Old listings see action

17 Cottontail

17 Cottontail Road, Cos Cob, has a contract after 1,479 days on market. This is a very decent house and at its current price of $2.595 million, a pretty good deal. Its difficulties can be attributed to its first rice of $3.495 back in February 2016 and the combination of too high a price and a slowish market hurt its chances. I had clients who were bidding on this property but we were dealing unknowingly with an agent whose authority had lapsed; he failed to share that information with us, and he failed to notify his former principal that he was negotiating on their behalf, so it was a total waste of time. The new agent got the job done but, unfortunately, with another buyer. This industry is not without its charlatans.

38 Aiken Rd

An another long in the tooth dowager, 38 Aiken Road, has sold for $3.2 million after 1,778 days on the market. It started at $6.995 million in December 2013, a price that at the time I thought a tad exuberant. So it proved.