Pending in Milbrook

7 Orchard Drive, listed for $6.050 million in April and subsequently dropped to $4.995, is reported pending. The price history of this house offers a nice snapshot of an earlier boom and bust period in the Greenwich real estate market, a phenomenon that, before 2007, many agents didn’t believe could occur — “but this is Greenwich!”

Sold for $3,780,000 in 2004; listed at $4.895 in 2006 and finally sold to these owners in 2009 for $2.5 million.