New year, new market

7 Gisborne7 Gisborne Place, Old Greenwich, is newly listed today at $3.175 million. It sold for $2.860 in 2007 but just $2.2 in 2009. There were improvements made in 2010, but that’s still quite a mark-up.

Not unprecedented: a house I sold new in 2008 for $3.850 resold in 2010 for $2.9, then sold again last year for $3.7ish. There was quite a trough there, for a while.

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