Well, first of all, Saratogas that sold for over 1mil were mostly in 2005. It’s not 2005 any more.
And Belmonts aren’t that old, really. Some of them were built as late as 2002. They’re bigger than Saratogas, and if they’re selling for $1M for 3476 s.f., then that’ll hurt the comps for Saratoga and DH, I’m thinking.
That said, there are, as mentioned in the other CV thread, still some chumps out there. So anything can happen for any particular house.
