This is a nice house, in need of renovation, perhaps, that was bought for $3.583 million in 2001, relisted for $4.350 in ’04 and slowly whittled down to $3.2 before being yanked today and put back on at $3.3 million. Okay by me, what the hell – nothing else seems to be working.
This optimist on Doubling Road paid $5.155 in April 2008 and has got it back on for $5.2. Nice house, if you like that front-loader-garage sort of look – I don’t, but that’s just my taste. I’m thinking that the market has declined since last year but again, no one says you can’t try. Perhaps the owner drove a shrewd bargain back last year.
Finally, another property that had dropped below half its original asking price suddenly jumped $4 million today. Why? Perhaps the owner has come into cash and can now afford to wait for a good price. Or, possibly, he’s setting up a short sale and is receiving too much traffic to convince a bank that he’s cooked. If the latter is the case, and if it works, look for massive price increases to appear all over town. Wouldn’t that be amusing?