Greenwich Real Estate Guy's Blog: October 17th Open House List and Q3 Market Report

The Greenwich Real Estate Guy's Blog: October 17th Open House List and 3rd Quarter Market Report

A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

The 2021 3rd Quarter Market Report has been published. I think it is imperative to really understand the market so once one is ready to act they are in a position to know how to proceed. One of the many aspects of Houlihan Lawrence I love is that they are aligned in this belief, and invest in great analytical tools. This is what the CEO says about the 3rd Quarter GreenwichMarket: Robust demand for homes in Greenwich, Connecticut, continued in the third quarter but at a more normalized pace than the prior quarter. Home sales rose more than 2% as buyers struggled with fewer offerings and shrugged off homes they determined to be overpriced. Ambitious sellers are learning that buyers are happy to wait for price reductions before taking the plunge, while strategically priced homes experience bidding wars. On average, it took only 87 days to sell a home in the third quarter - a 50% decline from a year ago - suggesting buyers remain poised to leap when the right opportunity comes to market. Continued low mortgage rates coupled with significant investment portfolio appreciation in the last few years have given home-seekers more buying power adding fuel to unit sales and pricing here. The Cos Cob area experienced the most significant uptick in sales and price with a nearly 40% jump in closings and a 30% increase in median price as buyers found greater value in this centrally located part of town. Buyers and sellers in Old Greenwich raced to contract faster in the quarter than anywhere else in town in an average of just 38 days on the market! And homes that sold in Riverside in Q3 did so, on average, over their asking price. The top sales in the quarter were located in the Belle Haven peninsula, suggesting that luxury buyers love living close to, or on, Greenwich’s 31 miles of coastline. More detailed information on our market areas is in the pages that follow. Houlihan Lawrence celebrated eight years in Greenwich during the quarter. We are inspired by the community here and grateful for our agents, loyal clients, and support team for making us the #1 brokerage serving this wonderful hometown. Thank you. With Warm Regards, Liz Nunan President and CEO

Open House List October 17th

If you're still on the fence about which mortgage lender to choose, check out this helpful guide from Money Magazine:  https://money.com/best-mortgage-lenders/. Whether you want to compare brands, take a look at market projections, or see how COVID-19 has affected the current market, they analyzed all of the key aspects of choosing a mortgage lender so that you can pick the best one for your specific needs. I have paid to allow clients to open up portals to see all listings as they come on the market real time 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.   Feel free to subscribe here to receive each post. Please do not hesitate to email (jrandall@houlihanlawrence.com) or call (203-273-1034) if I can assist in any way.    Best,                                                                                                                       Jared Randall                                                 Join my Mailing List  Houlihan Lawrence Greenwich                     Search Properties  www.greenwichrealestateguy.com           cell: 203-273-1034                      View My Website  email:  jrandall@houlihanlawrence.com     Like me on Facebook

Greenwich Real Estate Guy's Blog: October 10th Open House List and Q3 Market Report

The Greenwich Real Estate Guy's Blog: October 10th Open House List and 3rd Quarter Market Report

A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

The 2021 3rd Quarter Market Report has been published. I think it is imperative to really understand the market so once one is ready to act they are in a position to know how to proceed. One of the many aspects of Houlihan Lawrence I love is that they are aligned in this belief, and invest in great analytical tools. This is what the CEO says about the 3rd Quarter GreenwichMarket: Robust demand for homes in Greenwich, Connecticut, continued in the third quarter but at a more normalized pace than the prior quarter. Home sales rose more than 2% as buyers struggled with fewer offerings and shrugged off homes they determined to be overpriced. Ambitious sellers are learning that buyers are happy to wait for price reductions before taking the plunge, while strategically priced homes experience bidding wars. On average, it took only 87 days to sell a home in the third quarter - a 50% decline from a year ago - suggesting buyers remain poised to leap when the right opportunity comes to market. Continued low mortgage rates coupled with significant investment portfolio appreciation in the last few years have given home-seekers more buying power adding fuel to unit sales and pricing here. The Cos Cob area experienced the most significant uptick in sales and price with a nearly 40% jump in closings and a 30% increase in median price as buyers found greater value in this centrally located part of town. Buyers and sellers in Old Greenwich raced to contract faster in the quarter than anywhere else in town in an average of just 38 days on the market! And homes that sold in Riverside in Q3 did so, on average, over their asking price. The top sales in the quarter were located in the Belle Haven peninsula, suggesting that luxury buyers love living close to, or on, Greenwich’s 31 miles of coastline. More detailed information on our market areas is in the pages that follow. Houlihan Lawrence celebrated eight years in Greenwich during the quarter. We are inspired by the community here and grateful for our agents, loyal clients, and support team for making us the #1 brokerage serving this wonderful hometown. Thank you. With Warm Regards, Liz Nunan President and CEO

Open House List October 10th

If you're still on the fence about which mortgage lender to choose, check out this helpful guide from Money Magazine:  https://money.com/best-mortgage-lenders/. Whether you want to compare brands, take a look at market projections, or see how COVID-19 has affected the current market, they analyzed all of the key aspects of choosing a mortgage lender so that you can pick the best one for your specific needs. I have paid to allow clients to open up portals to see all listings as they come on the market real time 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.   Feel free to subscribe here to receive each post. Please do not hesitate to email (jrandall@houlihanlawrence.com) or call (203-273-1034) if I can assist in any way.    Best,                                                                                                                       Jared Randall                                                 Join my Mailing List  Houlihan Lawrence Greenwich                     Search Properties  www.greenwichrealestateguy.com           cell: 203-273-1034                      View My Website  email:  jrandall@houlihanlawrence.com     Like me on Facebook

Greenwich Real Estate Guy's Blog: October 3rd Open House List and Q3 Market Report

The Greenwich Real Estate Guy's Blog: October 3rd Open House List and 3rd Quarter Market Report A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

I am on a flight back to California to visit my parents where I grew up in Lake Tahoe. So, I apologize due to timing on flight, there will not be a featured property. However, the Open House list is updated and I have attached our 3rd Quarter Market Report. This is one of the most important reports as the 3rd quarter is when the Greenwich market really started to take off. So, these next few quarters will really be able to see if the market is staying strong. Obviously very strong numbers all the way around. We need to monitor this report over the next few months and see if the lack of inventory frustrates buyers to the point of looking elsewhere or not engaging. With the summer traveling subsiding, now would be a good time to start thinking of marketing your home if you so choose. I would welcome the opportunity to sit down and discuss what makes us the best firm and create a market analysis so you know the worth of your property.                      Open House List October 3rd If you're still on the fence about which mortgage lender to choose, check out this helpful guide from Money Magazine:  https://money.com/best-mortgage-lenders/. Whether you want to compare brands, take a look at market projections, or see how COVID-19 has affected the current market, they analyzed all of the key aspects of choosing a mortgage lender so that you can pick the best one for your specific needs. I have paid to allow clients to open up portals to see all listings as they come on the market real time 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.   Feel free to subscribe here to receive each post. Please do not hesitate to email (jrandall@houlihanlawrence.com) or call (203-273-1034) if I can assist in any way.    Best,                                                                                                                       Jared Randall                                                 Join my Mailing List  Houlihan Lawrence Greenwich                     Search Properties  www.greenwichrealestateguy.com           cell: 203-273-1034                      View My Website  email:  jrandall@houlihanlawrence.com     Like me on Facebook

Greenwich Real Estate Guy's Blog: September 26th Open House List and Q2 Market Report

Greenwich Real Estate Guy's Blog: September 26th Open House List

A weekly analysis brought to you by Greenwich Real Estate Guy. www.greenwichrealestateguy.com

Pictured above is 94 Dingletown Road. The house has five bedrooms with three full baths and one half baths. It is listed at 3,722 sf. This home was built in 1970 but one of the most beneficial aspects of the property is it is 1.98 acres on an one acre zone. Hence, many options to expand. The price is $2.75M and has an open house Sunday from 1-3 p.m. Beautifully set back off of Dingletown Road this private inviting five-bedroom home with an idyllic backyard retreat nestled on 1.98 idyllic landscaped acres with pool, spa and new outdoor kitchen in mid-country. Highlights include an upgraded eat-in kitchen and adjacent family room with fireplace flanked by bookcases, both with access to new expansive deck; living room with fireplace, French doors to stone patio; playroom with bay windows overlooking the picturesque property; dining room, powder room and laundry. The second floor offers a master suite with fireplace, bath and walk-in closet; private guest suite with separate staircase, Jack/Jill bath; three bedrooms and hall bath. With the summer traveling subsiding, now would be a good time to start thinking of marketing your home if you so choose. I would welcome the opportunity to sit down and discuss what makes us the best firm and create a market analysis so you know the worth of your property..

Open House List September 26th

If you're still on the fence about which mortgage lender to choose, check out this helpful guide from Money Magazine:  https://money.com/best-mortgage-lenders/. Whether you want to compare brands, take a look at market projections, or see how COVID-19 has affected the current market, they analyzed all of the key aspects of choosing a mortgage lender so that you can pick the best one for your specific needs. I have paid to allow clients to open up portals to see all listings as they come on the market real time 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.   Feel free to subscribe here to receive each post. Please do not hesitate to email (jrandall@houlihanlawrence.com) or call (203-273-1034) if I can assist in any way.    Best,                                                                                                                       Jared Randall                                                 Join my Mailing List  Houlihan Lawrence Greenwich                     Search Properties  www.greenwichrealestateguy.com           cell: 203-273-1034                      View My Website  email:  jrandall@houlihanlawrence.com     Like me on Facebook

Greenwich Real Estate Guy's Blog: September 19th Open House List and Q2 Market Report

Pictured above is 10 Gate Field Road.. The house has five bedrooms with six full baths and one half baths. It has beautiful interior details as it was built in 1974 on 2.08 acres in a two acre zone. There are 5,757 s.f. of living space and is priced at $3.595M. The open house is from 1-3 p.m. on Sunday. Located in desirable Mid-Country Greenwich on 2+ level acres with professionally landscaped gardens, a pristine pool & a tennis court, this stately Colonial home offers both luxury and privacy. Beautifully maintained & updated, this 5,757-SF home features 5BR, 6.5BA, formal living/dining rooms, an exceptional library/home office, a spacious kitchen+solarium, family room, gym, a separate guest suite & a lower level teen space/playroom. The expansive primary bedroom suite has 2 spa-like bathrooms & custom walk-in closets. The fenced pool/spa is surrounded by a magnificent English garden with a wisteria-covered pergola, climbing roses & much more. Location convenient to the Merritt Parkway & Greenwich Ave. This is Greenwich at its very best. We currently only have 270 listings for sale in all of Greenwich, that is around half what it usually is at this time.  With the summer traveling subsiding, now would be a good time to start thinking of marketing your home if you so choose. I would welcome the opportunity to sit down and discuss what makes us the best firm and create a market analysis so you know the worth of your property..

Open House List September 19th

If you're still on the fence about which mortgage lender to choose, check out this helpful guide from Money Magazine:  https://money.com/best-mortgage-lenders/. Whether you want to compare brands, take a look at market projections, or see how COVID-19 has affected the current market, they analyzed all of the key aspects of choosing a mortgage lender so that you can pick the best one for your specific needs. I have paid to allow clients to open up portals to see all listings as they come on the market real time 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.   Feel free to subscribe here to receive each post. Please do not hesitate to email (jrandall@houlihanlawrence.com) or call (203-273-1034) if I can assist in any way.    Best,                                                                                                                       Jared Randall                                                 Join my Mailing List  Houlihan Lawrence Greenwich                      Search Properties  www.greenwichrealestateguy.com           cell: 203-273-1034                        View My Website  email:  jrandall@houlihanlawrence.com      Like me on Facebook