Greenwich CT, Residential Real Estate Blog and Analysis: June 7th
Saturday, June 8, 2013 at 10:50AM
Jared Randall
Greenwich, CT Residential Real Estate Blog and Analysis: 
June 7th
A weekly analysis brought to you by Greenwich Real Estate Guy.
191 Lake 

The above colonial is located at 191 Lake Avenue.  Touring this house, I was struck by the way the owner was able to renovate giving the home a newer feel but keeping a lot of period details that truly added to the character of the home.  I love the old doors with the keyholes imbedded in the square brass fronts.  The home is four bedrooms with 2 full baths and 2 half baths.  It is listed as 1,924 s.f. and sits on .2 of one acre of land.  Some of the renovations I mentioned include, two baths, the kitchen, along with a new compressor and A/C unit.  It is a few blocks from library, Greenwich Avenue, etc.  The listing price is $1.493M.

I want to thank a couple of you who reached out over the past two weeks in regards to some of the information you would like to see.  Based on those conversations, 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

 

list price vs sale price ytd May 07 

Neighborhood Data

 

neighborhood 05/07 

 

The inventory grew again in the past two weeks.  We have 716 properties, only six more than we did last week.  I like the numbers this week the growth in inventory seems to be in the lower price range where we need them to be and the higher price ranges inventory stayed flat.  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.

  

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

 

 

   
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Properties Sold

sold060713 

We continue to see the same trends.  29 Sold properties in the first week of June is great.  We are also seeing a lot of new properties come on the market.  

 

New Listings
newlistings060713

The $4M to $5M range had the best week going from 56 properties to 51 properties.

 

 

 

  
Year to Date Soldytdsold060713

 

 Year to date we have sold 297 properties.    As you can see when comparing to previous issues of the newsletter (you can find them at www.greenwichrealestateguy.com/blog) the $2M-$3M range grew from 12% to 14% of the total properties sold just in the past two weeks where we saw nine new properties sold.
 
 
Year to Date Available
currentavailable060713  

 

In an effort to define the different markets as a good time to buy or sale I believe one needs to look at the months on average it would take to sell through the inventory we have.  I have broken this down by June of 2012 (which is the high in my opinion) to January of 2013 (the low in my opinion) then will add each month as we come to them.   

 

I believe this shows our market the best.  

 

 

Price Range 12-Jun 1/5/13 2/1/13 2/22/13 3/22/13 4/26/13 5/31/13 6/6/13
0-$500K 6.36 4.96 5.76 5.28 5.12 4.95 5.76 6.24
$500K-$1M 7.98 3.88 4.22 4.22 4.72 5.11 5.5 5.83
$1M-$1.5M 11.48 7.22 7.34 7.1 7.22 8.2 9.3 9.67
$1.5M-$2M 10.86 7 8.55 9.06 8.68 9.44 9.19 9.57
$2M-$3M 15.27 8.64 9.72 10.2 9.96 12.24 13.8 13.44
$3M-$4M 21.82 12.4 13.77 16.22 17.55 20.88 22.66 22.44
$4M-$5M 37.33 17.5 16.5 18.5 21.5 27.5 28 25.5
$5M-$7.5M 30.92 19.4 20.47 20.47 20.82 23.64 25.76 25.76
$7.5M-$10M 57 25.84 22.15 22.15 25.84 26.76 31.38 31.38
$10M+ 40.21 36 36.85 40.28 38.57 36 38.57 38.57

 

 

 

 

 **to calculate months on average I used the full year of 2012 sold properties in each price range

Obviously the months on average were the lowest at the end of the year.  The uncertainty of the fiscal cliff, as well as the election (most properties that closed in December were negotiated before election was finalized), and uncertainty of taxes.  Not to mention if people are going to take their house off of the market they will tend to do it over the holidays.

 

 

 

 

 


Open Houses June 2nd
  
 

Enjoy the Memorial Weekend.  Below are all of the Greenwich Open Houses for Sunday.  Thank you to Rob Pulitano for sending me the list of open houses so I can add the links.  I will be at the open house for my listing 30 Montgomery, so please come by and say hi if in the area.

 

 

 

Address Town List Price Time Broker
351 Pemberwick Rd #813 Greenwich $349K 1-3 PM Keller Williams
2 Cary Road Riverside $429K 2-4 PM Coldwell Bnkr
50 Lafayette Place #3G Greenwich $449K 12:30-2:30 PM William Pitt
1465 E Putnam Ave #122 Old Greenwich $449.5K 2-4 PM Coldwell Bnkr
51 Old Kings Hwy #8 Old Greenwich $485K 1-4 PM Coldwell Bnkr
72 Putnam Park #72 Greenwich $549K 1-4 PM Weichert
21 High Street Greenwich $579K 2-4 PM Coldwell Bnkr
4 Hines Lane Riverside $599K 2-4 PM Coldwell Bnkr
27 Byram Terrace Drive Greenwich $609K 12-3 PM RAVE01
102 River West #102 Greenwich $689K 1-4 PM PRCT01
69 Richland Road #A Greenwich $699K 1-3 PM RAVE01
13 Fletcher Avenue Greenwich $699K 1-3 PM Weichert
51 Forest Ave #127 Old Greenwich $710K 2-4 PM GRFP01
75 Sheephill Road Riverside $789K 1-3 PM Coldwell Bnkr
22 Georgetowne N. #22 Greenwich $945K 1-4 PM Edwards
28 Bonwit Road Riverside $949K 1-3 PM Coldwell Bnkr
52 Sherwood Place #3 Greenwich $975K 12-3 PM ROUN01
282 Bruce Park Ave #1 Greenwich $1.039M 2-4 PM Coldwell Bnkr
35 E Lyon Farm Dr #35 Greenwich $1.095M 1-3 PM Coldwell Bnkr
107 Stanwich Road Greenwich $1.095M 1-3 PM GRFP01
47 Sachem Lane Greenwich $1.15M 2-4 PM Coldwell Bnkr
17 Davenport Ave Greenwich $1.195M 2-4 PM RAVE01
86 Lower Cross Rd Greenwich $1.199M 1-3 PM Weichert
50 Bedford Road Greenwich $1.2M 1-3 PM Coldwell Bnkr
21 Mallard Drive Greenwich $1.25M 1-4 PM Coldwell Bnkr
51 Circle Drive Greenwich $1.295M 1-3 PM Coldwell Bnkr
1050 King Street Greenwich $1.469M 2-4 PM Weichert
69 Stanwich Road Greenwich $1.475M 1-3 PM Coldwell Bnkr
70 North Street Greenwich $1.595M 1-3 PM Ogilvy
48 Orchard Street Cos Cob $1.595M 1-3 PM PRCT01
633 Steamboat Road #1 Greenwich $1.65M 1-3 PM Coldwell Bnkr
16 Manor Road Old Greenwich $1.699M 1-4 PM PRCT01
57 Hillside Drive Greenwich $1.739M 2-4 PM Coldwell Bnkr
178 Milbank Avenue Greenwich $1.75M 2-4 PM GRFP01
320 Valley Road Cos Cob $1.795M 2-4 PM Coldwell Bnkr
149 Shore Road Old Greenwich $1.995M 1-4 PM Coldwell Bnkr
164 Dolphin Cove Quay Stamford $2.065M 1-4 PM PRCT01
31 Chapel Lane Riverside $2.145M 1-3 PM SCPR01
51 Dolphin Cove Quay Stamford $2.15M 1-4 PM PRCT05
10 Boyd Lane Riverside $2.178M 1-3 PM Coldwell Bnkr
184 Shore Road Old Greenwich $2.2M 1-4 PM Coldwell Bnkr
55 Shore Road Old Greenwich $2.25M 1-3 PM Coldwell Bnkr
18 Flying Cloud Road Stamford $2.325M 1-4 PM PRCT01
182 Dolphin Cove Quay Stamford $2.375M 1-4 PM PRCT05
335 Valley Road Cos Cob $2.375M 1-4 PM RAVE01
14 Joshua Slocum Dock Stamford $2.45M 1-4 PM PRCT01
22 Welwyn Road Riverside $2.499M 2-4 PM Coldwell Bnkr
30 Sherwood Avenue Greenwich $2.85M 2-4 PM PRCT01
45 Cedar Cliff Riverside $2.895M 1-4 PM Sotheby's
187 Shore Road Old Greenwich $3.195M 1-4 PM Coldwell Bnkr
242 Dolphin Cove Quay Stamford $3.285M 1-4 PM PRCT01
240 Riverside Avenue Riverside $3.299M 1-3 PM Coldwell Bnkr
7 Middle Way Old Greenwich $3.45M 1-3 PM Coldwell Bnkr
36 Brookridge Drive Greenwich $3.475M 1-4 PM PRCT01
1076 Lake Avenue Greenwich $3.495M 2-4 PM Coldwell Bnkr
12 East Point Lane Old Greenwich $3.6M 1-4 PM RAVE01
35 Willow Road Riverside $3.695M 3-5 PM Coldwell Bnkr
1200 Lake Avenue Greenwich $3.85M 1-3 PM PRCT01
33 Ballwood Road Old Greenwich $3.895M 2-4 PM GRFP01
5 Sylvan Lane Old Greenwich $3.895M 1-3 PM RAVE01
10 Spring House Road Greenwich $3.995M 2-4 PM Coldwell Bnkr
56 Milbank Avenue #B Greenwich $4.295M 2-4 PM Coldwell Bnkr
25 Nawthorne Road Old Greenwich $4.45M 1-4 PM RAVE02

 

Mortgage Information

 

The two individuals I feel most confident about when it comes to home mortgages are Jeff Ihrig of First Republic in the city and Iliad Estrada of Connecticut Home Mortgage.

 

Jeff can be reached at 646-372-5181.

 

Rates below courtesy of Iliad Estrada.  She can be reached at 203-637-6202.

 

 

Product

Interest Rates

Annual Percentage Rate

15 YR Fixed Conforming

2.625%

2.863%

30 YR Fixed Conforming

3.625%

3.793%

30 Year Fixed Agency  Jumbo

n/a

n/a

30 YR  Fixed Jumbo

3.875%

3.999%

5/1 YR ARM Conforming

2.125%

2.789%

5/1 YR ARM Jumbo

2.125%

2.769%

10/1 YR ARM Jumbo

2.875%

2.995%


 

Article originally appeared on jaredrandall (http://www.greenwichrealestateguy.com/).
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