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PLEASE FEEL FREE TO VISIT WWW.GREENWICHREALESTATEGUY.COM/BLOG FOR A MORE VIEWER FRIENDLY VERSION, AS THE CHARTS, GRAPHS AND EXCEL DO NOT TRANSFER OVER AS WELL.
I would like to apologize for the last few weeks. The spring market is upon us and I have been busy with clients and showings. However, the numbers, analysis, and open houses are completely up to date.
Find out what's happening in Greenwichwith free, real-time updates from Patch.
The above magnificent English Manor is located at 9 Mayo Avenue. The first reason I was drawn to this property is that it is past the gates of the Belle Haven Association. However, the home sits outside of the association. Hence, you get the benefit of the security gate without the fees of the association. The home was built in 2012, and while walking through it feels like it has not been lived in. I was struck by the details of the finishes. I loved the molding of the arches, the complement of the colors of the wood with the color of the paint on the walls. There is a 1,500 s.f. basement, a heated pool, four bedrooms, five full and one half baths, three fire places, and the list goes on and on. However, for me it is the location. The ability to walk out your door and go for walks within the Belle Haven Association, as well as being close to train and Greenwich Avenue's shops and restaurants. The home has been on the market for 18 days and is listed at $5.75M.
Find out what's happening in Greenwichwith free, real-time updates from Patch.
The newsletter has had a lot of new subscribers over the last month so I wanted to take a second to explain the sections. The first section is the featured property, with a short weekly roundup of the market. The next couple of sections are charts and analysis of the market concluding with a months on average chart so one can see how their price range is doing compared to other price ranges as well as compared to earlier months and years. Following the analysis is the Open house list. I use a myriad of sources including the Greenwich Times, Greenwich Multiple Listing Service, Fairfield County Multiple Listing Service, as well as Real Estate websites such as Trulia and Zillow.
We currently have 547 total properties for sale in Greenwich. That is up 30 since March 1. Thirty new properties is a nice size jump, but when realizing that there were 114 new listings, a net of thirty does not seem so bad. Last year at this time we had 598 total properties for sale based on my April 5th, 2013 newsletter. Hence, it is a ten percent more competitive market this year than last year.
I have invested in my own MLS Search for my readers. This will give access to a lot of the listing information I have. Also, if I have already set you up with your personal portal, you will now be able to search your own searches outside of what I set up for you. Feel free to test out and search properties. I feel the best attribute is that you can save your own search and choose to get alerts as new properties come on to the market, properties are sold, or change in price. All specific to your customized search. Hence, you will speed up your learning curve, becoming an expert in the specific market you care about.
Please let me know if you would like me to provide customized information or statistics for you based on your criteria.
**The information on the featured property and all statistical information is from the Greenwich MLS.
**All opinions garnered from the statistics are my own
Properties Sold
We have had 38 properties sell so far in March. Keeping on pace for the past few years.
We have had 114 new listings so far in March. This is up from last year but down from 2011 and 2012.
Year to Date Sold
The $500K to $1M range continue to see increases. It jumped another 3 percent to 22%. We are still seeing an improvement in properties priced over $2M from last year. However, the lower priced homes have made a push in the last month. Year to Date Available
In an effort to define the different markets as a good time to buy or sale I believe one needs to look at the months on average it would take to sell through the inventory we have. This one below is the amount of months on average to sell through our current inventory based on 2014 ytd sold numbers by price range.
Price Range1/31/142/28/143/28/140-$500K10.26.07.0$500K-$1M9.78.69.0$1M-$1.5M5.59.58.9$1.5M-$2M814.513.6$2M-$3M4.79.211.6$3M-$4M1113.111.8$4M-$5M11.98.913.1$5M-$7.5M20.732.039.5$7.5M-$10Mn/an/a71.5$10M+22.427.242.0
The chart below is the amount of months on average to sell throughcurrent inventory based on all of 2013 sold numbers by price range.
I find these two charts to be very intriguing. One can see the huge discrepancy based on the 2013 numbers between the luxury market and under $3M. However, at the top if we use the inventory based on the ytd sold numbers it is not as definitive. The luxury market is doing much better than last year and each market seems to be doing relatively well.
Open Houses March 30th Below are the 25 Open Houses for Sunday. I will be hosting the open house at 36 Valleywood Road. Stop by and say hello.
Street NameAreaList PriceTimeListing Office112 Putnam ParkGreenwich$535K1-4 p.m.BHHS27 Byram TerraceGreenwich$575K2-4 p.m.Coldwell5 Kinsman LaneGreenwich$875K1-3 p.m.Shore and Country40 Ettl Lane #14Greenwich$875K2-4 p.m.Weichert13 Pleasant StreetCos Cob$885K1-3 p.m.Sothebys201 Cat Rock RoadCos Cob$1.175M1-4 p.m.BHHS123 East Elm StreetGreenwich$1.195M2-4 p.m.Coldwell35 Center DriveOld Greenwich$1.195M1-3 p.m.Halstead304 Orchard StreetGreenwich$1.285M1-4 p.m.Sothebys1017 North StreetGreenwich$1.295M2-4 p.m.Coldwell15 Stonebrook LaneCos Cob$1.35M12-3 p.m.Coldwell16 Orchard Place #BGreenwich$1.395M2-4 p.m.Coldwell6 Highview AvenueOld Greenwich$1.395M1-3 p.m.Coldwell36 Valleywood RoadCos Cob$1.495M2-4 p.m.Houlihan Lawrence469 Taconic RoadGreenwich$1.599M1-4 p.m.Weichert16 Orchard Place #AGreenwich$1.75M2-4 p.m.Coldwell69 Hillcrest Park RoadOld Greenwich$2.195M12-2 p.m.Newbridge13 St. Claire AenueOld Greenwich$2.195M1-3 p.m.Sothebys6 Gaston Farm RoadGreenwich$2.325M1-3 p.m.Coldwell333 Sound Beach AvenueOld Greenwich$2.345M2-4 p.m.Shore and Country55 Shore RoadOld Greenwich$2.349M1-3 p.m.Weichert35 Keofferam RoadOld Greenwich$2.695M1-3 p.m.Coldwell1 Ginkgo LaneGreenwich$3.375M1-3 p.m.Shore and Country20 Langhorne LaneGreenwich$6.195M1-3 p.m.Coldwell18 Pinecroft RoadGreenwich$6.2M1-4 p.m.BHHS
Best, Jared Randall Join my Mailing ListHoulihan Lawrence Greenwich Search Propertieswww.greenwichrealestateguy.com Forward to a Friendcell: 203-273-1034 View My Websiteemail: jrandall@houlihanlawrence.com Like me on Facebook
Mortgage Information
There are two individuals I feel most confident about when it comes to home mortgages. One in Manhattan and one in Greenwich. They are Jeff Ihrig of First Republic in Manhattan, and in Greenwich I prefer Treena David-Chirico of Wells Fargo.
Jeff can be reached at 646-372-5181. Treena's phone number is 203-618-3923. You can go to her website to input your specific information to receive rates. Her website is www.wfhm.com/treena-david-chirico.
