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$10 MILLION PRICE CUT RESULTS IN A SALE FOR GEORGICA PROPERTY
In April, the asking price of this Georgica, East Hampton, property was slashed another $5 million, for a total of $10 million off. Back in 2012, the asking price was an ambitious $24.75 million; the price was cut last year to $19.75, and by spring this year was down to $14.95 million. That finally did the trick as the house, represented by Ed Petrie and James Petrie at Compass, is now in contract. Read more at BehindtheHedges.com