Greenwich Real Estate Blog and Analysis: April 8th

Greenwich Real Estate Blog: April 8th A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

Dear Readers, The above beautiful view is from 87 Orchard Drive in the Milbrook Association of Greenwich.  There is190 feet of Lake front property on this .88 of an acre lot in Milbrook.  The opportunities are endless, as one of the bigger lots in the association.  The house has spectacular views from all of the main floor rooms, as well as two of the four bedrooms.  The proximity to town, train, shopping, restaurants, and parks, while having the privacy of being in the Milbrook Association makes quite the combination.  The home has four bedrooms, three full, and one half bath, and is listed as 3,162 s.f.  The listing price is $2.495M. February Monthly Report for Greenwich February Monthly Report for Riverside February Monthly Report for Old Greenwich February 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 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.  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 April 3rd    Tone can see that the Spring market is in full effect.  We have 97 open houses on Sunday. Street Name Area List Price Time Listing Office 71 Orchard Place #A Greenwich $7.2K 1-3 p.m. Davenport Properties 1465 Putnam #207 Old Greenwich $312.5K 1-3 p.m. Raveis 75 Cos Cob Avenue #7 Cos Cob $507.4K 1-3 p.m. Relocation Group 8 Cary Road Riverside $545K 1-3 p.m. Coldwell Banker 40 Caroline Place Greenwich $650K 1-3 p.m. Douglas Elliman 66 Richland Road #3 Greenwich $669K 2-4 p.m. Coldwell Banker 351 Pemberwick #202 Greenwich $675K 1-3 p.m. Coldwell Banker 100 Strickland #9 Cos Cob $679K 1-3 p.m. Houlihan Lawrence 351 Pemberwick #204 Greenwich $687.5K 1-3 p.m. Houlihan Lawrence 100 Strickland #4 Cos Cob $699K 1-3 p.m. Coldwell Banker 40 Strickland Road Cos Cob $845.5K 1-3 p.m. Coldwell Banker 7 Bolling Place Greenwich $910K 1-3 p.m. Houlihan Lawrence 10 Licata Terrace Cos Cob $919K 1-3 p.m. Houlihan Lawrence 51 Forest Avenue #117 Old Greenwich $964K 1-4 p.m. J. Philip 296 Round Hill Road Greenwich $995K 1-3 p.m. Houlihan Lawrence 32 Maplewood Drive Cos Cob $1.075M 1-3 p.m. Sotheby's 1 Stillview Drive Greenwich $1.075M 1-4 p.m. Platinum Drive 61 Gregory Road Cos Cob $1.15M 1-4 p.m. BHHS 149 Holly Hill Greenwich $1.1559M 3-5 p.m. Scott Kadison 36 Sherwood Avenue Greenwich $1.179M 1-3 p.m. Anderson Associates 49 Greenway Drive Greenwich $1.19M 2-4 p.m. Anderson Associates 7 Alec Templeton Lane Greenwich $1.25M 1-3 p.m. Higgins 5 Corrigan Lane Greenwich $1.25M 1-3 p.m. Raveis 31 N. Hawthorne Greenwich $1.2895M 1-3 p.m. Abart Estate 12 Davenport Avenue #1 Greenwich $1.295M 1-3 p.m. Relocation Group 347 Riversville Road Greenwich $1.295M 1-4 p.m. Coldwell Banker 20 Georgetowne North Greenwich $1.398M 12-2:30 p.m. Scott Kadison 4 North Street Cos Cob $1.399M 1-3 p.m. Greenwich Realty 13 Carriage Road Cos Cob $1.485M 1-3 p.m. Houlihan Lawrence 16 River Lane Cos Cob $1.495M 1-4 p.m. BHHS 365 Round Hill Road Greenwich $1.525M 1-3 p.m. Davenport Properties 451 Cognewaugh Cos Cob $1.585M 1-3 p.m. Sotheby's 108 Glenville Road Greenwich $1.59M 1:30-3 p.m. DMK  186 Field Point #4A Greenwich $1.595M 1-3 p.m. Douglas Elliman 40 Sachem Road Greenwich $1.599M 2-4 p.m. Anderson Associates 73 Taconic Road Greenwich $1.649M 1-3 p.m. Houlihan Lawrence 71 Orchard Place #A Greenwich $1.65M 1-3 p.m. Davenport Properties 79 Connecticut Avenue Greenwich $1.695M 1-3 p.m. Houlihan Lawrence 70 Old Stone Bridge N. Cos Cob $1.699M 1-4 p.m. Charles Paternina 12 Old Orchard Riverside $1.765M 1-3 p.m. Higgins 3 Nutmeg Drive Greenwich $1.795M 1-3 p.m. Weichert 39 Orchard Place Greenwich $1.825M 1-4 p.m. Sotheby's 315 Field Point Road Greenwich $1.849M 1-4 p.m. BHHS 62 Old Stone Bridge N. Cos Cob $1.925M 1-4 p.m. Houlihan Lawrence 15 Dartmouth Road Cos Cob $1.945M 1-3 p.m. Sotheby's 41 Riverside Lane Riverside $1.949M 2-4 p.m. Sotheby's 15 Bramble Lane Riverside $1.95M 1-3 p.m. Coldwell Banker 12 Randolph Place Cos Cob $1.95M 12-2 p.m. Coldwell Banker 309 Round Hill Greenwich $1.95M 1-4 p.m. Sotheby's 25 Linwood Avenue Riverside $1.999M 1-3 p.m. Coldwell Banker 12 Guinea Road Greenwich $2.05M 1-3 p.m. Sotheby's 311 Cognewaugh Cos Cob $2.075M 12-3 p.m. Weichert 18 Lexington #B Greenwich $2.395M 2-4 p.m. Houlihan Lawrence 12 Davenport Avenue Greenwich $2.495M 1-3 p.m. Relocation Group 443 North Street Greenwich $2.65M 12-2 p.m. Centric 16 Copper Beech Greenwich $2.695M 1-4 p.m. BHHS 900 Lake Avenue Greenwich $2.85M 2-4 p.m. Raveis 27 Chieftans Road Greenwich $2.85M 12-3 p.m. Coldwell Banker 11 Red Coat Lane Greenwich $2.875M 1-3 p.m. Sotheby's 11 Potter Drive Old Greenwich $2.895M 1-4 p.m. Coldwell Banker 192 Bible Street Cos Cob $2.95M 2-4 p.m. Sotheby's 294 Round Hill Greenwich $2.995M 1-3 p.m. Houlihan Lawrence 26 Connecticut Avenue Greenwich $2.995M 1-3 p.m. Sotheby's 32 West Way Old Greenwich $2.995M 1-3 p.m. Coldwell Banker 693 River Road Cos Cob $3.15M 1-4 p.m. BHHS 25 Club Road Riverside $3.195M 1-3 p.m. Centric 61 Baldwin Farms South Greenwich $3.295M 1-4 p.m. Sotheby's 8 Dearfield Drive Greenwich $3.395M 1-3 p.m. Raveis 294 Round Hill Greenwich $3.495M 1-3 p.m. Houlihan Lawrence 98 North Street Greenwich $3.495M 1-4 p.m. Sotheby's 3 E. Point Lane Old Greenwich $3.5M 1-4 p.m. Merritt 14 Sherwood Farm Greenwich $3.595M 1-4 p.m. Halstead 84 Connecticut Greenwich $3.595M 1-3 p.m. Houlihan Lawrence 3 Gisborne Place Old Greenwich $3.995M 1-3 p.m. Coldwell Banker 12 Long View Avenue Riverside $4.15M 2-4 p.m. Houlihan Lawrence 851 Lake Avenue Greenwich $4.495M 1-4 p.m. BHHS 18 Pinecroft Road Greenwich $6M 1-3 p.m. BHHS 35 Winding Lane Greenwich $6.495M 1-4 p.m. Coldwell Banker 7 Ford Lane Old Greenwich $6.749M 1-3 p.m. Raveis 38 Dairy Road Greenwich $7.275M 1-4 p.m. Coldwell Banker 15 Andrews Road Greenwich $8.77M 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