While there has certainly been a rash of quick sales lately, there are just as many (more, actually) listings that have languished on the market for an extended period before finding a buyer. Take, for instance, this renovated farmhouse in the village of Southampton. It first hit the market back in June of 2009 with an ask of $2.6M. Now, some two and a half years, a new agency and four pricechops later, it's finally gone into contract.
Set on .5 south-of-the-highway (barely) acres, the 2000 sq. ft. home certainly makes a nice impression. It's got a "large living and dining room with a fireplace and an open kitchen with Viking appliances. A beautifully landscaped yard [with] a large gunite pool and bluestone terrace, all surrounded by tall privet for complete privacy." The most likely explanation for the extended stay on the market is a combination of the less than ideal location (not all SOH addresses are created equal) and its overly optimistic ask. However, it seems that the most recent chop (dropping the pricetag to $1.895M) was enticement enough for someone to pull the trigger. No word on the final sale price, but we welcome your guesses in the comments.
· Listing: Renovated Village Farmhouse [Saunders]