Sales still happen

215 Orchard

215 Orchard

And not necessarily at rock-bottom prices. This one on Orchard, across from Central Middle School, sold last week for an even $3 million. That’s down from its asked-for price of $3.8 back in 2006 but it’s not all that painful. Who knew there was a $3 million buyer out there?


126 Cat Rock

126 Cat Rock

But here’s an example of a house that still won’t sell, despite being very close to its 2001 price, when it sold at full price for $3.6million. Today it’s at $3.7 million. Other than reader Stanwich, who loves the road, Cat Rock is often a difficult sell, particularly in a weak market. My guess, and it’s just a guess, is that, if these owners have to sell in the near future, they’re going to have to take a loss.


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6 responses to “Sales still happen

  1. Retired IB'er

    “And not necessarily at rock-bottom prices.”

    Even a broken clock is right twice a day.

    There will always be sales, and some for stupid prices, but the key question is health of the market (as measured by width and breath of transactions).

    I assume in that regard, the spring selling season is already shaping up to be a bust.

  2. Stanwich

    ……but if this house was on Lockwood, CF would be questioning why it hadn’t moved sooner.

    If I remember correctly this house is near a particularly sharp bend which narrows to barely one car width. If only I had enough cash…..

  3. Anon E. Moose

    This is shaping up like a straight to DVD cartoon series my 4-yo would watch:

    “The Year Without a Spring, Part III”

  4. Anon E. Moose

    …or the line from Groundhog Day:

    “What if there is no tommorow [Spring]… there wasn’t one today [this year]?”

  5. Anon E. Moose

    Not to get all serial-poster on this thread, but just to add:

    Is the moral of the story only Cos Cob and Stamford are selling, but not Greenwich?