Greenwich, CT Residential Real Estate Blog and Analysis: November 21st

Greenwich, CT Residential Real Estate Blog and Analysis:    November 21st

A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

The open house list has been updated for this week.  Please click on the above picture to see a video of the home at 8 Seagate Road in Riverside.  This home has one of the most beautiful views of any I have seen.  The 190 degree panoramic view of Old Greewich, the Sound, to Manhattan in the distance is breathtaking.  The walkout to Elias Point just adds to the scenery.  The home sits up high so has not been affected by any storm.  The Harbor Point Association adds to the privacy and quaintness of the location.  Yet, you are on the water in Riverside, close to everything.  The home contains five bedrooms, five baths, and two fireplaces.  It sits on 1.01 acres and has 6,534 s.f.  

There are 628 current properties for sale in all of Greenwich.

I have also included a link to the 3rd Quarter Market Report my firm puts out for your review.

3rd Quarter Market Report

 You will be able to review the charts in detail below.  Quick synopsis is that we are down 9% in transactions vs. the same time last year.  Median prices are up 12.5%.  Inventory is up 2.8%, yet pendings are up 6.5%.  

I would like to take a minute to thank everyone.  We just ended the third quarter.  There are over 1,120 Realtors in Greenwich and when counting my private sales I ranked 12th in gross volume for the third quarter.  I truly appreciate everyone who takes the time to read and follow this blog as well as those of you who have used me and continue to tell your friends about me.  Thank you.  The charts are as of end of Q3, the open house list has been updated. 

 I have invested in my own MLS Search for my readers.  This will give access to a lot of the listing information I have.  Also, if I have already set you up with your personal portal, you will now be able to search your own searches outside of what I set up for you.  Feel free to test out and search properties.  I feel the best attribute is that you can save your own search and choose to get alerts as new properties come on to the market, properties are sold, or change in price.  All specific to your customized search.  Hence, you will speed up your learning curve, becoming an expert in the specific market you care about.

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

Properties Sold

 

When looking above you can see that April through July are what really hurt us this year.  The beginning of the year and the last couple of months have held up very well.  Unfortunately, April through July is the busiest part of the year.

New Listings

We had 87 new listings in October.  This is a little less than the past two years.

Year to Date Sold

The percentages have leveled off and are sustaining, all percentages are the same vs. the end of last month.

 

Year to Date Available

  

Open Houses for November 23rd       Below are the 49 open houses this weekend.  I imagine this is one of the last big weekends for open houses, as the inventory tends to shrink from Thanksgiving to February. Street Name Area List Price Time Listing Office 48 Rodwell Avenue #A Greenwich $4K 1-3 p.m. Raveis 12 Lockwood Drive Old Greenwich $5.35K 1-3 p.m. Weichert 9 River Road #409 Cos Cob $429.5K 1-3 p.m. Sotheby's 48 Rodwell Avenue #A Greenwich $639K 1-3 p.m. Raveis 13 Fletcher Avenue Greenwich $650K 2-4 p.m. Weichert 303 Bruce Park Greenwich $699K 12-3 p.m. Weichert 47 Lafayette Place #4E Greenwich $715K 1-3 p.m. Sotheby's 69 Riverdale Avenue #205 Greenwich $849.5K 1-3 p.m. Sotheby's 23 Center Drive Old Greenwich $1.095M 12-2 p.m. Halstead 285 Bruce Park #A Greenwich $1.195M 1-3 p.m. Weichert 285 Bruce Park #B Greenwich $1.195M 1-3 p.m. Weichert 28 Hollow Wood Lane Greenwich $1.249M 1-4 p.m. BHHS 12 Lockwood Drive Old Greenwich $1.295M 1-3 p.m. Weichert 233 Milbank #8 Greenwich $1.795M 12-4p.m. Houlihan Lawrence 11 Circle Drive Greenwich $1.95M 1-4 p.m. BHHS 55 Shore Road Old Greenwich $1.999M 1-3 p.m. Weichert 7 North Street Greenwich $2.195M 1-3 p.m. Sotheby's 21 Martin Dale Greenwich $2.195M 2-4 p.m. Houlihan Lawrence 88 Dingletown Road Greenwich $2.395M 1-3 p.m. William Pitt 34 Hearthstone Drive Riverside $2.4M 1-4 p.m. BHHS 420 North Street Greenwich $2.795M 1-4 p.m. Sotheby's 50 Lockwood Avenue Old Greenwich $3.495M 10:30-12:30 Raveis 15 Lexington Avenue Greenwich $3.695M 12-2 p.m. Coldwell Banker 57 Gilliam Lane Riverside $3.695M 1-3 p.m. Sotheby's 154 North Street Greenwich $3.825M 1-4 p.m. New England Land 38 Bramble Lane Riverside $3.895M 1-4 p.m. BHHS 70 Sherwood Avenue Greenwich $3.975M 10-4 p.m. Charles Paternina 21 Walsh Lane Greenwich $4.295M 1-4 p.m. BHHS 22 Stillman Lane Greenwich $4.995M 1-3 p.m. Coldwell Banker   Best,                                                                                                                                                         Jared Randall                                                 Join my Mailing List Houlihan Lawrence Greenwich                     Search Properties www.greenwichrealestateguy.com                Forward to a Friend cell:  203-273-1034                                         View My Website email:  jrandall@houlihanlawrence.com     Like me on Facebook

Mortgage Information There are two individuals I feel most confident about when it comes to home mortgages.  One in Manhattan and one in Greenwich.  They are Jeff Ihrig of First Republic in Manhattan, and in Greenwich I prefer Treena David-Chirico of Wells Fargo NMLSR ID 404288. Jeff can be reached at 646-372-5181.  Treena's phone number is 203-618-3923.  You can go to her website to input your specific information to receive rates.  Her website is www.wfhm.com/treena-david-chirico.