2017 Home Sale Characteristics

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

2017 Greenwich Single Family Numbers

Annual residential single family sales in Greenwich CT

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

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

Not Enough Ribbons

Ribbons by Mary Stuart G Freydberg

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

Sleek, Slim and Scarce

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 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

Young Adults Living with Parents Longer

Mary Stuart Freydberg observes United States Census Burea

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

School Bell Time Changes

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

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