What The Market Wants

41 Dawn Harbor, $4,450,000, built in 1993, renovated 2014. Listing still says "active", but the rumor mill says otherwise. Listing broker Ann Simpson.

41 Dawn Harbor, $4,450,000, built in 1993, renovated 2014. Listing still says “active”, but the rumor mill says otherwise. Listing broker Ann Simpson.

There’s a tendency, don’t yew know, among us real estate experts (and that includes you “armchair” real estate experts), to exclaim, when something sells quickly, “Oh yes, well of course!”, as though the ease of the sale was a foregone conclusion.

The ugly truth is, sometimes we just don’t know why one property sells and another one doesn’t.

Having said all that, here’s one that really does seem easy to figure out:

41 Dawn Harbor Lane, Riverside, CT

The rumor is, this place had a mad, crazed bidding war over the weekend, with lots of contenders and, naturally, only one winner. That leaves a bunch of frustrated buyers, in the mid-$4 million range, casting about for an alternative!

Listing broker: Ann Simpson

14 thoughts on “What The Market Wants

  1. I’ll have you know that I’m also a “Monday morning” Real Estate expert too.

    And of course this home would be subject to a bidding war. Of course!

  2. Beautiful house – classic colonials always seem to sell quickly. I’m not surprised this one sold quickly as its in a very desirable neighborhood and school district. Although this one looks like it needs a new kitchen and bathrooms so I hope it went for a discount.

  3. I think this shows that buyers are sick of the tacky shingle style homes that are popping up left and right. This is a classic design on the exterior that will age well

  4. A hodgepodge of just okay updates and extremely dated finishes (white ceramic tile!), plus a very 90’s floorplan. The exterior and location are fine, though. But so much better on the market in this price range. It must be the size of house and land.

      • I think you are right. If you don’t need to live in a brand new house probably a good deal given the land value.

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