The above Shore Colonial is located at 44 Winthrop Drive in Riverside.  This brand new build sits on .4 of an acre is listed as a 5 bedroom, five bath and two half baths, with 7,359 s.f.   When touring this house I was struck with the beautiful dark brown wood floors, the impressive fire places, and the open space.  Winthrop is a cul de sac in a great neighborhood.  The listing price is $4,195,000.

In the last two weeks, we continue to see the same trend.  We had fifteen new listings and ten properties that  sold.  The surprising aspect about the numbers over the last two weeks, is the amount of highly priced properties closing.  In the last two weeks seven of the ten properties that sold were over $2M.  Four of those over $5M and two of those over $10M. Several weeks ago I mentioned that we may see a flurry in the higher priced properties before the end of the year to save the 3.6% transfer tax that begins January 2013.  This could be the start of that movement. 

As always, if you have a house in mind you would like to see, please do not hesitate to call me.  I would also like to thank Mark Pruner for mentioning me in the Greenwich Patch.  Mark also does his own synopsis of the Greenwich Market at www.greenwichstreets.com.  I have updated the mortgage information on the bottom of the newsletter as well.

Please let me know if you would like me to provide customized information or statistics for you based on your criteria.

 **The information on the featured property and all statistical information is from the Greenwich MLS.

 **All opinions garnered from the statistics are my own

I believe these two graphs sum up the market perfectly.  If one is just looking at sold properties over the last few years they will continue to see that our numbers are outpacing the last two years.  However, when you look below you see that the new properties are also outpacing prior years. You will see above that November started off the same as October ended with the New Listings out pacing the properties that have sold.

New Listings

As you can see by both charts above we are seeing the amount of sold properties increase.  However, we continually see the new listings increase as well.  Hence, we are not eating into the excess inventory even though the sold properties are increasing.

Below are all of the Greenwich Open Houses for Sunday.  If you click on the link it will take you to the listing.  It should be a beautiful Sunday, so enjoy.  The first three on the list are for rent.