Dear Jared 

Location, Location, Location.  The above colonial is within close proximity to everything.  Located in the desirable Riverside neighborhood, within walking distance to Riverside Elementary, Eastern Middle, and the train.  The property was renovated in 2006, contains a large kitchen, four bedrooms, four and one half baths.  The square footage is listed at 3,406 s.f.  There are only two properties South of Post Road in Riverside listed for sale under $1.75M.  The listing price is $1.695M.

In a great sign for the overall market the inventory shrunk again over the last two weeks.  We went from 692 total properties to 672.    If you look below in the analytical section of the graphs, you will see we had an incredible June.  We have had a very hot start to July.  We have sold 46 properties so far in July.  The biggest growth we see is surprisingly in the $5M to $7.5M range.  In the first six months we had only sold 13 total properties.  Whereas, in the first two weeks of July we have sold 5.  Is this a one off uptick or a trend?  We will have to see if it continues. 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. 

Below are the Sold Price to List Price percentage for each of the four towns as well as some neighborhood data:

Sold Price vs. List Price

Neighborhood Data

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

   

This shows how incredible of a June we had.  June of 2011 was busy because July 1st the conveyance taxes went up.  So, this just shows the difference in this June than past Junes.  We have also had a good start to July. 

New Listings

We have had 46 properties sell in July, and 42 new listings.  The overall inventory shrank by 20, but no one price range changed too dramatically.  We had the $5M to $7.5M range sold properties grow, but the inventory in that range stayed even.

 

 

Below are all of the Greenwich Open Houses for Sunday.  Thank you to Rob Pulitano for sending me the list of open houses so I can add the links.