11 Pinecroft Road, $2.495, reports a contract just a few days after being returned to the market after expiring unsold (at $2.995) in June, 2010. Decent house, very convenient location off of Parsonage. The owners first listed it in 2007 at $4.350 and took a number of price reductions in the succeeding years. It’s certainly true that the lower price made a difference now, but I see this also as an indication of an improved market this spring.
I also received word from an agent who’d shown my own clients a house that she received two offers over the weekend, and wanted to know if my clients were interested. They were not (nor was I) but I’m impressed that two offers should come in so quickly on a property listed just last week.