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
The 2017 Greenwich single family market was intense despite flat sales. According to the Greenwich Multiple Listing Service (MLS) 2017 single family sales compared favorably to 2016: 572 single family sales $1.47 billion in sales volume, up 16% $2.6 million average sales price, up 17% $1.8 million median sales price, up 6% Townwide Greenwich includes … Continue reading 2017 Greenwich Single Family Numbers
Stock markets around the globe rallied and real estate markets are improving across the country, but the blizzard roared in New England and along the Eastern Seaboard reminding us that growth and movement is neither guaranteed nor to be taken for granted. Sometimes, despite all the good, value, effort and success we are presented with … Continue reading The Tone of the Market 2017
With so much to do in Greenwich during the holiday season targeting all types of ages, interests and levels of engagement, I thought I would provide a sampling of some in no particular order. If you don't live here yet, come visit! See what's its like to live in a diverse community with public and … Continue reading Holiday Events in Greenwich, CT
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
Greenwich is home to a wide variety of homes, including cooperatives, condominiums, flats, townhouses, and single family homes. Greenwich apartments and townhouses tend to be conveniently located near the Post Road and I95 or along the boarder with New York. While some are in or near business districts, others may be nestled in a more … Continue reading Townhouses
Consider the $4 to $7 million price range for residential homes. Luxury, quality and privileged few come to mind for the average American. In other communities such a high price range might reflect a location in an exclusive gated community within the most desirable neighborhoods in town. One might expect few bidders. Greenwich is more … Continue reading Not Enough Ribbons
Prune Personal Possessions Before Showing Reason One: Most home searches begin online Will your home become a Favorite, a Maybe or Hidden from view? After scrolling through innumerable beautiful professional images, buyers become discerning. Sleek looks attract attention. These days a buyer's time is scarce, and having already done research online, they often direct which … Continue reading Sleek, Slim and Scarce
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
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 was … Continue reading Property Taxes: The Basics
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 major … Continue reading Treasuring Trees
September ushered in 34 single family closings townwide as compared to 57 in September of last year in Greenwich (GR), Riverside (RV), Cos Cob (CC) and Old Greenwich (OG) according to the Greenwich MLS. While the number of single family closings was down for month, the average sales price was up a considerable 54% from … Continue reading September Closings
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) are … Continue reading Flood Risk
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
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 Schools … Continue reading School Bell Time Changes
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
What is the price per bedroom in Greenwich? In order to get a current view, I looked at sales in the trailing twelve months and found the bulk of the homes sold had between three and five bedrooms. There were 566 sales and 37% of the homes sold had four bedrooms. Homes with five bedrooms … Continue reading A Peek At Bedrooms
Are you looking for a place to establish roots or raise a family and grow old? Or are you a member (or future member) of the Sandwich Generation caring for both young and old? Greenwich is blessed with excellent schools and many resources for seniors. This week I focus on seniors. The Greenwich Senior Center … Continue reading Senior Living
While long-timers may lament that Greenwich isn't what it used to be (few places are), others see Greenwich for the value and upside it offers today. Given the initial price tag, long term effort and carrying costs, land purchasers assume risk and thus hold a strong belief in upside potential. Those with the capacity to … Continue reading Land Trades Mark Optimism
There were 53 single family closings in July this year in Greenwich, which includes Greenwich, Cos Cob, Riverside and Old Greenwich, as compared to 69 in July of last year according to the Greenwich Multiple Listing Service. The average sales price ($1,985,000) was down for the month as compared to last year. That said, year … Continue reading July Closings
