The Market’s Great! No, Wait…The Market’s Terrible!

21 Winthrop Drive, $3.450M, Riverside's hottest address?

21 Winthrop Drive, $3.450M, Riverside’s hottest address?

No sooner had I pronounced the Greenwich high-end on its way to full recovery, then this happens. That link will take you to today’s story from TheStreet.com, where we learn that “pending homes sales” continue to drop*, blamed on a number of factors. And, I’ll admit, right here in Greenwich, there has been an undeniable drop in reported “accepted offers” lately, hmmmm.

On the other hand, we have this

21 Winthrop Drive came on the market Tuesday, and by late afternoon, had already gone to sealed bids! Holy %#@&!

What do you make of this? Is Riverside once again blazing its own trail, or is this just over-excited builders who haven’t yet heard the news that Hartford Democrats (and their liberal Republican enablers) are going to bust up the “racially un-balanced” Riverside School?

The Winthrop property is also listed as separate lots…

21 Winthrop, lot 1 (with house)

21 Winthrop, lot 2 (raw land, aka trees, rabbits, squirrels, raccoons)

* Except in the Northeast, where they’re reported up 4%, go figure.

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