We are three generations of women living together in Greenwich, and we all feel so fortunate to be a part of this very special community!
In April, single family home closings were predominantly location in the North Street Elementary School district, showing a continuing preference for Central Greenwich, CT.
Clearly some Sections have a deeper bench in terms of inventory to choose from but keep in mind that available inventory should not be used in isolation as an indicator of sales or demand.
It's often repeated in major metro areas and elsewhere throughout the country: Housing supply is not meeting housing demand in terms of price, condition and location. To be sure, national trends do not always apply to high end markets like Greenwich, New York, San Francisco and Los Angeles. But large scale demographic trends, such as … Continue reading Lamenting Housing Supply
In an ongoing analysis of of the heavy load of property taxes in the metro area, we can all appreciate that while neighboring towns have effective limits on the value of a home given exorbitant taxes, Greenwich can attract: purchasers reluctant to commit to a heavy and ongoing tax load investors who want home appreciation … Continue reading Average Property Taxes on Sold Homes
With taxes on the mind, it's no wonder Greenwich is seeing increased inquiry from New York residents.
The number of rentals continues to exceed the number of sales as overall activity increases in Greenwich, CT.
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
It's too soon to tell. Year to date analysis doesn't make much sense. The Spring market just started. Will the market take off? Progress slowly? Yield to other concerns? Or will it stick it's neck out and make others pay attention! We are not sure yet. Sellers need to protect their assets and not … Continue reading Proceed With Care
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
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
We can't blame the weather. To be sure, in January it was bitter cold for days and days, and there was the onslaught of the January 2018 bomb cyclone blizzard, and so prospective purchasers weren't as excited about or able to go touring around from house to house in order to decide which one to … Continue reading January Closings
What are some of the typical characteristics of single family homes that sold in Greenwich in 2017? Average Bedrooms: 4.5 Average Square Feet: 4,200 Average Full Baths: 3.5 Average Half Baths: 1.0 Average Fireplaces: 2.0 Average Garages: 2.1 Average Acres: 1.45 Clearly, real estate is not a commodity valued solely by a handful of objective … Continue reading 2017 Home Sale Characteristics
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
Remaining Months of Inventory: Use with Caution In the midst of the peak selling season, I take a look at the active inventory and compare it to sales. Noting the average monthly sales pace as compared to the current inventory gives us the estimated remaining months of inventory. To illustrate, if there were 24 sales … Continue reading Remaining Months of Inventory
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 G … Continue reading Evolution
The condominium market in Greater Greenwich is larger and more diverse than many realize. In 2016 condominiums constituted over 20% of the number of sales and 10.5% of the sales volume. Over 70% of the condominium market was in Central Greenwich with Old Greenwich contributing 14% of the sales. The average sales price in 2016 … Continue reading Condominiums Correct on Long Term Growth
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
The 25 single family homes that closed in November in Townwide Greenwich, CT had an average sales price of nearly $1.9 million and a median sales price of $1.5 million. New listings were flat in November with 39 new listings this year as compared to 38 last year. Five of the nine sales in November … Continue reading Pending Precautions
Cos Cob, CT is enjoying improved sales this year. With 75 sales year-to-date as compared to 59 sales as of this time last year, Cos Cob enjoys a 27% increase in the number of sales and a 21% increase in volume. The median sales price is off slightly to $1.15 million. With 57 homes on … Continue reading Cos Cob: Active and Improving