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October Home Sales Exceed 2011; Busy Weekend with 55 Open Houses

Sales are looking good; high-end rentals prompt continuing concern by some.

 

This week we have 55 open houses with 10 under $1 million, 20 from $1 -$2 million and 18 over $2 million. We also have 6 rental open houses ranging from $6,000 to $10,500 per month. You can see the live interactive map of the open houses here and the full open house list below. As you can see in the screen shot of this week’s open house map the price ranges are color coded so just pick your price range and neighborhood and click on the pins in the live map to get details.

 

MARKET REPORT - GREENWICH, CT REAL ESTATE SALES STATISTICS

So far this month we have had 22 single family homes sold in Greenwich, which beats the 21 homes sold in all of October 2011. Our 6-year average for October is 37 sales so we are right where you’d expect us to be at this point in the month based on the historical average.

I’ve put in a complete list of the homes sold so far this month, because they are fairly representative of what is going on the in the market today. Of the 22 homes, 13 sold for under $2 million and 9 for over $2 million. The median price was  $1,737,500 or 93% of the final list price and $491 per square foot. The median time on market was 191 days. Most of the sales were in front country though we did have 5 sales in mid-country and backcountry as you can see from the map.

Also this week we have 6 rentals which are indicative of the continuing concern in the market. Some sellers are waiting for prices to go up and are happy to rent, while despite the overall good news in the housing the market nationally, some buyers are concerned that prices may start dropping again. The result is a busy rental market at the upper end even as sales are picking up nicely above $3 million. This cautious group is shrinking however as most people see prices heading up albeit slowly.

 

  ML # Ar Address  O/Price   L/Price   C/Price  SP/LP DOM SP/SqFt SqFt Acres 82886 GR 70 MIDWOOD RD (DEER PARK)  $7,500,000  $7,500,000  $7,800,000 1.04 6 940 8294 2.32 81431 GR 606 INDIAN FIELD RD  $6,495,000  $6,495,000  $6,100,000 0.939 186 1,046 5834 2.28 81864 GR 212 BEDFORD RD  $4,775,000  $4,775,000  $4,600,000 0.963 889 513 8972 2.82 82048 OG 49 SHORE RD 49A  $3,795,000  $3,795,000  $3,560,000 0.938 137 593 6000 0.29 79283 GR 78 BALDWIN FARMS SO  $3,895,000  $3,295,000  $3,224,000 0.978 382 0    2.25 78741 GR 16 BROOKSIDE PK  $5,300,000  $3,695,000  $3,070,000 0.831 547 377 8149 2.16 82439 GR 54 GLENVILLE RD  $2,395,000  $2,395,000  $2,275,250 0.95 96 694 3280 0.93 82540 OG 3 BENNETT ST  $2,295,000  $2,295,000  $2,175,000 0.948 30 567 3839 0.42 82129 GR 203 OVERLOOK DR  $2,449,000  $2,449,000  $2,090,500 0.854 104 620 3370 0.7 82621 CC 25 CAT ROCK RD  $1,945,000  $1,945,000  $1,900,000 0.977 34 409 4645 5.03 81542 RV 6 FINNEY KNOLL LN  $1,950,000  $1,850,000  $1,775,000 0.959 209 562 3161 0.2 81325 GR 15 HYCLIFF RD  $1,895,000  $1,895,000  $1,700,000 0.897 719 326 5212 4.67 82077 GR 49 DINGLETOWN RD  $1,850,000  $1,850,000  $1,675,000 0.905 163 474 3532 2 77448 RV 254 RIVERSIDE AVE  $1,825,000  $1,675,000  $1,562,500 0.933 604 426 3669 0.3 82802 GR 29 RIDGE ST  $1,395,000  $1,395,000  $1,280,000 0.918 201 565 2265 0.16 83188 GR 3 HUNTZINGER DR  $1,297,000  $1,297,000  $1,085,000 0.837 40 395 2750 1.5 80140 GR 75 WILLIAM ST  $1,052,100  $1,052,100  $  975,000 0.927 422 948 1028 0.27 81416 CC 92 ORCHARD ST  $1,080,000  $1,080,000  $  900,000 0.833 271 494 1823 0.88 83029 RV 17 BONAN DR  $  715,000  $ 715,000  $  692,000 0.968 62 487 1422 0.19 80907 GR 28 WOODS AV  $  829,000  $  699,000  $  600,000 0.858 309 311 1928 0.268 82482 GR 2 BENDERS DR  $  589,000  $  589,000  $  545,000 0.925 126 379 1439 0.153 81335 CC 11 ORCHARD ST  $  749,000  $  599,000  $  525,000 0.876 229 248 2116 0.28












MEDIAN  $1,920,000  $1,872,500  $1,737,500 0.930 194 491 3370 0.79

 

 

Thanks to Rob Pulitano for preparing the list and Jared Randall for adding the hot links to individal properties. If you are out look at open houses stop by 18 Ravenglass off Erskine in backcountry Stamford where I and Micki Linen are holding an open house at a very beautiful 2007 house on for $2.2MM.

 

GREENWICH CONNECTICUT OPEN HOUSE LIST FOR OCT. `14, 2012

 

 

Address Town Price
Time Broker 49 Indian Mill Road Cos Cob $5,200/mo
1-4 PM Raveis 21 Mallard Drive Greenwich $6,000/mo
1-4 PM Coldwell Bnkr 21 Cat Rock Road Cos Cob $8,000/mo
1-4 PM Coldwell Bnkr 39 Willow Road Riverside $8,500/mo
1-4 PM Coldwell Bnkr 18 Lexington Avenue #A Greenwich $10,000/mo
1-4 PM Coldwell Bnkr 525 River Road Cos Cob $10,500/mo
1-4 PM New England Land 351 Pemberwick Road #110 Greenwich $335K
1-3 PM Raveis 1465 E Putnam Avenue #530 Old Greenwich $389K
1-4 PM Coldwell Bnkr 51 Old Kings Highway #1 Old Greenwich $495K
1-3 PM Shore & Cntry Prop 358 Long Ridge Road Stamford $579K
1-4 PM Prudential 60 Valley Road #A Cos Cob $645K
2-4 PM Raveis 9 River Road #419 Cos Cob $685K
1-4 PM Coldwell Bnkr 98 Putnam Park #98 Greenwich $695K
1-4 PM Raveis 64 Richland Road Greenwich $699K
1-4 PM Coldwell Bnkr 60 Valley Road #B Cos Cob $699.5K
2-4 PM Raveis 53 Harvest Ln Stamford $849K
1-4 PM Prudential 4 Lockwood Drive Old Greenwich $1.15M
1-4 PM Coldwell Bnkr 21 Mallard Drive Greenwich $1.199M
1-4 PM Coldwell Bnkr 86 Lower Cross Road Greenwich $1.249M
1-4 PM Weichert 49 Indian Mill Road Cos Cob $1.25M
1-4 PM Raveis 116 Lockwood Road Riverside $1.275M
2-4 PM Raveis 60 Valley Road #A & B Cos Cob $1.295M
2-4 PM Raveis 90 Buckfield Lane Greenwich $1.495M
1-4 PM Prudential 631 Long Ridge #12 Stamford $1.495M
1-4 PM Prudential 16 Norton Lane Old Greenwich $1.495M
1-4 PM Raveis 16 Norton Lane Old Greenwich $1.495M
1-4 PM Raveis 24 Shore Road Old Greenwich $1.568M
2-4 PM Coldwell Bnkr 21 Cat Rock Road Cos Cob $1.599M
1-4 PM Coldwell Bnkr 30 Stonebrook Lane Cos Cob $1.68M
1-4 PM Raveis 70 Bedford Road Greenwich $1.7M
1-4 PM Coldwell Bnkr 106 Hunting Ridge Road Greenwich $1.789M
12-3 PM Prudential 320 Valley Road Cos Cob $1.795M
1-4 PM Coldwell Bnkr 318 Valley Road Cos Cob $1.795M
1-4 PM Coldwell Bnkr 127 Havemeyer Place Greenwich $1.797M
1-4 PM Raveis 525 River Road Cos Cob $1.899M
1-4 PM New England Land 29 Hunting Ridge Road Greenwich $1.95M
2-4 PM Grnwich Fine Prop 1 Idar Court #B Greenwich $1.995M
1-3 PM Reloc. Group 18 Ravenglass Drive Stamford $2.195M
1-4 PM Prudential 120 Milbank Ave Greenwich $2.275M
2-4 PM Grnwich Fine Prop 17 Candelight Place Greenwich $2.275M
1-3 PM Prudential 145 Porchuck Road Greenwich $2.3M
1-4 PM Coldwell Bnkr 191 North Street Greenwich $2.4M
2-4 PM Coldwell Bnkr 55 Shore Road Old Greenwich $2.495M
1-4 PM Coldwell Bnkr 39 Willow Road Riverside $2.695M
1-4 PM Coldwell Bnkr 5 Dawn Harbor Lane Riverside $2.785M
1-4 PM Coldwell Bnkr 20 Stoney Ridge Lane Riverside $2.849M
2-4 PM Shore & Cntry Prop 82 Glenville Road Greenwich $2.875M
2-4 PM Grnwich Fine Prop 530 North Street Greenwich $2.995M
1-4 PM Raveis 55 Will Merry Lane Greenwich $3.25M
2-4 PM Coldwell Bnkr 43 Koefferam Road Old Greenwich $3.45M
1-3 PM Prudential 27 Chieftans Road Greenwich $3.595M
2-4 PM Grnwich Fine Prop 4 Cove Ridge Lane Old Greenwich $4.195M
1-4 PM Coldwell Bnkr 585 Round Hill Road Greenwich $4.495M
1-4 PM Coldwell Bnkr 101 Brookside Drive Greenwich $4.995M
2-4 PM Grnwich Fine Prop 487 North Street Greenwich $5.495M
2-4 PM Coldwell Bnkr

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