Not the one I mention below, but an October contract for 565 Indian Field Road (Mead Point) sold today for $3.375 million. This is a very nice house in my favorite of all the gated communities in Greenwich and the buyers did well, but I wish the sellers had been more realistic a year ago, when they priced this at $4.450. On the one hand, placing such an exaggerated price on a property makes it look like a real bargain down the road when the price returns to reality, but I’m pretty sure I had clients for this house back then except that they, and I, were daunted by what the seller seemed to think his house was worth. They chose not to engage in what would probably be fruitless negotiation.
I certainly wasn’t the only agent with clients looking for a house in Mead Point, so the moral is, if you want to sell quickly, set a good price – if you want to convince a buyer down the road that he’s getting a steal, then this is the way to go.
But be prepared to wait.