Two reported this morning, 41 Angus Lane and 13 Mortimer Drive.
41 Angus, asking $1.695 million, lasted just 3 weeks.
13 Mortimer, on an 0.12 acre lot in Old Greenwich and priced at $1.050 million, sold in five days. With that kind of speed there clearly were multiple parties interested in this house and God bless them. My own clients seem to be as taken aback by what’s happening in Old Greenwich and Riverside this spring as I am and are holding off, waiting to see if things don’t cool off. If we’re wrong and prices keep soaring well, then that’s what happens. I do know that, unlike 2009-2012, I’m not seeing anything in this area of town that looks like a solid place to dump a lot of cash.
I don’t know what specific flood zone Mortimer is in, by the way, but it’s obvious that I’ve already been proved wrong in one prediction: Hurricane Sandy, which might have served to remind people of the close proximity of water to Old Greenwich neighborhoods, has had no effect in damping sales, so to speak. Probably a good time to go long on rubber raft manufacturers.