The Bay Area market has been infamous for pricing homes low to spark bidding wars that get people to bid 100-500k over list. I’ve noticed in the last month or two that list prices are going up for some homes – stating that this is the new “transparent” price. I understand why this is happening and it’s so interesting to see this shift. The artificially low list price was such a disheartening tactic for potential home buyers so even though prices are still crazy high, at least you know what price the seller expects to get (and there aren’t as many bidding wars). Anyone in the Bay seeing this as well and having luck buying a house at list price?
Some examples:
https://www.trulia.com/p/ca/berkeley/1636-stannage-ave-berkeley-ca-94702–2083947501
https://www.trulia.com/p/ca/berkeley/1075-keith-ave-berkeley-ca-94708–1013490745