One step forward, two steps back

1 Stepping Stone Lane was listed on April 1 for $2.650 million and two days later reported a contract. That deal must have fallen through, though, because it was put back on the market April 17 at a new, higher price of $2.8. I speculated then that there must have been several offers above ask, and so the owners, naturally, tried to recapture that magic.

It didn’t work: the price was dropped to $2.725 on May 3, and today it’s been cut to $2.695 million, pretty much where it started off. We all hate when that happens, but it’s not at all uncommon when it does.