Cottontail sale price reported

17 Cottontail Road has sold for $2.435 million 1,514 days after starting at $3.495. That first price was clearly too high to attract buyers, though the house had been purchased in 2002 for $3.053, so it was a not unreasonable sum to ask, but It’s a nice house, and I think the buyers did well here.

And I hate to see homeowners lose so much equity at this price level; somehow, it seems more meaningful than, say, a $7 million hit, but that’s not necessarily true.