Evermay Follows Halcyon House In Price Reduction

As mentioned a little while back, Halcyon House cut its offering price 37% from $30 million down to $19 million. At the time, GM wondered whether this would pressure Evermay to follow. Well, it took less than a month: Evermay is slashing its price too. It dropped its offering price 19% from $49 million to $39.5 million.

Barring the arrival on some Spanish royalty, it seems to GM that notwithstanding the price cuts, these houses will remain on the market for a while longer. The only Georgetown house sale above $10 million dollars in the last year was Evermay’s neighbor at 1607 28th St., which sold for $11.5 million last July. The last ridiculously large purchase that GM can remember is when Herb Miller set the still existing record of $25 million when he sold the Bowie-Sevier house in 2007. 2007 was a much different time than today.

So is there really someone out there with $39.5 million dollars who wants to buy the premiere privately owned property in Georgetown? How about organizing a few down-on-their-luck mere-multi-millionaires interested in a time-share? Hey, that sounds like a decent idea…