Eight-point-five million is the new five

44 Hunting Ridge Road has hit the market at $8.495 million. The owners paid $5 million for it in 2014, so I suppose $8.5ish is about right, but seeing so many new listings these days start with an “8” still startles me.

There might be lesson here for boom-buyers: Custom built in 2004, the owners put it up for sale in 2006, right at the zenith. It didn’t sell, so they pulled it and tried again in 2009 at $6.350; the market was still in its downward death style then, especially in our mid-and-north country, and only in 2014 did the present owners appear, paying, as noted, $5 million. That’s’s a long wait.