Old house, old listing; they often go together

After lingering on the market since August, 14 Meadow Drive, Greenwich, has dropped its price 3% from $9.750 million to $9.450. It looks like a nice, grand old house, but maintaining 10,000 sq.ft of structure built in 1909 is a daunting prospect, and the pool of buyers willing to take on the challenge is shallow. I might have been tempted to move more aggressively, and sooner on this price "adjustment” than has been done here, but it’s not my house, nor my listing.