About Me

 

 Jared G Randall

Houlihan Lawrence

100 West Putnam Avenue

Greenwich, CT 06830

Cell:    203-273-1034

Office: 203-869-0700 x40250

email: jrandall@HoulihanLawrence.com

 

 

Saturday
May302015

Greenwich CT, Residential Real Estate Blog and Analysis: May 29th

Greenwich, CT Residential Real Estate Blog and Analysis:  
May 29th
A weekly analysis brought to you by Greenwich Real Estate Guy.

All charts, graphs, analysis are as of end of April, I will update for end of May next week.  Attached is the greater Greenwich report for April that Houlihan Lawrence puts out.  If, you would like to be added to receive the Greater Greenwich (all of Greenwich), or the town reports for Greenwich, Cos Cob, Riverside, or Old Greenwich, send me a quick note and I can set you up.  Also, I would be happy to run any customized analysis for you.
Pictured above is 97 Shore Road.   This house sits on .48 acres in a quarter acre zone.  This property is about the location.  South of Old Greenwich Village and very close to the beach you can envision easy summer living.  Coincidentally two of my favorite aspects of the house was the front porch, and the outdoor fireplace in the back. Built in 1900 there is a charm that exudes in different parts of the home.  The house is currently 3,620 s.f. 5 bedrooms, four full and one half bath, and a two car garage.The house has been on the market 25 days and is priced at $3.15M.
I have included a link to the 1st Quarter Market Report my firm puts out for your review.

Here is a link to the Greater Greenwich April report:
 
 

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

 

As you can see we are trending close to last year's sold numbers.  In April 59 properties sold this year vs. 57 last year.

 

New Listings

We had 157 new properties listed in Greenwich in April which is always the biggest month of new listings.  However, it is down from last years totals.

 

  
Year to Date Sold

The value in these two charts are comparing the market of what is available vs. what has sold.  These two graphs really break down the competition in the price ranges.  For example, $0-$2M is 63% of the sold properties ytd.  Yet, the inventory of 0-$2M is only 35% of the total inventory on the market.  

 
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
0-$500K 4.5 4 9.6
$500K-$1M 6.3 4.2 7.5
$1M-$1.5M 4.8 4.5 6
$1.5M-$2M 6.9 7 8.8
$2M-$3M 10.1 8 14
$3M-$4M 31 20.5 25.5
$4M-$5M 54.3 26.6 30.3
$5M-$7.5M 49.1 30.2 34.6
$7.5M-$10M 20.4 36 31.3
$10M+ 41.7 76.5 80.5

Looking at these two charts really shows the market and the difference between last year.  The numbers typically go up in April, as that is the month that the most amount of inventory hits the market.  It is interesting to see this year's 

Open Houses for May 31st
  
Below are the 41 Open Houses this Sunday.  

Street Name Area List Price Time Listing Office
1465 E. Putnam #404 Old Greenwich $375K 1-4 p.m. Raveis
1465 E. Putnam #119 Old Greenwich $429.9K 1-3 p.m. Raveis
147 Putnam Park Greenwich $485K 1-4 p.m. Raveis
7 River Road #304 Cos Cob $647.9K 2-4 p.m. Coldwell Banker
50 Almira Drive #B Greenwich $695K 1-3 p.m. Sotheby's
12 Bonwit Road Riverside $850K 1-4 p.m. Houlihan Lawrence
22 Wescott Street Riverside $865K 1-4 p.m. Houlihan Lawrence
16 Hickory Drive Greenwich $925K 1-4 p.m. Sotheby's
172 Field Point #9 Greenwich $985K 2-4 p.m. BHHS
450 Riversville Road Greenwich $1.2M 1-4 p.m. BHHS
15 Stone Brook Lane Cos Cob $1.35M 1-4 p.m. Weichert
51 Circle Drive Greenwich $1.35M 2-4 p.m. Coldwell Banker
51 Glen Road Greenwich $1.395M 1-4 p.m. BHHS
14 Mead Avenue Cos Cob $1.525M 2-4 p.m. Coldwell Banker
365 Round Hill Road Greenwich $1.695M 1-3 p.m. Davenport
0 Doubling Road Greenwich $1.695M 1-1 p.m. Sotheby's
89 Mallard Drive Greenwich $1.755M 1-3 p.m. Houlihan Lawrence
6 Carriage Road Cos Cob $1.775M 1-3 p.m. Coldwell Banker
108 Glenville Greenwich $1.892M 12:30-2 p.m. DMK
318 Stanwich Road Greenwich $1.895M 1-4 p.m. Houlihan Lawrence
2 Finney Knoll Riverside $1.949M 1-3 p.m. Coldwell Banker
37 Mianus View Cos Cob $1.975M 1-4 p.m. BHHS
2 Boxwood Lane Greenwich $1.995M 1-3 p.m. Raveis
39 Lockwood Drive Old Greenwich $2.15M 2-4 p.m. Houlihan Lawrence
7 Heusted Drive Old Greenwich $2.15M 1-4 p.m. BHHS
7 Stag Lane Greenwich $2.175M 1-3 p.m. Higgins Group
69 Mallard Drive Greenwich $2.295M 1-3 p.m. Sotheby's
18 Cat Rock Cos Cob $2.375M 1-3 p.m. Keller Williams
28 Sawmill Lane Greenwich $2.575M Sat. 10:30-2 p.m. Charles Paternina
33 Pleasant Street Riverside $2.77M 1-4 p.m. BHHS
3 Little Cove Place Old Greenwich $2.85M 1-4 p.m. BHHS
97 Shore Road Old Greenwich $3.15M 1-3 p.m. Houlihan Lawrence
30 Burning Tree Road Greenwich $3.187M 1-3 p.m. Raveis
21 Pecksland Road Greenwich $3.575M 1-3 p.m. Sotheby's
70 Sherwood Avenue Greenwich $3.775M Sat 1-4 p.m. Charles Paternina
11 Stallion Trail Greenwich $3.849M 2-4 p.m. Houlihan Lawrence
19 Desiree Drive Greenwich $3.995M 1-3 p.m. David Ogilvy
0 Doubling Road Greenwich $4.495M 1-3 p.m. Sotheby's
1 Ashton Drive Greenwich $4.995M 1-4 p.m. Coldwell Banker
26 Jones Park Riverside $5.425M 1-4 p.m. BHHS
36 Perkins Road Greenwich $5.959M 1-3 p.m. Sotheby's
Best,                                                                     
                                                                                  
Jared Randall                                                 Join my Mailing List
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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 NMLSR ID 404288.

 

 

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.

 

 

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