Real Estate Archives

Things that Sellers Think Realtors are Lying About

Greenwich Sentinel·
April 13, 2024·

Lower initial prices mean you will usually get a higher price. The statistics show this. Overpricing a house makes for lower prices and longer days on market. Staging is also a cost effective way to get a higher price for your house.

Dramatic Changes in a “Slow” Market: Average Sale Price Up 22%

Greenwich Sentinel·
April 6, 2024·

Sales prices are up dramatically in Greenwich Connecticut, as low inventory under $2 million has led to a shift to higher end sales. The median sales price for the first quarter of 2024 is up 21% to $3.05 million dollars, while inventory is down 23% from last year, which itself was a record low.

April 1 Column

Greenwich Sentinel·
March 30, 2024·

Lots of funny things happen, and don't happen, in Greenwich on April 1st each year.

How to Lie with Real Estate Statistics

Greenwich Sentinel·
March 23, 2024·

Lie, damn lies, and statistics are never such as accurate phrase as in trying to interpret real estate statistics in Greenwich, CT. Here an explanation of what to look out for in price appreciation, square footage and number of sales.

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

Greenwich Sentinel·
March 9, 2024·

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.

RMA Presents “Update on the Amazing Last 18 Months of Greenwich Real Estate”

Greenwich Sentinel·
February 28, 2024·

David Michonski's update on the Greenwich real estate market highlighted the record prices for single-family homes in 2023 and compared the performance of the Greenwich market to the national real estate market. While Greenwich saw significant gains, the national figures turned out to be even better, leading to extraordinary wealth creation and fueling the rise in inflation. Michonski also discussed potential factors that could influence future price trends, suggesting a potential short-term stall or slight fall in prices due to decreased pandemic relocation and less friendly employer policies toward remote work.

Know the New Listing Statuses & a Humorous Look at Real Estate Terms

Greenwich Sentinel·
February 24, 2024·

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.

How to Increase the Value of Your Greenwich Property and Create More Income

Greenwich Sentinel·
January 27, 2024·

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.

The 2024 Real Estate Market Report

Greenwich Sentinel·
January 20, 2024·

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.

How to Be the Winning Buyer in the Post-Covid, Low-Inventory Real Estate Market

Greenwich Sentinel·
January 12, 2024·

Everyone knows to get a good Realtor when they buy a house, but if you want to be the winning bidder in this market either have more money than the other bidders, and be ready to spend it or have really good Realtor. So when you get involved in multiple bids make sure you have the best team you can put together.

Tag: Real Estate