A second price cut on Pecksland

87 Pecksland was marked down today to $2.595 million, which seems like a pretty good price. Built in 1995 by Jordan Saper and sold by him to these owners that year for $1.627,500, it’s a very nice house. I suppose it’s smallish by today’s standards: 3,761 sq. ft., but how much space, really, does the average family need?

The listing makes clear that “there is no pool site”, and that may hurt its chances with buyers who’ve never owned and maintained a pool; I suggest that you get over it, and count your blessings.

I’ve said that the current price seems reasonable, but note that the owners put it up for sale on June 20 at $3.191, dropped it $296,000 to $2.895 30 days later on July 20, and now, just 26 later, they’ve dropped it again another $300,000 to $2.595: that’s 20% down from where they started.

The owners clearly want to sell, and this aggressive pricing shows that. I might be tempted to offer them the opportunity to avoid waiting another 30 days, and offer them $2.295 now, just to see what happens.