About Me

 

Jared G Randall

Redfin

SENIOR AGENT

Greenwich, CT 06830

Cell:    203-273-1034

email: jared.randall@redfin.com

 

 

Sunday
Dec132020

greenwich Real Estate Guy's Blog: December 6th Open House List and October Market Report

The Greenwich Real Estate Guy's Blog: December 6th Open House List
A weekly analysis brought to you by Greenwich Real Estate Guy.

 

Pictured above is 181 Milbank AvenueThis home sits on .22 acres with four bedrooms with three full baths and one half bath. The home is listed as 3,758 s.f.
 
Laurel Ridge is a community of six meticulously designed and crafted, elegant in-town condominiums. Award winning gardens highlight this luxurious and prestigious compound. This large, private unit fronts the courtyard rather than the street, and has quality details throughout. The home features ten foot ceilings, five fireplaces, elevator, wet bar, custom built-ins, marble baths, a lower level private guest suite and a large, lovely private outdoor space. A stunning dining room adjoins the gourmet kitchen with granite counters and top of the line appliances. Formal living room & family rooms with coffered ceilings add to the home's timeless grace. The master suite and two additional bedrooms, one is currently used as an office, are located on the second level.
Factoid: Did you know that Greenwich (aka Tod’s) Point is 147.3 acres? More info on one of our premiere parks:https://www.greenwichct.gov/facilities/facility/details/Greenwich-Point-Park-69
A quick look at 2020 YTD Single Family Home closed sales by GMLS Market Area, as compared to the same period a year ago:
  • Greater Greenwich: +58.4%
  • Old Greenwich: 34.4%
  • Riverside: +48.1%
  • Cos Cob: +46.2%
  • Greenwich - North of Parkway: +88.2%
  • Greenwich - South of Parkway: +95.8%
  • Greenwich - South of Post Road: +65.2%
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. 
ConsumersAdvocate.org, recently published their mortgage rates guide and I thought it might be a good resource https://www.consumersadvocate.org/mortgage-rates. The guide provides a ton of helpful information such as a terminology section, a description of the different types, and even a step-by-step process from Day 1 to day done. 
                    
If you're still on the fence about which mortgage lender to choose, check out this helpful guide from Money Magazine:  https://money.com/best-mortgage-lenders/.
Whether you want to compare brands, take a look at market projections, or see how COVID-19 has affected the current market, they analyzed all of the key aspects of choosing a mortgage lender so that you can pick the best one for your specific needs.
I have paid to allow clients to open up portals to see all listings as they come on the market real time to you, so feel free to  search properties based on your own parameters or set up a portal to get notifications on a customized search. For readers that just follow on the Greenwich Patch I will not be posting all entries on the patch. You can read all postings at www.greenwichrealestateguy.com/blog.  
 subscribe here to receive each post. Please do not hesitate to email (jrandall@houlihanlawrence.com) or call (203-273-1034) if I can assist in any way.
  
Best,                                   
                                                                                  
Jared Randall                                                 Join my Mailing List 
Houlihan Lawrence Greenwich                     Search Properties 
www.greenwichrealestateguy.com          
cell: 203-273-1034                      View My Website 
    

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