Two contracts, one sale

20 Windabout Drive, asking $2.650 million. This property sold for $2.4 million in 2003, was extensively renovated, and it's been on and off the market since 2012, when it started at $3, 495. It was pulled in 2014, returned in 2015 at $2.995, pulled again 2016, then came back in June, 2017 starting at $2.795, and dropped to todays price of $2.650. It won't surprise me if its final selling price turns out to be very close to that 2003, renovations notwithstanding.

The owners of 450 Lake Avenue, $4.850, did quite a bit better, waiting just 10 months to find a buyer. It's quite a nice house, built in 1939 and renovated in 2017, so I'm surprised that it took all those months, and a price cut from $5.250 to its current one. I'd blame at least a portion of that delay to the fact that 2017 wasn't a particularly hot market, while 2018 is looking much better.

20 Grahampton

And as if to demonstrate that improvement, 20 Grahampton Road, built in 1997, renovated in 2007, came on the market this past January 19, priced at $4.5 million, went to contract in 10 days, and closed yesterday for $4.275. As I've pointed out here before, it can easily take a week, or more, to move from accepted offer to contract, so this property likely had a buyer within a day or two of its listing.

I don't know whether it happed here, but often quick sales like this at the beginning year can be attributed to buyers who spent the fall looking at houses, without success, but educating themselves on the available. When a new listing comes on that they do like, they're ready to pounce..