While the best units may be picked up during the peak season at a price, more bargains may be had in the following months.
It is Spring, and that means residential inventory for sale is typically at its peak. With potential buyers out and about, properties lush and green, and houses looking fresh and bright, it is a common time for open houses. Top that off with this year’s May calendar and it’s no surprise that there are aContinue reading “Open House Upsurge and Rental Review”
The rental market in Greater Greenwich continues a gentle four year lift in number of leases and average lease rates. In 2016 there were 808 rentals with an average lease rate of $5,500 per month. Of those leased, 45% were single family, 25% were condominiums, 15% were multi-family units, and 11% were apartments. Single familyContinue reading “Rental Market Continues Gentle Lift”
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 andContinue reading “Tapering Rental Market”