Greenwich, CT Residential Real Estate Blog and Analysis: January 8th-10th

Greenwich, CT Residential Real Estate Blog and Analysis:   January 8th-10th A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

Dear Greenwich, 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. 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. The charts and graphs are updated through December 31st.  The open house list is updated for this Sunday.  I will give a more detail synopsis of the year in next weeks blog.  However, it seems as though year over year we were up around 6% with most of that coming in the first half of 2015.  Market is a little more stagnant in the second half of the year. 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. Q3 Greenwich Market Report 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 10th    Below are the 44 Open Houses this Sunday. Street Name Area List Price Time Listing Office 12 Heusted Drive Old Greenwich $8K 1-3 p.m. Halstead 56 Milbank Avenue #2 Greenwich $18.5K 1- 4p.m. Coldwell Banker 432 Field Point Road Greenwich $24.5K 1-3 p.m. Halstead 194 Putnam Park Greenwich $480K 1-3 p.m. Sotheby's 147 Putnam Park Greenwich $485K 1-3 p.m. Raveis 30 Almira Drive Greenwich $579K 2-4 p.m. Raveis 11 River Road #105 Cos Cob $715K 1-3 p.m. Houlihan Lawrence 23 Wescott Street Riverside $730.5K 12-2 p.m. Halstead 69 Riverdale #302 Greenwich $839K 1-3 p.m. Coldwell Banker 70 Riverdale #701 Greenwich $839K 1-3 p.m. Coldwell Banker 1 Cary Road Riverside $865K 1-3 p.m. Davenport 11 Old Kings Highway Old Greenwich $925K 1-3 p.m. Weichert 30 Indian Field Road Greenwich $1.145M 1-3 p.m. Sotheby's 3 Wyndover Lane Cos Cob $1.159M 1-3 p.m. Keller Williams 72 Sound Beach Old Greenwich $1.295M 12-2 p.m. Raveis 10 Lockwood Drive Old Greenwich $1.395M 1-3 p.m. Coldwell Banker 12 Lockwood Drive Old Greenwich $1.395M 12-2 p.m. Weichert 34 Duncan Drive Greenwich $1.495M 3-4:30 p.m. Douglas Elliman 6 Carriage Road Cos Cob $1.499M 1-3 p.m. Coldwell Banker 365 Round Hill Road Greenwich $1.525M 1- 4p.m. Davenport 15 Taylor Drive Cos Cob $1.595M 1-3 p.m. Raveis 10 W. End Avenue Old Greenwich $1.795M 1-3 p.m. Houlihan Lawrence 12 Heusted Drive Old Greenwich $1.795M 1-3 p.m. Halstead 24 Nutmeg Drive Greenwich $1.895M 1-3 p.m. BHHS 315 Field Point Point Greenwich $1.939M 1- 4p.m. BHHS 11 Circle Drive Greenwich $1.9975M 1- 4p.m. BHHS 10 Park Avenue Old Greenwich $1.9995M 12-2 p.m. Coldwell Banker 76 Summit Road Riverside $2.065M 1-3 p.m. Halstead 22 Arnold Street Old Greenwich $2.095M 2:30-4:30 p.m. Douglas Elliman 11 Riversville Road Greenwich $2.295M 12:30-2:30 p.m. Douglas Elliman 16 Roosevelt Avenue Old Greenwich $2.395M 1-3 p.m. Halstead 443 North Street Greenwich $2.65M 2-4 p.m. Centric 3 Dewart Road Greenwich $2.95M 1-3 p.m. David Ogilvy 47 Birch Lane Greenwich $2.995M 1-3 p.m. Coldwell Banker 34 Lenox Drive Greenwich $3.495M 1- 4p.m. BHHS 56 Milbank Avenue #2 Greenwich $3.895M 1- 4p.m. Coldwell Banker 3 Gisborne Place Old Greenwich $3.995M 1-3 p.m. Coldwell Banker 851 Lake Avenue Greenwich $4.495M 1- 4p.m. BHHS 17 Heronvue Road Greenwich $4.775M 1-3 p.m. Sotheby's 37 Londonderry Drive Greenwich $4.999995M 1-3 p.m. Greenwich Realty 68 Birch Lane Greenwich $6.295M 1-3 p.m. Sotheby's 303 Milbank Avenue Greenwich $6.4M 2-6 p.m. Coldwell Banker 35 Winding Lane Greenwich $6.995M 2-4 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