The low end market – under $1 million is hot – no inventory to speak of and lots of buyers, which means almost anything will sell, in any condition.
23 Mianus and 18 Annjim, $979,000 and $895,000, respectively, both report contracts today and with all respect to the late owner of AnnJim, a jurist I admired, his house was, to use a technical real estate term, a real POS. Gone in nine days nonetheless, as is everything in this category. So if an adorable senior citizen in your family is still occupying her bungalow, tying up capital that rightfully should be yours, now’s the time to get her out of there.
In another price range, but the Riverside equivalent of “low end”, 26 Meadow Road finally reports a contract. It started at $2.495, far too high for this house (that’s not just my opinion, it was the market’s judgement) but once it was marked down to $1.999 it found a buyer. I really liked this house and its neighborhood, but $2 1/2 million was stretching it.