20 accepted offers, which includes…
1 multi-family and
5 “executed contracts” ( that never got reported as “accepted offer”)
List: Joanne Edwards
Sell: Diana Whyte
A persistant myth in real estate is the idea that if you lower your price, you can never go back up. It’s certainly a bad idea if it’s you that’s raising your asking price, that trick never, ever, ever, ever, ever works. But, when it’s the market raising your price, then by all means, stand back and let it happen, baby!
That’s what happened recently at
128 Riverside Avenue, Riverside, CT
It came on during the slow weeks of August, priced at $1,150,000. The market then, such as it was, said, “Ummmm…no”. And there the house sat, un-loved, un-wanted, by a cold, un-caring bunch of buyers.
Finally, in January, the price was reduced to $995,000, and something else happened at the same time, something called the “spring market” (typically begins around Jan. 5th).
The combined effects of having very little competition, along with a new crop of eager buyers, predictably produced a bidding war that pushed the price back up by $20,000.
Clients find it hard to believe that bidding wars can occur at the end of the selling process, but they do. I’ve never seen the market take a property back to the level of the first asking price, but it’s not uncommon to make up some ground from that last asking price.
146 Hendrie Avenue, Riverside, CT
Reader “Riverside Mom” tipped me off to this one, another tear-down I hadn’t realized even was a tear-down! Located on the corner of Hendrie Avenue and Arch Street, overlooking Binney Park, this place was the site of many, many Fourth of July parties over the years, and why not, it’s perfectly positioned to take in the fireworks show across the street.
But, it happened to have .44 acres (in the R-12 zone), so the FAR is huge, so now it’s a hole in the ground. Selling price was “only” $1.1M, which, based on recent sales, almost sounds like a bargain!
Regular readers know that, for the last two years or more, I’ve gotten a once or twice per day answering machine message with the following stern warning:
“Someone in this household may have a pending court matter…Press 1 and you will connect to a live agent for further directions in resolving a possible court matter.”
Sometimes the voice varies; a menacing low-voiced male on Monday, a more pleasant British-accented lady on Wednesday, an eager American-accented female the following week.
As an experiment, I have decided to see just how many years these crooks will go before giving up. It’s only the damned home answering machine, which we rarely pay attention to, so the experiment is harmless. And yes, our home number is on that stupid, worthless “Do Not Call List”, already. I even updated my enrollment, and it has no efffect on these miserable worms.
For anyone even vaguely alarmed by this type of message, I can assure you, it is meaningless. My “possible court matter” has amounted to nothing in two years. No police arriving at the door, no credit-report troubles,. Trust me, it’s a scam.
Bad song lyrics can pretty much be lumped into four categories:
It was an itsy, bitsy, teenie, weenie, yellow polka-dot bikini
That she wore for the first time today
An itsy, bitsy, teenie, weenie, yellow polka-dot bikini
So in the locker she wanted to stay
You’ve been coolin’, baby, I’ve been droolin’,
All the good times I’ve been misusin’,
Way, way down inside, I’m gonna give you my love,
I’m gonna give you every inch of my love,
Gonna give you my love
Oh, I’ve been to Nice and the isle of Greece
when I sipped champagne on a yacht
I moved like Harlow in Monte Carlo
and showed them what I’ve got
I’ve been undressed by kings
and I’ve seen some things that a woman ain’t s’pose to see
I’ve been to paradise but I’ve never been to me…
And finally, there’s
Bow down bitches, bow bow down bitches
Bow down bitches, bow bow down bitches
H-town vicious, h-h-town vicious
I’m so crown, bow bow down bitches
Could be, could very well be, but we must wait for the closing to see the sale price of
36 Dawn Harbor Lane, Riverside, CT,
reported today as “executed contracts” by listing broker Steve Archino. If it closes in the $6M’s, or even the high 5M’s, it will represent a record price for non-waterfront on the street.
List: Steve Archino
Sell: Debby Gardiner