Not much on today’s open house tour, although there are a couple of new listings I want to check out. One I don’t need to see again because it hasn’t changed since I first viewed it is 78 Doubling Road. I mention it only because it’s also on the tour today and I’m reminded that it still hasn’t sold despite being priced $2.1 million less than it sold for new in 2007. At that time, the owners paid its builder $8.6 million – today it can be yours for just $6.5. Houses like this don’t have much appeal to me but that’s solely a matter of personal taste – the house is solidly constructed, located on a great street and has a nice yard. In the past, it would have found plenty of buyers who wanted it and were willing to pay a lot of money to get it.
Obviously that’s not the case now, which speaks to the current state of the market and not this particular home.