Law of diminishing returns

Or no return at all. One Ivanhoe Lane started at $3.395 million, dropped to $2.595, and finally reports a contract. The great bubble of 2001-2008 is over, as is the day of making substantial improvements to a 1968 house and recouping your cost. Renovate a home for your family’s personal enjoyment, certainly, but you should understand that you probably won’t see that money again.

$2.7 million 2001

$3.150 2006

$2.574 2009

$2.595 (ask) 2019