Year End Report 2018

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 Sales

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”

Third Quarter Shifts Into Higher Gear

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”

September Closings

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”

August Closings

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”

While They’ll Come Back to Visit

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”

Lamenting Housing Supply

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”

Average Property Taxes on Sold Homes

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”

Less Than Half an Acre

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”

Proceed With Care

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”

January Closings

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”

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 objectiveContinue reading “2017 Home Sale Characteristics”

2017 Greenwich Single Family Numbers

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”

The Tone of the Market 2017

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 withContinue reading “The Tone of the Market 2017”