Greenwich Real Estate Blog and Analysis: March 25th-27th

Greenwich Real Estate Blog: March 25-27th  A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

Dear Jared  I left the feature property the same due to the holiday weekend.  There are two open houses this weekend but both are on Saturday.   The above pictured 63 Indian Field Road is a centrally located   home, that mixes the modern feeling of today within the charm 1924 built home.  There are beautiful golf course views.  I love the coffered ceiling, the 9 foot Calcutta marble center island in the kitchen.  The master bedroom has a great sitting room and private balcony.  The house is listed as 3,439 s.f. sitting on .46 of an acre with four bedrooms, three full baths, and two half baths.  The listing price is $2.2M. Our Monthly Report for Greenwich Our Monthly Report for Riverside Our Monthly Report for Old Greenwich Our Monthly Report for Cos Cob Feel free to search properties.  For a customized search or analysis feel free to email me your parameters and I can set up a portal for you.  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.   **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     We had 67 properties sell in February compared to 55 in February of 2015.  Again over 20% of last year.   New Listings We had 122 new listings in January compared to 95 last year also over 20% growth.  So as we are seeing improvement in the amount of properties sold, we are seeing them in the lower price points, and we are also seeing the inventory growing as owners are hearing the market is improving.  Year to Date Sold As you can see by the chart above as well as reading the market reports.  The amount of transactions are up which is a great sign for the overall market.  However, they are mostly in the lower price ranges.  Hence you see a decrease in the median prices.  This chart shows that through February 71% of all the properties sold are under $2M.   Year to Date Available    Comparing these two charts you see the difficulty in the market.  71% of the sold properties are under $2M.  Yet, only 38% of the inventory is under $2M.  So, if you are buying in that price range you are in a very competitive situation.  Conversely, if you are selling in the higher price range you are also in a competitive situation with the inventory.  This is where pricing and nicely the home shows becomes imperative. Open Houses March 26th    There are only two open houses with the holiday weekend.  They are both on Saturday. Have a great weekend.  Please do not hesitate to reach out if I can help. Street Name Area List Price Time Listing Office 31 Hawthorne Street Greenwich $1.2895M Sat 1-3 p.m. Abart Estate 15 Andrews Road Greenwich $8.77M Sat 12-2 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