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Greenwich Real Estate News

Greenwich, CT Real Estate Market Update: November 2014

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Market Report: Greenwich single family sales were down 6.8% for November (41 vs. 44 in 2013) and down 7.6% YTD (547 vs. 592 in 2013).

Greenwich single family new contracts were down 51.7% for November (29 vs. 60 in 2013) and are down 14.5% YTD (542 vs. 634 in 2013).

Greenwich average sale price is $2,741,815 Greenwich median sale price is $1,900,000.

Source: Greenwich MLS, Jan 1, 2014 through November 2014.

Public Open House: Sun, 11/23, 1 to 3pm. 57 Gilliam Lane, Riverside, CT

 

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Sited in the idyllic Gilliam Lane Association, this stately brick Colonial exudes elegance with tall trees, remarkable stonework, expansive lawns and rose garden. This gracious 5-bedroom home reminiscent of a Pre-War classic has been cherished by its current owners for over 40 years. Wonderfully scaled, sun-drenched interiors have original hardwood floors throughout, three fireplaces, French doors, and keystone archways. The formal living and dining rooms with built-ins are perfect for entertaining. A bright kitchen and separate breakfast room, charming fire-lit study and grand family room that opens to the stunning level grounds and pool complete the main level. Upstairs, the spacious master suite with abundant windows has a vaulted ceiling, private balcony and dressing area with walk-in closets adjacent to luxury bath. Four corner garden-facing double bedrooms and three full baths complete the second floor. Short distance to schools, Riverside Yacht Club and train. $3,695,000.

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September Market Update: Greenwich, CT Single-Family Sales

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Market Report: Source Greenwich MLS Statistics: January 1, 2014 to September 30, 2014 vs. Same Period in 2013.

Single-Family Sales:

Greenwich single family sales are down 15.2% for September (28 vs. 33 in 2013) and down 8.4% YTD (458 vs. 500 in 2013) Sotheby's has 21.4% of the sides and 33.9% of the dollars for September. Sotheby's YTD dollar volume is $545,213,567 Greenwich single family new contracts are down 24.3% for September (28 vs. 37 in 2013) and are down 13.7% YTD (446 vs. 517 in 2013). Greenwich average sale price is $2,772,368 Greenwich median sale price is $1,890,750.

See more Greenwich real estate information at here.

 

Greenwich, CT Real Estate Market Update: August and YTD: 8/15/14

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Market Report: According to Greenwich MLS Statistics: January through June 2014 and August Focus as of 8/15/14 Single-Family Sales.

Greenwich single family sales are down 24.1% for August (37 vs. 54 in 2013) and down 12.9% YTD (385 vs. 442 in 2013).

Greenwich single family new contracts are down 28.6% for August (20 vs. 28 in 2013) and are down 13% YTD (396 vs. 455 in 2013).

Greenwich average sale price is $2,820,154.

Greenwich median sale price is $1,900,000.

May 2014 Greenwich Market Snap Shot

Greenwich Market Report

  • Greenwich single family new contracts are down 8.6% for May (64 vs. 70 in 2013) and down 18.8% YTD (238 vs. 293 in 2013)
  • Sotheby's YTD dollar volume is $297,720,067
  • Greenwich single family sales are down 25.7% for May (52 vs. 70 in 2013) and are down 9.0% YTD (193 vs. 212 in 2013).
  • Greenwich average sale price is $3,236,733
  • Greenwich median sale price is $2,025,000

Source: Greenwich MLS, May 2014 vs. May 2013 and Year-to-Date 2014 vs. 2013

2014 Greenwich Spring Market Slow to Start

Greenwich Market Report Snap Shot: 2014

 

Greenwich single family new contracts are down 37.1% for April (39 vs. 62 in 2013) and down 25.9% YTD (143 vs. 193 in 2013).

Greenwich single family sales are down 22.6% for April (24 vs. 31 in 2013) and down 0.8% YTD (121 vs. 122 in 2013).

Greenwich median sale price is $2,225,000.

Source: Greenwich MLS, 1/1/14 through 4/22/14

SEE 2013'S STATS MARKET ON MY MARKET NEWSLETTER PAGE

 

Greenwich Public Hearing: Flood Zones: May 6th

 

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Town of Greenwich Public Hearing on Grade Plane and Flood Zone Regulations

A public hearing will be held on May 6, 2014 to hear the proposed flood zone regulations. The main change is regarding grade plane, which should held people build homes that meet the flood zone regulations. The two additional changes are to clarify the language regarding flood vents and substantial improvement.

Contact the Town of Greenwich at 203.622.7700 for more information.

 

Asian Real Estate Assoc: Global and Luxury Summit

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What a great and productive event this past weekend, meeting and collaborating with International real estate colleagues at New York's Waldorf Astoria on Park Avenue at the Asian Real Estate Association of America Global & Luxury Summit. Organizers gathered key players from across the world to discuss growing opportunities with Asian investors buying in our local markets, including our own Greenwich, Connecticut. Exciting opportunities for my Sotheby's International Realty® clients.

AREAA

"The Sotheby's International Realty® brand is proud to support AREAA's efforts, and I personally am very pleased to act as co-chair of this year's event, having participated in many of the organization's conferences over the last several years," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "This is an exciting time for the luxury real estate industry, as we continue to see many significant sales and listings globally, so the focus on the high-end sector is very timely. We also have seen a growth in Asian investors buying outside of their respective countries, making the work of AREAA critical at this time."

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AREAA Colleagues, Global & Luxury & Summit 2014

 

According to a recent National Association of Realtors (NAR) study, the total sales volume that was conducted   by international sales in the United States totaled over $68 billion in 2013. The booming international markets, as defined in recently published survey, indicates that New York, San Francisco, Washington DC, Houston, Boston and Los Angeles markets are top ranking USA cities for real estate investment.

 

 

 

 

 

 

FIRST QUARTER 2014: GREENWICH, CT MARKET SNAPSHOT

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Market Report: First Quarter 2014 

Source: Greenwich MLS: 1/1/2014 through 3/31/2014

  • Greenwich single family new contracts are down 42.2% for March (26 vs. 45 in 2013) and down 27.0% YTD (84 vs. 115 in 2013)
  • Greenwich single family closed sales are down 12.5% for March (21 vs. 24 in 2013) and  up 8.4% YTD (90 vs. 83 in 2013).
  • Greenwich average sale price is $2,742,963
  • Greenwich median sale price is $2,237,500

 

Contact me if you have any questions about the Greenwich CT real estate market.