Location, shomation

Asphalt, traffic, noise: bringing the City with them

54 Mallard Drive, asking $3.575 million, has a contract after 38 days. No huge surprise here; the sellers paid $3.3 for it when it was new in 2017 (the builder had started at $3.925), and there have been a few sales in this range on the street, so I guess that’s the market.

What does surprise me, though, is the rapid change in buyers’ tastes. Up to a decade ago — less, actually — people shied from heavily trafficked streets like Mallard, which is the main cut-through from central Greenwich to the high school and all points east on the Post Road. Houses sold there, but at a discount.

Now they don’t. One could duplicate this house at the same price on a quieter street, but buyers don’t care. Which I’m not condemning, but just pointing out a new phenomenon in our local market.