Inventory clearance
/Lots of our older inventory is suddenly finding new interest from buyers, which is great news. Mind you, we still have something like 105 unsold houses priced at $6 million and up, but at least the small fry are moving.
6 Golf Club Road, for instance, marked down to $2.895 million from its February 2019 price of $3.495 has a contract. Nice, older home on a small cul de sac which, coincidentally, overlooks the GCC golf course, it sold to these owners in 2004 for $4.1 and before that, sold for $3.450 in 2000. So not a home run, but a sale nonetheless.
25 Orchard Hill Lane, off Pecksland, has sold for $3,558, 750. Original price in July 2018, $5.450.
16 Boulder Brook, bank owned, closed yesterday at $3.2 million. It sold new to the foreclosed owners for $5,832,000 in 2007. A year or so ago when it was still priced at $4.5 I suggested to a client that he make a run at it in the low 3s, but he demurred. Too bad, because I think $3.2’s a good price for this house.