Yes, if your house isn't selling in THIS market, it's time to drop the price

As these three did today:

old mill.jpg

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 Rogues Hill

514 Rogues Hill

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.

Highland Farm

Highland Farm

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.