There's no dispute anymore that Tree Section new construction prices are slipping.
It seemed that $3.500M or so was the going rate for a time. You saw 3101 Maple (5br/5ba, 3200 sqft.) pre-sell at that price in January this year, as well as 868 27th (5br/6ba, 3520 sqft.) [pictured] at $3.520M in April this year.
Two new construction listings in the Trees took that pricing as gospel and shot for the same mark.
2409 N. Poinsettia (4br/5ba, 3550 sqft.) came out at $3.499M in late January. (We'll put aside the fact that it began at $160K lighter before upping the price 51 minutes into the listing.)
To their credit, the……