Category: Real Estate

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Column: Greenwich’s 2022 Real Estate Records

We had possibly the tightest market ever earlier this year in March 2022. At that time, most price ranges all the way up to $4 million only had a few weeks of supply. Buyer demand was high and houses that had sat on the market for years were selling. Fast forward to December 2022 and our months of supply is mostly under 6 months of supply the traditional dividing line between a buyer’s and a seller’s market, but demand is way down, it’s just that inventory is down even more.
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Column: The Real Scoop

Welcome to The Real Scoop. This monthly column is intended to help homeowners and potential homeowners in our community address a variety of home related and real estate issues. As a Realtor, I am often approached by many homeowners and buyers to provide answers for a variety of questions pertaining to Greenwich and all things home related. In my quest to provide answers, I have relied on my own expertise, as well as that of many trade professionals I have come to know in our community. The information I have provided has been deemed very useful and greatly appreciated, so I have decided to share what I know with the Greenwich community.
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Column: Inventory Falls, Sales Rise, but Below Average

Each week this year, our inventory levels have set all-time weekly lows. Sales are up from last month, which we rarely see. In addition, our sales YTD are over 600 single family homes, meaning its been a good year with a month to go.
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Column: Greenwich 2022 Condo Market Tighter than House Market

After a record-breaking year last year with 265 sales, we are looking at around 200 sales this year, above what we saw in both 2018 and 2019 with 181 and 159 sales respectively. It’s still a very strange market, as we have very limited inventory at all price levels. If we had more listings, we would have more sales.
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Column: State of the Art Kitchens in Greenwich

Few rooms have changed more in today’s state of the art homes, than have kitchens. From the way they are designed, to the way they are built, to the material and appliances, today’s kitchens are not your mother’s kitchen. The level of sophistication has gone way up, and the design process has gotten more complicated, but the visualization is much easier.
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The Greenwich High-End Market Over $5 Million – $5-10M Looking Good, Over $10 Million Not So Much

If you look at the entire year by annualizing our 2022 sales so far you come with a projected 112 sales for the year and a total dollar amount of $783 million compared to total sales of 135 sales last year and $1.069 billion dollars. That sounds pretty horrible, a drop of 23 sales and $287 million or over a quarter billion dollars in lost sales volume at the high-end. These projected 2022 numbers are not horrible, in fact they are excellent.
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Column: Greenwich Neighborhood Sales Pre-, Post- and Covid Era

The drop in the stock market is having a greater impact on Greenwich real estate than the increase in interest rates. Inventory is creeping slowly upwards, while demand under $4 million stays good given how low inventory is compared to our 10-year average for inventory.
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