Lots of agents are busy these days and I’m pleased to say I am among them. Lots of offers fewer acceptances, but things are moving along at a pretty good rate considering that it’s July. 27 Ford Lane in Old Greenwich is reported under contract today. It’s new construction with waterviews and access to a dock that, at high tide, will get you somewhere. A very nice house on a good street but its first price of $4.550 million was stretching things a bit. Its lower price of $3.7 million was an improvement and enough to find a buyer.
25 Cedarwood, 2.5 acres and a burned down house, has also gone to contract. Started at $2.450, dropped to $1.995, I wasn’t taken by the land but somebody obviously likes it enough to put down some serious cash, just proving once again how much personal taste plays a role in real estate.
And that same difference in taste will, I hope, mean a buyer for this new listing at 25 Hettifred, asking $1.190 million for a 1966 raised ranch on an acre. I like King Merritt Acres well enough, I suppose, but I’m not at all sure I’d pay that much for this spot. Fortunately, I’m not a potential buyer.
UPDATE: Perhaps the sellers at 25 Hettifred learned a lesson from their neighbor at 27, which has just come back on the market, again, at $999,000. This poor house has been looking for a buyer since 2005, when it was listed for $1.695 million. My guess is that the days of King Merritt acres busting a million are past, for the time being. Even $999 seems steep to me these days.