Old Greenwich sale price reported

5 Indian Drive, $2.6 million. The sellers originally priced this at $3.295 million but accepted this much lower offer in less than fifty days, so kudos to them for quickly recognizing the market signals and adjusting their hopes accordingly. Had they done what so many sellers do and stuck to their guns despite all evidence to the contrary they’d have probably ended up selling it a year from now, for the same or even a lower price.

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2 responses to “Old Greenwich sale price reported

  1. Anonymust

    Maybe the market appreciates and they are leaving $ on the table – it is not a given that prices keep falling….

    • Old Greenwich prices are strong, but there’s a limit to anything. I think $2.6 was a decent price for both buyer and seller – I doubt there was money left on the table here.