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Super Bowl Slows Greenwich Real Estate Open Houses

7 Open Houses; Buyer Activity Up, 70 Sales Pending

We have a great weekend for open houses. Lots of new listings, good weather, strong buyer interest and yet we only have 7 open houses this weekend. Even though kick-off is isn't until 6:25 Greenwich open houses are down around 80% due to the Super Bowl.

Interactive Map and List

Now for those folks that are interested in the open houses that are being held this weekend the list of open houses appear below the market report. A color coded static map of the open houses is at right along with photos of several of Sunday's open houses. You can see the interactive map here and find detailed instructions for its use here.

Market Report

January was a really good month for real estate in Greenwich, but you wouldn't know from the number of sales. Only 28 single family home sales were reported by the GMLS for the month of January. Last year we had 34 sales and the year before that in 2010 we had 38 sales as reported by the Greenwich Town Clerk.

We'll pick up a few more non-GMLS sales, but most likely only a couple. The lower sales reflect the uncertain market in the the fourth quarter of 2011 when these sales went to contract. What makes January a good month and a sign of the upturn in the market are the 70 pending sales that we have in all price ranges even at the high end.

  Contracts     Sales      Total < $600K 10 3 13 $600-$800K 12 0 12 $800K-$1M 6 2 8 $1-$1.5M 11 4 15 $1.5-$2M 10 6 16 $2-$3M 8 5 13 $3-$4M 4 4 8 $4-$5M 3 0 3 $5-$10M 5 3 8 > $10M 1 1 2         TOTAL 70 28 98

The buyer's attitude also is changing and people are moving ahead to close deals. So while open houses will slow down this weekend while everyone gets ready for the Super Bowl the market is continuing to heat up.

OPEN HOUSE LIST

Address Town List Price   Time Office ML Number 89 Harbor Dr  #210 Stamford 395,000   1-4 PM Prudential 80959 9 Melrose Ave Greenwich 799,000   1-4 PM Weichert 81040 8 Arnold St Old Greenwich 927,000   1-3 PM Sotheby's   72 Shore Rd Old Greenwich 1,250,000   1-4 PM Prudential   16 Heronvue Rd Greenwich 1,395,000   1-3 PM Weichert 81100 487 North St, Lots 2&3 Greenwich 5,000,000   2-4 PM Coldwell Bnkr 81149 487 North St Lot 1 Greenwich 6,995,000   2-4 PM Coldwell Bnkr 80541

Thanks again to Rob Pulitano, my fellow agent from Prudential, for helping to prepare the database.

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