Discounts in Greenwich coax buyers back

It’s been a bit sleepy in Greenwich, Conn.. High-priced homes just weren’t moving. But in the first quarter, buyers, hungry for suburban bliss, returned. Home sales in Greenwich jumped 29 percent from a year earlier to 126 deals, according to a report by Miller Samuel and Douglas Elliman Real Estate. So what accounts for the sudden change of heart? Discounts. According to Bloomberg, sellers offered discounts averaging 7.9 percent off the last asking price. “Buyers are now realizing, ‘OK, […] Read More >>