Greenwich Residential Real Estate Blog and Analysis: July 24

Shared by Greenwich Real Estate Guy

Dear Greenwich

I am leaving today to be away for the weekend, but wanted to make sure I got the open house list out to everyone. The list has been updated for this weekend. The rest of the content is the same as last week.
As the second quarter came to a close, I would like to thank everyone. It means a lot that people find this blog/newsletter informative, and have put their trust and faith in me. I am currently ranked 15th out of over 1,300 agents in total volume sold and 4th overall in number of transactions, this is including four transactions that I have sold privately (meaning they were not openly for sale on the market) this year. Please do not hesitate to reach out if you would like to view the featured property, or any other properties. Also, I would be happy to give an evaluation of your house, or run any analysis for you. My cell is 203-273-1034 and email isjrandall@houlihanlawrence.com. For past newsletters feel free to visit www.greenwichrealestateguy.com/blog.
The above featured property is located at 75 Conyers Farm Drive. There are countless aspects of this estate that spoke to me. First off, it is located in the exclusive Conyers Farm enclave. The house boasts 16,386 s.f. with seven bedrooms and seven full baths, and two half baths. However, the flow of the house was put together very thoughtfully. The transitions from room to room were seamless and I could feel the way a family would live and make use of the space. There is a magnificent pool and pool house, along with a guest house and a tennis court. The interior of the home has 12 foot ceilings with tons of light. The architectural detail along with the walls of window added to the flow. There is a phenomenal wine room that wraps around and can hold the grandest of collections. The master suite and chef’s kitchen add to the many amenities of the home. The listing price is $8.998M.

2nd Quarter Analysis
There are currently 676 properties for sale in Greenwich. Last year at this time there were 690 properties. When you look at the charts below you will see that we had an incredible June ending a great 2nd Quarter for the market. With the long winter we had this year, it seems a lot got pushed back and we had 131 closed properties in June. We have had 135 new listings come on in June, so will be interesting to see if this new inventory helps or hurts the market. The single family homes sold grew by 15% in the 2nd quarter over the last year, and the median price grew 9%. To see how much of an impact June had on the market scroll down to the months on average chart below. Please click on the below reports for more specific information. The Q2 report is exceptional and really dives into different sections of the community.

Q2 and June Reports for Markets

Q2 Greater Greenwich Report

Greenwich June Monthly Report

Cos Cob June Monthly Report

Riverside June Monthly Report

Old Greenwich June Monthly Report

I have invested in my own MLS Search for my readers. This will give access to a lot of the listing information I have. Also, if I have already set you up with your personal portal, you will now be able to search your own searches outside of what I set up for you. Feel free to test out and search properties. I feel the best attribute is that you can save your own search and choose to get alerts as new properties come on to the market, properties are sold, or change in price. All specific to your customized search. Hence, you will speed up your learning curve, becoming an expert in the specific market you care about.

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

We As you can tell by the above graph. We have had a great two months. May and June really made up for a slower March and April and have pulled us ahead of last year’s numbers. In June 131 properties sold compared to 101 in June of last year.

New Listings

We had 135 new listings in June compared to 124 new listings last year. Thus demonstrating we are more competitive than last year. As we enter typically the slowest time of the year in the next two months I am intrigued to see if we can keep the momentum.

Year to Date Sold

Below is what I said last month. The inventory that hit the market in the lower numbers really help push the market. We had a 50% growth sold in the $500K-$1M market in June where that price range grew from 57 properties sold to 82 in just one month.

“We had a lot of inventory hit the market but it is in the right price ranges. The biggest jump was the $500K to $1M and the $2M-$3M ranges. We also had a great May in regards to closed properties.”

Year to Date Available

Open Houses for July 26th

Below are the 25 open houses on Sunday. The first is a rental and the rest are for sale. Enjoy your weekend!

Street Name/Area/List Price/Time/Listing Office

37 Mianus View Cos Cob $8.5K 1-4 p.m. BHHS

47 Putnam Park #1 Greenwich $419K 2-4 pm. Raveis

147 Putnam Park Greenwich $485K 1-4 p.m. Raveis

453 E. Putnam #4I Cos Cob $546.25K 12-3 p.m. Raveis

259 Pemberwick Road Greenwich $699K 11-1 p.m. Raveis

5 Glen Street #403 Greenwich $749K 1-3 p.m. Coldwell Banker

51 Circle Drive Greenwich $1.195M 2-4 pm. Coldwell Banker

41 Leonard Avenue Riverside $1.395M 1-4 p.m.Sotheby’s

7 Alec Templeton Greenwich $1.3975M 1-3 p.m. Higgins Group

18 Duncan Drive Greenwich $1.645M 1-3 p.m. BHHS

24 Shore Road Old Greenwich $1.695M 2-4 pm. David Ogilvy

1 Montgomery Lane Greenwich $1.75M 12-2 p.m. Coldwell Banker

37 Mianus View Cos Cob $1.895M 1-4 p.m.BHHS

69 Mallard Drive Greenwich $1.995M 1-3 p.m. Sotheby’s

54 Sundance Drive Cos Cob $1.995M 2-4 pm. Raveis

10 Park Avenue Old Greenwich $1.999M 10-12 p.m. Coldwell Banker

60 Cat Rock Road Cos Cob $2.25M 1-3 p.m. Raveis

39 Midbrook Lane Old Greenwich $2.499M 1-3 p.m. Raveis

50 Porchuck Road Greenwich $2.95M 2-4 pm. Houlihan Lawrence

97 Shore Road Old Greenwich $2.995M 2-4 pm. Houlihan Lawrence

98 North Street Greenwich $3.75M 2-4 pm. Coldwell Banker

70 Sherwood Avenue Greenwich $3.775M 1-4 p.m. Charles Paternina

8 Willow Road Riverside $3.795M 2-4 pm. Houlihan Lawrence

252 Milbank Avenue Greenwich $6.495M 1-4 p.m. Houlihan Lawrence

35 Winding Lane Greenwich $6.995M 2-4 pm. Coldwell Banker

This post was sponsored by the Greenwich Real Estate Guy.