150 Pecksland Road, listed at $6.250 million in May, 2007, was deleted today from our listings and has immediately reappeared at a new price of $4.789. Sellers do this because the Greenwich Multilist is so easily fooled – the listing now makes no mention of the original price or even hints that the house has been lingering. I don’t think I have a problem with this, actually – a stale listing date harms the seller and if a buyer is curious (and he should be) his or her agent can easily dig up the information. I just mention it so that you’re aware of the practice.
In any event, I looked up the sales data on this house and it sold for $1.880 million in 1989. Using the CPI calculator, that’s $3,106,420 in 2007 dollars, and we’re obviously not there yet. Of course, the place hasn’t sold yet, either, so the jury’s still out. And, although it didn’t help 7 Gisborne’s price, like it, this house was extensively renovated in 2006. That used to count for something.