Greenwich Real Estate Guy's Blog: September 11th Open House List and Q2 Market Report

The Greenwich Real Estate Guy's Blog: September 11th Open House List

A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

It is that time of year again. The temperature is changing. The leaves are starting to fall. Most importantly, the Raiders start their season :) Here is a link to the Q2 Greenwich Market Report. Please see below for comments on the 2nd Quarter in Greenwich from our CEO Liz Nunan: Summer in Greenwich, Connecticut is when our town truly shines. Town beaches and parks are open for relaxation, fitness, and adventure. The ferries to Great Captain Island and Island Beach make their way into and out of Greenwich Harbor. Our town-owned golf course and tennis courts inspire players to chase their next ace! It’s also prime outdoor dining season here, adding a festive atmosphere to all who visit Greenwich Avenue. As we closed out the second quarter, the real estate market in Greenwich remained upbeat with significant buyer interest and continued limited inventory. But rising mortgage rates and a turbulent stock market gave buyers a reason to tap the brakes and seek greater value in their home buying than we’ve seen in the last two years. Proper initial pricing remains a key to achieving a strong selling price. And while Greenwich home sales are down 40% compared to a record-setting 2021, it’s worth noting that our yearto-date sales exceed those from the previous eight years. Prices remain strong while the time it takes to sell a home here continues to contract. Our neighborhood breakdown shows that homes sold in Q2 in Cos Cob closed - on average - nearly 4% over the asking price, which was the strongest in town. Selling prices in Old Greenwich, Riverside, Mid-Country Greenwich, and along the water in Central Greenwich also sold at a premium to the asking price in the quarter. The only geography that sold at a discount to the asking price was North of the Parkway in Greenwich. We are grateful for the Greenwich community, our world-class agents, and our support staff for helping Houlihan Lawrence remain the #1 real estate brokerage serving Greenwich, Connecticut for seven and half years. Thank you, and we hope you enjoy the rest of the summer!  With Warm Regards,  Liz Nunan President and CEO

September 11th Open House List

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  email:  jrandall@houlihanlawrence.com     Like me on Facebook