Going down

33 Highland Farm Road (off Round Hill), which started off in May at $6.725 million, has dropped to $5.750. Aside from its unfortunate Garden Brick Face facade, it’s a nice house, but its value has been declining for years. These owners paid $6.1 for it in 2013 after it started at $7.750 in 2010, and the previous owners paid $6.905 in 2005.

I advised a client interested in it a few months ago to wait, and I’d repeat that caution today, though some NY refugee may jump in ahead of him; sometimes you can win by losing.