History repeats itself

111 Dingletown Road dropped its price today to $2.8 million from $3.250. Back in 2013 my pal Joe Barbieri had it listed at $3.250, a price I suggested to him was pretty steep for a dated builder colonial on a back lot, but Joe still managed to sell it for $2.8 that year, demonstrating why Joe’s gotten rich at this gig while I have not. (Mind you, a final $450,000 off that price didn’t quite prove me a fool.)

The new owners spruced it up so that it is no longer dated, but it remains what it was, and lipstick only goes so far.

My guess? Watch for further discounts.