Nothing doing in real estate these days

56 Sherwood Place: It takes a licking, and keeps on ticking.

There never is, this time of summer, but it makes it hard for someone trying to at least pretend this blog emphasizes Greenwich real estate. Activity is confined almost exclusively to rentals and a few price cuts right now, but that should change after Labor Day.

Among price cuts, the only one worth nothing, and that only because we’ve been reporting on its travails since 2016, is 58 Sherwood Place, dropping today to $1,999,500. It started off at $4.2 million in 2016, so $2 million is some kind of adjustment to reality; where and when will that adjustment end? Stay tuned.