Has the market turned?  This is the question I hear most when people ask me about Real Estate.  The above pictured 184 Parsonage Road came on the market yesterday and I feel this will help us understand if the market has changed.  The above Colonial has five bedrooms and five baths.  It has 5,018 s.f. and beautiful landscaping with an impressive front stone wall with automatic gates.  Some of the amenities are a custom kitchen, beautiful master bedroom and bath, and au-pair/in-law apartment with separate interior stairs.  I believe this is a good property to see where the market is headed as we have had a couple of properties change status on Parsonage and a few within a stone's throw that have closed.  Most surprising is that 27 Bobolink Lane closed yesterday for $4.5M.  The asking price was $3.95M.  It was on the market for only 42 days and went for $505K over asking.  Scroll down for more detailed data on the state of the market and the Open House list for Sunday.

We have a total of 582 active properties (single family, condos, and co-ops) for sale.  That is up from 573 last.  Continuing the grow in inventory mentioned in previous editions.  All price ranges have grown except the $2M-$3M range actually dropped four properties. Feel free to compare the numbers of month on average, the sold by price range percentages, and new listing vs. sold numbers with previous issues at www.greenwichrealestateguy.com/blog.

I would like to thank Mark Pruner for mentioning me in the Greenwich Patch.  Mark also does his own synopsis of the Greenwich Market at www.greenwichstreets.com.  I have updated the mortgage information on the bottom of the newsletter as well.

 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

   

Again, we continue to see positive trends, the sold numbers continue to be strong and in line with the past few years even with December's incredible run.  That coupled with the fact that the inventory is growing little by little signifies we are turning the corner in my opinion.

New Listings

We continue to grow with the inventory.  So far in March we have had 76 new listings, which is in line with the past couple of years.

Happy St. Patrick's Day!!!!  Below are all of the Greenwich Open Houses for Sunday.  The first two are rentals.