Things are beginning to look a bit more realistic all of a sudden. Yesterday I mentioned 317 Stanwich Road, a very nice house on 3 acres marked down from $3.950 (or close to that) to $2.225. That’s a bargain.
While I wouldn’t call 11 Quail Road a bargain, it’s a nice 11,400 sf new house built in 2004 on land purchased for $3.0 million in 2002. The place was listed for $8.875 last Spring, dropped to $7.875 in November and today chopped again to $6.875. I admire a frustrated seller who thinks in millions. 2 acres, round Hill Road neighborhood, under $7? Maybe next year that will look ridiculously expensive – today, it looks a lot better than $8.75 did.