A tale of two markets

85 Richmond Hill Road

For all the (Realtor) talk of a resurgence in the black country, this contract says otherwise: 85 Richmond Hill, asking $3.995 million. Encouraging, in a sense, because at least there’s someone out there willing to live on the tundra, but this house was purchased for $7.1 million in 2006, and was put back on the market in 2007 at $8.9. Thirteen years later, “success”. And at that, the final selling price will probably be, if I were to guess, below $3.5.

Further south, things are looking strong. 9 Armstrong Lane, Riverside, $2.395 million, has a contract after 17 days.

22 Marks Road, Riverside, $3.650 million, 34 days.

And 338 Sound Beach Avenue, Old Greenwich, has closed at $2.5 million. 29 Days.

9 Armstrong lane

22 marks road

338 sound beach avenue