Not for the first time, a traffic detour routed me past a property for sale so appealing that I postponed my planned post in favor of another listing, this time at 2264 Lipscomb, at the edge of Fairmount. Cute it is, with all of the Fairmount charm in spades, but my jaw dropped at the listing price of $499,000. Further investigation, revealed that Lipscomb is a member of a small, but growing club of Fairmount properties priced at or above $500,000. Even a real estate blogger can be caught off guard in the fast moving target of a hot real estate market.

In the 500 club is 2014 Fifth Avenue, under contract and priced at $539,000. David Folsom of the Folsom Team is offering a charming Fairmount bungalow at 1700 Fairmount Avenue for $520,000. Also bumping against the 500 bar is 1626 South Adams Street originally offered for $520,000, now priced at $489,000.  (more…)