About Me

 

Jared G Randall

Redfin

SENIOR AGENT

Greenwich, CT 06830

Cell:    203-273-1034

email: jared.randall@redfin.com

 

 

Saturday
May292021

Greenwich Real Estate Guy's Blog: May 23rd Open House List

The Greenwich Real Estate Guy's BlogMay 23rd Open House List 
A weekly analysis brought to you by Greenwich Real Estate Guy.

 

Pictured above is 19 Stoney WyldeThis house is listed as five bedrooms five full baths and one half bath. It is listed as 5,855 s.f. It sits on 2.01 acres. The price is $3.995M
California lifestyle in Greenwich! Chic open floor plan on 2 amazing level acres at end of mid-country cul-de-sac off of Clapboard Ridge Road. Sun-filled interiors with high ceilings, modern appointments, light wide-plank oak floors and the perfect combination of formal and casual living spaces. Bright living room has two exposures of glass overlooking outdoor entertaining spaces; dining room with bar; stunning gourmet kitchen with built-in breakfast area steps down to family room with study center. Great room with versatile space for game/study/exercise opens to pool and terraces. 5 bedrooms; True master suite with sitting room and walk in closet. Room for expansion if you wish. The ideal property for someone looking for a fun West Coast vibe with open lawns and pool for play.
While April 2020 was the first entire month in the - new at the time - COVID-19 grip the sales data from it don't necessarily capture pandemic buying patterns as it was simply too soon for closings to happen, in most cases.
Here is a look at preliminary April 2021 Greater Greenwich single family home sales and how they compare to April 2020, per GMLS data:
  • 84 homes sold in April 2021, a 147% increase over the 34 that sold in April last year.
  • Average DOM contracted to 145 days from 300 days a year ago.
  • Homes sold at 96% of original list price, up from 88% last year.
  • Homes sold at 98% of last asking price, up from 94% last year.
  • Average sold price per square foot was $629 in April, up 36% from last year ($461).
  • Average sold price in April was $3,089,412, up 68% from last April's $1,841,403.
  • Median sold price in April was $2,666,875, up 54% from last April's $1,733,500.
  • Total $$ volume in April was $259,510,650 vs. $62,607,726 in April 2020.
  • There are 342 homes for sale in Greater Greenwich today, a 33% decline vs. last year.
  • There are 142 homes in contract vs. 94 a year ago, a 142% increase.
While I have been hearing increasing reports of deals falling apart the demand still seems to be firmly in place for realistically priced homes.
With the lack of inventory and the buyer demand increasing I believe these numbers will continue to increase. Remember that the first four months of last year the world came to a standstill so just about all of the increase has happened in last 6-8 months. The difficulty of writing a blog is how to give customized data for over 500 readers. That being said if you would like specific or customized data to your location or specific house please do not hesitate to email or call.
                    
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.  
Feel free to 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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