Pending on Pecksland

124 Pecksland Road hit the market last July at $4 million, stuck to that price through the summer, and now the owners have been rewarded for their stubbornness: today, the property has been reported pending.

It’s a great-looking house, to my eye, built in 1939 and renovated, but not a black window in sight. Interesting price history, because it illustrates what's gone on in the Greenwich market from the period immediately before the 2008 bust through today. The owners before these paid $3,495 for it in 2006, but when they tried to get that back in 2015 the house sat on the market for 780 days before these owners picked it up for $2.295 in 2018.

There were a lot of bargains like that in the buyers’ era of 2008-2020, and it was a lot of fun, for me, to help buyer/clients find them. Sellers agents weren’t so happy, especially if they’d been the one to sell it originally, but the worm does turn, as it has here.