Sold
/29 Cottontail Road, (northwestern) Cos Cob, sold today for $1.8 — full price. The sellers bought it for $822,500 at the end of November 2018, redid the interior without expanding it, and put it back up for sale this past January 27th.
The listing agent didn’t even bother to include a narrative description, just stuck it on the MLS and sat back; he had a contract by February 21.
This all reminds me of the 1980s, when bluefish swarmed the Sound and were so plentiful that we took the barbs off our hooks so that we could release those we caught; after one, how many bluefish can you use? They don’t freeze well, and unlike the lobsters we caught in cooler months, you can’t give them away.
One day, in the midst of a feeding frenzy, with blues flying out of the water and into the air pursuing those poor old baitfish, bunkers (I’ve always feared that should I misbehave badly enough in this life I’ll come back as a bunker) I punched a hole in the bottom of an (empty, of course) beer can, ran a line through it, and tied a hook to the end. Sure enough, it caught fish, and saved my expensive lures from being lost to the bluefish’s sharp teeth.
Our current market is like that.