This house on Silver Beech was badly in need of modernization back in 2005 when it was listed for $695,000. Naturally a bidding war erupted and the current owners ‘won” with a bid of $727,778. They proceeded to do a very nice renovation and in 2008 they put it back on the market at $845,000. Not an unreasonable price but the market was gone by then and the house sat. In response, the sellers sliced the price repeatedly by tiny, incremental amounts until they finally reached $750,000 in March and, today, it went to contract, probably for just about what they first paid for it. I don’t blame a homeowner for trying to preserve his capital and this poor guy certainly will lose money n the sale, but that was inevitable, really, when he first listed it for sale. A hefty price cut then would have spared him all the agony of keeping his house on the market for over a year, subject to inspections by strangers every day of the week.