Sunday
Apr032016
Greenwich Real Estate Blog:
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A weekly analysis brought to you by Greenwich Real Estate Guy.
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Dear Readers,
The above pictured colonial is located at 93 North Street in Greenwich. This home was built in 2007 has four bedrooms, four full baths, and one half bath. The location is second to none being on North Street but still close to town and amenities. I felt the listing agent (Joanne Mancuso) did a great job with her write up: "Beautifully designed colonial classic, custom crafted to highest standards for current owners, is situated amid a lovely picket fence enclosed setting close to town. Double-height entry hall introduces exquisitely detailed, state-of-the-art interior with nine-foot main floor ceilings, the finest materials, marble-appointed baths, random-width oak flooring. Elegant living room with fireplace; gracious dining room; cozy library/den; French doors to terrace and private yard from vaulted three-exposure family room with stone fireplace and fabulous marble-appointed kitchen with 7.5 foot center isle, butler's pantry, breakfast area, superior Viking, Bosch, SubZero appliances. Large playroom; master with his/her walk-in closets, luxurious radiant-heated bath with steam shower, air-massage tub."
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
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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 February 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.
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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.
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Open Houses April 3rd
Tone can see that the Spring market is in full effect. We have 97 open houses on Sunday.
Best,
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