On an otherwise uneventful day, 17 Edgewater Drive is reported as under contract after just 28 days, asking $1.795. It’s a nicely renovated (2000) house, and its short time on the market suggests that it went for close to its asking price, which makes it an exception to what’s been happening recently, because the sellers paid just $1.4 million for this in 2002. Someone’s making money! What’s interesting is that this sold for $1.649 in 2002 and then, under what I assume was some kind of pressure, sold again five months later for that $1.4. So these sellers got a bargain that year. Good for them.
More typical is the listing for 14 Hope Farm Road, purchased for $4,212,500 in 2004, relisted for $5.395 million in 2008, withdrawn that October and back again today at $3.995.