7 Crawford Terrace, NoPo Riverside, $1.129 million, reports a contingent contract. The lower end of the market has been active for a couple of years now, but it's heating up even more. This property was on the market for 259 days back in 2015-2016, starting at $1.2 and ending in July at $999,000, without success. It was placed back on the market in November at this price, $1.129, and has found a buyer pretty quickly. Similarly, and though it hasn't been reported yet, 19 Tremont, in Cos Cob, came up for sale last week at $649,000 and when we tried to get an appointment for clients to see it two days later we were informed that it already an accepted offer.
Not all is skittles and beer, however. 139 North Street, which started at $2.695 million in 2015 and still has no buyer was reduced today to $1.890. I wasn't wild about it at that first price, but it's looking better each day now, with each price cut.
50 Husted, which the present owners paid $3.250 for in 2008 and then spent a lot of money to renovate it has dropped from $3.695 million to $3.350 and presumably will be back to their own purchase price when they eventually sell it, having contributed all those improvements for free. And that's a best case scenario, which is a little surprising, because it's a good house. My own clients loved the location but thought the house itself lacked enough pizazz to spur them into buying, and I understand; bland and neutral isn't the look a seller is necessarily going for. But really, it's a solid house, in excellent condition, and on a prime street. A good decorator could probably spiff it up nicely and, eventually, I'm sure one will be given that chance.