Marriage Trends

Mary Stuart Freydberg of Sotheby's International Realty Share U.S. Census data on marriage trends

Household formation has long been a driver of real estate.  The type of household drives the product demand.  A delay in household formation of young adults temporarily suspends demand for starter single family homes and move-up rates.  The Great Recession caused economic uncertainty among young adults and perhaps delayed household formation, continuing the cultural trend … Continue reading Marriage Trends

Broker Open Houses

Broker Open House Sotheby's International Realty Mary Stuart Freydberg

Broker Open Houses are valuable to sellers, agents and prospective buyers. As the name suggests, only brokers are allowed to attend a broker open house. Listings agents are available to highlight the homes features and benefits and answer agent questions. Broker Tour days and times are predetermined by location in order to create driving efficiencies. … Continue reading Broker Open Houses

The Land is Fundamental

Greenwich CT Land Cover

No doubt an updated home with current floorplan is desirable.  And yet, that same house in different locations will have variable lifestyles.  And a similar lifestyle can be found in three very different houses within a few blocks of each other.  A house can be transformed to satisfy additional needs or wants - provided that the location allows for it and your lifestyle has time for it.  Houses can and do change.  The land endures.

Less Than Half an Acre

Zoning regulations enable a town to manage land use and development.  A town map will identify zones.  Generally, zoning follows a logic based on historic and current use, transportation arteries, commercial districts, natural resources, the availability of public utilities, residential character, parks and topography. In Greenwich, commercial districts are centered along Greenwich Avenue, its environs, … Continue reading Less Than Half an Acre

Young Adults Living with Parents Longer

Mary Stuart Freydberg observes United States Census Burea

According to the United States Census Bureau, living arrangements have changed dramatically over the last decade. Young Adults (1834) are more likely to be living with their parents than any other arrangement. As reported in The Changing Economics and Demographics of Young Adulthood 1975 - 2016, the US Census Bureau found: More young people today … Continue reading Young Adults Living with Parents Longer

Renovations and May Closings

There are many components a prospective purchaser will consider in valuing real estate. Simplified, they include the land value and improvement value. The value of the land reflects location, size, access, neighborhood, zoning, rights (including untapped building potential or access to public utilities), topography, views and more. The value of the improvements includes the house, … Continue reading Renovations and May Closings

Seasonality of Open Houses and Showings

While many homes are advertised publicly, the public should not expect an ability to view a home at will. Sellers have absolute discretion over how and when their private home will be shown. Prospective purchasers may view a home either through an Open House or a private Showing. All Open Houses and Showings should be … Continue reading Seasonality of Open Houses and Showings

Babcock Preserve

Chipmonk in Babcock Preserve in Greenwich CT

Enriching Back Country Greenwich, Babcock Preserve is a Greenwich treasure. Located north of the Merritt Parkway, east of Lake Avenue and west of North Street, nearly 300 acres host hikers, joggers, horseback riding, picnics, cross country skiing and nature enthusiasts. Open to the public every day from sunrise to sunset, Babcock Preserve features the East … Continue reading Babcock Preserve