When its owners refuse to drop its price in the face of market indifference, as is the case with 70 Bush Avenue, on the Belle Haven peninsula, which has been re-listed today at its previous price of $5.425 million. It's been for sale for 391 days now, and in all that time it's dropped from $5.575 to $5.425, which is to say, it hasn't really dropped its price at all.
The house was built in 1922 and renovated in 2015, so it has the charm of that original era as well as modern amenities, but between 1922 and now, Interstate 95 showed up a few hundred yards away from the front yard, and that's a real turn-off. Bush Avenue has seen some big sales, but the population of the deaf is limited, so sales take a long time.
All things being equal, I would never waste my time fooling with what I consider to be an over-priced house if its owners are displaying this kind of refusal to accept reality. Other agents take a different approach, and so perhaps this will sell in the spring market. God bless.