Price discovery in process (that's for you, Publius) up in nosebleed country

159 Bedford Road has cut its price to $3.295 million after trying to get $3.495 for the past 56 days. Nice looking house, and certainly a more substantial property than you’ll find in SoPo Riverside, but Bedford Road can be a slow sell, especially up this far. On the other hand, these owners paid full price, $2.895 million in 2004 during our last land rush; they snapped it up just two days after it hit the market, and may now regret their precipitous action.