Le deluge. No sales activity to speak of but lots of price cuts, finally – 11 just this morning, but many of those are for condos or rentals. Two that aren’t:
21 North Street, very nice construction by Kali-Nagy that took two years to sell after being built in 2005 but did move in 2007 for $5.650 million. It’s been on for a while now and today dropped to $4.845.
9 Rockwood Spur. Sold for $4.150 million in 2004, tried to sell again in 2007 for $5.650 (too late!) and has today dropped to $3.495 from $3.795.
This keeps up, we might see a trend, eh?
As an aside, some of us were astonished to see houses like 21 North Street sell for as much as they did back in that time. While I take no pleasure in seeing another man’s loss (nor mine, come to think of it), it’s reassuring to see some sense of reason beginning to appear in the Greenwich real estate market. Except Riverside’s, but that day may come too.