Community Corner
Leaf Watching and 45 Open Houses This Sunday
Old Greenwich Real Estate, South of the Village is the hottest market.
If you want to see just how beautiful Greenwich can be, this is the weekend for you. The foliage in the backcountry is at its peak and near its peak along the shore. So get out and see the 45 open houses this Sunday ranging in price from $375,000 to almost $7,000,000. You have plenty of places to check out the beautiful trees.
To map out your route see the live interactive map of the open houses here and the full open house list below. Check the key on the left of the interactive map for your price range.
Find out what's happening in Greenwichwith free, real-time updates from Patch.
OLD GREENWICH REAL ESTATE MARKET STATISTIC
Find out what's happening in Greenwichwith free, real-time updates from Patch.
- South of the Village (SoVi) Hottest Market
- Up 17% in Two Years
- 6 months supply of houses
Sales Price – $2,495,000
Any Realtor will tell you that Old Greenwich and Riverside have been the hottest markets this year. Within these two villages, the hottest market is Old Greenwich south of the village. So let’s take a look at what is going on there. We have had 38 sales ranging in price from $627,000 to $14.1 million. That lower price is a little deceptive since the next lowest sales price $1,100,000. The median price for this hot area is $2,495,000 and the average price is $3,284,378.
Sales Price up 17% over Assessor's Value
When you take the sales price and divide it by the Greenwich Tax Assessor’s market valuation you come up with a 17.3% median increase since the Oct. 1, 2010 property revaluation. The average increase is 21%. Either one is a very nice return in a low inflation environment.
Days on Market - 80
The average number of days on market is 178, but this is pushed way up by four listing queens that were on the market for more than 588 days with the longest being 1,258 days. The median DOM is only 80 days and at the other end, one house only lasted 3 days. If you want to buy in Old Greenwich south of the village don’t wait. If you figure 45 days from accepted offer to closing then the median time available on market is only 35 days.
Percent of Sales Price – 95%, Cost per square foot $643
For all of Greenwich the percent of sales price to last list price is 93.5%. In OG SoVi it is 94.8%. The cost per square foot is also substantially higher coming in at median of $643 per square foot. This is for a median house of 3,676 square feet located only on a median acreage of .36, which makes OG SoVi a great place to go trick or treating.
GREENWICHSTREETS.COM OPEN HOUSE LIST FOR SUNDAY, OCT. 21, 2012
Address
Town
List Price
Time
Broker
Greenwich
$1.425M
1-4 PM
Prudential
Greenwich
$1.469M
2-4 PM
Sotheby's
Greenwich
$1.525M
1-4 PM
Prudential
Greenwich
$1.6999M
2-4 PM
Sotheby's
34 Bote Road Lot 10 Tomney Road
Greenwich
$1.75M
1-4 PM
Raveis
Greenwich
$1.797M
1-4 PM
Raveis
Greenwich
$1.85M
2-4 PM
Sotheby's
Cos Cob
$1.995M
2-4 PM
Sotheby's
Greenwich
$1.995M
1-4 PM
Prudential
Riverside
$2.65M
1-4 PM
Prudential
Riverside
$2.695M
2-4 PM
Raveis
Greenwich
$2.75M
1-3 PM
Prudential
Greenwich
$2.75M
1-3 PM
Prudential
Greenwich
$2.825M
1-4 PM
Raveis
Greenwich
$2.825M
1-4 PM
Raveis
Greenwich
$3.199M
1-4 PM
Raveis
Greenwich
$3.25M
2-4 PM
Coldwell Bnkr
Old Greenwich
$3.495M
2-4 PM
Sotheby's
Greenwich
$3.85M
1-3 PM
Prudential
Greenwich
$5.495M
2-4 PM
Coldwell Bnkr
Greenwich
$6.95M
12-2 PM
Sotheby's
Thanks to Prudential agents, Jared Randall for hot linking the addresses and to Rob Pulitano for preparing the list. If anyone would like to set up an email alert so they know when new listings or price changes occur in Old Greenwich or any other area of town feel free to contacct us.
