Greenwich CT, Residential Real Estate Blog and Analysis: May 15th

Greenwich, CT Residential Real Estate Blog and Analysis:   May 15th A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

All charts, graphs, analysis, and of course open house list with links have been updated.  Also, attached is the greater Greenwich report for April that Houlihan Lawrence puts out.  If, you would like to be added to receive the Greater Greenwich (all of Greenwich), or the town reports for Greenwich, Cos Cob, Riverside, or Old Greenwich, send me a quick note and I can set you up.  Also, I would be happy to run any customized analysis for you. Pictured above is 21 Byfield Lane.  This 6,136 s.f. home sits on two acres in mid country on a private cul-de-sac.  A great location with privacy that includes a great patio for entertaining.  The living room overlooks the heated pool as well as the lake with a great gazebo and lakeside dock.  There is a great entertainment room with fireplace that serves the pool area.  The master suite has a fireplace and great views from the room, with an incredible master bath.  Lastly, it has a four car garage and generator.  The house has been on the market 11 days and is priced at $3.15M. I have included a link to the 1st Quarter Market Report my firm puts out for your review. 1st Quarter Report Here is a link to the Greater Greenwich April report: April Greater Greenwich Report     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   As you can see we are trending close to last year's sold numbers.  In April 59 properties sold this year vs. 57 last year. New Listings We had 157 new properties listed in Greenwich in April which is always the biggest month of new listings.  However, it is down from last years totals. Year to Date Sold The value in these two charts are comparing the market of what is available vs. what has sold.  These two graphs really break down the competition in the price ranges.  For example, $0-$2M is 63% of the sold properties ytd.  Yet, the inventory of 0-$2M is only 35% of the total inventory on the market.     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 0-$500K 4.5 4 9.6 $500K-$1M 6.3 4.2 7.5 $1M-$1.5M 4.8 4.5 6 $1.5M-$2M 6.9 7 8.8 $2M-$3M 10.1 8 14 $3M-$4M 31 20.5 25.5 $4M-$5M 54.3 26.6 30.3 $5M-$7.5M 49.1 30.2 34.6 $7.5M-$10M 20.4 36 31.3 $10M+ 41.7 76.5 80.5 Looking at these two charts really shows the market and the difference between last year.  The numbers typically go up in April, as that is the month that the most amount of inventory hits the market.  It is interesting to see this year's  Open Houses for May 17th    Below are the 63 Open Houses this Sunday.   Street Name Area List Price Time Listing Office 13 Hickory Drive Greenwich $4.2K 1-4 p.m. Raveis 7 Brookside Park Old Greenwich $5.7K 12-3 p.m. RE/MAX 1465 Putnam #119 Old Greenwich $430K 1-3 p.m. Raveis 147 Putnam Park Greenwich $500K 2-4 p.m. Raveis 57 View Street Greenwich $579K 1-4 p.m. Raveis 30 Almira Drive Greenwich $595K 2-4 p.m. Raveis 30 Edgewood #A Greenwich $600K 1-3 p.m. Coldwell Banker 36 Francis Lane Greenwich $619K 1-3 p.m. Douglas Elliman 30 Edgewood #B Greenwich $625K 1-3 p.m. Coldwell Banker 7 River Road #304 Cos Cob $648K 1-3 p.m. Coldwell Banker 69 Sheephill Road Riverside $678K 2-4 p.m. Houlihan Lawrence 20 Morgan Avenue Greenwich $699K 1-4 p.m. BHHS 351 Pemberwick #101 Greenwich $719K 2-4 p.m. Raveis 6 Caroline Farms #4 Cos Cob $735K 2-4 p.m. Douglas Elliman 70 Riverdale #1001 Greenwich $789K 1-3 p.m. Houlihan Lawrence 7 Brookside Park Old Greenwich $865K 12-3 p.m. RE/MAX 52 Butler Street Cos Cob $875K 1-3 p.m. Coldwell Banker 63 Indian Harbor #6 Greenwich $875K 2-4 p.m. Coldwell Banker 13 Hickory Drive Greenwich $880K 1-4 p.m. Raveis 42 Ridge Street Cos Cob $935K 1-3 p.m. Raveis 2 Sheldrake Road Greenwich $1.096M 1-4 p.m. BHHS 84 Cognewaugh Road Cos Cob $1.179M 1-4 p.m. BHHS 31 Orchard Street Cos Cob $1.2M 1-3 p.m. Houlihan Lawrence 30 Edgewood Greenwich $1.225M 1-3 p.m. Coldwell Banker 15 Stone Brook Cos Cob $1.35M 1-4 p.m. Weichert 41 Leonard Avenue Riverside $1.395M 1-4 p.m. Sotheby's 7 Cottontail Road Cos Cob $1.425M 2-4 p.m. Sotheby's 30 Stag Lane Greenwich $1.499M 1-3:30 p.m. Real Living 365 Round Hill Greenwich $1.695M 1-3 p.m. Davenport 3 Whitney Drive Greenwich $1.75M 1-3 p.m. Raveis 15 Fairgreen Lane Old Greenwich $1.795M 12-2 p.m. Houlihan Lawrence 29 Coventry Lane Riverside $1.895M 1-3 p.m. Coldwell Banker 83 Summit Road Riverside $1.925M 1-4 p.m. Raveis 37 Mianus View Cos Cob $1.975M 1-4 p.m. BHHS 40 Forest Avenue Old Greenwich $2.15M 1-4 p.m. Coldwell Banker 2 Grimes Road Old Greenwich $2.175M 2-4 p.m. Houlihan Lawrence 324 Palmer Hill Road Riverside $2.195M 1-3 p.m. Houlihan Lawrence 69 Mallard Drive Greenwich $2.295M 1-3 p.m. Sotheby's 10 Park Avenue Old Greenwich $2.299M 1-4 p.m. Coldwell Banker 19 Pintail Lane Greenwich $2.695M 1-3 p.m. Sotheby's 10 Durkin Place Riverside $2.75M 1-4 p.m. Raveis 72 Hillcrest Park Old Greenwich $2.8M 2-4 p.m. Houlihan Lawrence 39 Midbrook Lane Old Greenwich $2.899M 1:30-3:30 p.m. Raveis 44 Cedar Cliff Riverside $2.95M 1-5 p.m. Coldwell Banker 43 Harding Road Old Greenwich $2.995M 1-4 p.m. Douglas Elliman 97 Shore Road Old Greenwich $3.15M 1-3 p.m. Houlihan Lawrence 3 Dewart Road Greenwich $3.2M 2-4 p.m. David Ogilvy 1 Reynwood Manor Greenwich $3.25M 1-3 p.m. Coldwell Banker 26 Twin Lakes Riverside $3.395M 1-4 p.m. Raveis 50 Lockwood Avenue Old Greenwich $3.495M 11-1 p.m. Raveis 5 Grimes Road Old Greenwich $3.595M 1-3 p.m. Coldwell Banker 10 Tyler Lane Riverside $3.65M 1-3 p.m. Coldwell Banker 33 Hendrie Avenue Riverside $3.695M 1-3 p.m. Houlihan Lawrence 98 North Street Greenwich $3.75M 11-1 p.m. Coldwell Banker 8 Dearfield Drive Greenwich $3.825M 1-3 p.m. Raveis 14 Sherwood Farm Greenwich $3.995M 2-4 p.m. Halstead 31 Owenoke Way Riverside $3.995M 1-4 p.m. BHHS 10 Esther Place Old Greenwich $4.295M 1-3 p.m. Houlihan Lawrence 390 Lake Avenue Greenwich $4.85M 1-4 p.m. BHHS 591 Round Hill Greenwich $5.499M 1-4 p.m. Raveis 110 Valley Drive Greenwich $5.995M 1-3 p.m. Coldwell Banker 303 Milbank Avenue Greenwich $6.4M 3:30-5:30 p.m. Coldwell Banker 11 Partridge Hollow Greenwich $6.495M 2-4 p.m. David Ogilvy 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.

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