Contract on Clapboard

121 Clapboard Ridge, on the market since September for $3.195 has a contract. The owners paid $3 million for it in 2007, so no huge appreciation here, but there doesn't’t seem to have been all that much money put into the place other than dolling it up to give this 1960 home that already-dated Las Vegas look, and they have enjoyed ownership for 15 years; not too shabby.

But still, there was a time when you could count on Greenwich real estate to at least keep up with inflation.