Greenwich, CT Residential Real Estate Blog and Analysis: October 9th
Friday, October 9, 2015 at 1:07PM
Jared Randall
 
Greenwich, CT Residential Real Estate Blog and Analysis:  
October 9th-11th
A weekly analysis brought to you by Greenwich Real Estate Guy.
Dear Greenwich,
I will be going out of town this weekend, so this will be a quick blog.  Featured is 25 Lockwood Avenue in Old Greenwich.  There are not a lot of times where there is new construction south of the village in Old Greenwich.  Close to village, school and beach.  What I enjoyed the most was that the finishes were not the typical finishes you have in a new construction.  For example, there are wood ceiling beams, antique wooden doors, wine cellar made out of brick in the lower level, as well as the light fixtures.  It just had a very unique feel that was refreshing to see a new construction not feel as cookie cutter.  The house is listed as 5001 s.f., sits on .38 acres.  The lower level is not included in the square footage.  Aside from the uniqueness I mentioned, I enjoyed the patio, the kitchen, and the most spacious master closet I have ever seen.  The home is listed at $4.195M.  For those of you interested in touring sending me a note and I can set up a showing for you, or there is an open house this Sunday from 2-4 p.m.
 
There are currently 735 properties for sale in Greenwich up fifteen from last week.  The charts are updated as of August.  I have invested in my own MLS portal for individuals to set up their own custom searches.  This way people can follow their specific search by area, school, price point, lot size, s.f. etc.  Feel free to search properties.  For a customized search click the gray arrows and you can edit the fields.  For example, it is currently populated with all properties clicked.  You can just click Residential then click type, area, and price range, and you can see what is available in your specific price range. After you have narrowed the search to your liking you can click "save this search" and you can set up your own portal, and receive emails as new properties come available.  You can even track your favorites, and add notes or messages about properties.  Or, you can just email me our parameters and I can set up a portal for you.
August Reports

 
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

 

We have 704 available properties in Greenwich today.  We have sold 606 properties year to date.  There were 88 properties sold in Greenwich last month which is on target vs the last few years.

 

New Listings

We had 61 new listings in Greenwich in August, which is also in line with the last few year's numbers.
 Year to Date Sold
Looking at these two graphs as well as the months on average can really guide you on the markets in your price range.  As you can see the markets are a lot more competitive under $2M than over.
 
Year to Date Available
  
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.  The first chart is the 2014 inventory vs. sold numbers.  The second chart is inventory today vs. sold properties.  
  
 
Price Range 1/31/14 2/28/14 3/28/14 4/25/14 5/16/14 7/31/14 12/31/14
0-$500K 10.2 6.0 7.0 6.1 5.5 5.6 3
$500K-$1M 9.7 8.6 9.0 8.7 8.6 5.2 3.7
$1M-$1.5M 5.5 9.5 8.9 10.3 7.8 6.4 4.4
$1.5M-$2M 8 14.5 13.6 18.4 17.8 11 6.7
$2M-$3M 4.7 9.2 11.6 14.3 14.2 11.1 7
$3M-$4M 11 13.1 11.8 14.2 14.5 10.4 9
$4M-$5M 11.9 8.9 13.1 14.4 22.1 17.7 18.4
$5M-$7.5M 20.7 32.0 39.5 59 56.6 32 25.1
$7.5M-$10M n/a n/a 71.5 51 31.5 59.5 21.6
$10M+ 22.4 27.2 42.0 22.7 33.8 29.9 35.2
Price Range 2/28/15 3/30/15 4/30/15 5/31/15 6/30/15 7/31/15 9/21/15
0-$500K 4.5 4 9.6 9.6 5.4 5.3 4.1
$500K-$1M 6.3 4.2 7.5 8.6 7.4 6.8 5.3
$1M-$1.5M 4.8 4.5 6 5.5 4 3.3 4.5
$1.5M-$2M 6.9 7 8.8 8.1 6.5 5.8 8
$2M-$3M 10.1 8 14 15 11.6 11.6 11.1
$3M-$4M 31 20.5 25.5 25.3 16.2 13.1 24.3
$4M-$5M 54.3 26.6 30.3 27.3 17.2 15.5 23.6
$5M-$7.5M 49.1 30.2 34.6 31.7 23.8 20.9 30.2
$7.5M-$10M 20.4 36 31.3 36.4 49.6 47 37.7
$10M+ 41.7 76.5 80.5 86 103.1 120.8

78

 
 
Open Houses for October 13th
  
Below are the 60 open houses for Sunday.  
Street Name Area List Price Time Listing Office
29 Division Street #3 Greenwich $449K 2-4 p.m. Halstead
47 Lafayette Place #4C Greenwich $478K 2-4 p.m. BHHS
119 Spruce Street Greenwich $565K 2-4 p.m. Douglas Elliman
302 River Run Greenwich $648K 1-4 p.m. BHHS
30 Nicholas Avenue Greenwich $675K 1-3 p.m. Sotheby's
12 Manor Road Old Greenwich $925K 1-3 p.m. Coldwell Banker
131 Havemeyer Place Greenwich $1.35M 2-4 p.m. Houlihan Lawrence
28 Revere Road Riverside $1.449M 2-4 p.m. Houlihan Lawrence
48 Davenport Avenue Greenwich $1.5M 1-3 p.m. Coldwell Banker
70 Bedford Road Greenwich $1.625M 1-3 p.m. Coldwell Banker
365 Round Hill Road Greenwich $1.695M 1-4 p.m. Davenport
29 Coventry Lane Riverside $1.749M 1:30-3:30 p.m. Coldwell Banker
4 Rainbow Drive Riverside $1.75M 2-4 p.m. Raveis
155 Stanwich Road Greenwich $1.845M 1-3 p.m. BHHS
2 Finney Knoll Riverside $1.895M 1-3 p.m. Houlihan Lawrence
65 Overlook Drive Greenwich $1.899M 1-3 p.m. Sotheby's
24 Nutmeg Drive Greenwich $1.995M 1-3 p.m. BHHS
38 Lockwood Lane Riverside $1.9995M 1-4 p.m. Sotheby's
10 Park Avenue Old Greenwich $1.9995M 4-6:30 p.m. Coldwell Banker
280 Riversville Road Greenwich $2.1M 2-4 p.m. Coldwell Banker
11 Pintail Lane Greenwich $2.15M 1-3 p.m. Houlihan Lawrence
39 Midbrook Lane Old Greenwich $2.395M 1:30-4 p.m. Raveis
57 Gregory Road Cos Cob $2.395M 1-3 p.m. Houlihan Lawrence
39 Indian Harbor #A Greenwich $2.45M 1-? p.m. Douglas Elliman
53 Lockwood Avenue Old Greenwich $2.45M 1-3 p.m. Sotheby's
6 Elizabeth Lane Riverside $2.495M 2-4 p.m. Coldwell Banker
97 Shore Road Old Greenwich $2.85M 1-3 p.m. Houlihan Lawrence
16 Copper Beech Greenwich $2.9M 1-4 p.m. BHHS
8 Willow Road Riverside $3.595M 2-4 p.m. Houlihan Lawrence
14 Lockwood Avenue Old Greenwich $3.595M 2-4 p.m. Houlihan Lawrence
98 North Street Greenwich $3.75M 2-5 p.m. Coldwell Banker
56 Milbank Avenue #2 Greenwich $3.895M 2-4 p.m. Coldwell Banker
25 Lockwood Avenue Old Greenwich $4.195M 2-4 p.m. Houlihan Lawrence
19 Shoal Point Riverside $4.325M 11-2 p.m. Coldwell Banker
35 Winding Lane Greenwich $6.995M 2-4 p.m. Coldwell Banker
15 Andrews Road Greenwich $8.77M 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.

 

 

Article originally appeared on jaredrandall (http://www.greenwichrealestateguy.com/).
See website for complete article licensing information.