Price cut in mid country

3 Hill Road, now $3.5 million, down from last April’s price of $4.495. The owners paid $4.5 for it in 2011, a period when most of us thought that Greenwich prices had stabilized after their free fall between 2007 and 2010. We were wrong.

Out of curiosity I just looked up the active inventory of mid-country homes, Central Middle School district, priced between $3.250 and $3.750, and there are 27 of them (and 39, if you include Western School district), many having been on the market for over two years. If you’re in the market for mid-country homes at, say, $2.5 million, this category might be worth exploring, because surely a few of these owners are ready to throw in the towel.