It fared better this time

20 Dingletown Road, asking $4.8 million, is under contract after just 5 days. Allowing for the time expended drawing up contracts, that’s pretty much overnight.

The soon-to-be former owners are the beneficiary of the original builders’ “bad luck”: they paid $3.6 million in 2010 after those builders — real estate agents in their other lives — had paid $1.420 for the land in 2004 and attempted to get $5.395 million ($8,459,000 in current dollars) for their completed project, beginning in July 2006 and ending when theyt finally tired of the game and sold it for that $3.6 in 2010.

Different times, different market.