Category: Mark Pruner

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Only 17 Sales in February, Up 13% from Last Year

Home sales in Greenwich, CT are down, as very low inventory levels mean there is not enough to buy for the demand that is out there. We are seeing many listings go to multiple offers. These deals are often for over original list price and go to contract in less than a month.
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Know the New Listing Statuses & a Humorous Look at Real Estate Terms

If you don’t know the multitude of today’s listing statuses, you are at a disadvantage in the marketplace and may be wasting your time. In the old days, the old days being only five years ago, we only had 3 listing statuses and one had two sub-statuses. We now have all four of those statuses and three more new statuses and 4 non-listing statuses.
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Jan. 2024 – A Weird Start for the Greenwich Real Estate Market

Inventory has risen sharply in Greenwich, while contracts have fallen, both of which are unusual for the January Greenwich real estate market. This increased inventory is still an all time low for the beginning of February. So far in the first week of February, we have only had one house sale.
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How to Increase the Value of Your Greenwich Property and Create More Income

ADU’s: You can create an ADU and rent out either the accessory dwelling or the main house to create more income. HO’s: With the historic overlay you get to go one step further and build an even larger house with the additional FAR or a second house that is subordinate to the main house. LOT SPLITS: With the lot split you can create a second property with a second tax ID number.
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The 2024 Real Estate Market Report

What's going to happen to the Greenwich real estate market in 2024. There's a good chance, that we will get more inventory which will lead to more sales. We are also likely to see more ADU's.
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The Greenwich Real Estate Records in 2023

With a week left in 2023 we have sold 96 houses for over $5 million. This is just 3 houses short of the 99 houses that sold for over $5 million in 2022. . It’s going to be touch and go to see whether 2023 comes in better than 2022. With 14 contracts for houses listed over $5 million we should get to 99 sales and maybe even 100 or more sales. We could finish 2nd, 3rd or 4th best year in the last 24 years.
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