The very rich still seem to have money – maybe you should raise your price?

Although only 5 houses in the $7-$8 range sold last year and only 2 of those in the past six months, the numbers are significantly higher for houss priced above $8 million. In that range, 13 sold last year with 7 of those sales coming in the past six months. Here are those 7 (I’m too lazy to track down the histories of all 13).

Address                  Orig. Price      Sale Price    DOM

32 Twin Lakes       $14.995          $6.600         1,093

9 Woodside            $10.250          $7.730            233   (2008 sales price, $10.950)

50 Carriglia            $11.950           $8.500           452

460 North               $11.950           $7.987         1,057   (2004 sales price $8.650, $3.0 renov)

1109 Lake                $12.950           $9.250           599    (2007 sale price $10.3)

11 Skyridge              $13.900         $13.000          129

65 Upper Cross      $28.000        $16.000          1,279

No way to make money, but what the heck, they’re out of their houses

1 Comment

Filed under Uncategorized

One response to “The very rich still seem to have money – maybe you should raise your price?

  1. AJ

    Here’s someone with money to spend CF. Better lasso this buyer and pull ‘em into your stable: A Nebraska woman has sold a three-year-old McDonald’s Chicken McNugget that resembles President George Washington for $8,100 on eBay: http://minnesota.cbslocal.com/2012/03/06/presidential-mcnugget-sells-for-8k-on-ebay/