Back to the bad old days

8 Cathlow Drive

I kicked and screamed here for years about the Greenwich Association of Realtors allowing a reset of days on market if a broker cancelled a listing and resisted it the same day. The time on market is important information for a buyer, and the GAR finally acknowledged this by changing its rules and requiring a six month hiatus between listings before the clock would be reset. Which was still bullshit, so far as I'm concerned, but a buyer's agent will provide the actual time on market: those of you who eschew independent representation are on your own.

In any event, 8 Cathlow Drive, Riverside, has dropped its price to $5.195 million from its $5.995 price set on March 19, 2017 when, according to the GAR, it was put on the market. Again according to the GAR, it's been on the market only 116 days. In fact, The house was originally listed May 16, 2016 at $6.775 million, a price the owners refused to budge from until March 19, 2017, when the listing was "cancelled" and immediately relisted by the same brokerage: Coldwell Banker, same agent, at that $5.995 number. By my math, this property's been on the market 409 days, not 116. 

I'm not interested in bashing the owners here—it's a fine house, at the right price, and Cathlow is a great street: I do find the GAR's return to its deceptive practice of calculating days on market disheartening.

(if you're curious, or want to refresh your memory of this house, it was discussed here back in April)

So far, THE ZEBRA has been ineffective, but perhaps, in combination with this latest price cut, the owners will see some action.

Not sure whether parking a borrowed subaru sportster in the driveway will help, but perhaps it has zebra UPHolstery?