Tuesday, September 09, 2008

Signs of life?
Not really - we're still woefully short on properties going to contract. yet there are some good buys out there. I've mentioned 26 Summit Road, at $2.195, and, now that it's come down $1.1 million (to $3.3), 74 Zaccheus Mead Lane is very attractive. One property that did go to contract today was 18 Orchard Hill Lane, for what I assume (because it went so quickly) was close to or at its asking price of $1.895. This was no doubt a land sale, with 2.75 acres in a 2 acre zone with a good location off Mayfair Lane, but it's nice to see any builder still active. Most are huddling on the sidelines, waiting to see what happens. Tomorrow, I'll try to post on more bargains. They really do exist and two years from now, you'll thank me for pointing them out.

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1 comment:

Anonymous said...

Can you direct to any good land sales for the (relatively) poor? Needs to be a fixer upper for initial purposes.
Thank you.