Friday, September 05, 2008

11 Winding Lane
Agents: Don't let this happen to you!
This house came on for sale last September at $9.975 and sat at that same price until July 2008 when the seller lopped $1.0 million off the top. Too late, I fear. There was an additional price drop of almost $300,000 two weeks ago, no doubt because the broker's listing was due to expire but expire it did and now it's with a new broker, but at the same last listing price of $8.695. The original listing agent is one of the most successful in town and her replacement is also excellent but I suspect neither was or will be enough to overcome what was obviously the wrong price.

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