The close of the month saw 14 sales reported, which will provide some good number crunching material – I’ll pull it together tomorrow, promise. In the meantime, notable sales include:
84 Field Point Circle, $38.5 million
60 Club Road, $5.3
2 Birch, $4.8
215 Clapboard, $4.3
Notice that, Field Point Circle aside,
the market for sales of + $5 houses is just about non-existent. That’s attributable, I think, to a disconnect between sellers and buyers in this range. I am personally working with three buyers in this range and obviously, if a small schnook like myself has three such buyers the big guys have many, many more. But folks with the smarts to assemble this kind of buying power aren’t going to toss it away on a seller’s dream price while sellers don’t seem to have to sell so …. bupkis. Oh well.
I did like, by the way, 19 Ivanhoe Lane, which reports in as selling at $2.4 million. I think that was a great price and I think the buyers will be quite pleased with their purchase. Very nice house, excellent street, good buy.
And one contract to report, 17 Wynwood, asking $7.975. Excellent quality, new construction, and down a couple of million from its original ask. I’ve shown this house several times and always liked it – more than my clients, alas, but that’s how this business works.