New – Not Really – Market Fatigue

7 HIGHGATE RD – RIVERSIDE – $2,450,000
I am not sure why one would think that they could get top dollar at the bottom of the market…but this seller must have been on the 2005 wave, and thought that it still was going strong in ’08…placing it back on the market at $3,650,000 and finally giving up in 2009 at $3,495,000….and can you believe that not one single buyer thought to pony up $25 K for rent? shocking!
Anyway, 7 Highgate is back for more at a more realistic (although in my opinion still too high) price of $2,450,000. Not even 4000 SF – 5 bedrooms and non-conforming .68 acres in RA1.
1333 KING ST – $2,450,000

And then we have 1333 King St, which was first introduced to the market in 2012 for $4,595,000 – clearly they must have thought that if was “Chieftanesque”, although didn’t realize that The Chieftans is no longer commanding the grand prices as when North of the Parkway had “estate” cache – and it is not in an association, but a bit closer to the airport :-)…does that trade for train tracks which is not objectionable to most buyers today?

6500+ SF , 5 bedrooms, 6+ baths, pool, built in 2003 –  it’s priced under assessed value

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