6 Loading Rock Rd, on the market since January, 2008 with an original asking price of $3.695 million, sold yesterday for 63% of that, or $2.350 million. Over a year ago a client asked me about this property and I advised her to wait until the builder was ready to hear an offer of $2.3. The buyer didn’t wait for that happy moment and bought something else.
As Walt will happily attest, I am not the sharpest pencil in the box but if I can figure out that this house was wildly over-priced, what was with its builder? The reason some of us keep track of sales statistics is to be able to come up with some reasonable opinion of current market value and those statistics are available to builders, too. I have no idea of what this builder paid in interest over the past 18 months but he could have saved a bundle by pricing it right to begin with. And, considering what’s happened to the market since he first publicly announced his dream, he could probably have achieved a higher price way back then.
