Market Vagaries

124 Pecksland Road sold for its full asking price of $3.495 million in 2006. Despite the buyers having renovated it in 2015, they put it back on the market in 2016 at the same price, $3.495, doubtless because of how weak the 2016 market was, compared to that of 2006.

But the market, especially in mid-country, stayed depressed, and the house sold 780 days later for jut $2.295 million.

Today it’s been put back up for sale at $4 million, and they may get it.