Bidding wars and over-asks are still features of Greater Boston real estate, despite signs of a cooling housing market. The seven-year-old 7 Carver Street in Somerville just east of Porter Square is proof positive. The 3,500-square-foot, three-level, wood-covered single-family dropped originally in early September for $1,365,000 (which, incidentally, just barely made it nearly expensive enough to be among Somerville's priciest listings). Soon potential buyers had descended on the 4-BR, 4-BA with a sizable deck and a one-car garage, and the price shot upward. A deal for 7 Carver closed just before Thanksgiving (though we're only picking up on it now due to some other Somerville news). The final tag? $1,400,000. That is a full $35,000 over the asking after 98 days officially on the market.
· Reaction to Boston's Incredibly Cooling Housing Market [Curbed Boston]
· Next Somerville Price Record? Giant 137 Sycamore Drops [Curbed Boston]
· Our Big Deals archive [Curbed Boston]