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

 

 

Sunday
Jan062019

The Greenwich Real Estate Guy's Blog: December 16th Open House List

The Greenwich Real Estate Guy's Blog: December 16th Open House List
A weekly analysis brought to you by Greenwich Real Estate Guy.
 
 
Hard to imagine the holidays are here.  There are 49 Open Houses this Sunday.  I will be at 33 Butler Street from 1-4 p.m. this Sunday.
A few thoughts on the Greater Greenwich Single Family Homes Market Overview report:

  • Home sales are +5% this year. (Darien sales are -19%, fyi)
  • Median Prices are flat vs. 2017 @ $1.78 Million
  • Average Prices are -9%n (high-end is selling but at lower price than last year)
  • It takes - on average - 195 days to sell a home in Greenwich.
  • Sellers are getting 90% of ORIGINAL asking price and 95% of last list price.
  • The $2m-$4m range(s) are the big winners of 2018.
If I can run a customized analysis please let me know.
There are 49 Open Homes this Sunday.
Street Name Area List Price Time Listing Office
75 Long Meadow Riverside $5.5K 1-3 p.m. Gen Next
45 William Street #A Greenwich $6.8K 1-3 p.m. BHHS
17 Lincoln Avenue Greenwich $8.9K 9-9  a.m,  Sotheby's
7 Shelter Drive Cos Cob $9.5K 12-2 p.m. Raveis
123 Maple Avenue Greenwich $12K 1-3 p.m. Houlihan Lawrence
40 W. Elm Street #6D Greenwich $15K 1-3 p.m. Sotheby's
333 Palmer Hill #2F Riverside $575K 1-3 p.m. Sotheby's
7 River Road #304 Cos Cob $647K 1-3 p.m. Raveis
10 Fletcher Avenue Greenwich $679K 1-3 p.m. Raveis
3 W. End Court Old Greenwich $699K 1-3 p.m. Coldwell Banker
20 Hervey Street Greenwich $699K 1-4 p.m. Coldwell Banker
31 Moshier Street #A Greenwich $899K 12:30-2 p.m. Raveis
33 W. Putnam #1E Greenwich $899K 1-3 p.m. Kinard Realty
56 Sherwood Place #9 Greenwich $1.049M 1-2:30 p.m. Compass
3 Wyndover Lane Cos Cob $1.149M 2-4 p.m. Keller Williams
14 Neil Lane Riverside $1.15M 12-2 p.m. Coldwell Banker
45 William Street #A Greenwich $1.195M 1-3 p.m. BHHS
75 Long Meadow Road Riverside $1.229M 1-3 p.m. Gen Next
7 Jackson Street Cos Cob $1.28M 1:30-4 p.m. Keller Williams
33 BUTLER STREET Cos Cob $1.345M 1-4 p.m. Houlihan Lawrence
17 Connecticut Avenue Greenwich $1.595M 1:30-3:30 p.m. Raveis
64 Hawthorne Street Greenwich $1.595M 1-3 p.m. Sotheby's
5 Neighborly Way Riverside $1.695M 1-3 p.m. BHHS
14 Hoover Road Riverside $1.749M 1-3 p.m. Coldwell Banker
51 Ridge Street Greenwich $1.995M 1-4 p.m. Raveis
17 Lincoln Avenue Greenwich $1.999M 1-4 p.m. Sotheby's
15 Shady Lane Greenwich $2.065M 2-4 p.m. Coldwell Banker
34 Wescott Street Riverside $2.099M 1-3 p.m. Keller Williams
6 Hemlock Drive Greenwich $2.195M 1-3 p.m. Houlihan Lawrence
2 Randolph Place Cos Cob $2.195M 2-4 p.m. Coldwell Banker
42 Indian Head Riverside $2.195M 2-4 p.m. JDS Real Estate
552 River Road Cos Cob $2.25M 2-4 p.m. Coldwell Banker
554 River Road Cos Cob $2.5M 2-4 p.m. Coldwell Banker
150 Riverside Avenue Riverside $2.5M 1-3 p.m. BHHS
523 North Street Greenwich $2.595M 1-3 p.m. Halstead
51 Sheephill Road Riverside $2.695M 1-3 p.m. Raveis
95 Stanwich Road Greenwich $2.75M 1-3 p.m. Raveis
111 Dingletown Road Greenwich $2.799M 1-3 p.m. BHHS
34 Circle Drive Greenwich $2.875M 2-4 p.m. Raveis
607 Riversville Road Greenwich $2.895M 1-3 p.m. BHHS
100 Cat Rock Road Cos Cob $3.143M 11-1 p.m. Coldwell Banker
106 Lockwood Road Riverside $3.199M 2-4 p.m. Coldwell Banker
19 S. End Court Old Greenwich $3.295M 12-2 p.m. Five Corners
11 Dialstone Lane Riverside $3.35M 12-2 p.m. Five Corners
123 Maple Avenue Greenwich $3.495M 1-3 p.m. Houlihan Lawrence
50 Lockwood Avenue Old Greenwich $3.995M 2-4 p.m. Raveis
184 Shore Road Old Greenwich $4.195M 1-3 p.m. Coldwell Banker
16 Boulder Brook Greenwich $4.7M 1-3 p.m. Coldwell Banker
10 West Crossway Old Greenwich $5.285M 1-3 p.m. Raveis
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.   
If easier, please 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 
cell:  203-273-1034                                         View My Website 
       
  
Sunday
Jan062019

The Greenwich Real Estate Guy's Blog: December 9th Open House List

The Greenwich Real Estate Guy's Blog: December 9th Open House List
A weekly analysis brought to you by Greenwich Real Estate Guy.
 
 

 

Pictured above is 45 West Brother and will have an open house from 2-4 p.m. on Sunday.  The price is $5.395M.

Extraordinary, brand new six-bedroom home built by Campbell Development, sits on a landscaped .52 acre in gated Milbrook community. Luxurious finishes and exquisite custom millwork unify three expansive levels with a signature double height stairwell, white oak floors, 10' ceilings and elevator. Highlights include chef's eat-in kitchen open to family room with beamed ceiling, modern sliding doors to terrace; living room with fireplace and French doors to covered porch; paneled study; second floor master suite with balcony, vaulted ceiling, walk-in closets, marble bath; lower level rec/play/family room with fireplace, en-suite bedroom and attached two car garage. Apply for membership to the Milbrook Club with golf, tennis and swimming.
There are 58 Open Homes this Sunday.
Street Name Area List Price Time Listing Office
86 Lower Cross Road Greenwich $9.5K 1-4 p.m. BHHS
12 Glenville Street #205 Greenwich $515K 1-4 p.m. Houlihan Lawrence
51 Old Kings Hwy #15 Old Greenwich $559K 12-2 p.m. Raveis
28 Edgewood Avenue Greenwich $585K 1-3 p.m. BHHS
333 Palmer Hill #2F Riverside $609.9K 1-3 p.m. Sotheby's
7 River Road #303 Cos Cob $644K 2-4 p.m. The Higgins Group
25 Hollow Wood Lane Greenwich $675K 1-3 p.m. Coldwell Banker
351 Pemberwick Road #505 Greenwich $690K 1-4 p.m. Coldwell Banker
60 Valley Road #B Cos Cob $850K 12-2 p.m. Coldwell Banker
3 Park Avenue Old Greenwich $935K 1-3 p.m. Coldwell Banker
24 Harold Street #B Cos Cob $987.5K 11-1 p.m. Coldwell Banker
24 Harold Street #A Cos Cob $987.5K 11-1 p.m. Coldwell Banker
81 Indian Field Road Greenwich $998K 1-4 p.m. BHHS
14 Neil Lane Riverside $1.15M 1-3 p.m. Coldwell Banker
10 Limerick Place Cos Cob $1.175M 1-3 p.m. Raveis
6 Ferris Drive Old Greenwich $1.199M 1-3 p.m. Houlihan Lawrence
360 Cognewaugh Road Cos Cob $1.225M 1:30-3:30 p.m. White Oak
14 Indian Pass Greenwich $1.25M 10-12 p.m. New England Land
7 Jackson Street Cos Cob $1.28M 11-1 p.m. Keller Williams
37 Fairway Lane Greenwich $1.299M 2-4 p.m. Coldwell Banker
53 Ridge Street Greenwich $1.595M 2-4 p.m. Houlihan Lawrence
17 Connecticut Avenue Greenwich $1.595M 1:30-3:30 p.m. Raveis
64 Hawthorne Street Greenwich $1.595M 1-3 p.m. Sotheby's
1 Lia Fail Way Cos Cob $1.649M 1-3 p.m. Coldwell Banker
34 Hettiefred Road Greenwich $1.649M 1-3 p.m. Coldwell Banker
5 Neighborly Way Riverside $1.695M 1-3 p.m. BHHS
27 Elskip Lane Greenwich $1.695M 12-2 p.m. Keller Williams
14 Hoover Road Riverside $1.749M 12-2 p.m. Coldwell Banker
51 Ridge Street Greenwich $1.995M 2-4 p.m. Raveis
86 Lower Cross Road Greenwich $1.995M 1-4 p.m. BHHS
17 Lincoln Avenue Greenwich $1.999M 1-4 p.m. Sotheby's
481 Round Hill Road Greenwich $2.095M 2-4 p.m. David Ogilvy
9A Benders Drive Greenwich $2.098M 12-3 p.m. Houlihan Lawrence
40 Lincoln Avenue Greenwich $2.195M 1-3 p.m. Houlihan Lawrence
6 Hemlock Drive Greenwich $2.195M 1-3 p.m. Houlihan Lawrence
2 Randolph Place Cos Cob $2.195M 2-4 p.m. Coldwell Banker
552 River Road Cos Cob $2.25M 2-4 p.m. Coldwell Banker
22 Indian Head Road Riverside $2.354M 1-4 p.m. BHHS
77 Sawmill Lane Greenwich $2.375M 1-2:30 p.m. Raveis
62-68 Sound View #2S Greenwich $2.449M 1-3 p.m. Houlihan Lawrence
62-68 Sound View #1S Greenwich $2.495M 1-3 p.m. Houlihan Lawrence
39 Bedford Road Greenwich $2.5M 1-3 p.m. Coldwell Banker
554 River Road Cos Cob $2.5M 2-4 p.m. Coldwell Banker
17 Dialstone Lane Riverside $2.55M 11-1 p.m. Coldwell Banker
34 Circle Drive Greenwich $2.875M 1-3 p.m. Raveis
398 Field Point Road Greenwich $3.199M 1-3 p.m. Coldwell Banker
106 Lockwood Road Riverside $3.199M 1-3 p.m. Coldwell Banker
19 S End Court Old Greenwich $3.295M 1-3 p.m. Five Corners
11 Dialstone Lane Riverside $3.35M 1-3 p.m. Five Corners
141 Milbank Avenue W Greenwich $3.875M 1-3 p.m. Coldwell Banker
141 Milbank Avenue  Greenwich $3.975M 1-3 p.m. Coldwell Banker
50 Lockwood Avenue Old Greenwich $3.995M 11-12:30 p.m. Raveis
184 Shore Road Old Greenwich $4.195M 1-3 p.m. Coldwell Banker
36 Perkins Road Greenwich $4.295M 2-4 p.m. Compass
25 Tomac Avenue Old Greenwich $5.2M 1-3 p.m. BHHS
75 Oneida Drive Greenwich $5.25M 2-4 p.m. Houlihan Lawrence
45 W Brother Drive Greenwich $5.395M 2-4 p.m. Houlihan Lawrence
10 West Crossway Old Greenwich $5.485M 1-3 p.m. Raveis
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.   
If easier, please 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 
cell:  203-273-1034                                         View My Website 
       
  

 

 

Sunday
Jan062019

The Greenwich Real Estate Guy's Blog: December 2nd Open House List

The Greenwich Real Estate Guy's Blog: December 2nd  Open House List
A weekly analysis brought to you by Greenwich Real Estate Guy.
 
 

 

Pictured above is 33 Butler Street.  Enjoy a wonderful indoor/outdoor lifestyle in this updated four-bedroom, two and a half bath home with a great deck, inviting stone terrace and greenhouse, set back on a well-landscaped, level .39 acre within walking distance to trains, schools, shopping, Cos Cob and Loughlin Parks. The sunny interior, with wood floors in most rooms, radiant skylights and three sets of sliding doors to the terrace, offers a granite clad kitchen with center island seating and stainless appliances; living and dining rooms with a vaulted beamed ceiling and fireplace; bay window seat and fireplace in family room; and mudroom. The private master suite boasts a vaulted ceiling with a skylight. Three additional bedrooms occupy the other side of the home. Also includes an outdoor shower and attached garage.  We have reduced the price to $1.345M.  I will be hosting an open house from 1-4 p.m. on Sunday.
There are 76 Open Homes this Sunday.
Street Name Area List Price Time Listing Office
453 E. Putnam #4H Cos Cob $3.4K 1-4 p.m. BHHS
17 Carriglea Drive Riverside $7.999K 1-4 p.m. Houlihan Lawrence
6 Knoll Street Riverside $8.8K 12-2 p.m. Coldwell Banker
7 Shelter Drive Cos Cob $9.5K 1-3 p.m. Raveis
184 Parsonage Road Greenwich $13.5K 1-3 p.m. BHHS
31 Sawmill Lane Greenwich $13.5K 1-3 p.m. BHHS
12 Glenville Street #205 Greenwich $515K 1-3 p.m. Houlihan Lawrence
37 Sheephill Road #6 Riverside $589K 1-3 p.m. Douglas Elliman
333 Palmer Hill #2F Riverside $609.9K 1-3 p.m. Sotheby's
453 Putnam #4H Cos Cob $649K 1-4 p.m. BHHS
25 Hollow Wood Lane Greenwich $675K 1-4 p.m. Coldwell Banker
351 Pemberwick Road #605 Greenwich $690K 1-3 p.m. Coldwell Banker
20 Hervey Street Greenwich $725K 1-3 p.m. Coldwell Banker
11 River Road #116 Cos Cob $748K 1-3 p.m. Houlihan Lawrence
60 Prospect Street #B Greenwich $765K 1-3 p.m. Coldwell Banker
60 Valley Street #B Cos Cob $850K 1-3 p.m. Coldwell Banker
80 Sound Beach Riverside $989K 1-4 p.m. Keller Williams
43 Sundance Drive Cos Cob $1.019M 1-3 p.m. Sotheby's
41 Sound Beach Avenue Old Greenwich $1.03M 1-3 p.m. Coldwell Banker
56 Sherwood Place #9 Greenwich $1.049M 1-2:30 p.m. Compass
14 Neil Lane Riverside $1.15M 1-3 p.m. Coldwell Banker
60 Sound Beach Avenue Old Greenwich $1.15M 1-4 p.m. Coldwell Banker
95 Valleywood Road Cos Cob $1.195M 1-3 p.m. BHHS
360 Cognewaugh Road Cos Cob $1.225M 1:30-3:30 p.m. White OaK
14 Indian Pass Greenwich $1.25M 1-4 p.m. New England Land
48 Dandy Drive Cos Cob $1.287M 1-3 p.m. Coldwell Banker
7 Jackson Street Cos Cob $1.295M 11-1 p.m. Keller Williams
33 BUTLER STREET Cos Cob $1.345M 1-4 p.m. Houlihan Lawrence
15 Mansion Place Greenwich $1.35M 1-3 p.m. Coldwell Banker
4 Banksville Road Greenwich $1.399M 1-4 p.m. Coldwell Banker
56 Byram Shore Greenwich $1.425M 1-3 p.m. Coldwell Banker
17 Connecticut Avenue Greenwich $1.595M 1-3 p.m. Raveis
64 Hawthorne Street Greenwich $1.595M 1-3 p.m. Sotheby's
5 Neighborly Way Riverside $1.695M 2:30-4:40 p.m. BHHS
14 Hoover Road Riverside $1.749M 1-3 p.m. Coldwell Banker
20 Innis Lane Old Greenwich $1.795M 2-4 p.m. New England Land
20 Mohawk Lane Greenwich $1.895M 1-3 p.m. BHHS
14 Knoll Street Riverside $1.895M 1-4 p.m. Houlihan Lawrence
46 Sawmill Lane Greenwich $1.995M 1-3 p.m. Houlihan Lawrence
51 Ridge Street Greenwich $1.995M 2-4 p.m. Raveis
26 Nimitz Place Old Greenwich $2.095M 1-4 p.m. Houlihan Lawrence
2 Randolph Place Cos Cob $2.195M 2-4 p.m. Coldwell Banker
40 Lincoln Avenue Greenwich $2.195M 1-3 p.m. Houlihan Lawrence
552 River Road Cos Cob $2.25M 2-4 p.m. Coldwell Banker
6 Knoll Street Riverside $2.395M 12-2 p.m. Coldwell Banker
23 Woodland Drive #B Greenwich $2.395M 1-3 p.m. Coldwell Banker
23 Woodland Drive #A Greenwich $2.495M 1-3 p.m. Coldwell Banker
554 River Road Cos Cob $2.5M 2-4 p.m. Coldwell Banker
39 Bedford Road Greenwich $2.5M 1-3 p.m. Coldwell Banker
7 Shelter Drive Cos Cob $2.5M 1-3 p.m. Raveis
17 Dialstone Lane Riverside $2.55M 12:30-2:30 p.m. Coldwell Banker
17 Carriglea Drive Riverside $2.699M 1-4 p.m. Houlihan Lawrence
17 Carriglea Drive Riverside $2.699M 1-4 p.m. Houlihan Lawrence
95 Stanwich Road Greenwich $2.75M 1-3 p.m. Raveis
43 Sawmill Lane Greenwich $2.795M 1-3 p.m. Houlihan Lawrence
100 Hendrie Avenue Riverside $2.825M 1-3 p.m. Centric
34 Circle Drive Greenwich $2.875M 1:30-3:30 p.m. Raveis
23 Woodland Drive #C Greenwich $2.895M 1-3 p.m. Coldwell Banker
607 Riversville Road Greenwich $2.895M 1-3 p.m. BHHS
8 Sherwood Farm Lane Greenwich $2.995M 2-4 p.m. Sotheby's
19 S. End Court Old Greenwich $3.295M 11-1 p.m. Five Corners
184 Parsonage Road Greenwich $3.295M 1-3 p.m. BHHS
106 Lockwood Road Riverside $3.298M 1-4 p.m. Coldwell Banker
11 Dialstone Lane Riverside $3.35M 11-1 p.m. Five Corners
7 Binney Lane Old Greenwich $3.475M 12-2 p.m. Sotheby's
48 Pecksland Road Greenwich $3.5M 1-4 p.m. Douglas Elliman
141 Milbank West Greenwich $3.875M 1-3 p.m. Coldwell Banker
141 Milbank Avenue Greenwich $3.975M 1-3 p.m. Coldwell Banker
31 Sawmill Lane Greenwich $4.495M 1-3 p.m. BHHS
16 Boulder Brook Greenwich $4.7M 1-3 p.m. Coldwell Banker
25 Dublin Hill Road Greenwich $4.895M 2-4 p.m. Raveis
2 Lauder Way Greenwich $5.295M 1-3 p.m. Houlihan Lawrence
10 West Crossway Old Greenwich $5.485M 1-3 p.m. Raveis
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.   
If easier, please 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 
cell:  203-273-1034                                         View My Website 
       
  

 

 

Sunday
Jan062019

Greenwich Real Estate Guy's Blog: November 25th Open House List

The Greenwich Real Estate Guy's Blog: November 25th Open House List
A weekly analysis brought to you by Greenwich Real Estate Guy.
 
 

 

I hope everyone enjoyed their Holiday.  Greenwich has been named Safest city in America.  This recognition comes after Greenwich was ranked number one as the safest community to raise a family.  You can read the article here:

There are 26 Open Homes this Sunday.
Street Name Area List Price Time Listing Office
929 King Street Greenwich $3.6K 1-3 p.m. William Pitt Sotheby's
6 Knoll Street Riverside $8.8K 1-3 p.m. Coldwell Banker
25 Hollow Wood Lane Greenwich $675K 1-3 p.m. Coldwell Banker
929 King Street Greenwich $705K 1-3 p.m. William Pitt Sotheby's
20 Hervey Street Greenwich $725K 1-3 p.m. Coldwell Banker
49 Indian Harbor #6 Greenwich $889.5K 1-3 p.m. Davenport
33 W. Putnam #1E Greenwich $920K 1-3 p.m. Kinard
7 Jackson Street Cos Cob $1.295M 11-1 p.m. Keller Williams
224 Stanwich Road Greenwich $1.349M 1-3 p.m. Coldwell Banker
224 Stanwich Road Greenwich $1.349M 1-3 p.m. Coldwell Banker
22 Mianus View  Terrace Cos Cob $1.499M 1-3 p.m. Houlihan Lawrence
17 Connecticut Avenue Greenwich $1.595M 1:30-3:30 p.m. Raveis
28 Wesskum Wood Riverside $1.775M 1:30-3:30 p.m. Sotheby's
51 Ridge Street Greenwich $1.995M 1-3 p.m. Raveis
34 Wescott Street Riverside $2.099M 1-3 p.m. Keller Williams
2 Randolph Place Cos Cob $2.195M 2-4 p.m. Coldwell Banker
9 Grimes Road Old Greenwich $2.295M 1-3 p.m. Halstead
91 Sawmill Lane Greenwich $2.295M 1-3 p.m. Sotheby's
6 Knoll Street Riverside $2.395M 1-3 p.m. Coldwell Banker
119 Lockwood Road Riverside $2.65M 1-3 p.m. Halstead
34 Circle Drive Greenwich $2.875M 1-3 p.m. Raveis
19 S. End Court Old Greenwich $3.295M 11-1 p.m. Five Corners
62 Sterling Road Greenwich $3.54M 2-4 p.m. Compass
141 Milbank Avenue West Greenwich $3.875M 1-3 p.m. Coldwell Banker
141 Milbank Avenue Greenwich $3.975M 1-3 p.m. Coldwell Banker
11 Round Hill Club Greenwich $9.975M 2-4 p.m. Halstead
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.   
If easier, please 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 
cell:  203-273-1034                                         View My Website 
       
  

 

 

Sunday
Jan062019

Greenwich Real Estate Guy's Blog: Greenwich Q3 Market Report and Open House List November 18th

The Greenwich Real Estate Guy's Blog: Greenwich Q3 Market Report and Open House List November 18th
A weekly analysis brought to you by Greenwich Real Estate Guy.
 
 

 

Pictured above is our third quarter market report.
A message from our CEO and President in regards to the 3rd Quarter:
Teamwork is everything and we are honored to remain the leading brokerage in Greenwich, thanks to our world-class agents, innovative marketing strategies, and having you, our community, as part of the team as well.

Home sales in Greenwich rose an impressive 26% in the third quarter as sellers adjusted to market conditions prompting value oriented buyers to make their moves.

The good news is that there are many potential home buyers that would like to buy homes in our community, including those looking to move out of New York City. But the market in NYC has been soft, and those that own co-ops and condos are having trouble selling their properties for the prices they expect. The softness in the New York City market is causing buyers to delay buying homes in Greenwich.

Higher interest rates are also a factor that creates a need for a more strategic approach. The average rate on a 30-year mortgage recently crossed the 5 percent mark. Buying a home is getting more expensive as rates rise.

For first time home buyers, a slight increase in rates, even as they remain at historically low levels, often creates hesitation and doubt. But smart buyers also realize that waiting to buy a home could make that interest rate impact even more costly, because the trend remains upward.

In the past, sellers could throw out a high price initially to test the upside potential of the market. The risk was only that the price would have to be lowered. But given the unique challenges of this market, it is not advisable to 'fish' for an unrealistic price. Missing the opportunities tied to the initial listing price could have long term consequences.

Our team approach, which includes thoughtful value-driven pricing is working. Buyers do make deals when they see the homes they want, in the new or the like new condition they require. Sellers that understand that, and get their properties priced right and in the right condition are positioned to win.

Despite all the challenges out there, Greater Greenwich home sales rose in the third quarter, while average prices declined. We are also feeling an uptick of new energy in the marketplace as we enter the final quarter of 2018.

Some regional statistics we'd like to share:

Greenwich North of the Parkway presented opportunity for savvy buyers. Declining prices lifted sales. This year, sales in the $3M-$4M range here have surged an impressive 133%.

Buyers are prioritizing being close to schools, Greenwich Avenue, and the train to New York City. That helped drive impressive gains in home sales South of the Parkway. More affordable homes encouraged deals, as both average and median prices declined.
Greenwich South of Post Road, despite its proximity to the water, saw a decline in overall home sales with properties taking longer to sell. One bright spot, when homes did sell, the price was closer to the asking price than last year.

Affordability drove the biggest uptick in home sales in the Cos Cob section of town. The strong demand resulted in higher prices, presenting a winning combination for sellers who got on board with value pricing.

EXECUTIVE SUMMARY
THIRD QUARTER 2018

Riverside, which offers a prime commuting location near the train to New York City and to schools, was the only other neighborhood to experience the sellers win-win scenario of rising home sales and prices. Homes sold quickly, with the shortest days on market in town. On average smart sellers waited only 113 days for a deal this past quarter.

For residents of Old Greenwich, buyers very much want to be part of the community and sales picked up last quarter. The area's 148-acre waterfront park, its beaches, yacht club, along with shopping and dining, draw in buyers. But the market remains challenging in terms of prices, and to get the higher sales, prices dropped compared to last year.

The condo market is also facing challenges. But when properties do sell, deals are being made closer to the asking price. That is a sign that sellers are coming to an understanding that pricing a property correctly will lead to sales.

The conversation is becoming increasingly focused on the continued rise in interest rates and the impact it is having on affordability. While this is not something that can be controlled, we can work together to manage the best approach.

Buyers must be aware that time is no longer on their side. Sitting on the sidelines is getting more and more expensive. A slight increase in a mortgage rate can have a meaningful impact on monthly payments, and could place a desired property out of their budget.
Sellers are facing a challenging situation. Holding on to unrealistic prices is a risk that could result in an unsold home. Buyers that would be looking at their home may have to adjust their search to more value priced properties, leaving sellers with few options.
We hope, and expect, the result will be a balanced and more active market. Smart sellers will become more comfortable with value pricing and get deals done. Buyers will realize that with rates moving higher, they must move forward to lock in their new homes, and the still-historically low mortgage rates.

This is a challenging but potentially an exciting time. We're glad to be on your team.

Stephen Meyers Chris Meyers 
CEO                    President

There are 41 Open Homes this Sunday.
Street Name Area List Price Time Listing Office
929 King Street Greenwich $3.6K 1-3 p.m. William Pitt Sotheby's
167 Bedford Road Greenwich $12.5K 12-2 p.m. Raveis
2 Homestead Lane #206 Greenwich $350K 1-3 p.m. Coldwell Banker
50 Almira Drive #B Greenwich $699K 12-2 p.m. Houlihan Lawrence
929 King Street Greenwich $705K 1-3 p.m. William Pitt Sotheby's
20 Hervey Street Greenwich $725K 1-4 p.m. Coldwell Banker
60 Prospect Street #B Greenwich $765K 1-3 p.m. Coldwell Banker
60 Valley Road #B Cos Cob $850K 2-4 p.m. Coldwell Banker
11 Gard Court Greenwich $879K 2-4 p.m. Coats International
49 Indian Harbor #6 Greenwich $889.5K 1-3 p.m. Davenport Properties
17 Dandy Drive Cos Cob $895K 1-3 p.m. Raveis
59 Stanwich Road Greenwich $915K 2-4 p.m. Raveis
33 Putnam Avenue#1E Greenwich $920K 1-3 p.m. Kinard
17 Mallard Drive Greenwich $1.149M 2-4 p.m. Houlihan Lawrence
3 Wyndover Lane Cos Cob $1.17M 2-4 p.m. Keller Williams
360 Cognewaugh Road Cos Cob $1.275M 1:30-3:30 p.m. White Oak
7 Jackson Street Cos Cob $1.295M 1-3 p.m. Keller Williams
11 Tamarack Place Greenwich $1.295M 1-3 p.m. Keller Willimas
15 Mansion Place Greenwich $1.35M 1-3 p.m. Coldwell Banker
365 Round Hill Greenwich $1.359M 2-4 p.m. Davenport
36 Sherwood Avenue Greenwich $1.57M 2-4 p.m. Houlihan Lawrence
9 Comly Terrace Greenwich $1.575M 1-3 p.m. Coldwell Banker
17 Connecticut Avenue Greenwich $1.595M 1:30-3:30 p.m. Raveis
53 Ridge Street Greenwich $1.595M 1:30-3:30 p.m. Houlihan Lawrence
4 Shelter Drive Cos Cob $1.65M 1-3 p.m. Raveis
35 Indian Field Road Greenwich $1.695M 1-3 p.m. Halstead
633 Round Hill Road Greenwich $1.75M 1-3 p.m. Houlihan Lawrence
284 Riversville Road Greenwich $1.895M 12-2 p.m. Raveis
481 Round Hill Road Greenwich $2.095M 2-4 p.m. David Ogilvy
6 Hemlock Drive Greenwich $2.195M 1-3 p.m. Houlihan Lawrence
40 Lincoln Avenue Greenwich $2.195M 1-3 p.m. Houlihan Lawrence
62-68 Sound View #2S Greenwich $2.449M 1-3 p.m. Houlihan Lawrence
62-68 Sound View #1S Greenwich $2.495M 1-3 p.m. Houlihan Lawrence
39 Bedford Road Greenwich $2.5M 2-4 p.m. Coldwell Banker
34 Circle Drive Greenwich $2.875M 1-3 p.m. Raveis
8 Rockwood Lane Spur Greenwich $2.895M 1-3 p.m. Houlihan Lawrence
372 Cedar Hill Greenwich $2.995M 1-2:30 p.m. Douglas Elliman
532 North Street Greenwich $3.395M 1-3 p.m. Houlihan Lawrence
45 W. Brother Drive Greenwich $5.395M 1-3 p.m. Houlihan Lawrence
42 Mooreland Road Greenwich $6.599M 12-3 p.m. Sotheby's
11 Round Hill Club Greenwich $9.975M 2-4 p.m. Halstead
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.   
If easier, please 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,                                                                     
                                                                                  
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