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
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
