This Deerpark house is back, having expired a few weeks ago, at its same asking price of $9.750 million. That’s better than the $12. 750 it asked for during all of 2008, but I personally don’t see that the market has improved since last October, when this place took a $3 million price hit and still wouldn’t sell.
But it’s a great house – built by Hobbs, and the owner clearly is determined to either get his price or stay put, and more power to him.
But it also serves as an example of why I like dealing with banks and troubled lenders these days – they have a more realistic view of the market or at least, we share the same view.