NoPo goes south

 

17 Thornhill

There was a time, not so long ago, when Thornhill Road lots were a hot ticket – one little 1950’s cape, for instance, sold at its full asking price of $660,000 in two days, another, listed at $795, sold for $815,000. But that was then, this is now and 17 Thornhill obviously missed the market. It was listed a year-and-a-half ago for $845,000 and marked down successively until it reached $599,000 and today it’s gone to contract, probably somewhere close to its assessed price of $525,000. If it does sell there, then Thornhill, at least, is back to 1999 price levels.

 

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One response to “NoPo goes south

  1. Accolay

    Seems like sub-par locations are selling at 1999-2000 levels while the more prestigious areas are selling at 2003-04 levels. I suspect these better addresses will stabilize as long as sellers don’t price them as if it were still 2006.