Here's a rarity: someone's actually getting out for what he paid, after just one year

38 Dairy Road, $5.450 is pending after just a brief time on the market. The house was built in 2016 and priced by its builder at $7.275 million. After a fruitless two years the developer finally sold it to this owner for $4.9 million in April 2018. He, in turn, put in a pool, then decided against staying and put it back up for sale this September. Usually, a sale so soon after purchase comes with a loss, but even accounting for that pool’s cost and ordinary transaction charges, it looks as though he’ll make out just fine.

The owner, btw, is a former trader who left Goldman Sachs in 2017 “to pursue other opportunities”. Judging from this brief period of ownership, I’m guessing he found that new opportunity outside of the Greenwich/NYC area.