Great moments in real estate pricing

121 Round Hill Road Greenwich

121 Round Hill Road is new again today, this time priced at $4.995 million, presumably because they couldn’t sell it at its May price of $4.895. It’s land sale, — 2. 3 acres — and supposedly shovel ready, what with town approval for a 10,000 st. of house already designed by the seller’s architect. The trouble with the latter is that buyers rarely want to use the seller’s plan, they want to build to their own taste, and rarely are they willing to pay extra for yours.

The pricing history here has been … er, erratic.:

$4.5 02.07/2025

$4.3 05/15/2025

$4.895 0508/2026

$4.995 08/10/26

PrimeSites, Inc., of Lincoln Nebraska, currently holds title, and as you can see from FWIW’w exclusive photograph above, they’ve brought in a band of Cornhuskers to remove the one of the causes of buyer resistance. FWIW’s photographer reprts that work is proceeding slowly, but surely, and estimates a (de) completion dater of no later than 2028.