Apple to apple

64 Benjamin Street, Old Greenwich, was on the market for 488 days in 2019-2020, starting at $1.795 in 2019 and finally dropping down to $1.625. It was withdrawn from the market in April 2020 as the pandemic hit, and returned, at that same $1.625 in September, whereupon, the Pandemic sellers’ market having struck, it sold for $1.7.

So, that was last September. Something obviously changed in the new owners’ plans, so they put it back on the market this April — 6 1/2 months later — untouched, at $1.790 million, and sold it yesterday for $1.850.

After transaction costs, the sellers obviously didn’t make money on this quick in-and-out, but from a buyer’s perspective, that’s quite a bump. I hope no one bidding on the house this time didn’t fail to bid last summer, thinking that prices would fall. They surely will, but not yet.