Here's encouraging news, sort of, for Lyon Farm condo owners

624 W. Lyon, asking $1.950, has a pending sale in just 36 days; it’s been a long time since we saw sales this high. Mind you, the owner paid $1.5 for the unit in 2007 and “renovated to the studs” in 2008, so I’d imagine no real profits will be derived from this sale, but $1.950 should give other owners the confidence to renovate their own property, especially, as here, they intend to stick around to enjoy it; this area will not support flip-sales, yet.

Lyon Farm has never appealed to me personally, but tastes do differ, and for some people, the development suits their needs perfectly. If prices here have truly stopped their free-fall, all the better.