Slow Thursday in real estate

We did see two contracts for single families today, 15 Maher Ave (asking $2.75 million) and 10 Druid Lane, in Riverside ($1.9ish). So something is selling, however slowly. Most of the new listings that appeared today were really just old Country Living inventory being moved to Greenwich Fine Properties. The only interest there is to see that Greenwich Fine Properties picked up some excellent people, like Kathy Adams and Candy Durniack (sp? – sorry,Candy). Ive always thought tht GFP had some great agents, desite my petty personal squabbles with its principal, and now it’s even stronger. Good for them.

Then there’s 10 Spezzano Drive, a failed spec house in Riverside now owned by the lender. I estimated its worth at $1.675, maximum, back in the glory days of 2007, when it was priced well over $2 million. Viewing it again the other day, in this market, and taking in its dead lawn, the dreary, abandoned look of the place, the cheap building decisions (an electric water heater, despite gas being led to the house, apparently because the builder didn’t want to spend $100 to have a plumber hook up a gas heater, is just one example) and I figured it’s selling price at $1.1, if the lender gets lucky. Today it dropped the price from $1.89 to $1.81 million, which I suspect means that the weeds in that backyard will be knee-high by the fourth of July.

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One response to “Slow Thursday in real estate

  1. Cos Cobber

    10 Spezzano will clear at 1.2 or so. Thats my guess.