Not a heck of a lot, just to bring you unexpected news. We’ve seen 29 single family houses go to contract this year: 11 in January, 15 in February and 3 so far this month. Prices? Not so hot, either. There’s the $7.95 Jordan Saper spec house on Perkins, under contract but selling price not yet known, a $6 million sale on 48 Parsonage, today’s $5 million on Bobolink and after that, it’s a pretty quick trip to the low 2s and under 1s, with a brief dalliance in the 3s. None of which is good news for the high end spec house sellers.
Who’s left to buy these houses? It’s cruel to suggest it, but criminals always have money in good times or bad, and usually have the execrable taste to appreciate the excess these houses exude. Consider Long Island. Will the Round Hill Club, fresh from the embarrassment of having members like Walter and Monica Noel exposed in the press, have to make room for new members with less taste but more money? I hope so – it would so much safer, way out there on the 16th hole, if armed, members’ bodyguards were wandering the greens. Especially if those horrible gangs from Wilbur Peck make their way up north!