The above Victorian is situated in the Hillcrest Park Section of Old Greenwich. 64 Hillcrest Park is for sale for $3.495M. The pictures do not do this property justice. The house was built in 1901 and renovated in 1992. The flow of the house is very open with a meandering feel. It is stated to be 8,300 s.f. sitting on 1.11 acres of land. There are 7 bedrooms and 4.5 baths. The character of the house is what impressed me the most. It has the architectural detail of the original home, but the renovations make it feel open and lively for entertaining.
I mentioned in last week's article that the tremendous influx of inventory we are seeing in September tells us the market has not turned around yet. Until, we see an uptick in the amount of properties being sold that is comparable to the amount of new properties being listed, the market will continue to sputter. However, now that we have so much fresh inventory, it could bring buyers out. I feel it will be interesting to see where we go from here. My personal opinion is that we will start to see the pick up in February or March of 2013. There could be a flurry at the end of the year due to the Healthcare tax that will go into effect January 2013. We currently have 49 properties that are in Executed Contract, which is a good sign as there were 40 properties sold in October of 2010.
Please let me know if you would like me to provide specific information or statistics for you.
**The information on the featured property and all statistical information is from the Greenwich MLS.
**All opinions garnered from the statistics are my own
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