All charts, graphs, analysis are as of end of April, I will update for end of May next week. 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 97 Shore Road. This house sits on .48 acres in a quarter acre zone. This property is about the location. South of Old Greenwich Village and very close to the beach you can envision easy summer living. Coincidentally two of my favorite aspects of the house was the front porch, and the outdoor fireplace in the back. Built in 1900 there is a charm that exudes in different parts of the home. The house is currently 3,620 s.f. 5 bedrooms, four full and one half bath, and a two car garage.The house has been on the market 25 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.
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
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/).
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