When a Property Sells Substantially Below Asking In a Hot Market!

Sometimes a property sells substantially below the asking price even though the market is hot as demonstrated by a recent sale in Twin Peaks. The property had sold for $2,000,000 in May of 2014. (Having seen this condo recently, it became clear to me that the seller paid way too much in what must have been a bidding war in 2014.) It was brought back on the market less than a year later in February of this year for $1,999,000,

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