November Contracts

Twelve single family houses went to contract last month, compared to 39 in November 2007 (-70%). Worse, or better, if you’re a buyer, of the two large spec houses included in that tally one, 480 North Street, sold for $4.5 million instead of its first asking price of $9.5 and the other, 205 Clapboard Ridge, may have sold for about the same low percentage – what we do know is that it came on four years ago for $12.250  million and was last heard from at $7.950 million.

Just thought you’d want to know.

1 Comment

Filed under Buying/Selling Greenwich Real Estate, Contracts, current market conditions, spec houses

One response to “November Contracts

  1. CEA

    Was November 2007 a weak month, since the market had already started to soften? Out of curiosity, how many contracts were there in November 2006?