In the Bay Area, homes are selling faster than anyone anticipated. Along with that comes news that they are selling for more than anticipated as well. 

Per Silicon Beat, more than 60 homes in San Jose have sold in the last month for around $200,000 over the listed price. These homes are mostly located in Sunnyvale (close to where Apple’s new spaceship is soon-to-be) and Cupertino (where there are some highly ranked schools).

Some of the most recent sales show that the listed price almost doesn’t matter. Real estate agents may be pricing homes low to get a bidding war going to drive the price beyond its original value.

Recent examples include a home listed in Sunnyvale asking $1.8 million that sold for $2.3 million, $482,000 over the listed price. Another house in Sunnyvale listed at $1.99 million and sold for $2.45 million, $462,000 over the asking price. Even townhomes are selling significantly over asking price, as one in Sunnyvale listed at $1.09 million and sold for $1.4 million, which adds up to $301,000 over asking.

In a recent report by Redfin it was determined that in the San Jose metro area last month, 73.7 percent of homes sold above the listing price. In the study, this figure was the highest in the nation. San Francisco follows behind at 70.6 percent (the second highest in the nation).