It had to happen

3 Gisborne Place

After 691 days, 3 Gisborne Place reports a contract.

It didn't help its chances that it started off in April, 2015 at $4.595, or that the builder never dropped his price below this last one, $3.849. He paid just a million for the land, so I don't understand his stubbornness, but if he's getting anything close to that last asking price then I suppose he'll be proved right, to himself anyway: two years is a long time to let a house lie empty and capital sit things out.

Gisborne's a decent little cul-du-sac of 3 (4?) houses, and there is nothing particularly off-putting about this house, though its yard is a little bit sketchy. I'd say price kept it on the market so long, and nothing else. 

12 Guinea Road

And speaking of long time market denizens, 12 Guinea Road has closed, for $1.575 million.

A firm I used to work for listed, and sold this property to the seller for $2.340 back in 2005, a price I didn't think much of but whenever you have an office pricing party there's bound to be at least one skunk.

Ogilvy brought it on at $2.4 million in 2013, which was a reasonable attempt to help the owner almost break even, but reasonable and futile often coincide, and it took three years, a number of price cuts and a few new agents to bring this to fruition. 

Dark house, in the woods, on a sort-of-unpopular street, and dated; not a winning combination, though the new owner can probably fix most of those drawbacks.