19 Bailiwick has dropped its price, again, to $2.995 million, after starting long ago at $3.850. The house has been properly Westchesterized, which is the market for this development on our western side of town, but $4 million? There's just no way that this neighborhood will support that price, and any competent agent show know that.
The woman responsible for setting that price was fired by her clients, and properly so, but the last time this place was on the market, back in 2008, that listing agent priced it at $2.850—it sold to these owners way down the road for $2.025. Did they actually pour $2 million into their purchase to justify that opening price? I certainly hope not; but if they didn't, how did their first agent possibly justify her $4 million recommendation? (In fairness, it may have been her clienst who were deluded, but if that was the case, how could she justify to herself wasting her time and money on fools?)
I have my own opinion about whether their agent back in 2008 did them a favor in letting them believe that they were getting this place for a "bargain", just because it had dropped a million dollars from an irrational opening price. As for whether the current $3 million price tag on a Bailiwick house is reasonable, we'll let the market supply its own vote: mine doesn't count.