Sale price reported

213 Round Hill Road, $3.5 million. Beautiful old (1700) house, that was dismantled and moved to this site in the 1950s from, I think, Massachusetts. That destroys its historical value, but it does allow for a modern foundation and other improvements, so there are plusses and minuses.

The fact that it took two years to sell is probably due to combination of over-pricing: it started at $4.250, and the narrow market pool for houses of this era. Nonetheless, it has found a buyer, and the sellers can now move on, so good for them.

Try, try again

Back with yet another broker and yet another price, 41 Alpine Road has been returned to the active roll, now asking $12.750 million. 10,000 sq.ft., above ground, another 5,000 underground (which the listing claims anyway) built in 2000, on 8 acres, and has been for sale since 2006, when it was listed at $21 million.It overlooks the reservoir, which you aren't allowed on, or in.

Not the strongest segment of our market, so we'll probably continue to see this around for a while.

Delusional sellers can be found on both coasts

fortunately for the seller, beverly hills draws a large number of middle easterners

fortunately for the seller, beverly hills draws a large number of middle easterners

Bloomberg reports on a Beverly Home whose owners, failing to sell it at $72 million, raised it to $8o.

From a strategic standpoint, at least, the new price has some area brokers scratching their heads. “We don’t see a lot of high-end luxury developers raising their prices,” said Connie Blankenship, the director of luxury sales at Douglas Elliman Real Estate in Los Angeles. “If anything, they do it the other way, starting higher with the price they would love to get, and then if they’re not getting the activity they need, lowering the price.”
One explanation could be that the elevated price is effectively a marketing move. “It seems the higher you price your house, the more attention it gets,” Blankenship said. 
Another could simply be that sellers have unreasonable expectations based on other, similarly aspirational homes currently on the market. “What also happens is that other owners look and say, ‘Well, this person is pricing their house high, so mine also must be worth that amount.’ But the problem,” she continued, “is that those houses haven’t actually sold, so they’re not real comparisons.”

Yup.

As an side, I note that the owner built a 28,000 sq.ft. house on a 1-1/2 acre lot. I bitch about our FAR regulations all the time, but .... gee.

and russians

and russians