Any Guesses?

These properties have been on the market forever in Brookline, and the prices keep coming down, but they haven’t sold. Now I know these are not great times in the housing market. Still, Brookline is weathering the housing slump pretty well. Prices are still high and inventory has dropped, so the laws of supply and demand still reign. Take a look at these stats on single-family houses in Brookline: In 2007, the median sale price of a family home in Brookline was $1,100,000 — up $100,000 from 2006. The days on the market increased to 139 days in 2007 from 129 days in 2006. Not bad. In short, Brookline is still a hot neighborhood because the school system is good, the town is an easy commute for medical personnel in the Longwood Medical Area, and Brookline is right next door to Boston. So what gives with these particular properties? Has anyone been in these units? I’m stumped.

213 Reservoir Road, 2 bed on market since April 8, 2007- price has dropped from $369K to $349K.

63 Pleasant Street, Apt. 3, 3 bed on market since June 12, 2007, price has dropped from $518K to $470K

42 Clark Road, 4 bed on market since May 9, 2007, price has dropped from $589K to $499K. (This one is rented out until August, which may explain things.)

86 Griggs Road, Apt. 24, 2 bed on market since October 17, 2007 , price dropped from $437K to $398K.