547 Lake Avenue is reported in the newspaper as sold for $4.5. So far as I can tell it was never on the Greenwich MLS, so I have no idea whether this was a good deal for the buyer or the seller. In the good old days, I believed that sellers shortchanged themselves when they skipped paying a commission and sold direct. These days, I suspect that it’s the buyers who are overpaying, but without knowing the details, I can’t say. If both parties are happy with their deal, then that’s great.
Same thing with 26 Mooreland, which sold for $5.850 million. Again, no record that it was ever exposed to the market.
By way of price reductions, I see that 33 Pleasant Street in Riverside, which started off in 2009 at $3 million, is now down to $2.395. I think that’s still too high, but my tolerance for highway noise is low – you may disagree.