They haven't actually lost money on it yet, because they haven't sold it yet
/Owners of 613 Round Hill Road, way up north, cut their price to $3.3 million today. They paid $3,999,999 for it in 2007, so trying for $3.8 this past January was probably ill-advised. Remote locations have fallen out of favor in the past twelve years, and 1992 construction, especially kitchens and baths, looks dated, even obsolete these days.
How hot was the 2007 market? This hot: you could toss pictures like these onto the internet and still get full price.