Greenwich, CT Residential Real Estate Blog and Analysis: December 11th-13th

Greenwich, CT Residential Real Estate Blog and Analysis:   December 11th-13th A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

The statistics for December are still being compiled.  The open house list is updated for Sunday.  As many of you know I believe it is important to tell the story of a house, so that one can learn more about what the previous owners enjoyed about living in the home etc.  I think the write up on the above featured 5 Lockwood Drivein Old Greenwich does just that. It was love at first sight for the owners of this 4 bedroom "storybook" colonial, nestled on a quiet lane in Old Greenwich, within walking distance to the village, school, and train. The house had the charm, allure, and lifestyle that somehow made the move from the hustle and bustle of the city - "meant to be." With a 2013 renovation, including kitchen, master bath, a high-efficiency Fujitsu HVAC system, built-in cabinetry, and more improvements than can be mentioned here, this home sparkles more than ever. A huge living room with gas fireplace, an open kitchen/family room with wood-burning fireplace, a great entertaining patio and wonderful backyard all provides a lifestyle that is as picture perfect as this home. Let the next story be yours! The home is 4 bedrooms with 2 and one half baths and sits on .12 of an acre.  The house is listed at $1.695M. I have invested in my own MLS portal for individuals to set up their own custom searches.  This way people can follow their specific search by area, school, price point, lot size, s.f. etc.  Feel free to search properties.  For a customized search click the gray arrows and you can edit the fields.  For example, it is currently populated with all properties clicked.  You can just click Residential then click type, area, and price range, and you can see what is available in your specific price range. After you have narrowed the search to your liking you can click "save this search" and you can set up your own portal, and receive emails as new properties come available.  You can even track your favorites, and add notes or messages about properties.  If easier, feel free to just email me your parameters and I can set up a portal for you. Q3 Greenwich Market Report 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     The numbers for September and October are still pretty good comparatively.  I feel from the amount of showings and feedback I am hearing from other agents that it seems slower than usual. I expect this to hit the date in 60-90 days. New Listings We had 96 new listings in October which is on point with the last few years.  Year to Date Sold Looking at these two graphs as well as the months on average can really guide you on the markets in your price range.  As you can see the markets are a lot more competitive under $2M than over.   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.  The first chart is the 2014 inventory vs. sold numbers.  The second chart is inventory today vs. sold properties.        Price Range 1/31/14 2/28/14 3/28/14 4/25/14 5/16/14 7/31/14 12/31/14 0-$500K 10.2 6.0 7.0 6.1 5.5 5.6 3 $500K-$1M 9.7 8.6 9.0 8.7 8.6 5.2 3.7 $1M-$1.5M 5.5 9.5 8.9 10.3 7.8 6.4 4.4 $1.5M-$2M 8 14.5 13.6 18.4 17.8 11 6.7 $2M-$3M 4.7 9.2 11.6 14.3 14.2 11.1 7 $3M-$4M 11 13.1 11.8 14.2 14.5 10.4 9 $4M-$5M 11.9 8.9 13.1 14.4 22.1 17.7 18.4 $5M-$7.5M 20.7 32.0 39.5 59 56.6 32 25.1 $7.5M-$10M n/a n/a 71.5 51 31.5 59.5 21.6 $10M+ 22.4 27.2 42.0 22.7 33.8 29.9 35.2 Price Range 2/28/15 3/30/15 4/30/15 5/31/15 6/30/15 7/31/15 9/21/15 0-$500K 4.5 4 9.6 9.6 5.4 5.3 4.1 $500K-$1M 6.3 4.2 7.5 8.6 7.4 6.8 5.3 $1M-$1.5M 4.8 4.5 6 5.5 4 3.3 4.5 $1.5M-$2M 6.9 7 8.8 8.1 6.5 5.8 8 $2M-$3M 10.1 8 14 15 11.6 11.6 11.1 $3M-$4M 31 20.5 25.5 25.3 16.2 13.1 24.3 $4M-$5M 54.3 26.6 30.3 27.3 17.2 15.5 23.6 $5M-$7.5M 49.1 30.2 34.6 31.7 23.8 20.9 30.2 $7.5M-$10M 20.4 36 31.3 36.4 49.6 47 37.7 $10M+ 41.7 76.5 80.5 86 103.1 120.8 78 Open Houses for December 13th    Below are the 30 Open Houses this Sunday: Street Name Area List Price Time Listing Office 30 Almira Drive Greenwich $595K 1-3 p.m. Raveis 15 Maple Drive Old Greenwich $649K 1-3 p.m. Coldwell Banker 34 Wescott Street Riverside $745K 1-3 p.m. Sotheby's 84 Cognewaugh Road Cos Cob $1.049M 1-4 p.m. BHHS 11 Georgetowne North Greenwich $1.15M 1-3 p.m. Coldwell Banker 15 Stone Brook Cos Cob $1.195M 1-3 p.m. Weichert 72 Sound Beach Old Greenwich $1.295M 12-2 p.m. Raveis 44 Summit Road Riverside $1.375M 1-3 p.m. BHHS 12 Lockwood Drive Old Greenwich $1.395M 12-2 p.m. Weichert 365 Round Hill Greenwich $1.525M 1-3 p.m. Davenport 15 Taylor Drive Cos Cob $1.595M 1-3 p.m. Raveis 1 White Birch Cos Cob $1.895M 2-4 p.m. Douglas Elliman 10 Park Avenue Old Greenwich $1.9995M 12-2 p.m. Coldwell Banker 33 Pleasant Street Riverside $1.999M 1-4 p.m. BHHS 15 Bramble Lane Riverside $2.15M 2-4 p.m. Coldwell Banker 311 Cognewaugh  Cos Cob $2.175M 2-4 p.m. Weichert 11 Riversville Road Greenwich $2.295M 2-4 p.m. Douglas Elliman 116 Pecksland Greenwich $2.375M 1-3 p.m. William Pitt 39 Midbrook Lane Old Greenwich $2.395M 2-4 p.m. Raveis 93 Summit Road Riverside $2.395M 12-2 p.m. Sotheby's 443 North Street Greenwich $2.65M 2-4 p.m. Centric 8 Dearfield Drive Greenwich $3.395M 1-3 p.m. Raveis 34 Lenox Drive Greenwich $3.495M 1-4 p.m. BHHS 25 Cutler Road Greenwich $3.75M 1-3 p.m. Coldwell Banker 56 Milbank #2 Greenwich $3.895M 1-3 p.m. Coldwell Banker 8 Chapel Lane Riverside $4.175M 1-4 p.m. BHHS 524 North Street Greenwich $4.295M 1-4 p.m. BHHS 17 Heronvue Road Greenwich $4.775M 1-3 p.m. Sotheby's 11 Laurel Lane Greenwich $6.295M 1-3 p.m. Halstead 291 Stanwich Road Greenwich $6.495M 1-3 p.m. Coldwell Banker Best,                                                                                                                                                         Jared Randall                                                 Join my Mailing List Houlihan Lawrence Greenwich                     Search Properties www.greenwichrealestateguy.com                Forward to a Friend cell:  203-273-1034                                         View My Website email:  jrandall@houlihanlawrence.com     Like me on Facebook