This will be the last blog entry until the week after Labor Day.  The above pictured charming colonial is located at 27 Perryridge Road.  Perryridge is a beautiful tree lined street that is close to everything Greenwich has to offer.  Less than a few blocks from Greenwich Avenue, Whole Foods, private schools, parks, shopping and restaurants.  This home has four bedrooms, two full baths, and one half bath.  The home is listed at 2,208 s.f. and sits on .19 of an acre.  There is a nice master suite with walk-in closet.  Other aspects I liked were the deck, patio and yard.  Great for entertaining.  The price is $1.945M.

I believe if you scroll down to the pie charts you will see the market in a snapshot.  There are still two different markets the under $2M or $3M and the over $2M or $3M market. "Looking at these two graphs, I believe really sum up the market.  The below $2M market equates to 64% of the sold properties this year. However, looking below the inventory in that market equates to 37% of the available inventory.  If you add in the $2M-$3M market then you are looking at 79% of sold properties to 56% of the market.  Conversely the over $2M market is 63% of our total inventory and only makes up 36% of the sold properties this year."  

Market reports 

The amount of sold properties year to date have increased by one unit.  However, if you look at the year over year the units is down 25% from last year.  If you look at the supply and demand ratio it is even higher than last year.  Thus telling us the units are down due to the lack of inventory.  We are down 13% in listings from this time last year.

This is an interesting report.  As one dives into it, the market is pretty similar to last year.  However, the main takeaway is that units are down 8.8% but the prices are up 5.7%.  This is due to the $4M to $6M market.  You will notice that market is up 64% with 21 sold properties this year to date vs. 13 last year to date.  The $2M-$3M range is down 31% in sold properties, but you will notice the listings are down 22% leading me to believe it is the lack on inventory in that price range that is hurting the market.

This is a great article that was in Bloomberg a couple of weeks ago, written by Oshrat Armiel:

There are currently 676 properties for sale in Greenwich.  Last year at this time there were 690 properties.  When you look at the charts below you will see that we had an incredible June ending a great 2nd Quarter for the market.  With the long winter we had this year, it seems a lot got pushed back and we had 131 closed properties in June.  We have had 135 new listings come on in June, so will be interesting to see if this new inventory helps or hurts the market.  The single family homes sold grew by 15% in the 2nd quarter over the last year, and the median price grew 9%. To see how much of an impact June had on the market scroll down to the months on average chart below.  Please click on the below reports for more specific information.  The Q2 report is exceptional and really dives into different sections of the community.