11 Fado Lane, asking $995,000. Contract after just 20 days, which I assume means that the accepted offer is close to ask, and that surprises me, a little bit. I’ve always liked Fado; it’s a little dead end off lower Cognewaugh, so very convenient, and has a real neighborhood feel, with an annual block party (or there used to be one) etc. That said, sales here over the past decade have ranged from $800 to $915,000, and the houses are pretty much identical: mid-60s construction, none updated recently, small yards. If this one is going in the high-nines, then that may something about the scare inventory in the under-a-million range.
The same can’t be said about the over-five inventory.
UPDATE: For perspective, 14 Dandy Drive, $825,000, is also under contract. Given the condition of this house, I think its sale will establish current local land value.