And the fall season kicks off with price cuts
/26 of them today, though 12 are the condo units at 89 River Road in Cos Cob. Down to $1.6 now, which must be disappointing to their developer: he’d hoped for $2.550 million last September.
555 Lake Avenue is typical of the rest of today’s price cuts, by which I mean the sellers are still just nibbling. 555 has dropped from $39 million to $37 million, a mere rounding error, I should think, when it comes to zillionaires looking for homes here, but it’s co-listed by two of the best, Leslie McElwreath and Joe Barbieri, so there must be a strategy here that I’m missing.