Business & Tech
Inventory Up in Fall Market - 34 Open Houses in Greenwich
Greenwich High End Sales Up in September ** Time Running Out for 2012 Listing and Sale **
The fall market is well underway and sales in most categories continue at a nice pace, particularly at the high end. We have a good assortment of open houses in every neighborhood from backcountry in the northwest corner to Old Greenwich in the southwest corner. Prices for the 34 open houses range from a co-op for $335,000 in Putnam Park to a beautiful house for $7 million on Club Road in Riverside.
You can see the live interactive map here and the full open house list below. If you know the address of the open house just click on it in the left box and a balloon will pop-up at the map location of the listing. Click on the MLS number in the balloon to get details on the property.
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GREENWICH REAL ESTATE MARKET REPORT
The Greenwich MLS reports 44 Greenwich houses sold in the month of September. These sales are in line with the past couple of years. We are continuing to see the improvement at the high end. As you can see from a $ 2,991,291 average for the September sales. Even the median of the 44 September sales is $1,912,500.
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When you look at the months of supply for September you can see the effect of the fall market as we had a bunch of new listings come on the market after Labor Day. Months of supply are up slightly in most price categories up to $4M with two exceptions. Both $1 – 1.5 million and the $3-4 million price categories are up over 2.5 months as new listings exceeded sales.
The big change in the Greenwich market which started in June and has continued through September is the recovery of the over $4 million market. Earlier this year we were looking at months of supply measured in years. While we still have an over 2 year supply in all three of the over $4 million price categories, the $4 – 5 million dropped 3.3 months this month to 28.1 months and when you add in the 3 pending contracts, pending supply is drops to 25 months. As recently as April we had 62.7 months of supply, so are down almost 3 years of supply in only 5 months as sales have really picked up.
You can see why all the price categories under $4 million increased their months of supply when you look at what listings did in September. Prudential agent Jared Randall keeps a good set of numbers at http://www.greenwichrealestateguy.com.
You can see from his graph both the spring market surge of listings in March and April and the fall market’s post Labor Day surge in September. This listing surge and not a drop in sales is what accounts for September’s blip up in months of supply. It should come down as sales continue apace for the remainder of the year and listing drop. Having said that, if you are thinking of putting your house on the market before the 2013 tax increases kick in on Jan. 1st, you need to list soon. As sales follow a sine wave with the peak in June and the bottom ifrom November to February.
Rob Pulitano, Prudential agent in the Greenwich office, did a great job with this month’s list searching half a dozen places to generate the most complete list and map of Greenwich open houses anywhere. Thanks, Rob
GREENWICH, CT OPEN HOUSE LIST FOR 9/30/12
Address
Town
List Price
Open House Time
Broker
21 Cat Rock Rd
Cos Cob
$ 8,000
2-4 PM
Coldwell Bnkr
29 Lockwood Av
Old Greenwich
$ 15,500
1-4 PM
Raveis
175 Putnam Park #175
Greenwich
$ 330,000
2-4 PM
Raveis
87 Putnam Park #87
Greenwich
$ 389,000
2-4 PM
Raveis
20 Nicholas Ave
Greenwich
$ 560,000
1-4 PM
Real Living
47 Lafeyette Pl # 4-I
Greenwich
$ 599,000
1-4 PM
Prudential
19 Wescott St
Riverside
$ 779,000
2-4 PM
Coldwell Bnkr
5 North Ridge
Old Greenwich
$ 898,000
1-3 PM
Prudential
20 West End Av (Rear)
Old Greenwich
$ 899,000
2-5 PM
Raveis
17 Ronald Ln
Cos Cob
$ 959,000
1-3 PM
Raveis
349 Riversville Rd
Greenwich
$ 995,000
1-4 PM
Raveis
179 Connecticut Av
Greenwich
$1,050,000
1-3 PM
Raveis
25 Griffith Rd
Riverside
$1,099,000
2-4 PM
Raveis
128 Riverside Ave
Riverside
$1,150,000
1-4 PM
Prudential
73 Weaver St #18
Greenwich
$1,195,000
1-3 PM
Raveis
13 Center Dr
Old Greenwich
$1,245,000
1-4 PM
Sotheby's
116 Lockwood Rd
Riverside
$1,275,000
2-4 PM
Raveis
86 Lower Cross Rd
Greenwich
$1,349,000
1-4 PM
Weichert
16 Norton Ln
Old Greenwich
$1,495,000
1-4 PM
Raveis
90 Buckfield Ln
Greenwich
$1,550,000
1-4 PM
Prudential
99 Stanwich Rd
Greenwich
$1,595,000
1-3 PM
Higgins Grp
21 Cat Rock Rd
Cos Cob
$1,649,000
2-4 PM
Coldwell Bnkr
58 Orchard St Lot 1
Cos Cob
$1,695,000
1-3 PM
Raveis
30 Stonebrook Ln
Cos Cob
$1,775,000
1-4 PM
Raveis
127 Havemeyer Pl
Greenwich
$1,797,000
1-3 PM
Raveis
112 Taconic Rd
Greenwich
$1,995,000
1-4 PM
Prudential
18 Ravenglass Dr
Stamford
$2,195,000
1-4 PM
Prudential
623 Steamboat Rd #A
Greenwich
$2,950,000
1-3 PM
Ogilvy
230 Bedford Rd
Greenwich
$3,350,000
1-3 PM
Ogilvy
623 Steamboat Rd #B
Greenwich
$3,495,000
1-3 PM
Ogilvy
29 Lockwood Av
Old Greenwich
$3,495,000
1-4 PM
Raveis
71 S Baldwin Farms So
Greenwich
$3,500,000
1-4 PM
Raveis
16 Indian Head Rd
Riverside
$4,195,000
1-3 PM
Coldwell Bnkr
11 Club Rd
Riverside
$6,995,000
1-4 PM
Prudential
