Another price war "winner" is about to lose

Though not too badly, probably. The owners of 26 Shore Acre Drive in Old Greenwich purchased it last year for $3.05 million in a bidding contest that began at $2.795. They changed their minds about its desirability, apparently, and put it back up for sale this May at $2.995 million. Twenty-two days later, it’s reported under contract. While that’s not a very long time, in this market, three weeks on the shelf, instead of mere days, suggests that it won’t be going for above-ask. We’ll have to wait until it closes to learn its final selling price.