The Market’s Up! No Wait, It’s Down

See, here’s why this business is tough, at least, the business of trying to figure out market direction. These two properties have both sold twice in the last year, one went up in price, the other went down. One’s “close to town”, one is way back-country, does that explain it? Are back-country Greenwich properties still dropping, is that what we must conclude?

I, for one, am not sure.

504 Indian Field Road, just inside the gates of Mead Point, sat on the market for a few years, finally sold Feb 2015 for $2,501,000. Now it has sold again,  no changes made, for $3,000,000.

504 Indian Field Road, just inside the gates of Mead Point, sat on the market for a few years, finally sold Feb 2015 for $2,501,000. Now it has sold again, no changes made, for $3,000,000. List/Sell: Jill Kelly.

528 Riversville Road, nice tear-down on 4 acres, got $2,000,000 Jan. 2015.  Came back on a few months later at $1.950M, later reduced to $1,690,000, now has contract. List: Jeff Jackson.

528 Riversville Road, nice tear-down on 4 acres, got $2,000,000 Jan. 2015. Came back on a few months later at $1.950M, later reduced to $1,690,000, now has contract. List: Jeff Jackson.

1 thought on “The Market’s Up! No Wait, It’s Down

  1. Indian field needs to be modernized and you have a great home. The outside is dated but an easy fix. Inside needs baths and kitchen and a few walls knocked down and you have an easy and relatively inexpensive fix.
    Drove by riversville house the other day. More like drove and then drove some more and then sone more past the house. I guess when others are running out investors should run in for value but this is a town based on commuting and it is way out there.
    Lastly. Drove through havemeyer park the other day. Every house seems to be either under construction or ready to be torn down. Guess it is one of the new places to live. Can get in there for around 600 per square foot which is cheap given the assigned schools.

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