Marriage Trends

Mary Stuart Freydberg of Sotheby's International Realty Share U.S. Census data on marriage trends

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 trend … Continue reading Marriage Trends

September Closings

138 Pecksland Road Greenwich listed by Mary Stuart Freydberg

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 was … Continue reading September 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

The Land is Fundamental

Greenwich CT Land Cover

No doubt an updated home with current floorplan is desirable.  And yet, that same house in different locations will have variable lifestyles.  And a similar lifestyle can be found in three very different houses within a few blocks of each other.  A house can be transformed to satisfy additional needs or wants - provided that the location allows for it and your lifestyle has time for it.  Houses can and do change.  The land endures.

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 appreciation … Continue reading Average Property Taxes on Sold Homes