Happy Mother's Day.  I have spent the weekend preparing my wife an 18 course meal, so this week the analysis is the same as last week :)  Due to Mother's Day there are only three open houses this week. They have been updated below.  Enjoy your family.

The house I chose to feature this week is not just my favorite house of all of the properties I toured this week.  This is one of my favorites I have seen in months.  The above traditional shingle style home is located at 1 Brookside Park.  The location itself is second to none.  It is a few blocks to the grocery store, the library (which has phenomenal exhibits and events for children), and of course Greenwich Avenue.  The house was built in 2006, and sits on 1.23 acres.  There is a beautiful brook that runs through through the back yard which adds to the serenity of the yard.  With the backyard landscaping, the brook, and the serenity, it is difficult to believe you are just a block and a half from Putnam Avenue.  There are five bedrooms and 6 and one half baths.  The house has four fireplaces, plus a nice nook of a wine room, with a great flow throughout the house.  Personally the oversized lot, the closeness to town, the way the inside of the house was done, and the beautiful surroundings make it a top choice.  The price is $3.795M.

The inventory grew again this week adding nine properties.  We had 51 new listings compared to 20 sold properties.  When looking at the charts below you will see we had an incredible April in the amount of sold properties compared to the previous three years.  We also had more new listings than the previous three years.  Hence, we have more inventory and more sales.  My opinion is it is a great sign we are outpacing last year, but that the market has not completely changed as inventory is still growing.  I believe the Months on average chart in the bottom of the newsletter is the best indicator of the market.  Last week the under $2M inventory stay flat, while the $2-$4M grew seven properties.  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.

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

   

Notice the purple bar for April.  That is by far the biggest up tick in one month sold properties over prior years since December.  Personally, with December being so strong because of the political and tax uncertainties, I anticipated us to see a slow down in the first part of the year.  However, we saw the first quarter flat and are off to a huge second quarter.

New Listings

We have to balance the sold properties with the inventory.  I believe the true indicator of the market will always come down to supply vs. the demand.  So, even though we have had incredible sold activity it does not mean it is a seller's market.  It means that the buyers are coming out and deals are being done.  

Below are all of the Greenwich Open Houses for Sunday.  Thank you to Rob Pulitano for compiling the list of open houses for me each week.  Happy Mother's Day, Enjoy your family.