Has The Market Been Dropping All This Time?

200 Old Mill Road, last sold for $6.3M in 2004. Now available for $5M. Bargain!                                        List: Helene Barre.

 

 

9 Woodside Road (Deer Park). In 2008, got $10,950,000. 2011, got $7,730,000. 2018 asked $6,475,000, now pending.
List: John McAtee
Sell: Lindsay Sheehy

17 Lismore Lane, sold in 2004 $3,010,000. Asked $2,300,000 in 2018, now pending.
List: David Ogilvy
Sell: David Ogilvy

The Greenwich market began to recover from the 2008-2009 crash in 2010 and the recovery continued into 2014, but since then,we appear to have slipped back, in some cases back to 1999 prices!

Below, I’ve provided some examples of recent sales in various parts of town showing the previous sales price and now the latest sale price, definitely bad news for sellers.

On the plus side, sales volume looks good. If you really want to sell, there are plenty of buyers in all price ranges. They are holding onto their wallets rather firmly, but they will buy if you make it impossible for them to say no.

Recent sale prices: Old vs. New

521 Field Point Road    2005: $6,035,000   2018: $5,200,000

43 Doubling Road         2006: $5,075,000   2017: $3,675,000

7 Knollwood Drive        2006: $5,650,000   2018: $4,500,000

123 Park Avenue           2007: $4,111,000.  2018: $2,650,000

45 Husted Lane             2001: $5,400,000  2017: $3,340,000

7 Little Cove Place        2012: $6,500,000  2018: $4,649,400

186 Shore Road, OG      2010: $6,625,000  2018: $5,500,000

46 Dawn Harbor Lane    2015: $4,155,000  2018: $3,700,000

(and there are many, many more examples)

 

 

 

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4 thoughts on “Has The Market Been Dropping All This Time?

    • Cobra, old chap:
      A sensible point, but for the fact that Greenwich prices have been on this s-l-o-o-w downward drift for quite a few years, long before any tax-law changes were made.

  1. How about the six to twelve million market ? I notice that 1 Harbor Drive is (asking) down 5 million. Quite a discount…

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