The above newly renovated colonial is 121 Clapboard Ridge Road in Mid Country.  I wanted to pick a property that in my opinion will move fast, so we can see the state of the market on a property that I believe is priced right.  In the coming weeks as changes happen with this property I will update all of you.  I love the detail and the renovations on the inside of the home, from the coffered ceilings to the basement.  The house sits on 2.25 acres of a beautiful lawn which ends at a small lake.  There are six bedrooms, and five and a half baths.  All of the bedrooms are ensuite.  The basement is finished with an exercise room, and another family room.  The price for this home is one dollar under $3M.

While the market seems to be moving along around the same pace as of last year on a whole, we are seeing some interesting trends over the last month.  As I will delve into deeper in the statistics section below, we have seen the $2M-$3M price range get much more competitive over the last month or so.

Thank you for those of you who have given feedback in regards to what you would like to see.  With this feedback I have made a couple of changes.  I have added links to the Open House List.  Now, if you click on the address of the Open House section it will take you to the listing.  Also, I have added rentals to the open house list.  Please do not hesitate to give feedback. 

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 information on the featured property is from the Greenwich MLS.

I discussed before that July was the best month in five years for sold properties.  As you can see by the above graph, August is the last month where there is good volume of trading traditionally.  Last year there were sixty nine properties closed in August. This year we are headed to a similar number as we currently stand at fifty four so far this month.

New Listings

We have had fifty new listings so far in August, four less than the amount of properties sold.  I believe it is important to look at supply vs. demand when analyzing this market.  So, even though we may be having a great few months in properties sold, if the amount of inventory is also consistently growing then we are continuing the same trends.  Hence, even though the amount of sold properties are growing it is important we see if the inventory is declining.  Unfortunately, that is not the case yet.

Below are all of the Greenwich Open Houses for Sunday.  As mentioned above if you click on the link it will take you to the listing.  I apologize for not having the link for 12 Baldwin Farms Road.