My Club Road sources insist this place not only has a deal, but is about to close. For how much? I’m hearing $8M+. The sharpest among you will immediately recall it fetched $8.675M back in September, 2008. This happens to be the property all of us experts liked to point to and say “Ah, there was the good old days, we’ll never see prices like that again.”
As usual, “the market”, you know, those actual humans with checkbooks who buy stuff to live in and actually, truly, determine what something is worth?, the market refuses to listen to experts.
I’ve harped on this before, and I shall do so again…it is impossible to name a precise percentage amount that the Greenwich market has declined since its high-point back in…hmmm…well, when was the high-point? Fall 2008, let’s go with that. Certain sections of town “appear” to be down significantly, yet we have so many glaring exceptions:
Here are 8 recent examples of properties that recently sold for “too much”, or so some experts would have us believe.