Sunday
Aug042019
Greenwich Real Estate Guy's Blog: August 4th Open House List and 5 Lenox Drive Rental
Jared Randall
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The above picture is the kitchen to my new rental listing at 5 Lenox Road #2. Rarely, does a unit come on the market with 5 bedrooms this close to town. Just a block and half from Greenwich Avenue's shops, restaurants, and parks. Literally a stone's throw to Whole Foods and Starbucks. Five bedrooms, four full baths, and plenty of space with 2,736 s.f.
Great rental opportunity! This completely renovated apartment offers the best of in-town living on quiet street just 1 block from Greenwich Avenue's shops, restaurants, parks, and walking distance to train. Rental includes the top two floors of a beautiful turn of century home five bedrooms, four full baths and fully renovated open kitchen with dining area. Off street parking, updated appliances, easy living make this a great find. Listed at $6,950 per month.
Here is our 2nd Quarter Market Report. As you can see the market is still a trying market for sellers, where pricing and value are the two deciding factors.
There's something for everyone to enjoy in Greenwich, Connecticut during our summer months. The Town of Greenwich operates an 18-hole golf course, numerous tennis courts, a beautiful new pool, pristine beaches and even seasonal ferry service to Island Beach Park and Great Captains Island for residents. If that's not enough we have spacious inland and coastal parks for hiking, riding horses and mountain biking.
The summer, however, tends to be quieter in real estate. While we saw a modest improvement in market conditions in the second quarter it wasn't enough to erase the losses from the previous quarter. Home sales dropped 12% year over year in Q2. A weak NYC market, the impact of recent tax reforms and a perception that the market has more room to decline has kept some buyers patiently on the sidelines. Those that have stepped up and are making offers are getting value-driven deals done.
What catches a buyer's attention today? Strategic initial pricing plays a key role in reducing days on market and maximizing a selling price. In 2019, it's taken, on average, more than 230 days to sell a home. However, when a home is priced in a way that doesn't require a reduction to sell the average days on market falls to just 80 days. With inventory on the rise, it is more important than ever to price leaner than the competition. Condition also plays a critical role in attracting buyers today. Buyers are doing their initial home tours online and a seller can run the risk of rejection before the buyer even physically visits a home. Savvy sellers have noticed and are sprucing up their homes and often staging them to get more online clicks, showings and offers.
Among the highlights from the second quarter was a nearly 40% jump in the geography North of the Merritt Parkway. Buyers have taken notice of price declines here and stepped in to take advantage of the value propositions. Mid-Country Greenwich also experienced a nearly 8% increase in home sales last quarter. Value is proving to dictate where the buyers perform.
We are grateful to our world class agents and loyal clients who have made Houlihan Lawrence retain our leadership position in Greenwich, Connecticut for more than four and a half years. Thank you.
There are 82 Open Homes this Sunday.
| Street Name | Area | List Price | Time | Listing Office |
| 179 Connecticut Avenue | Greenwich | $6.2K | 1-3 p.m. | Coldwell Banker |
| 66 Gregory Road | Cos Cob | $9.5K | 1-3 p.m. | Sotheby's |
| 2 Buxton Lane | Riverside | $10.5K | 12-2 p.m. | Centric |
| 350 Riversville Road | Greenwich | $12.5K | 2:30-4:30 p.m. | Coldwell Banker |
| 27 Bayside Terrace #B | Riverside | $17.5K | 1-3 p.m. | Sotheby's |
| 1525 E. Putnam #301 | Old Greenwich | $290K | 12-2 p.m. | Sotheby's |
| 190 Putnam Park | Greenwich | $378.8K | 2-4 p.m. | Raveis |
| 1465 E. Putnam #307 | Old Greenwich | $410K | 1-3 p.m. | Keller Williams |
| 1465 E. Putnam #119 | Old Greenwich | $439K | 11-1 p.m. | Raveis |
| 3 W. End Court | Old Greenwich | $499K | 12-2:30 p.m. | Coldwell Banker |
| 7 River Road #309 | Cos Cob | $629K | 1-3 p.m. | Douglas Elliman |
| 50 Laddins Rock | Old Greenwich | $695K | 1-4 p.m. | Raveis |
| 1 Scott Lane | Greenwich | $699K | 12-2 p.m. | Coldwell Banker |
| 104 Greenwich Hills | Greenwich | $724K | 12-3 p.m. | Raveis |
| 7 Upland Street #E | Greenwich | $729K | 1-3 p.m. | BHHS |
| 193 Hamilton Avenue #10 | Greenwich | $749K | 1-4 p.m. | Houlihan Lawrence |
| 33 Halsey Drive | Old Greenwich | $750K | 1-3 p.m. | Sotheby's |
| 17 Kent Place | Cos Cob | $775K | 2-4 p.m. | Raveis |
| 29 Sheephill Road | Riverside | $795K | 1-3 p.m. | Coldwell Banker |
| 29 Sheephill Road | Riverside | $795K | 1-3 p.m. | Coldwell Banker |
| 188 Henry Street #B | Greenwich | $799K | 1-3 p.m. | Coldwell Banker |
| 115 River Road #7 | Cos Cob | $850K | 11-1 p.m. | Executive |
| 53 William Street #B | Greenwich | $898K | 12-2 p.m. | Redfin |
| 27 Maplewood Drive | Cos Cob | $899K | 12-2 p.m. | Coldwell Banker |
| 27 Annjim Drive | Greenwich | $1.075M | 12-2 p.m. | Douglas Elliman |
| 160 Byram Shore | Greenwich | $1.15M | 1-3 p.m. | Sotheby's |
| 160 Byram Shore | Greenwich | $1.15M | 1-3 p.m. | Sotheby's |
| 1 Rockview Drive | Greenwich | $1.24M | 1-3 p.m. | Halstead |
| 35 Windsor Lane | Cos Cob | $1.25M | 2-4 p.m. | BHHS |
| 9 Dartmouth Road | Cos Cob | $1.25M | 1-3 p.m. | BHHS |
| 73 Weaver Street #15 | Greenwich | $1.325M | 2-4 p.m. | Raveis |
| 4 Shelter Drive | Cos Cob | $1.42M | 2-4 p.m. | Raveis |
| 88 Milbank Avenue | Greenwich | $1.475M | 12-2 p.m. | Raveis |
| 88 Milbank Avenue | Greenwich | $1.475M | 12-2 p.m. | Raveis |
| 88 Milbank Avenue | Greenwich | $1.475M | 12-2 p.m. | Raveis |
| 63 Wildwood Drive | Greenwich | $1.498M | 12-2 p.m. | Coldwell Banker |
| 3 Old Farm Lane | Old Greenwich | $1.549M | 1-3 p.m. | Compass |
| 106 Hunting Ridge | Greenwich | $1.575M | 1-3 p.m. | Charles Paternina |
| 7 Lia Fail Way | Cos Cob | $1.595M | 2-4 p.m. | Houlihan Lawrence |
| 6 Buxton Lane | Riverside | $1.595M | 2-4 p.m. | BHHS |
| 37 Meyer Place | Riverside | $1.65M | 1-3 p.m. | Raveis |
| 60 Lockwood Lane | Riverside | $1.695M | 1-3 p.m. | BHHS |
| 55 Church Street #B | Greenwich | $1.699M | 2:30-4:30 p.m. | Coldwell Banker |
| 10 Schubert Lane | Cos Cob | $1.815M | 1-3 p.m. | BHHS |
| 6 Carissa Lane | Greenwich | $1.899M | 2-4 p.m. | Sotheby's |
| 7 Grey Rock Drive | Greenwich | $1.949M | 11:30-1 p.m. | Sotheby's |
| 6 Wyngate Road | Greenwich | $1.995M | 1-3 p.m. | Houlihan Lawrence |
| 11 Anthony Place | Riverside | $1.995M | 12-2 p.m. | Five Corners |
| 12 Dorchester Lane | Riverside | $1.999M | 1-3 p.m. | Coldwell Banker |
| 1 Ford Lane | Old Greenwich | $2.0875M | 12-4 p.m. | BHHS |
| 350 Riversville Road | Greenwich | $2.15M | 2:30-4:30 p.m. | Coldwell Banker |
| 66 Gregory Road | Cos Cob | $2.195M | 1-3 p.m. | Sotheby's |
| 39 North Ridge Road | Old Greenwich | $2.195M | 1-3 p.m. | Sotheby's |
| 6 Hemlock Drive | Greenwich | $2.195M | 12-2 p.m. | BHHS |
| 10 Edgewood Drive #3B | Greenwich | $2.295M | 1-3 p.m. | Sotheby's |
| 23 Annjim Drive | Greenwich | $2.449M | 1-2:30 p.m. | Douglas Elliman |
| 8 Robin Place | Old Greenwich | $2.495M | 2-4 p.m. | BHHS |
| 35 Chapel Lane | Riverside | $2.5M | 2-4 p.m. | Coldwell Banker |
| 100 Hendrie Avenue | Riverside | $2.595M | 2:30-4 p.m. | Centric |
| 2 Buxton Lane | Riverside | $2.595M | 12-2 p.m. | Centric |
| 42 Winding Lane | Greenwich | $2.695M | 1-3 p.m. | Houlihan Lawrence |
| 102 Hendrie Avenue | Riverside | $2.795M | 2:30-4 p.m. | Douglas Elliman |
| 21 Tomac Avenue | Old Greenwich | $2.895M | 1-2:30 p.m. | BHHS |
| 67 Maher Avenue | Greenwich | $2.895M | 1:30-3 p.m. | Douglas Elliman |
| 378 Taconic Road | Greenwich | $2.95M | 2-4 p.m. | Coldwell Banker |
| 15 Mountain Laurel | Greenwich | $2.95M | 10-12 p.m. | Charles Paternina |
| 11 Dialstone Lane | Riverside | $2.995M | 12-2 p.m. | Five Corners |
| 7 Nawthorne Road | Old Greenwich | $2.995M | 1-3 p.m. | Sotheby's |
| 27 Bayside Terrace #B | Riverside | $3.295M | 1-3 p.m. | Sotheby's |
| 23 Maher Avenue | Greenwich | $3.295M | 1-3 p.m. | BHHS |
| 8 Rockwood Lane | Greenwich | $3.295M | 2-4 p.m. | Houlihan Lawrence |
| 19 Andrews Road | Greenwich | $3.299M | 2-4 p.m. | William Pitt Sotheby's |
| 27 Bayside Terrace #A | Riverside | $3.395M | 1-3 p.m. | Sotheby's |
| 141 Milbank #West | Greenwich | $3.399M | 2-4 p.m. | Coldwell Banker |
| 62 Lockwood Road | Riverside | $3.495M | 1-3 p.m. | Houlihan Lawrence |
| 141 Milbank Avenue | Greenwich | $3.599M | 2-4 p.m. | Coldwell Banker |
| 26 Cobb Island Drive | Greenwich | $3.695M | 1-3 p.m. | Abart Estate |
| 291 Stanwich Road | Greenwich | $3.7M | 2-4 p.m. | Sotheby's |
| 50 Lockwood Avenue | Old Greenwich | $3.995M | 12- 1p.m. | Douglas Elliman |
| 3 Hill Road | Greenwich | $4.095M | 2-4 p.m. | Centric |
| 25 Tomac Avenue | Old Greenwich | $4.595M | 1-3 p.m. | Halstead |
| 141 Milbank Avenue | Greenwich | $6.9M | 2-4 p.m. | Coldwell Banker |
I have paid to open the MLS to you, so feel free to search properties based on your own parameters or set up a portal to get notifications on a customized search. For readers that just follow on the Greenwich Patch I will not be posting all entries on the patch. You can read all postings at www.greenwichrealestateguy.com/blog.
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Best,
Jared Randall Join my Mailing List
Houlihan Lawrence Greenwich Search Properties
cell: 203-273-1034 View My Website
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