Nothing much going on. No sales reported, 2 executed contracts, one for Sickle Bar Lane, asking $979,000 and the other for 12 Mountain Wood Road, mentioned here earlier this month when it reported an accepted offer. Last asking price was $6.950 million which, assuming it sells for even less than that, will make the sellers cringe: they paid $8.4 million for it back in ’05.
Five accepted offers, all under $2 million, all unexceptionable.
And that’s it. Blah.
While looking at stats from the past six months just now, I noticed a sale that must have escaped me over the Thanksgiving holiday: 37 Cedarwood sold for $4.3 million. Owner paid $5.275 in 2003.
Positive news? It’s a sale!
Do you mean Mountain Wood?
http://christopherfountain.wordpress.com/2012/02/08/the-greenwich-market-continues-its-decline/
Yes – I’ll change that, thank you.
Cedarwood looked like a good buy and they were realistic sellers. However currently across the road at 38 Cedarwood they are asking $7.25 for (in my humble opinion) a marginally better house. I believe this house started at $7.75 so it will be interesting to see how long it sits and gathers dust….