45 Lismore Lane (off Round Hill) sold via bidding war ($2.995 ask, $3.010, paid) in 2004. It returned to the market in January, 2017 at $2.9, sold yesterday for $1.9.
And, while the loss has yet to be realized, 70 Cedar Cliff Road, Riverside, which sold for $3.995 million in 2006 and came on the market six months ago at $3.750 has now dropped to $3,.495.
Similarly, a previous property I’ve written about before, 46 Dawn Harbor, Riverside, sold for $4.155 in 2015 to new owners who spent between $750,000-$1,000,000 renovating it, and resold it a few months ago for $3.7 million.
I’m certainly not suggesting that Greenwich real estate is in a free-fall — it isn’t — but buyers might well want to view their agent’s claim that real estate in town is a rock-solid “investment” with a wary eye.
(I post notes like this mostly to keep up my reputation among my colleagues as the least-liked agent in town)