5 Old Round Hill Lane Sold – $10,375,000

The owners bought it new in 2007 for $11,200,000 – so surely they’re disappointed with the price…but holding out would most likely not have benefitted them. In the last 12 months, we’ve only seen 4 homes sold between $10M and $12M sold. Currently there are 15 active homes within this price range. So absorption rate calculated over the last 12 months, indicates 45 months supply….and all 4 sales occurred between June and September 2013…so it may be trending more positively. In addition, there was another $15M sale this month – 164 Round Hill Rd – however, when a bird is in the hand…

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