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Dear Jared,
Hope your Friday is going well, and you are looking forward to a great weekend. I will be hosting an open house at 212 Bedford Road in Greenwich on Sunday from 1-4 p.m. It is a beautiful Dutch Colonial style home that was built in 2006. It is on the market for 4,775,000. Below is a link, if you know anyone that is interested or is going to open houses on Sunday have them stop by and say Hi.
212 Bedford Road
We had new statistics come out which I will delve into below. Below that you will see a list of the open houses for the weekend. On the right hand side will be useful mortgage or community information. The mortgage rates have been updated as of today. If you know someone who would benefit from this information please click on "forward to a friend" on the right. If you have received this in error feel free to unsubscribe. Please contact me if you or someone you know is interested in buying or selling real estate. Also, if there is specific information you would like to see or think it would be good to add to this newsletter please send me an email.
We have updated Sale Price vs Listed Price numbers. As of April 24, 2012 the average sale price vs list price and average days on market were as follows:
Town %SP/LP AVG DOM
Riverside 94.2 133
Old Greenwich 94.1 249
Greenwich 91.3 279
Cos Cob 91.9 262
Total 92.8 225
If you recall from the last couple of weeks overall the SP vs LP is relatively the same, as of March 27, it was 92.9. However the days on Market went from 164 to 225. This tells me tat some of the places that have been stagnant for a while are being purchased. Again, demonstrating that things are starting to pick up. We are seeing the excess inventory being bought. I believe the reason whey the Average Days on Market jumped is we are seeing that the more expensive houses are starting to move. For example, in the month of March 47.4% of all the sales were under $1,000,000. Whereas, quarter to date, we are looking at the number dropping to 33.7%. In the month of March $2,000,000 and above were 23.7%, while Quarter to date we are at 33.6%.
Year to April 24, 2012 we are still currently 5.3% below the amount of properties that have sold year to April 24, 2011. However, we were approximately 11% behind at the end of February and March was stagnant. So, I believe we will see that we get above the year to date numbers from 2011 on the next report.
There were 172 new listings for single family homes and condos on the market so far in April. There were 178 properties that were either accepted offers, contingent contract, executed contract; or sold. This again showing us the inventory is being sold at the same pace it is coming on which is another positive sign.
As I was pointing out above, in all of April 2011 there were 50 properties sold, so far we have 60 sold this month. They are broken down as follows:
$0-$500K= 2 properties
$500-$1M= 28 properties
$1M-$1.5M= 7 properties
$1.5M-$2M= 4 properties
$2M-$5M= 17 properties
$5M and up= 2 properties
If you recall from last week in the month of March there were only 6 properties sold in the 2-5 Million range. So far, that range has shown a tremendous increase in deals. We have had 17 sold so far in April.
Since, April 1 we have had 60 properties executed contract (meaning all contingencies have been met, awaiting close). They were as follows:
$0-$500K= 4 properties
$500-$1M= 12 properties
$1M-$1.5M= 7 properties
$1.5M-$2M= 12 properties
$2M-$5M= 17 properties
$5M and up= 8 properties
*note executed prices are based on most current list price
The price ranges for the 62 Accepted Offers and Contingent Contractors were as follows:
$0-$500K= 4 properties
$500-$1M= 24 properties
$1M-$1.5M= 9 properties
$1.5M-$2M= 7 properties
$2M-$5M= 13 properties
$5M and up= 5 properties
**All information from Greenwich MLS
Sincerely,
Jared Randall
203-273-1034
Prudential Connecticut
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This week we have 44 open houses ranging from $275,000 to $8,990,000. Every week we see more and more houses available. The forecast calls for light rain, but then again they have said that numerous times this Spring, and I have not felt a drop. Have a great weekend.
OPEN HOUSES APRIL 29
Address Town List Price Hours Broker
1525 Putnam #101 Old Greenwich $275,000 1-4 Coldwell
102 Valley Rd #119 Greenwich $475,000 1-4 Raveis
28 Homestead Ln Greenwich $499,000 1-4 Raveis
176 Hobart Ave Greenwich $519,000 1-3 Coldwell
80 Laddins Rock Old Greenwich $599,000 1-4 Prudential
37 Richland Dr Greenwich $599,000 1-4 Raveis
193 Hamilton Ave #20 Greenwich $650,000 1-4 Raveis
28 Woods Avenue Greenwich $699,000 12-3 Raveis
9 Melrose Pl Greenwich $669,000 1-5 Weichert
12 Benders Dr Greenwich $670,000 1-4 Anderson
17 Brook Crossway Greenwich $698,000 1-4 Coldwell
25 Indian Harbor #6 Greenwich $699,000 12-3 Prudential
60 Valley Rd Cos Cob $750,000 2-4 Raveis
9 Canterbury Dr Greenwich $775,000 12-3 ****KW
11 Macarthur Dr Old Greenwich $789,500 2-4 Coldwell
33 White Birch Ln Cos Cob $874,500 1-3 *SCP
27 Pilgrim Greenwich $889,500 1-5 Weichert
41 Windsor Lane Cos Cob $925,000 1-4 Raveis
31 Scott Greenwich $949,500 1-5 Weichert
13 Pleasant St Cos Cob $950,000 2-4 Sothebys
51 Forest Ave #36 Old Greenwich $999,500 2-4 Raveis
12 Cottontail Rd Cos Cob $1,200,000 1-4 Coldwell
67 Bowman Dr Greenwich $1,245,000 2-4 Anderson
43 Long Meadow Rd Riverside $1,329,000 1-4 Coldwell
16 Heronvue Greenwich $1,349,000 1-5 Weichert
86 Lower Cross Greenwich $1,349,000 1-5 Weichert
15 Midbrook Ln Old Greenwich $1,395,000 2-4 Sothebys
25 Oval Avenue Riverside $1,675,000 2-5 Raveis
80 Porchuck Rd Greenwich $1,725,000 1-4 Coldwell
73 Summit Rd Riverside $1,875,000 1-4 Prudential
2 Marks Rd Riverside $1,900,000 1-4 Prudential 49 Pecksland Rd Greenwich $2,087,000 1-4 *SCP
7 Mulberry Ln Cos Cob $1,999,999 1-4 Raveis
75 Harding Rd Old Greenwich $2,139,000 1-4 *SCP
243 Dolphin Cove Ln Stamford $2,500,000 1-4 Prudential
191 North Street Greenwich $2,500,000 1-3 Coldwell
165 Lake Ave Greenwich $2,750,000 1-5 Weichert
61 Winding Ln Greenwich $2,975,000 2-4 Coldwell
29 Lockwood Ave Old Greenwich $3,495,000 1-4 Raveis
212 Bedford Rd Greenwich $4,775,000 1-4 Prudential
212 Taconic Rd Greenwich $4,995,000 1-4 Prudential
3 Cherry Blossom Ln Greenwich $4,995,000 1-4 Prudential
244 Byram Shore Rd Greenwich $5,495,000 2-4 Coldwell
*** 44 Upper Cross Rd
Lot 44 &35B Greenwich $8,990,000 1-4 Coldwell
**GFP=Greenwich Fine Properties
***= 44 Upper Cross Lots 44 an 35B
****= Keller Williams
*= Shore & Company |
| About Jared Randall
Whether you are new to the community or a lifetime resident of Greenwich, Jared dedicates his time and skills to best represent you. With a customized approach, Jared incorporates all of your family's needs into the process. His priority for individuals selling a home is to accentuate the unique offerings of the property that distinguish it in the marketplace and expose it to the broadest buying audience. If purchasing a new home, Jared diligently combs through inventory to find a place that is best aligned with your desires at the most competitive price. With almost two decades of experience in executive sales with Fortune 100 companies, Jared applies his fine-tuned negotiating skills to every transaction.
Jared grew up in Northern California. He spent much of his childhood in Tahoe City, a small town of picturesque Lake Tahoe. A former Sales Executive who is a graduate of Saint Mary's College, Jared has lived in San Francisco, Park Slope, New York City, and most recently in Greenwich, where he currently resides with his wife and twin boys.
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Jared Randall lives in Greenwich.
He moved to this dynamic community for the top-rated school system, the altruistic community, the friendly neighborhood coffee shop, and the cultural diversity that Greenwich embodies.
Jared Randall knows Greenwich.
The clients who work with Jared come to him for his trusted expertise in every facet of the Greenwich marketplace. His familiarity with Connecticut's Gold Coast--combined with his in-depth comprehension of the current market and shifting trends--is the knowledge he passes along to every client.
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MORTGAGE INFORMATION
The two individuals I feel most confident about when it comes to home mortgages are Jeff Ihrig of HSBC and Iliad Estrada or Ct. Home Mortgage.
Jeff's rates can be found at:
http://www.us.hsbc.com/1/2/3/personal/home-loans
Jeff can be reached at 646-372-5181.
Rates below courtesy of Iliad Estrada. She can be reached at 203-637-6202.
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30 Year Fixed Agency Jumbo
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