Urban Use

The 10 most productive metropolitan areas contribute to about 40 percent of U.S. gross domestic product according research by Bloomberg. Four in five Americans live, work and play within just 3.6 percent of the 1.9 billion acres of land in the 48 contiguous states. The land in and near the major metropolitan cities are indeedContinue reading “Urban Use”

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 trendContinue reading “Marriage Trends”

Broker Open Houses

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

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”

Property Taxes: The Basics

Property taxes in the Town of Greenwich are ad valorum, or value add.  The Assessor’s office determines market value each year as of October 1st and then calculates assessed value as 70% of market value.  By state law, every real estate property is revalued at least every five years.  The most recent town revaluation wasContinue reading “Property Taxes: The Basics”

Treasuring Trees

At this time of year we often look forward to the leaves changing and the accompanying array of blazing colors.  It wouldn’t be Autumn without the yield of green to orange, squirrels rushing to gather nuts and the sound of leaves blowing in the wind or crushing beneath a step. Trees can be a majorContinue reading “Treasuring Trees”

Flood Risk

According to the Federal Emergency Management Agency (FEMA) floods are the nation’s most common and costly natural disaster. More than 20% of flood claims come from properties outside the high risk flood zone. FEMA maintains risks assessments in cooperation with local communities and publishes Flood Insurance Rate Maps (FIRM). Special Flood Hazard Areas (SFHA) areContinue reading “Flood Risk”

Young Adults Living with Parents Longer

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 todayContinue reading “Young Adults Living with Parents Longer”

School Bell Time Changes

At the start of each school year I write a weekly touching on highlights for prospective buyers.  The most sweeping change this year is the later school start times.  Greenwich High School now starts at 8:30AM and dismisses at 3:15PM.  Western, Central and Eastern Middle Schools start at 8:00AM and end at 2:50PM.  Elementary SchoolsContinue reading “School Bell Time Changes”

Great Captain’s Island

One of the many things I love about living in Greenwich, CT is the variety of parks, beautiful beaches and access to the water. One of the gems is Great Captain’s Island. Located 1.5 miles off the Greenwich shoreline in the Long Island Sound, Great Captain’s Island features 17 acres of recreational and conservation landContinue reading “Great Captain’s Island”

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”

Evolution

Evolution: Watch Us Grow and Change With You Enjoy watching the video by clicking the link above and maximizing the screen view. Open Houses: March 25, 2017 Open Houses (click link)* If you know someone considering a move, then insist they speak to me to prepare! A lack of preparation costs money. Warmly, Mary-Stuart GContinue reading “Evolution”

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 beContinue reading “Seasonality of Open Houses and Showings”

Babcock Preserve

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 EastContinue reading “Babcock Preserve”