The beautiful home pictured above is 126 Parsonage.  I have discussed in previous weeks that I am a fan of this street.  It balances mid-country lot and home size with a proximity to town. This 5,546 s.f. home sits on 1.4 acres.  If you take a look at the link above, you will see the beautiful patio with the outdoor fireplace that opens onto a spacious deck.  It boasts 5 bedrooms and 4.5 baths.  The kitchen is pristine and open.  And also of note, there is a basement yet to be finished-so there's opportunity to add to the value and square footage.  As far as price, the property was listed for sale in February of 2011 for $4.975M and the price steadily dropped until it hit $4.325M in September of 2011, and subsequently was taken off of the market in February of 2012.  It just came back on two weeks ago with a different Listing Broker. It is listed at $4.25M which in my opinion is a good starting point for this property.

As you will be see by looking below we may be seeing a trend of the more expensive markets starting to see some movement.  For a few weeks now, we have seen the higher end properties close.  This week continues the trend, as four of the nineteen properties sold were over $3M or 21%.  Year to date over $3M has only accounted for 16%.  

This Sunday I will be doing an open house at 65 Lockwood Lane in Riverside. I believe this is a great value located in a cul de sac within walking distance to schools and train. This could be used as an investment property or a residence.  It has an updated kitchen, and backs up to Eastern Middle School field.  The owner's children could walk to school out of the backyard and never walk along a street.

The highest compliment I can receive is the referral of someone you know who is looking to buy or sell their home. Call me with their name and number so I can give them the first class service they deserve.

   

The I have mentioned that the spike in June of 2011's sold properties were due to a conveyance tax.  Hence, we need to look at June and July together, and possibly even August.  This week we passed last July's sold properties numbers.  We have sold 67 properties month to date where we had sold 61 last year.  Together for June and July we have sold 157 this year, with last year at 181 properties sold.  In the last week we had a strong week selling 18 properties.  My guess is when July ends and we look at June and July of 2011 vs. 2012 we will be about ten percent behind.  A more positive sign than what it was looking like just a week ago.

New Listings

 

 

Month to date we have 62 new listings.  July of 2011 there were 61 new listings.  We will obviously outpace that with a few more days left in July.  However, the positive being that we have sold 7.5% more than the new listings month to date.  This is the first month we have seen that trend, it will be interesting to see if it holds.  September is usually when the market picks back up.  Not to mention with the new Affordable Health Care taxes I wonder if people will try to sell their house before the end of the year to save the 3.8% tax.

 Once again, I will be at 65 Lockwood Lane again this week.  There is a house kitty corner at 68 Lockwood Road that has an open house as well.  So, if you see it come by and say hi.  Below are all of the Greenwich Open Houses. Enjoy your week.