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.
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.