Almost back to what it sold for in 2008

29 Round Hill Road, or “Les Arrivistes”, as its listing agent insists on calling it, was renovated in 2007, put on the market that year at $18.5 million and sold in 2008 for $16.5. Those purchasers didn’t do as well as their seller when they put it back up for sale in 2013 at $18 million: it sat for years, unloved and wanted, until 2019, when the current owners appeared and paid them $9.3 million. At the wealth level that allows residential purchases in this range, a loss of $7.2 million was surely not calamitous, but it must have at least stung a bit.

So it could only have come as a relief to these owners and their agent when this time it only took 70 days: April to June 27th; and just one price cut, $17.450 to $16.5 million, to find a buyer. The property is now reported as pending, and we’ll soon find out how close it came to that ‘08 price.