How Not To Sell a HouseA house in “the Golden Triangle” of Greenwich came on the market just this spring asking $6,950,000, a ridiculous price for a house on 0.6 of an acre in a 1 acre zone – no room for expansion, among other problems. It didn’t sell – there’s a surprise – and [...]
Entries from June 2008
June 30, 2008
To tell the truthI got in trouble last fall when I took on a local real estate firm for falsely reporting a house on Thunder Mountain as “sold” for $7,500,000 (or somehere close to that figure) when in fact it sold, unfinished, for less than half that sum. The agngry brokerage firm (Greenwich Fine Properties, [...]
June 30, 2008
Affordable HousingIt’s back in the news again. Greewnich, under state law, must provide a certain number of affordable housing units for its population. Not surprisingly, in a town where a single building lot can easily cost $1,000,000, we’re not in compliance. The latest plan to add a couple of hundred units (elderly and moderate income) [...]
June 27, 2008
June 27thSome houses are selling, even at (especially at) the higher price ranges, by which I mean $11,000,000 – $7,000,000. I notice though that of the 10 sales reported yesterday all but one had sat on the market for 12-18 months, and almost all sold for substantially less than their original asking price. Hmmm [...]
June 26, 2008
Okay, so I’ve been remissI’m in the middle of what promises to be an exciting (to me, at any rate) new website with a number of webdesigners, columnists, reporters and editors (the free time of all of whom has been blessedly freed up by the ever-increasing rapidity of newspaper cut-backs, and blogging has been none-existent. [...]
