Why Billy Joel's Home Has Been Listed for 'The Longest Time'

billy joel
billy joel

Singer Billy Joel seems to be making the same mistake that a lot of home sellers are making: Reducing the listing price by a smidgen when a slash is in order.

The Piano Man just can't seem to get out in front of the market on his home in Sagaponack Village in the Hamptons, which came on the market at $22.5 million, inched lower to $19.9 million when we last proclaimed our love for it, saw another teensy price drop to $18.5 million in January, and now slips another inch down to $16.8 million -- which is what he paid for it in 2007.

billy joel
billy joel

Yes, he did some

renovations in 2009, but buyers these days just look at the bottom line. With market price levels closer to 2002-03 than 2007, it's time for a reality check. If Joel wants to be "Movin' Out," he better give up on the "Easy Money" and realize it's too late to "Get It Right the First Time." (Sorry, we couldn't help ourselves.)