Spring 2014 is busy, busy.  The problem is low inventory with only 493 available listings in January compared to 658 last January.  Hardest hit price point is the $900,000to $1,499,999 which is off 47.4%  Will that change?  Hopefully yes and soon.  Buyers are out in droves but holding off in some price points to see if there will be new listings now that the weather is slightly better. cheapest generic levitra However, the average sale price in January 2014 was up 64.4%  from January 2013 with the hottest price point between 2M and 2.99M.  The numbers for February should be...

As you can see from the chart below, according to the GMLS, November had a slight rise over last November with 34 single family homes sold in Greenwich as compared to 30 last November. Some of the other statistics indicate that this November pretty solid all around with a slight increase in the list to sale price ratio. This is a key piece of information that all sellers should note and it is often attributed to days on market. Statistics show that there is a real decline in average sale to list price the longer a house stays on the market. Year to date the average list to sale was 97.1% in...

The numbers for single family home sales in 2011 are in from the Greenwich Multiple listing service.  As you may have read, the “new home” sales for 2011 in the national market was the worst seen since the 1960s.  Not great news for the housing market around the country; but if you drive around Greenwich you will see there are now a few spec houses being built which is always a good sign.  Greenwich also did well in existing home sales in 2011.  Volume was up over the last 3 years with 524 single family homes sold compared to 482 in 2010 and 333 in 2009.  Average sale price was...

The fall market was a little sluggish compared to the last two years. As seen below, there were 51 single family houses sold in October and November of 2011 with 59 sold in the same time period in 2010 and 69 in 2009. The middle of the market was the strongest with 35 homes sold. 9 of them sold for 1,000,000 to 1,499,999 and 9 sold for 2,000,000 to 2,999,999 with the other price points fairly evenly scattered. The lowest priced home was listed for $399,999 and sold over asking at $401,000 in 38 days, the highest priced home was originally listed in 2008 for $28,000,000 and sold in...

Location, location, location: that is what real estate is all about.  Whether it is in the Greenwich real estate market or anywhere in the country, home sale value is greatly influenced by location.  Pricing a house is challenging under the best conditions and many factors contribute to that number; but estimating the dollar value lost due to location is extremely tricky.  One way to approach this is to check the tax data at town hall.  Some homes get a tax adjustment for certain locations: being near a train, town utilities, etc.  While this information can be helpful, one should...