Buyers: Read Between the Lines: Substantial Price Reductions This Week

1 Mayo Ave – Original List $4,950,000 Now $3,975,000

 June will mark one year that 1 Mayo has been on the market, and where this price reduction screams – let’s get a deal – their back up is that they will rent it for $18K if they don’t get their price.  A couple of misses : “near the entrance to Belle Haven”  – are we in or are we out? Also the listing claims a 2 car attached – hmmmm looks like a 1 car under and a carport to me.

TO SEE THE FULL LISTING CLICK HERE

11 Stillman – Original List $5,200,000 Now $4,750,000

11 Stillman looks great from the outside, and on the first floor – sort of falls apart upstairs with a small master. Over $5M one would expect a master suite – just sayin’….

TO SEE THE FULL LISTING CLICK HERE

 42 John Street – Original List $7,250,000 Now $5,995,000

 I love this property, 8 acres and a home that is beautifully constructed – so charming – the property itself – outstanding! – you can even see Manhattan from the gorgeous rear grounds…if this doesn’t get a deal at this price, I know that buyers are too consumed with listening to crazy trend rhetoric that you have to be  within earshot of your neighbors and the train.

TO SEE THE FULL LISTING CLICK HERE

66 Cherry Valley – Original List $12,900,000 Now $11,888,000

Will the catching pricing pull in the big one? The buyer is either a fan of the 90’s or Ulrich Franzen  – massively constructed on 7 acres – it’s either love at first sight, because nothing is easily changed. There are so  many built-ins with upholstery and these details need to be updated all over the house – not a huge endeavor in this price range…Bigger consideration is that the Greenwich market does not embrace contemporaries –  the average days on market for contemporaries is huge…this has been on and off the market since 2010. Sellers paid $11,400,000 at the height of the market in 2005…not that north of the parkway has been supporting ’05 prices…

TO SEE THE FULL LISTING CLICK HERE

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