And it's back

16 Dingletown Road is new to the market today at $6.3 million. Meh — maybe. When it was freshly constructed in 2008 it was priced at $8.995, a price I was skeptical of at the time and it’s a good thing I was, because it sold 1,008 days later in 2012 for $5.6.

Those buyers, apparently thinking they’d scored a bargain, tried reselling it in 2013 for $6.150 before settling for $4.950 that December. That must have hurt, at least a little.

So we’re back to the $6 range. Will it stick this time? It’s certainly not going to win any architectural prizes, and, I don’t know; to my eye, everything between $4.5 and $7.5 these days seems to offer about the same thing, so it depends on what location a buyer is looking for, and his willingness to pay for the indulgence of living exactly where he wants to.