11 Shannon Lane, Cos Cob, got it’s full asking price of $1.298 in about 40 days. Nothing exciting about the place, but Shannon is a nice street, the house is in good condition, and it’s in the North Street School district. Not surprising that it sold quickly.
One the other hand, One Ashton Drive is not selling quickly, and today it cut its price from $6.750 million to $6.495. Not a bad house if you admire this era architecture and size, but it sold in 2007, height of the market, for $5.125 million and the current listing makes no mention of renovations since, so why the original price of $6.750 or, for that matter, today’s? The listing offers an additional commission bonus if the house is sold before a given date but, to my mind, if an owner is in a hurry to sell, he’d be better off pricing his home realistically rather than encouraging gents to persuade their clients to py more than it’s worth.