And it hasn't. The 5-bedroom (all above grade), 5 ½ bath home with a finished lower level is under contract almost immediately after going on the market at a list price of $989,900.
My second thought was that this was an address where we'd recently featured a 3-bedroom, 2 ½ bath home renting for $3,300 a month. The owner apparently opted for a teardown.
Kenilworth Gardens has long been a popular destination for young families, but there's been little new construction in the area, few homes available with 5 bedrooms, and almost none with this home's array of features at an under $1M price.
The market overall remains a buyer's market, but for the right offering it's a seller's market.