Greenwich, CT Residential Blog and Analysis: January 22nd-24th

Greenwich, CT Residential Real Estate Blog and Analysis:   January 22nd-24th A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

Dear Readers, Pictured above is 13 Perryridge Road in Greenwich.  If you have followed the blog you know I love this street.  Obviously, I am biased as I live two streets over.  However, this is a stones throw from all Greenwich has to offer.  The home is one and a half blocks from the top of Greenwich Avenue.  Shopping, Restaurants, and schools all unbelievably close.  Brand New construction containing four bedrooms and five full baths.  What I loved about the home were the high end details.  From the fixtures in the bedrooms, to the tile in the showers, to the kitchen details, one can fell the care and discernment used in decorating.  The house is listed at 3,632 s.f. and sits on .17 of an acre with one car garage.  The price is $2.635M. Houlihan Lawrence Q4 Greenwich Market Report Quick takeaways:  Total market transactions were up 1.9% year over year.  With the sales prices being up 3.5%.  However, that is a little deceiving as the condo market was incredible.  Condo units sold were up 15.8% while the average prices up 14%.  Single family homes in Greenwich transactions were down 1.3% and average prices down 1.2%. Houlihan Lawrence is the #1 brokerage serving Greenwich, Old Greenwich, Cos Cob and Riverside in 2015.  As a team we sold over $800M in property and I am very proud to be a part of such an elite team of agents as we look forward to 2016. Happy New Year.  Thank you for following the blog and subscribing to the newsletter.  When I came up with the idea for this blog I never thought it would have this far of a reach. There are over 1,100 agents in Greenwich.  When you include the four private or off market sales I did last year, I ranked in the top 3% of all Greenwich Realtors in total units sold as well as total dollar volume.  It means a lot that out of the many options out there you chose to work with me in such an important decision.  I wish you and your family a joyous 2016. Sampling of my 2015 Closings:   2 Oneida Drive Unit #B2      120 Pilgrim Drive      71 Maher Avenue sale side (Private deal)      71 Maher Avenue buy side (Private deal)      40 Riverside Lane   5 Lenox Drive (Multi Family but I feel more value as single)      184 Stanwich Road      34 Bruce Park Avenue #B      1535 East Putnam #301      50 Lafayette Place #2G      10 James Street (non GMLS and Bank Owned)      6 Lucy Street      1465 E. Putnam #530 If, you know anyone who is looking to buy or sale in Greenwich, please do not hesitate to send me their contact information.  I would be honored to help in anyway possible.  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.  If easier, feel free to just email me your parameters and I can set up a portal for you. 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     Year over year looks like we are up 6% in transactions.  However, if you look at the last six months of the year outside of a great September we were either stagnant or down a little.  The fall market was disappointingly slow.   New Listings We had slightly less listings in November than last year, and slightly more in December last year.  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 January 24th    With the impending snow storm and the Conference Championship football games this week, there are only 10 open houses.  Stay safe and enjoy the weekend. Street Name Area Price Time Listing Office 47 Putnam Park #1 Greenwich $350K 2-4 p.m. Raveis 169 Mason Street #4H Greenwich $365K 1-3 p.m. William Pitt Sotheby's 39 High Street Greenwich $880K 2-4 p.m. Raveis 82 Indian Harbor Greenwich $1.795M 2-4 p.m. Coldwell Banker 300 Cognewaugh  Cos Cob $1.975M 2-4 p.m. Douglas Elliman 76 Summit Road Riverside $2.065M 1-3 p.m. Halstead 16 Roosevelt Avenue Old Greenwich $2.395M 1-3 p.m. Halstead 47 Birch Lane Greenwich $2.995M 1-3 p.m. Coldwell Banker 8 Dearfield Drive Greenwich $3.395M 1:30-3 p.m. Raveis 187 Milbank Avenue Greenwich $4.8M 1-3 p.m. Halstead 303 Milbank Avenue Greenwich $6.4M 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.