Yes, if your house isn't selling in THIS market, it's time to drop the price
/As these three did today:
15 Old Mill Road, which started in April 2018 at $4.795 million, is now asking $3.750. I understand the owners’ reluctance to take a huge cut, because they paid $4.1 for the place in 1999, but this is a tough sell. The listing claims a 1715 heritage, but there’s little to nothing of the original house; certainly, Joshua Reynolds didn’t build a 9-bath, 9,000 square foot house back then, and the subsequent owners have done nothing to add to the original’s charm.
514 Round Hill Road has also dropped, but not much: from $4.395 to $3.825. 1958 construction, 5,000 square feet, I assume the owners have priced it as though a Round Hill Road address justifies a premium. So far, it hasn’t.
24 Highland Farm can now be yours for $8.5 million instead of its September price of $11.495. The house has a history of disappointing owners: these two paid $3.350 for it in 2016 after the seller backed off of her 2015 price of $7.795.