11 Pleasant Place, in Havemeyer came on last week priced at $2.375 and already has an accepted offer. I thought it was a great renovation/transformation, with really top-quality construction. I liked it so much in fact that I didn’t mention it here, wanting to show it to my clients first. Turns out that its layout didn’t work for them, but someone else certainly liked it.
For all my enthusiasm, however, I thought, along with several other good, experienced agents I discussed it with at last week’s open house, that it would sell in the $1.9 range, not $2.3 or $2.4. I believe we all missed the shift in prices that’s occurring, which is great news for sellers, bad news for buyers. And I should have caught that shift because I’ve been upgrading my own opinion on value for a number of houses that didn’t sell last fall – those same prices are looking reasonable now, because of the lack of inventory and what houses in the $3-and-under range are selling for.