Same nice house, same nice street, different market

6 Sunset Road

6 Sunset Road, Old Greenwich, sold for $2.275 million (asking price $2.295) in 2007 after just 19 days on the market. 355 days ago it was put back up for sale, and, originally priced at $2.550 and dropped to $2.320, it finally reports a contract. As the house is essentially unchanged after eleven years, it's an apples-to-apples comparison, and a pretty good indication that, for this era and type of house at least, some Old Greenwich properties haven't recovered from the 2008 crash and in fact, haven't kept up with inflation.

Interesting.