I hope this newsletter finds everyone well. Since, I could never figure out what picture to put at the top of this newsletter, I thought I might as well switch it up every week. So, every week the picture will be of a house I have toured that I think is of good value and I will write a quick synopsis of why I feel that way. The above picture is of 2 Parsonage Road. It is currently listed at $4,295,000 The link is 2 Parsonage Road. Obviously, as one can tell by the pictures it is a beautiful house with great details an amenities. However, what attracts me the most is the value I believe. It is located at the corner of Parsonage and North Street. So, the buyer will have the opportunity to own an 8,000 sf house, but have the ability to walk to town, while still almost having an acre of lot size. The history of the property is also where I see value. It was bought in March of 2008 for $3,684,375 as a 4,926 square foot house. I am assuming the owners did some work and tried to sell it in late August of 2008 for $4,425,000 at 6,500 square feet. Today, it is 8,000 sf, with new roof, heated floors, top end appliances, and beautiful molding. It also has incredible amenities such as finished lower level with exercise room, play room and wine cellars. It has five bedrooms, 6.5 baths, and four fireplaces. Hence, when you couple the location, the top end renovations, and the amenities, you have a house you would think you would find in back country, with the charm of North Street, and in town living at a reasonable price.
This week is the week I feel things may start to catch up. For the first time we have looked at these values, we had the same amount of properties close, as new listings come on. As we have discussed and you can see by the charts below we have been a tad off of last year's pace in sold properties but have been on a faster pace of new listings. Hence, adding more inventory to the marketplace. There were 24 properties sold this past week, with 24 new listings as well.
Below you will find my analysis of the market, open houses, as well as mortgage information. I am still working on touching it up, but feel free to check it out at www.greenwichrealestateguy.com.
The highest compliment I can receive is the referral of someone you know who is looking to buy or sell their home. Call me with their name and number so I can give them the first class service they deserve.
Best,
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