I don’t have any particular animus against W. Lyon Farm but it’s kind of fascinating to be on the sidelines watching as the condo units there climbed up and up in the 90’s and early 2000’s and are now, ever so slowly, falling back to earth. Here’s the latest victim, 123 West Lyon Farm, reduced today to $849,000. It sold for $1,032,500 in April 2007 and has been back up for sale since September, 2010, when it started at $1.1 million.
It sold for $895,000 in 2003 and before that, $475,000 in September, 1999. It should end up somewhere between those two prices, I should think.