An Early Spring Real Estate Market in Greenwich - 60 Open Houses Today

Interactive Map and List of Greenwich Open Houses

The list of open houses appears below with the market report. A color coded static map of the open houses  is above. You can see the interactive map here and find detailed instructions for its use here. If you mouse over any  pin on the map a box will pop-up with the address, time and price of the open house. If you click on a pin or on an address in the right column of the map a larger balloon will pop-up.

Market Report

The market continues very active with 28 listings going off the market with either accepted offers, contracts and sales and only 24 new listings. Normally, you'd expect inventory to be expanding at this point, but the buyers seem to be ahead of the sellers.

Sales

As has been the case throughout the recovery from the Great Recession here in Greenwich the lower end of the market continues to lead the higher end. Of the 6 sales we had in the past week the highest went for $1,735,000 after being on the market for 298 days. Three of these properties at this lower end of the market were on the market for less than 90 days.

Contracts

Among executed contracts six of nine properties were listed for less than $1,000,000 and the highest list price was $2.8 million. Among the 13 accepted offers and contingent contracts we had 4 listed at over $2 million, but none over $5 million.

New Listings

Sellers, particularly, under $2 million really need to get in the game. We only had 24 new listings in the past week. Not bad, but inventory is still shrinking when it should be expanding. Under $2MM we only had 13 new listings come on the market and 4 of those were condos or co-ops. As a result we only have 9 new houses to show clients in this price range and only 2 of those houses are in Old Greenwich.

Over $4 Millon

Old Greenwich did have a spectacular house come on for $10.5 M in Old Greenwich. Even at this price, I bet this house fronting Long Island Sound is gone by the end of June. Nine of the new listings are over $4MM so this segment continues to grow, but several of these new listings are on waterfront a segment that continues to move quickly.

Rob Pulitano's comment

[As well as a Realtor, Rob works with his father Pat Pulitano, one of the deans of the Greenwich architects.] My observations on the construction side of the housing market are that we are starting to see more speculators coming into the market, especially in the Old Greenwich and Riverside sections of town.  Banks are still not lending for speculation. Any loans for construction are given for owner occupied residences only. Of course this implies that speculators are much more confident putting their own capital at risk.

OPEN HOUSE LIST FOR 2/26/12

Address Town  List Price 
Open House Time Broker ML Number 7 West Crossway Old Greenwich  $      6,250
1-4 PM Grnwch Cust RE Serv
55 Burning Tree Rd. Greenwich  $      9,000
2-4 PM Raveis
1525 E. Putnam Ave. #101 Old Greenwich  $   285,000
1-4 PM Coldwell Bnkr 80459 1525 E. Putnam Ave.  #301 Old Greenwich  $   325,000
1-4 PM Raveis
53 Putnam Park  #53 Greenwich  $   339,000
1-4 PM Raveis
1465 E. Putnam Ave.  #216 Old Greenwich  $   359,000
12-3 PM Coldwell Bnkr 81338 89 Harbor Dr.  # 210 Stamford  $   395,000
1-4 PM Prudential
34 Talbot Ln. Greenwich  $   445,000
12-2 PM Coldwell Bnkr
112 Putnam Park  #112 Greenwich  $   499,000
1-3 PM Shore & Cntry 79846 21 Cary Rd. Riverside  $   499,000
12-2 PM Coldwell Bnkr 79760 86 W. Ritch Ave. Greenwich  $   509,000
2-4 PM Prudential
201 River Run Greenwich  $   512,500
1-4 PM Prudential
150 Prospect St  #4 Greenwich  $   535,000
2-4 PM Sotheby's
1 Shore Rd  #14 Stamford  $   550,000
1-3 PM Coldwell Bnkr 81399 76 Putnam Park  #76 Greenwich  $   560,000
1-4 PM Raveis
5 Glen St. Greenwich  $   585,000
2-4 PM Raveis
71 View St. Greenwich  $   595,000
2-4 PM Sotheby's
9 Melrose Ave. Greenwich  $   739,000
1-4 PM Weichert 81040 11 Orchard St. Cos Cob  $   749,000
1-4 PM Prudential
5 Mulberry Ln. Cos Cob  $   759,000
1-4 PM Raveis
34 Amherst Rd. Riverside  $   798,000
1-3 PM Coldwell Bnkr 81401 28 Woods Ave. Greenwich  $   799,000
11-1:30 PM Raveis
43 Summit Rd. Riverside  $   850,000
1-3 PM Raveis
123 W. Lyon Farm Dr.  #123 Greenwich  $   875,000
1:30-4 PM Round Hill Prtnrs 81347 24 Marshall St. Old Greenwich  $   897,000
1-4 PM Raveis
172 Field Point Rd  # 8 Greenwich  $   899,000
1-4 PM Prudential
54 Terrace Ave. Riverside  $   945,000
2-4 PM Sotheby's
45 Indian Mill Rd. Cos Cob  $1,195,000
2-4 PM Sotheby's
240 Sheephill Rd. Riverside  $1,225,000
2-4 PM Sotheby's
6 Meadowbank Rd. Old Greenwich  $1,350,000
1-3 PM Round Hill Prtnrs 72268 43 Long Meadow Rd. Riverside  $1,369,000
1-3 PM Coldwell Bnkr
42 Stonebrook Ln. Cos Cob  $1,399,000
2-4 PM Sotheby's
54 Valleywood Rd. Cos Cob  $1,475,000
2-4 PM Coldwell Bnkr 81122 11 Flower Ln. Greenwich  $1,575,000
2-4 PM Sotheby's
5 Lejeune Ct. Old Greenwich  $1,580,000
1-3 PM Coldwell Bnkr 81375 55 Burning Tree Rd. Greenwich  $1,795,000
2-4 PM Raveis
82 Buckfield Ln. Greenwich  $1,850,000
1-4 PM Exit Adv Realty
24 Burning Tree Rd. Greenwich  $1,895,000
2-4 PM Sotheby's
304 Riverside Ave. Riverside  $1,900,000
1-4 PM Prudential 80933 118 Dolphin Cove Quay Stamford  $1,995,000
1-4 PM Prudential 79842 11 Dorchester Ln. Riverside  $2,095,000
1-3 PM Prudential
18 Flying Cloud Rd. Stamford  $2,375,000
1-4 PM Prudential 80692 7 West Crossway Old Greenwich  $2,499,000
1-4 PM Grnwch Cust RE Serv
243 Dolphin Cove Quay Stamford  $2,500,000
1-4 PM Prudential 77579 96 E. Elm St.  #2 Greenwich  $2,695,000
2-4 PM Sotheby's 78849 9 Wallasy Way Riverside  $2,735,500
2-4 PM Sotheby's
331 Round Hill Rd. Greenwich  $2,950,000
2-4 PM Coldwell Bnkr 79912 45 Cedar Cliff Rd Riverside  $2,975,000
2-4 PM Sotheby's
165 Lake Ave Greenwich  $3,000,000
12-4 PM Weichert
42 Bote Rd. Greenwich  $3,300,000
12-4 PM Grnwch Fine Prop 81280 19 Thunder Mountain Rd. Greenwich  $3,350,000
2-4 PM Sotheby's
191 Shore Rd. Old Greenwich  $3,475,000
2-4 PM Sotheby's
542 North St. Greenwich  $3,700,000
1-3 PM Coldwell Bnkr 80267 24 Marks Rd. Riverside  $3,999,000
2-4 PM Sotheby's
26 Marks Rd. Riverside  $3,999,000
2-4 PM Sotheby's
137 Milbank Ave. Greenwich  $4,395,000
2-4 PM Sotheby's
120 Oneida Dr. Riverside  $4,500,000
2-4 PM Sotheby's
3 Cherry Blossom Ln. Greenwich  $5,295,000
1-3 PM Coldwell Bnkr 81045 504 North St. Greenwich  $7,495,000
2-4 PM Coldwell Bnkr 79896