Is there a new strategy for home selling that I'm unaware of called "Shoot for the Moon"?

A few instances recently in our balanced real estate market, I see a listing where the price is significantly higher than recent comps. In one case, the home was listed at $539k and sold 5 months later at $480k. Based on comps, the home should have been listed no higher than about $409k.

In another case, the home was listed at $489k and sold within two weeks for $485k. Again, according to comps, it should have been priced for no more than about $429.

Were these two instances simply cases where the buyers didn't check the comps before making their offers or were these sellers onto something?

In other words, if a seller has the time and money to sit tight, how successful is the strategy of significantly overpricing a property with the plan of selling somewhere between list price and about 20+% over actual market value (per the comps)?

a buyer is willing to pay what a house is worth to them.

that one case with $489k and sold for $485k when comps were $429k is one lucky seller and one dumb buyer. buyer probably had to come in to pay the difference from the property's appraisal.

right if the seller can afford the holding costs and to just sit tight and wait, more power to them. these arent motivated sellers. these type of sellers are messing up your market with the price inflation when theres no real value added to the property itself. when a neighbor sees this happening, they might think of joining the bandwagon and overinflate their price and get lucky.