Transparency revolution, its current impact on real estate and what’s next.
There is persistent aggregate demand in Greenwich for affordable, luxury and majestic homes.
Sotheby’s International Realty Greenwich presents residential real estate year-end market highlights for Greenwich, Cos Cob, Riverside and Old Greenwich in a digital magazine: Featured in the special year-end report is magazine-worthy 138 Pecksland Road in Greenwich. Call to see my listing and admire the new kitchen, bathrooms, bedrooms, windows, carriage house and architectural detailing throughout. Continue reading “Year End Report 2018”
December is full of treats. Some expensive ones and lots of little ones. Sometimes we are ready to indulge, and sometimes we are ready to move on, start fresh in the new year. We face decisions. Buyers wonder. Does it matter that it’s just out of reach? Is it worth it? If only they wouldContinue reading “December Sales”
Household formation has long been a driver of real estate. The type of household drives the product demand. A delay in household formation of young adults temporarily suspends demand for starter single family homes and move-up rates. The Great Recession caused economic uncertainty among young adults and perhaps delayed household formation, continuing the cultural trendContinue reading “Marriage Trends”
Shifting into higher gear, during the third quarter of 2018 there was a 26% increase in the number of single family home sales as compared to the same period last year, according the Greenwich Multiple Listing Service. Do keep in mind, the road is not smooth, and changes in the pace of the market areContinue reading “Third Quarter Shifts Into Higher Gear”
While we may miss the frothy market and lament the pain that follows on resale, we have steady demand in the bulk of the Greenwich market price ranges.
Single family home closings in Greenwich, Cos Cob, Riverside and Old Greenwich, CT were mixed in September over the same period the prior year. Closings generally reflect sales that occurred 30 to 90 days prior. Some month to month volatility is expected. Compared to last September, this year: The number of single family sales wasContinue reading “September Closings”
While the best units may be picked up during the peak season at a price, more bargains may be had in the following months.
Single family home closings in Greenwich, Cos Cob, Riverside and Old Greenwich, CT were up 7% in August over the same period the prior year. Closings generally reflect sales that occurred 30 to 90 days prior. Compared to last August this year: The number of single family sales was up 7%. Sales volume was downContinue reading “August Closings”
Dropping college children off or saying goodbye at the airport isn’t easy. We’ll miss them. But we feel confident they will do well. They have had the blessing of a superior education in Greenwich. Sure the college application process was grueling, but that’s in part because there are so many highly qualified applicants from Greenwich. Continue reading “While They’ll Come Back to Visit”
Relax and enjoy your summer at your convenience in Greenwich, CT.
The RTM structure means citizens are actively involved and aware of town budget, funding, allocations and general needs.
Inspired by World Cup? Interested in owning a large level soccer field lined by a beautiful stone wall and graceful spacing of trees for shade?
Year-to-date sales volume is down 1%, with the median sales price up 5%.
Some high profile stories are retold to the point it seems seems they reflect the Greenwich market as a whole. They do not.
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 asContinue 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 appreciationContinue 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 notContinue reading “Proceed With Care”
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 toContinue 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 objectiveContinue 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 includesContinue reading “2017 Greenwich Single Family Numbers”