reno... active
https://www.redfin.com/NV/Reno... sold
https://www.redfin.com/NV/Reno... sold

Curious about your thoughts.

[Larry Turowski]

(These links don't work for me.) If you look at the listing price of those comps I bet they were much lower. In this seller's market (slowing down now) it hasn't really mattered that houses have been listed at 2021 or even 2020 prices. They've been getting multiple escalating offers driving the sales prices well above asking.

This may be changing as we speak.

[Perry R.]

2780 Peavine Creek Rd,Reno, NV 89523 2625 Peavine Creek Rd,Reno, NV 89523 sold
4737 Amber Hill Ln,Reno, NV 89523-9404 4743 Amber Hill Ln,Reno, NV 89523-9404 sold 4559 Windcrest Dr,Reno, NV 89523 sold