In a mostly dormant market, some sparks of life

Mostly rental activity reported this days, but here are two big items;

35 Winding Lane, $7.495 million, is reported as pending after just 42 days on market, which is a good indication that it will be selling for something reasonably close to its asking price. Owners paid $6 million for it new in 2016 and put some major money into improvements, but I’d guess they’re making out here.

And while it took longer, 29 Meadowcroft Lane finally has a pending sale. Last asking price was $5,499,500, which, while a disappointing come down from its initial 2016 price of $8.9 million, is still an impressive price. It’s a 5.5-acre building site, so someone presumably has plans for a $15 million mansion here, and his fellow taxpayers should be pleased.