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. 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.