Pictured above is 21 Sylvan Lane. This beautiful home and phenomenal location hold seven bedrooms, with four full bedrooms and three half baths. It is listed at 4,564 square feet. The price is $3.995M and the open house is from 1-3 p.m.
Close to the water from this classic white 6+ bedroom clapboard home on private lane. Sun-filled and thoughtfully restored, the interior is enhanced with intricate architectural detail and has modern layout for today's living. Principal rooms open to multiple outdoor entertaining spaces overlooking .61 acre. Fireplaces in 3-exposure living room with Dutch door to pergola covered terrace and family room adjoining state-of-the-art Kitchen by Deane. Handsome butler's bar; large breakfast rm; formal dining rm; home office. Primary suite with fireplace, sitting room and marble bath. 3rd floor for au pair/in-laws. Finished lower level with natural light has large space for play/exercise, storage & wine. Generator. Water rights. Not in flood zone. Substantial expansion possible.
Some stats of the current market:
- At the end of February in Greater Greenwich there were 98 homes in contract vs. 115 a year ago, a 15% decline.
- Greenwich South of the Parkway is the ONLY market area showing an increase in contract activity with a gain of 54%: 40 homes in contract at end of February vs. 26 a year ago.
- The biggest decline in contract activity is Greenwich North of the Parkway where we see a 63% drop year over year: 7 vs. 19 a year ago.
- Riverside is unchanged.
- Old Greenwich is down 25%
- Greenwich South of the Post Road is down 35%
- Cos Cob is down 11%
Market conditions in the region remain consistent with how 2021 ended. Strong demand and limited inventory making it opportune time to sell here - provided you have a place to go! Interesting to note that the 156 active single-family homes on the market today have been on for an average of 225 days. The 54 homes that are pending were on just 167 days - on average - before going to contract. This remains a sign that there is pricing resistance in the market by buyers who are a scared of "overpaying".
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Jared Randall
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