I will be traveling celebrating my 10 year Anniversary next week so will not be sending a newsletter.  Enjoy the start of summer.

The above colonial is located at 17 Candlelight Place.  This house is located in the Byram section of Greenwich.  It has water views of the Byram River and was built in 2008.  There are four bedrooms, three full baths, and two half baths.  The house is listed as 5,400 s.f. and sits on .86 of an acre.  This house has been on the market for 596 days.  However, with it being a relatively new build, having amenities such as a swimming pool, expansive deck, dock on the Byram River partial heated driveway for the winter, I imagine the sellers are motivated.  The price tag is $2.295M.

For the first time in several weeks the total inventory shrunk.  We went from 716 properties last week to 698 properties for sale this week. This is a great sign for the overall market.  I feel like this is a few weeks before we started to see inventory fall vs last year.  The biggest change was in the $2M to $3M range.  We dropped from 112 to 102 properties.  This is something we should continue to monitor.  As you know, the under $2M range has been a seller's market, where the over $2M range has been more of a buyer's market.  You can see the month on average chart above the open house list to see the difference.  I believe the frenzy under $2M has to move into the higher price ranges soon as the lack of inventory under $2M.  We may be seeing the first signs of that now. 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 have updated the Activity Report as well as the neighborhood data.  It is as of up June 4th now.  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

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 Finally we see inventory drop.  In the last week we had 18 properties sold and 20 new listings.  Most importantly, the total inventory dropped to 698 properties.  June 2011 was a spike in Sold, because of legislation, that changed the tax benefits.

New Listings

The new listings slowed a little, which helped the overall market, but we are still on pace compared to recent years.

 

 

Below are all of the Greenwich Open Houses for Sunday.  Happy Father's Day!  Thank you to Rob Pulitano for sending me the list of open houses so I can add the links.