COVID and You

33 Highland Farm Road has closed at $5.850 million on an asking price of $5.350. How hot is this market? Well, this house started off in May 2020 at $7.725 and had dropped all the way to $5.350 by December; I showed it to clients back then and, had they committed, we were given strong signals that an offer beginning with a “4” would be acceptable. My clients passed, alas, but that worked out well for the owners, who received this winning bid two months later in February, 2021.

For historical perspective, the house sold for $6.9 in 2005, and those buyers tried for $7.750 in 2010, before finally accepting $6 million in 2013.