Is this house super overpriced?

[Ready2Downsize]

Didn't .know where to post this, but thread seemed to be appropriate:

Price action on this home hit peak of $6.27M closing in Feb. 2023. It's a beautiful home with no significant defects, but grossly inflated in each of the prior 2 sales.

Listed 1 yr later in early 2024 at $6.24M

Sold November 2025 at a market price of $4.3M

YOW!

https://redf.in/TMxpTp

Beautiful view! Lots of walking up and down stairs in that one. Zillow still has the listing photos.

 

[qwerty]

Toll brothers is offering reimbursement of travel expenses if you see a house and buy. If that isn’t a bad sign for housing not sure what is

From toll bros email:

“Set your destination to a participating Toll Brothers community and we will reimburse your travel expenses* when you find your dream home during your visit. Meet the Sales team, tour the amenities and the luxury lifestyle, and imagine the possibilities as you explore your future community and city.”

 

[sgip]

Beautiful view! Lots of walking up and down stairs in that one. Zillow still has the listing photos.

Stairs are a thing, but separate mother in law unit, 2 car garage + parking, views, and pool/spa in a well kept vintage home outweigh the stairs IMHO. This shouldn't have sold at $4+, then $5+, then $6+ respectively, causing "price froth"