Dear Jared 

The above pictured colonial is located at 65 Lockwood Lane.  I thought this would be a good house to feature as it will show the difference in the market.  I am not sure if you remember but this house was on the market previously.  There was a small creek (mostly dry) that ran through the backyard.  This could be a concern for families.  So, the owner installed this nice fence and put it back on the market.  Previously, it was on for $1.895M and lowered a couple of times until it was withdrawn at $1.695M.  They installed this fence, did some landscaping, and added over twenty trees and have re-listed at $1.725M.  I personally love the fence and makes the house feel a lot more safe.  It backs up to the Riverside school so I could envision kids playing in the backyard then just continue on to the ball fields of the school.  I feel little things like adding a fence and trees can go a long way to making a house more desirable.  We shall see how it helps in this case.

Another week of inventory growing.  Last week we had 44 new listings, this week we had 49.  That compares with 8 properties that sold last week.  Our total inventory grew from 637 to 655.  As you will notice in the charts below, the positive is even though new inventory is growing we surpassed the sold properties in April over the last four years.  Even though inventory is growing, we are still seeing the under $1M market sizzle, and the $1M-$2M market is still hot.  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 at www.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

   

We have a few more days of April and have officially had more sales this April than the past four.  All in all good signs for the overall market.  Yes, inventory is growing but the market is more active than in recent years.

New Listings

I mentioned last week I expected things to slow down and inventory continue to be added.  As you see, the new listings are passing recent years as well.  So we have more inventory and more buyers than we have in the past.

Below are all of the Greenwich Open Houses for Sunday.  The first three are rentals. Thank you to Rob Pulitano for compiling the list of open houses for me each week.  1050 King Street will be having an open house.  However, it has not come on the market as of yet, so I cannot do a link.  Enjoy.