Online Consumption

The ease of access to listings online means consumers can view homes they cannot afford.   They have access to the interior of luxury homes they wouldn’t otherwise see. With relatively little time invested one flips through volumes of high quality digital photos of professionally designed and decorated homes. Luxurious finishings are viewed repeatedly.  It’s fun … Continue reading Online Consumption

Research Online, with Discretion

Most searches for a home start online, which makes sense. It’s convenient, informative, and efficient. I use it. I like it. I also create bespoke searches for clients so (a) as purchasers, they can see immediately listings that meet their particular needs and desires or (b) as sellers, they can see sales comparables in their … Continue reading Research Online, with Discretion

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

A Shift in the Rhythm of the Buying Process

The first quarter of 2017 primed the Greenwich residential real estate market with a Feel Good Feeling, and yet there were still mixed reports on the state of the market. If sales are up, why did it feel slow? I took a look at lockbox showings reports in Greenwich, Cos Cob, Riverside and Old Greenwich … Continue reading A Shift in the Rhythm of the Buying Process

Affordability and Original List Price

In the prior twelve months there were 604 single family home sales in Greenwich ranging from $400,000 to nearly $20 million. Sales in the entry market, below $500,000, were constrained by a lack of inventory and constituted 1.2% of homes sold. The picture changed dramatically in the $500,000 to $1.5 million range in which there … Continue reading Affordability and Original List Price

New York City and Greenwich Value

New York City echoes real estate themes found in Greenwich. Only 40 minutes apart, both markets feel the same macro trends affecting the broader area, as noted in the Sotheby's International Realty NYC Market Update for the fourth quarter: A jittery and apprehensive market characterized the final quarter of 2016 Buyer apprehension in respect of … Continue reading New York City and Greenwich Value

Election Jitters Loom Over Decision Making

Prospective home buyers may be refraining from making major investments ahead of the election. Other buyers may be delaying purchases because they are hard at work earning their year-end bonuses, need to receive the year end bonus before they can qualify for a mortgage loan or want to see how much of a down payment … Continue reading Election Jitters Loom Over Decision Making

Tapering Rental Market

The Greenwich single family rental market, unlike the sales market, exhibits strength through July and August as summer rentals and school year commencements drive timing. It begins to taper in  Autumn.  The bell curve for rentals is relatively smooth for single family rentals when looking at Greater Greenwich. which includes Greenwich, Cos Cos, Riverside and … Continue reading Tapering Rental Market