Land on Burying Hill: 31% drop since 2004

burying hill.jpg

And that’s just the difference between what 52 Burying Hill sold for in 2004: $2.4 million, and the $1.650 it’s asking for today. The current listing urges buyers to “renovate or build new”, so I take that as meaning that this will be a land, rather than residential sale.

The stock market can drop this much in a single day, admittedly, but so far, the market has come back; I’m not sure when our back country land will.