New Canaan enjoyed the same real estate bubble Greenwich did back in 2004-2008, and some houses there have yet to recover from the great bursting

62 Summersweet Lane, sold new in 2006 for $7.6 million and has been back on the market since last July looking for $6.895. Today the owner finally cut that price to $6.195 million.

It was built by New Canaan developer Richard Girouard, who built a nice house, but couldn’t resist engaging in bid rigging, bribery, and bank fraud, and spent 30 months up in Danbury regretting his actions or, at least getting caught.