Tag Archives: Greenwich pricing sanity

Reality creeps in on little cats’ paws

49 Fox Run Lane

49 Fox Run Lane

One of the exciting things about representing buyers these days is that there are now properties for sale that I’m not embarrassed to show. This house on Fox Lane is a good example. An old house on a great street, with a beautiful pond on one side, it was purchased for $3.1 million in 2000 and completely renovated from 2000-2002. The uglypicture above notwithstanding, the results were beautiful. It’s been for sale since 2002 at a price that started at $10.5, soared as high as $11.5 million in 2005 and slowly subsided so that today it’s asking $6.950. That would have been a good price in 2002, and perhaps it still is today, but either way, it’s a huge improvement over the silly, stupid price tags that preceded it. This business really isn’t all that complicated.

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