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

Focusing on Closings

Symbolizes need to look through multiple lenses when analyzing real estate

Year to date there have been 712 residential sales in Greenwich, CT, up 3%.   The median price is down 3%.  Single family sales are essentially flat, and the median price is up, yes, 3%.  Steady she goes. Or not! Focusing in, November residential sales were up 55%, according to the Greenwich Multiple Listing Service.  In addition, … Continue reading Focusing on Closings

October Closings: Flat But Not Boring

October sales in Greenwich, CT were essentially flat with 40 single family homes closing this year as compared to 39 last year.  There were 14 condominium/cooperative sales, or two more than in October last year.  Year to date sales are also flat with 650 sales compared to 649 sales last year.  Single family home sales … Continue reading October Closings: Flat But Not Boring

August Closings Smile on Luxury Market

Sales volume of single family homes in Greenwich was up 31% in the month of August compared to the same period last year. Eight sales in excess of $5 million drove the average price up 49%. There were 57 single family closings in August this year as compared to 65 in August of last year … Continue reading August Closings Smile on Luxury Market

Year End Snapshot: No Bonus

Greenwich sold 573 single family homes in 2016 for a total volume of $1.26 billion. The average single family home sold for $2.2 million and the median sales price was $1.7 million. Overall the number of sales was down 5% and with more affordable homes outpacing luxury home sales volume was down 13% over 2015 … Continue reading Year End Snapshot: No Bonus

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

September Sales

In September, Greater Greenwich, which includes Greenwich, Cos Cob, Riverside and Old Greenwich, closed on nearly $147 million worth of residential property. The 72 closings in September was just shy of the 76 closings in the prior year and included 56 single family homes, 14 condominiums and 2 cooperatives. The average single family home sold … Continue reading September Sales