This week I'm featuring homes that have had substantial price reductions in the last week or two. This indicates that the seller is serious and might consider an offer. With interest rates at historic lows, as well as really attractive asking prices, this is a powerful opportunity for buyers. Here's a selection:

#21103199

57 Shady Lane

$345,000

This is not "The Naughty Lady of Shady Lane" in the song popularized by Dean Martin in 1950s. Shady Lane in Falmouth is a private road that ends at crystal-clear Crooked Pond, and is across from one of my favorite places, Coonamessett Farm. First on the market at $389,000 in April, the price was reduced only a bit to $375,000 on Sept. 11. But on Sept. 24, it was reduced $30,000 to $345,000, so the timing and the substantial drop in price indicates that the sellers are ready to deal. For anyone who wants great water access, this probably is the best in town in this price range.  

#22107962

17 Rockledge Drive

$399,000

This is possibly the best potential "steal" currently on the market. Here's the price history:

• Purchased in June of 2004 for $555,000
• Came on the market on Sept. 2, 2011 for $499,000
• Reduced to $450,000 on Sept. 5
• Reduced to $445,000 on Sept. 14  
• Reduced to $399,000 on Sept. 19

For whatever reason, this seller (who is also the Broker) seems to be really motivated to sell. The home is sited down a long driveway and on over two acres of land. It's a country house, with lots of wood inside and woodsy views outside, and near Old Silver Beach. Call me, and let's go see the "Deal of the Month"!

#21106714

58 Pin Oak Way

$650,000

Here is a gracious and classic Colonial in the center of downtown, and just off the bike path. With lots of original detail and a lovely setting, this home came on the market in July for $675,000, and was reduced on Sept. 19 to $650,000. Although assessments are not always indicative of selling price, with an assessment of $547,100, this is another potential good buy. 

#21104859

23 Uncatena North

$699,900 

Here's a lovely, smaller home in "The Cliffs", a super neighborhood near Old Silver Beach, but with its own private beach association. This house has 3 bedrooms, 2.5 baths, and 2,242 interior sq.ft., with a waterview that, in my humble opinion, is so-so, not ga-ga. Reduced from an initial asking price of $849,900 in May, to $799,900 in June, it just dropped an astounding $100,000 to $699,900! I know there's lots of activity there now because it offers value, and buyers recognize that.

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