The Greenwich Real Estate Wrap Up
Sales down to lower inventory. Lower inventory with very good demand is pushing prices higher. Sales over $5 million had a good year.
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Tag: Real Estate
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.
Greenwich Real Estate Inventory to Hit Zero in March 2024
Given how fast inventory is dropping, we will have no houses to sell at all by the end of March 2024. Luckily, March is when the spring market kicks in, and new listings come on. Let’s hope it’s a lot better than our 2023 fall market.
Parkway, North, and Glenville are Top School Districts for Sales in 2023
Greenwich sales and contracts are going where the inventory is. Price doesn't matter high-end sales are doing very well.
The October 2023 Real Estate Market: A Glimpse of Returning Normalcy (or Maybe Not)
Inventory is ticking up when it should be dropping and sales are also doing better than last year. Read when this might be an inflection point.
Greenwich 2023 Rentals Are Up – Market Stays Tight
Rentals are back to average, well, almost. What is almost back to average is the number of rentals that have been reported on the Greenwich MLS. So far this year, we have had 676 rentals through the end of October. We still are seeing rentals move quickly once they are listed.
The Real Scoop
As a realtor, I am often approached by many homeowners and buyers to provide answers for a variety of questions pertaining to 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. I have received overwhelmingly positive feedback regarding my assistance so I have decided to share what I know with the Greenwich community
Greenwich Condo Sales Lower as Inventory Lower with Little Seasonality
Since seasonaility isn't a good guide for buyers what is? If you're a buyer looking for a bargain, pay close attention to the days on the market for each specific condo. Listings with significantly above-average months of supply are typically overpriced, have some significant issues (like being located near a highway), or require extensive renovations. Reducing the price can address all three issues, even if it results in a lower price per square foot compared to the competition. It's suprising how often a seller with high DOM, will accept a reasonable offer, just don't start out with low-ball bid or you are likely not to get a counter.
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.
Greenwich’s Hidden Real Estate Market: Unveiling the Secrets
The segment of the market with the highest percentage of off-market sales is properties under $1 million, driven by high demand and seller resistance to full commissions. However, private sellers may miss out on knowing how many offers they could have received or getting the highest possible price. Nonetheless, for some sellers, the allure of privacy and the avoidance of public marketing hassles outweigh the pursuit of the highest price.
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