Our real estate sales are beginning to resemble Minnesota’s

But at least our sales in this price range require less upkeep. 1 Fitch Lane is the only sale reported today as of 4:10 – there’s still time – for $635,000, from an original 2010 asking price of $849,000. $635,000 is probably about right (of course it is, because that’s what someone was willing to pay for it), but I do wonder at the optimism of that 2010 price. I sold a house just like this one, right next door, for $660,000 in 2006 and prices had hardly improved since then.

66 Cat Rock

UPDATE: A second sale snuck in before the bell: 66 Cat Rock, (sale today,January contract) sold for $1.150 million. I loved this house when I saw it in 2006 because parts of it dated back to 1760 and felt it. What I didn’t love, and obviously no one else did, was its price tag at the time of $2.195. It was on and off the market after 2007 but on uninterrupted since 2010 (with time out for some unspecified “renovations” in 2009) and all in, spent 785 days actively on the market. I keep pointing out that’s an awful disruption to your life to keep your house up for sale for so long but obviously some homeowners enjoy it.


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6 responses to “Our real estate sales are beginning to resemble Minnesota’s

  1. Such an artistic photo the broker used to show water views – through the rain spotted window and across the myriad of electric lines. i’m happy that a new family found this cute home to their liking, despite the photos in the listing! I’ll never understand bad pictures and how an agent thinks, no problem. Oh well.

  2. swadsi2@aol.com

    I sold my house in a matter of weeks this year by being realistic about the price, selecting an experienced, honest broker who knows the market and doing repairs but not upgrades of questionable payback value. Broker selected an excellent professional photographer. I never had sold a house before but this went as smooth as silk.
    Similar property with optimistic asking price spent over a year on the market. Sold eventually for quite a bit less than mine did.
    New owners are thrilled. Realtor’s happy. I can go back to leaving my shoes in the living room in my new abode. Win win all around.
    What worked for us probably isn’t an appealing strategy to homeowners who are overextended or underwater but I’m of the view take your losses if you have to and move on. I also think banks can modify payment schedules without forgiving debt. Plenty of folks would like to stay in their homes and want to fulfill their mortgage obligations. They might be able to do so with a lower interest rate and a longer term. Time for banks to step up to the plate. But, that doesn’t seem to be in the cards….

  3. fitch st trailer park

    man you got to be desperate to lay out half a mil for this street

  4. Sound Beacher

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  5. Row Your Boat

    Buying a house from 1760 is just too historic for me. How does someone get up those stairs? How high are the ceilings..you have to be a midget to live in this “charmer.”

  6. swadsi2@aol.com

    My old house is 200 years old. It has ceiling heights of 8 to 10 feet throughout, There are old houses and then there are old houses. A house built in 1760 may well have been built for someone with bucks- or pounds. It may be a fine example of Georgian architecture. Or, it may have been built for someone of a far less lofty stature. In that case, forget using the second floor. Character and charm only go so far.
    Also, keep in mind that the circa 1760 date may refer to the one room cottage originally placed on the land and there’s zilch left of it.