I’d say realism, in this case. 11 Mountain Wood Drive is back on the market, now listed for $3.750 million. It’s a 1978 house on two acres that was originally listed for what I thought the laughable price of $6.250 million in May of 2007, eventually changed brokers and was relisted for $4.950 in ’08, and now here it is again, still another million lighter. Original listing showed 4,072 square feet, now it claims 5,922, all without benefit of a renovation or addition. Gotta love those rubber rulers!
70% rule has it at $2.493 million, just if you’re counting.