Citrus Heights 122 home receives an offer in one weekend, and is sold within three hours

But in one weekend, the 1,400-square-foot home with an asking price of $ 399,000 amassed 122 offers in total.

“This house has been on the market for three hours,” Anita Jaquier told KTXL.

The couple said they intend to sell their old home after deciding to move to Idaho. It features three bedrooms, two bathrooms, and a large backyard with a swimming pool and fountain.

“People thought it was underpriced,” Brittan said, adding that the house sold for around $ 450,000, even though the highest bid was over $ 500,000. “Never underrated. Was running with the companies. “

Rapid selling and an influx of offers could be an indication of a comeback Rising real estate prices in the Gulf region, Which resulted in potential buyers placing multiple bids on properties across Northern California; Single family homes in particular as a result of the widespread shift to remote work.

Consequently, prices are rising across the region.

“The market is hot as spring comes,” Vanguard’s agent Alan Touma told SFGATE earlier this month.

This was demonstrated when Santa Clara’s real estate agent Alan Wang Tell Mercury News reported that one of its clients – a family that had made a bid for a single-family home in Dublin – found out that it was one of 49 bids for the home. The four-bedroom home sold for about $ 400,000 over the listing price of $ 1.7 million.

In San Francisco, apartment sales have increased 64% year-on-year since the start of the pandemic. And in Alameda County, Data from the California Association of Realtors He revealed that the median home price rose 21% to $ 1.06 million – for the seventh month in a row, the average home selling price in the county exceeded $ 1 million.

Local SFGATE editor Andrew Chamings contributed to this report.