Apple to Apple

7 Wyngate Road sold in June 2019 for $1.880 million. The buyer’s employment changed, and a relocation company put the house back on the market, untouched, in June 2021 for $1.995. It has just closed for $2,117,087.

There was a time when I loved scouting relo listings, because the owner didn’t care what the house sold for — he’d been guaranteed a price by his employer — and relocation companies aren’t in the business of owning houses, they’re paid to facilitate the movement of a company’s valued employee. So low bids were usually met with at least a lukewarm welcome, and often accepted. That avenue to bargains has at least temporarily been blocked. Good for sellers and relocation firms, bad for buyers.

By the way, and for perspective, this same house sold for $2.340 in June, 2004.