How 'Bout a $10 Million Price Reduction?

There are seven properties on the market in DC over $10 million - ranging from $10 million to $39.5 million. Five have been listed for at least 6 months - with one being on the market almost two years, but no properties over $10 million have sold in the same 6 month time frame.

Interestingly, the "youngest" of the properties (57 years old) is the least expensive, while the oldest ones - both in Georgetown - are the most expensive. Halcyon House is a 30,500s.f.historically designated mansion overlooking Potomac River.The home was built in 1787 by James Stoddert- the 1st US Secretary of Navy, and George Washinton confidante. It was once owned and expanded by Mark Twain's nephew. Originally listed at $30 million but reduced to $19,500,000 this 5 level home with 9 fireplaces and room for 12 cars all on 1/2 an acre in Georgetown is waiting for your buyers,

Evermay in Georgetown started out at $49 million but now is available at $39,500,000. Evermay is a gated,magnificent,historic estate on 3.5+ acres in a tranquil setting w/ majestic grounds&gardens, Built in 1801, the dining room seats 40, orangerie/ballroom promise grand parties, and guesthouse+annex/office guarantee privacy. With parking for 100 cars, parties will be easy at this estate that overlooks the Washington Monument and Rock Creek Park.

What I can't imagine is having a conversation with a seller and suggesting that they should reduce their price by $10 million! How do you start that conversation!

None of these are my listings, but Lise Howe will be glad to show them to you!