Greenwich, CT Real Estate Blog, Analysis, and Clickable Open House List: January 29th-31st

Dear Patch Readers,

Pictured above is 18 Lexington Avenue Unit #B located in downtown Greenwich. Just a couple of blocks of the shops, parks, and restaurants of Greenwich Avenue. As you can see by reading below in the Q4 report and the year over year statistics, this is the market that has been the strongest in Greenwich over the past year. The downtown condo market is where we are seeing downsizes as well as first time home buyers choose this option giving up the desire for land for the desire to have the conveniences of the train to NYC, parks, dinners out, and shopping without having to get in a car. The above condo is 3 bedrooms 3 full baths and one half bath, is listed as having 3,064 s.f. and sits on .17 of an acre. It was built in 2012 and has the feel of brand new construction when you are inside. The list price is $2.395M.

Houlihan Lawrence Q4 Greenwich Market Report

Quick takeaways: Total market transactions were up 1.9% year over year. With the sales prices being up 3.5%. However, that is a little deceiving as the condo market was incredible. Condo units sold were up 15.8% while the average prices up 14%. Single family homes in Greenwich transactions were down 1.3% and average prices down 1.2%.

Houlihan Lawrence is the #1 brokerage serving Greenwich, Old Greenwich, Cos Cob and Riverside in 2015. As a team we sold over $800M in property and I am very proud to be a part of such an elite team of agents as we look forward to 2016.
Happy New Year. Thank you for following the blog and subscribing to the newsletter. When I came up with the idea for this blog I never thought it would have this far of a reach. There are over 1,100 agents in Greenwich. When you include the four private or off market sales I did last year, I ranked in the top 3% of all Greenwich Realtors in total units sold as well as total dollar volume. It means a lot that out of the many options out there you chose to work with me in such an important decision. I wish you and your family a joyous 2016.
Sampling of my 2015 Closings:
2 Oneida Drive Unit #B2

120 Pilgrim Drive

71 Maher Avenue sale side (Private deal)

71 Maher Avenue buy side (Private deal)

40 Riverside Lane

5 Lenox Drive (Multi Family but I feel more value as single)

184 Stanwich Road

34 Bruce Park Avenue #B

1535 East Putnam #301

50 Lafayette Place #2G

10 James Street (non GMLS and Bank Owned)

6 Lucy Street 1465 E. Putnam #530

If, you know anyone who is looking to buy or sale in Greenwich, please do not hesitate to send me their contact information. I would be honored to help in anyway possible. I have invested in my own MLS portal for individuals to set up their own custom searches. This way people can follow their specific search by area, school, price point, lot size, s.f. etc. Feel free to search properties. For a customized search click the gray arrows and you can edit the fields. For example, it is currently populated with all properties clicked. You can just click Residential then click type, area, and price range, and you can see what is available in your specific price range. After you have narrowed the search to your liking you can click “save this search” and you can set up your own portal, and receive emails as new properties come available. You can even track your favorites, and add notes or messages about properties. If easier, feel free to just email me your parameters and I can set up a portal for you.
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

Year over year looks like we are up 6% in transactions. However, if you look at the last six months of the year outside of a great September we were either stagnant or down a little. The fall market was disappointingly slow.

New Listings

We had slightly less listings in November than last year, and slightly more in December last year.

Year to Date Sold
Looking at these two graphs as well as the months on average can really guide you on the markets in your price range. As you can see the markets are a lot more competitive under $2M than over.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 Range1/31/142/28/143/28/144/25/145/16/147/31/1412/31/140-$500K10.26.07.06.15.55.63$500K-$1M9.78.69.08.78.65.23.7$1M-$1.5M5.59.58.910.37.86.44.4$1.5M-$2M814.513.618.417.8116.7$2M-$3M4.79.211.614.314.211.17$3M-$4M1113.111.814.214.510.49$4M-$5M11.98.913.114.422.117.718.4$5M-$7.5M20.732.039.55956.63225.1$7.5M-$10Mn/an/a71.55131.559.521.6$10M+22.427.242.022.733.829.935.2
Price Range2/28/153/30/154/30/155/31/156/30/157/31/159/21/150-$500K4.549.69.65.45.34.1$500K-$1M6.34.27.58.67.46.85.3$1M-$1.5M4.84.565.543.34.5$1.5M-$2M6.978.88.16.55.88$2M-$3M10.18141511.611.611.1$3M-$4M3120.525.525.316.213.124.3$4M-$5M54.326.630.327.317.215.523.6$5M-$7.5M49.130.234.631.723.820.930.2$7.5M-$10M20.43631.336.449.64737.7$10M+41.776.580.586103.1120.878



Open Houses for January 31st There are 55 open homes this Sunday. Realtors want to get traffic in as with the Superbowl next weekend there will not be a lot open.

Street Name Area List Price Time Listing Office

39 Mallard Drive Greenwich $4.7K 11-3 p.m. Weichert

71 Orchard Place #A Greenwich $7.5K 1-3 p.m. Davenport

12 Heusted Drive Old Greenwich $8K 1-3 p.m. Halstead

56 Milbank Avenue #2 Greenwich $17.95K 1-3 p.m. Coldwell Banker

169 Mason Street #4H Greenwich $365K 1-3 p.m. William Pitt Sotheby’s

147 Putnam Park Greenwich $485K 1-3 p.m. Raveis

30 Almira Drive Greenwich $579K 1-4 p.m. Raveis

11 River Road #118 Cos Cob $629K 1-3 p.m. BHHS

66 Richland Road #3 Greenwich $689K 2-4 p.m. Coldwell Banker

100 Strickland #4 Cos Cob $699K 1-3 p.m. Coldwell Banker

100 Strickland #9 Cos Cob $699K 1-3 p.m. Houlihan Lawrence

51 Mary Lane Riverside $699K 1-3 p.m. Raveis

5 Glen Street #402 Greenwich $765K 12-2 p.m. Weichert

40 Cassidy Street Greenwich $785K 1-3 p.m. Raveis

22.5 Caroline Place Greenwich $825K 1-4 p.m. Raveis

46 Rockmere Avenue Old Greenwich $849K 1-3 p.m. Coldwell Banker

11 Old Kings Highway Old Greenwich $925K 12-2 p.m. Weichert

149 Holly Hill Greenwich $1.1559M 12-3 p.m. Scott Kadison

81 Angus Rd North Greenwich $1.249M 1-3 p.m. Coldwell Banker

12 Georgetowne N. Greenwich $1.25M12-2 p.m. Coldwell Banker

72 Sound Beach Old Greenwich $1.295M 1-3 p.m. Raveis

15 Cat Rock Road Cos Cob $1.395M 1-3 p.m. Aysseh

150 Pemberwick Road Greenwich $1.46M 2-4 p.m. Houlihan Lawrence

15 Taylor Drive Cos Cob $1.595M 1-3 p.m. Raveis

71 Orchard Place #A Greenwich $1.65M 1-3 p.m. Davenport

2 Boxwood Lane Greenwich $1.695M 1-4 p.m. Douglas Elliman

451 Cognewaugh Cos Cob $1.725M 12-2 p.m. Sotheby’s

24 Nutmeg Drive Greenwich $1.795M 1-3 p.m. BHHS

12 Heusted Drive Old Greenwich $1.795M 1-3 p.m. Halstead

12 Old Orchard Riverside $1.89M 1-3 p.m. Higgins

15 Dartmouth Road Cos Cob $1.945M 1-3 p.m. Sotheby’s

300 Cognewaugh Cos Cob $1.975M 1-3 p.m. Douglas Elliman

380 Cognewaugh Cos Cob $1.995M 1-3 p.m. Raveis

10 Park Avenue Old Greenwich $1.9995M 1-3 p.m. Coldwell Banker

82 Butternut Hollow Greenwich $2.05M 2-4 p.m. Coldwell Banker

76 Summit Road Riverside $2.065M 1-3 p.m. Halstead

311 Cognewaugh Cos Cob $2.075M 12-2 p.m. Weichert

11 Pintail Lane Greenwich $2.15M 2-4 p.m. Houlihan Lawrence

11 Riversville Road Greenwich $2.295M 1-4 p.m. Douglas Elliman

215 Shore Road Greenwich $2.295M 2-4 p.m. Houlihan Lawrence

16 Roosevelt Avenue Old Greenwich $2.395M 1-3 p.m. Halstead

274 Palmer Hill Riverside $2.395M 2-4 p.m. Raveis

18 Lexington #B Greenwich $2.395M 2-4 p.m. Houlihan Lawrence

13 Perryridge Road Greenwich $2.635M 1-3 p.m. Houlihan Lawrence

443 North Street Greenwich $2.65M 1-3 p.m. Centric

1333 King Street Greenwich $2.7M 1-3 p.m. Coldwell Banker

14 Lockwood Avenue Old Greenwich $3.395M 1-3 p.m. Houlihan Lawrence

34 Lenox Drive Greenwich $3.495M 1-4 p.m. BHHS

294 Round Hill Greenwich $3.495M 1-3 p.m. Douglas Elliman

14 Long View Avenue Riverside $3.695M 2-4 p.m. Houlihan Lawrence

14 Sherwood Farm Greenwich $3.795M 1-4 p.m. Hasltead

56 Milbank Avenue #2 Greenwich $3.895M 1-3 p.m. Coldwell Banker

35 Winding Lane Greenwich $6.75M 2-4 p.m. Coldwell Banker

198 Shore Road Old Greenwich $6.8M 1-3 p.m. Halstead

15 Andrews Road Greenwich $8.77M 1-3 p.m. Coldwell Banker

Best,

Jared Randall Join my Mailing List

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