And sometimes, even holding doesn't help

112 Cat Rock Road

Unlike the owners of 528 Riversville, discussed below, 112 Cat Rock's owner did wait: from 2005 until now, to return his purchase to market. He paid $1.6 then, and probably wisely, is looking for just $1.575 today. It's 2 acres with a fair amount of swamp, and there's really noting left of the house to suggest its 1855 construction date, but the location's pretty good, and there's plenty of space to put up a decent house, with yard.

I won't speculate on a brand new listing's final selling price but sooner or later the market will weigh in with its opinion, and then we'll know.