And up on the Banksville border ...

52 The Avenue closed today at $1.1 million — the seller had asked $995. That’s not much appreciation since its 2004 purchase at $981,300, and a bit of a loss if one uses constant dollars — that 2004 price today would be $1.580 — but that kind of calculation gets complicated when you have to add in shelter value, tax deductions, etc., so ….

It’s interesting to note that that 2004 sale was also the result of a bidding war — the asking price had been $949,000. We were in the middle of the last bull housing market back then, and it’s only recently that these far-north properties have returned to their once-lofty prices.