I toured 226 Riverside Avenue this week.  This was one of my favorite houses I have ever seen in this price point.  This farmhouse was built in 1887, and as you can see by the pictures has kept the period details.  However, it has been completely renovated.  Which creates this incredible feel of new and modern mixed with the history of the house.  Also, there is a cute garage with a studio.  In the redone kitchen there is a very cool wet bar piece.  It a great shade of green that works so well with the other pieces.  The roof, mechanicals, kitchen, baths etc are most completely new.  The house sits on .14 of an acre, has a lawn and a detached garage.  The home boasts four bedrooms, three full baths, and one half bath.  The listing also says that there are deeded water rights to Willowmere Beach and Deck.  Most importantly, is the location.  Obviously, being on Riverside Avenue, you are a couple of blocks from train and schools.  All and all a great home listed at $1.595M.

Currently, we have 604 properties on the market, continuing the trend of declining inventory over the last several weeks.  If you look at my blog from the end of September we had 656 properties, which is an 8 percent decrease in total inventory in the last month.  We continue to see the 0-$3M get more competitive while the over $3M range adds more inventory.  When looking below at the charts, I feel this shows how much better our market is this year over the same time last year.  When looking specifically at the October numbers, we had 98 new properties this year, compared to 92 new properties in October of last year.  As you can see not too much of a difference (only 6%).  However, when looking at sold, we had 49 properties sold last year in October, and have sold 68 this October, a resounding increase (38%). 

If you did not read last week's post I am still very excited to announce that I have been offered an incredible opportunity to sell real estate for Houlihan Lawrence.  I have been very impressed with the marketing capabilities of Houlihan, as well as their strategic partnerships to help ensure clients are getting their homes marketed as widely as possible.  Read an article that appeared in the Greenwich Patch last month when Houlihan Lawrence entered the marketplace; Houlihan Lawrence CT Presence.  I would be happy to discuss the benefits of Houlihan, and how I can help you buy or sale properties.  If you would like a price evaluation or set up an introductory appointment, please do not hesitate to call or email.  

Below are the Sold Price to List Price percentage for each of the four towns as well as some neighborhood data:

Sold Price vs. List Price

Neighborhood Data

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

As discussed above I believe these two charts show the difference in the market better than anything else.  We are seeing the sold properties jump up from last year.  When looking below we see that the new properties are up over previous years, but not by the same percentages as the sold.

New Listings

We had 98 new properties in October.  October is typically the last month to get properties on the market, before the market slows, which typically happens the week before Thanksgiving.  However, this does show that even though the market is vastly improving the sellers are seeing this as the opportunity to put their house on the market.