Those very nice spec condos on Sound View Drive haven’t been attracting buyers – I think two have sold – and today six of them had their prices slashed from a measly $100,000 on one unit (a cheaper one) to $500,000 on another, with cuts of $300,000 and $400,000 on medium units. These look to be very well made homes, and they enjoy a view of Long Island Sound, but they’re built on one of the steepest hills in town (15% grade, for you civil engineers ) and that hill serves as a thoroughfare for just about every truck that leaves Exit 3 on I-95 and heads for the Post Road commercial zone. That means downshifting on the way up the hill and brakes squealing (plus more downshifting) on the way back down. Couple that with the crush of non-commercial traffic that uses the same route all day and the precipitous climb for residents of the condos who’d like to walk to the train or lower Greenwich Avenue, and you have a marketing problem even a $500,000 cut may not solve. I think I’ve heard, once or twice, that in real estate location is king. These condominiums may prove that once again.