Two more contracts from Friday reported today. 2 Pleasant Street in Cos Cob, purchased for $905,000 in August, 2005, listed for $879,000 just last month and has found a buyer.
186 Otter Rock, a 1953 house on and acre and a half, was originally listed for $5.7 million on August 14, 2007 and stayed with the same broker through the years as it slowly dropped to $4.975 million. The seller’s patience has been rewarded – an agent with the same broker has the buyer, lucky for the broker (2X the commission) but my math on how long this process took is different than that employed by the Greenwich Association of Realtors. They show an original listing price of $4.975 and only 98 days on market while I see $5.7 million and 675 days. But I’m just an old spoilsport for mentioning that. Perhaps the grievance committee will raise that issue, too because my method really screws up their rosy statistics on DOM and sales-to-ask percentage. Darn him!