Difference in price between an all-cash 10-day close double-end sale vs. a conventional sale

Nowadays, the general public SEES sales data through sites like Redfin, Zillow, and Trulia.  However, the general public often does not know how to INTERPRET the data.

One example is the discrepancy in sales price of IDENTICAL units in the SAME complex.

In the past month, identical 2-bedroom 1-bathroom 858 square foot units sold in the SAME Middlefield Meadows complex for very DIFFERENT final sales prices.

96 Flynn Ave #A sold for $725,000
122 Flynn Ave #A sold for $650,000

Why such a HUGE difference?  I took a closer look.

After looking into it, I found out that 122 Flynn Ave #A had two reasons for such a low sales price:

--ALL-CASH deal closing in just TEN DAYS.  There's no comparison between an all-cash, 10-day close deal like that to buyers who have only  20% down payment.  The other Flynn (which has a CONVENTIONAL buyer with over 20% down payment) paid $725,000.

--That listing agent's company DOUBLE-ENDED that transaction, meaning the same real estate company had BOTH the seller AND the buyer.  Perhaps in an effort to earn double-commission, that real estate company settled for a lower price after only 3 days on the market.

 

In summary:

122 Flynn Avenue #A

sold for $650,000 <-- all-cash="" closing="" days="" in="" span="" ten="" this="" was="">

 

96 Flynn Avenue #A

sold for $725,000 <-- 20="" conventional="" down="" loan="" over="" span="" this="" was="" with="">

Difference in price between an all-cash 10-day close double-end sale vs. a conventional sale