The Mighty keep dropping

14 Baldwin Farms South, 13,500 sq.ft. of new construction, was put up for sale in May, 2007, asking $9,795.000 (that's $725 per sf, if you like that measurement). Not a bad house, but there were no takers, so its price has been gradually dropping. Today the seller whacked it again, down to $7,445,000 ($551 sq.ft). Don't know whether that will do the trick for this house, but, while we're not yet approaching the "affordable housing" threshold, we're getting there.

Update
Zillow.com, by the way, estimates this house's value at $7,652,000 (I love their precision) which, until today's price drop, was more accurate than the owner's opinion. On the other hand, and while I was on their site, I looked up a house with which I am quite familiar. They have it pegged at $1,495,000 which, if it weren't on a tidal creek, would probably be about right. But it is on the creek and that waterfront aspect adds, I hope, an additional $500K or so to its value. I don't fault Zillow - how the hell would they know? - but it does demonstrate that local knowledge is always a nice thing to have.

It's not about real estate, but (I think) it's funny
From an Englishman who wasn't impressed by Obama's European tour.

Update
Okay, it's been a slow morning for real estate, so here's a bit more Obama bashing (fans of the Messiah should avert their eyes). First, despite what he claimed in Berlin, there's no drought in Kansas, Dorothy. But never mind a lack of dust bowls,there's plenty else to fib about,as detailed here. I've grown used to Al Gore being given a free pass to spew nonsense, but he's not running for President. Couldn't the press ask a bit more from this ward-heeler from Chicago?

Is Zillow watching?
Within an hour of posting a comment about Zillow.com a nice-sounding fellow named David Gibbons replied on behalf, he says, of Zillow itself. What gives? Does Zillow have some sort of internet crawler that searches for references to itself and flashes the news back to headquarters? Is Mr. Gibbons actually a local resident who just happens to know more about Zillow than me? The latter is easily accomplished. I see that the gentleman has posted a second comment, requesting feedback on how sellers react when Zillow's price estimate is lower than their own. In my experience, it's the other way around - the few times a potential client has tossed a Zillow quote in my face, I usually have to argue for a price even lower. But Mr. Gibbons, I'll be happy to aaddrss the question in detail if you'll tell me how you found this tiny blog! Inquiring minds want to know.