The above pictured Nantucket shingle style is located at 81 Byram Shore Road.  This house was built in 1992 and renovated in 2011.  There are incredible Long Island Sound water views from nearly every room.  My favorite room by far is the wine cellar.  They made the wine cellar in the natural setting of the home, which gives a real cellar feel as it is etched into the rock and temperature controlled.  Also, as you can see by the picture there is a putting green as well as a four season green house and a gazebo.  It is 6,242 s.f. has six bedrooms with six and one half baths.  The floor plan is open and spacious.  The listing price is $3.9M and has been on the market for seven days.  The listing agent is Robin Kencel. 

I will be hosting an open house at 212 Taconic Road.  This past week we have seen the market change.  We have had another week of the inventory growing.  We had 52 new listings came on the market this past week.  That is 102 new listings in the last two weeks.  We have 619 total properties for sale so you can see that 102 in the last two weeks is high activity.  The total inventory has increased from 598 to 619 listings.  In my opinion this more than anything shows how much the market has changed.  Even with 102 new listings in the last two weeks, the total inventory has only grown by 21.  We are starting to see by the statistics below that we are settling into a clear understanding of the market.  We are not seeing big jumps in the percentages one way or another.  When you scroll all the way down the months on average section of the newsletter it shows us that we are dealing with two different markets.  Feel free to compare the numbers of month on average, the sold by price range percentages, and new listing vs. sold numbers with previous issues atwww.greenwichrealestateguy.com/blog.

As always, if you have a house in mind you would like to see, please do not hesitate to call me.  

I would like to thank Mark Pruner for mentioning me in the Greenwich Patch.  Mark also does his own synopsis of the Greenwich Market at www.greenwichstreets.com.  I have updated the mortgage information on the bottom of the newsletter as well.

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

   

I mentioned above that this past week the market has changed.  I believe these two graphs show the change.  On the sold front we are heading for a good April.  The chart below tells the story I believe.

New Listings

When you look above we have had the same amount of new listings (inventory added) as we have had the last three years.  Hence, April is looking to be the most active April in many years.  Now with, all of this inventory being added we have only grown six percent.  Do not get me wrong six percent is a huge gain in three weeks.  However, with the amount of new inventory it could be a lot worst.  I actually expect things to slow down and see the inventory grow even more for the next two months.  Again, just my opinion

Below are all of the Greenwich Open Houses for Sunday.  It is supposed to be a beautiful day.  As you can see there are a lot of open houses; 55 in total. The first three are rentals. Thank you to Rob Pulitano for compiling the list of open houses for me each week. I will be hosting the open house at 212 Taconic Road, so feel free to stop by and say hi.