Priced at $2.999 million back in 2008. $2.329 for a building lot still strikes me as excessive. Not for these buyers, though.
Asked $1.495, under contract. Whatever.
I was out with a client just a few days ago and she expressed interest in this house, priced at $2.295. I told her she was nuts and wouldn’t show it. Under contract.
I think these are aberrations and that the market will continue to decline. But I’d hate to be one of those bears who predicted the bust of the dot.com bubble five years too soon – they lost all their clients because they cost them a fortune. Who wants to be right too early? But still, I do not understand these prices.