Builder's Special

48 Parsonage Road was built on land that sold for $2,440 million in May, 2007 in what was probably the last hurrah for Greenwich land sales for the foreseeable future. The builders offered their new house for $7.850 in May, 2008 and couldn’t sell it so yesterday they knocked almost a million dollars off the price, leaving it for now at $6.895 million. That’s not likely to do the trick in this market, but do you remember when “pre-construction pricing” offered a discount from the finished price? Things are quite the other way around now.

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