(March contract). 5 Dairy Road closed at $5.2 million, down substantially from its year-ago price of $6.350, but above what the sellers paid in 2010, $4.7. Of course, these owners added 2,000 sq.ft. to the house and pretty much re-did everything else.
Different markets. In 2010, the house was priced at $4.695 million, and sold in 19 days via biding war for $4.7. This time around, it took 488 days and $1,150,000 in price cuts before a buyer showed up.