I hate to upset the crybabies* out there who, for a variety of reasons, actually root for real estate’s collapse, but I have a professional responsibility to call ’em as I sees ’em…
5 Old Round Hill Lane has just sold for $10,375,000. That is a GREAT price for the backcountry these days. The sellers paid $11,200,000 for it back in July, 2007, so $825,000 has gone by the wayside for them, but heck, they bought at possibly the exact moment of the top of the market. Getting most of that back ain’t bad (next time, buy in Riverside).
* you know who you are.
List: Tamar Lurie
Sell: Lee Fleischman