For once, a bidding war that might have produced a winner


28 Sawmill Lane, originally listed in April at $2.875 million, dropped to $1.975 in June, and found several bidders; just closed at $2.1. I'm usually skeptical of bidding wars — the "winners" almost always turn out to be losers — but in this case, the house is in great shape, with some major renovations/upgrades done during the sellers' ownership, and the price seems right.

But as to my point about bidding wars, these sellers bought the place in 2003. The house was listed at $2.450 million, and after just 7 days they "won" it at $2.650. Given what they sunk into it over the next fifteen years, well ....