72 Laddins Rock, bought for $1.3 million in 2004, re-listed for $1.850 in 2008 (go figure) and eventually reduced to $1.275, is reported under contract today. I’m surprised that it’s found a buyer: busy road, literally no yard, no windows on the south side, ensuring total darkness all day, and not necessarily the final word on building quality, but someone obviously like it. Good for them; I hope they got a good price. Assessed value is $967,500. UPDATE: short sale, $1,050,000 (plus fees)
Francine Drive, a tear-down, is under contract somewhere below its asking price of $950,000.
48 Benjamin Street, originally listed for $2.3 million in 2007, dropped to $1.850 awhile ago and now has a contract.
So there are buyers out there – all you have to do is price your house low enough to attract them.