Tale of the Tape

21 Mohawk Lane has sold for $2.108 million, and while that may not be particularly exciting or even interesting news, the price history here gives a pretty good look at what’s been happening in the market.

The property wouldn’t sell at $1.795 from July 2018 to May 2019, so it was withdrawn from the market and put back on at $1.550 in February 2020. A contract was entered into that May, but it fell through. Fast forward to June 2021 when the listing, then asking $1.6 million, was canceled — presumably because offers above that price were coming in — and a new listing at $2.250 took its place.

So, $2.108 isn’t $2.250, but it’s also very much not February 2020’s ask of $1.550.