Ross is amazingly amazing … people are talking about the summer slumber but NO, Ross goes the other direction and here’s THE sale to prove it …. 12 Canyon, a stunning eight bedroom, eight bath five acre property with ALL the bells and whistles just a stone’s throw from the former Penn estate in the downtown heart of Ross.

Originally sold for nearly $4M in 2003 as a ready-to-build piece of dirt with plans, Canyon was on the market most of last year for $10,750,000. Tracy McLaughlin, Pacific Union-Morgan Lane, brought it back on the market for a touch under $10M ($9,995,000) and went into escrow in 14 days. This fits the, ‘if you’ve got it, spend it and enjoy it’ mode of living. If you’re a more normal person with only half that much disposable to spend and you want to shop, let’s go … www.tomverkozen.com Yes, there are values available as the market slumbers into full summer.

More about Ross … there were nine closed sales in the past six months …. an average closing of one point five sales per month … and these homes were on the market for an average of 48 days …. compared to the 26 homes on the market today (lots of great choices!) which have averaged 132 days on the market (tomorrow the average will be 133 …). Four of the 26 are in escrow, none of them with moving vans en route, yet. The homes that have sold have averaged $634 per square foot, the listings are at $889 per square foot … and 12 Canyon? A Gigantic $1249 per square foot …. quality sells (as does uniqueness, location and acreage).

Posted by:  Tom Verkozen