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I would like to apologize for the delay in getting this out as well as the new format. Unfortunately, Constant Contact has changed their formatting and I can no longer do the spreadsheet with the links. The only workaround I have figured out took five times as long to do. I will continue to work with them and see if I can get back to the old version or have them accept spreadsheets. In the meantime please click on the button below that says Open House List and that should pull up a PDF that will have the links in it. I apologize for the inconvenience.
Pictured above is 344 Shore Road. This home is listed as five bedrooms, five full baths, with one half bath. It sits on .75 of an acre and has 7,776 s.f. The price is $7.775M and the open house on Sunday is from 12-2 p.m.
Masterful design meets modern luxury in this waterfront new construction. Close proximity to downtown Greenwich, restaurants & shops- boat to your private dock. Once inside serene 5BR, 6.5 bath you will enjoy the immense sunlight pouring through glass railings throughout. Large master suite is an oasis w/private entrance & 2 custom walk in closets. The master bath is luxurious w/ high-end finishes, beautiful marble, stunning glass tiles & dreamy custom cabinets. The kitchen boasts top of the line appliances & latest technology. Enjoy the lower level w/ movie theatre, gym & a unique lighted 500+ bottle wine room. Step out from the lower level 2nd family room to a handsome saltwater pool. Outdoor entertaining is fabulous w/rambling, multi-level deck. An oasis for zen living!
Preliminary GMLS data show home sales in Greater Greenwich surging in October:
- 92 single family homes sold in October 2020 vs. 40 in October 2019, a 130% jump.
- Average home prices rose 61% to $3,248,375
- Median home prices rose 28% to $2,412,500
- Average sold price per square foot in October was $586, an 8% increase over October 2019.
- Total dollar volume in October 2020 was $298,850,500, up 271% from October 2019.
The demand profile continues, as you'll note in the attached Houlihan Lawrence Market Overview report showing lower inventory and robust contract signings.
Note: Some of these data will change as deals that closed late in the week get entered next week.
My broker David Haffenreffer sent the following answers to questions he is hearing quite often:
Frequently asked questions:
- Will the election on Tuesday change any of the home buying activity we're seeing locally? Not likely.
- Should a homeowner wait until the "Spring 2021 Market" to sell their home vs today? Market conditions suggest it's a very good time to sell a home in Greenwich today. While I expect demand to continue for the near future it's hard to say that March, for example, will be better than it is today.
- Are prices skyrocketing? Not as much as you'd think. In fact, we are still meeting with homeowners and suggesting price reductions on listings that aren't getting attention with buyers. The buyer pool is very large today but the buyers remain quite savvy and value oriented. Multiple bid situations appear reserved for the strategically priced homes....not ambitiously priced homes.
Shouldn't sellers list with a brokerage that has offices in NYC since the buyers are coming from there? Houlihan Lawrence represents more buyers than any other brokerage in Greenwich and has for nearly six years. We credit our great agents, beautiful listings, world-class customer service and cutting-edge marketing for our continued success in attracting our buyers.
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Response: Royal Business Solutionsby Rasheed Khan at Royal Business Solutions on November 28, 2020
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