Still more seller disconnect

6 Meadowbank - stop me before I raise again!

This spot of undersized Old Greenwich land has been owned by a dreamer for a long time. It was priced at $1.650 million in 2002, failed to sell so was rented, then brought back in 2009 at $1.699. Nope, so it dropped to $1.475 million and, still finding no buyers, jacked it up to $1.525 today. Uh huh.

The owners of 127 Havemeyer Place in central Greenwich tried the same strategy – they couldn’t sell it at $2.897 or $2.5 million so they bumped it to $3 million awhile ago. Today they’ve dropped it to $2.499 – getting closer to where I suggested they price it in the first place.

3 Comments

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3 responses to “Still more seller disconnect

  1. JD

    Yuck – I hope the age of raised ranches and split levels never returns, they are such an eyesore.

  2. AJ

    I hope these realtors advising these sellers have good E&O Insurance.

  3. Anon E. Moose

    AJ,

    E&O insurance? You presume that — and insurance would only be necessary if — REALTORS® were held to an elevated standard of professional care (e.g., doctors, lawyers, accountants, engineers). With all due respect to our host, that is not the case. Driving a leased Mercedes does not make one a professional, at least in the eyes of the law. In my humble view, integrity does, and this seems to be inversely correlated with the status value of one’s car choice.