Pending in Old Greenwich

18 Mortimer Drive, $2.495 million, 12 days. Nice house, it’s been lifted up to keep its skirts dry, and totally renovated, but it does illustrate that the days of the starter home in Old Greenwich and Riverside are gone: these owners paid $370,000 for it in 1997 — that would be $735,855 in current dollars, and certainly much more money was put into it since that purchase, but there are no more $735,000 houses in this neighborhood, regardless of condition.

Not complaining, just pointing it out.