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A heavily renovated Tudor-style home in Greenwich, Conn. has sold for $22 million, defying a prolonged pricing slump in what’s traditionally been one of the most expensive markets in the U.S.

The property, known as North Court, sold for $2 million above its asking price, said Helene Barre of Sotheby’s International Realty, who represented the sellers. The property went on the market for $20 million last fall, she said.

The…