Hello Maya, yes this was a bank owned/REO property that was listed for sale on the MLS on October 3, 2008 for $294,500. Only 3 days on the market and the bank was in contract with Buyers who closed escrow on October 31st. Was listed for $294,500. New buyers paid $320,000. Why would the buyers pay more than listed price? There was probably multiple offers on the property and the bank/REO(Seller) of course chose the highest offer with the best terms. Not uncommon. Kind regards, - Andrea Wince.