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Showing posts from 2013

16 FRANCINE DR SOLD YESTERDAY - FULL ASK - $2,975,000 - 92 DOM

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BUILT IN 2013 - MOVE-IN - POST MODERN DESIGN Just under 4000 SF, neutral modern interior, lots of white and gray, and located in central Greenwich - this property was purchased by the sellers in 2009 for $930K. It's what today's buyer wants - obviously the sellers knew it as well...with inventory at this price level 14% less than 2012 - it's a great time for sellers. 16 FRANCINE IN 2009 - $930K BOUGHT THE LOT  

Underwater homeowners could face extra tax burden in 2014

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http://www.washingtonpost.com/business/economy/underwater-homeowners-could-face-extra-tax-burden-in-2014/2013/12/25/997c4d52-69ab-11e3-a0b9-249bbb34602c_story.html#!

MERRY CHRISTMAS!

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GREENWICH MARKET ACTIVITY FOR 2013

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2012 VS 2013 INCREASED INVENTORY $1M - $4M THE HIGHEST ACTIVITY LEVEL $900 - $3M HIGHEST INVENTORY DECREASES - UNDER $2M RANGE

Not so fast puppy dog!

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Housing Starts Jump 26.6% from last year in November

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According to The Housing Wire:  http://www.housingwire.com/articles/28338-housing-starts-jump-227#! In all areas of Greenwich, there were 4 new homes completed this year 2013, and 12 scheduled for completion in 2014.

Connecticut is the nation's 7th healthiest state...

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...behind Hawaii, Vermont, Minnesota, Massachusetts and New Hampshire. As posted in the Greenwich Time yesterday: http://blog.ctnews.com/whatthehealth/2013/12/11/connecticut-seventh-healthiest-state-in-country/#18790101=0 The article also claims that high school graduation rate has dropped from 80% to 75% - that's the bad news...but you can't blame the place.

New MLS System and Some Sold Activity for the Day

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Change is good - it certainly keeps you on your toes...so with the new changes to the Greenwich MLS, there has been a little learning curve - not huge, but just fishing around a new format takes a bit longer.. .   At any rate, a small excuse for an absence - that mixed with the holidays and not a whole lot going on in the front office - lots of planning and sowing for the next big market, and taking buyers out on the weekends has consumed some time and effort. Sales today include:   4 FLORENCE RD - RIVERSIDE - LIST $1,395,000 - SOLD $1,266,200 (DO YOU THINK THAT THEY WENT BACK AND FORTH A FEW TIMES) ORIGINALLY LISTED FOR $1,525,000 IT SAT ON MARKET FOR 208 DAYS 22 WILDWOOD DR - LIST $2,150,000 - SOLD $1,840,000 - SELLERS BOUGHT IT FOR $2,650,000 IN 07 - AND TRIED AND TRIED TO SELL IT CLOSER TO THAT NUMBER - BUT THE MARKET SAID THAT IT DIDN'T ADD UP FOR ANYTHING MORE THAN WHERE IT LANDED. 85 RICHMOND HILL RD - LIST $5,495,000 - SOLD $4,825,000 - SELLERS BO

Craigslist for Real Estate - Buyer Beware

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...you can really find some doozies...these (2) caught my eye:  $4000 / 1400ft² - Ideal Tenants ISO House/Townhouse (CT Shore) 1400 ft 2 My wife and I are looking for a fine house or townhouse somewhere along the CT shore between Greenwich and Southport. We are prepared to pay up to $4,000 for a handsome, modest, two or three bedroom home. For us, quality is more important than quantity. We have deep ties in the area and a perfect rental history. The kids are grown and gone, we have no pets, and we are non-smokers. We can provide excellent rental, personal and professional references. Depending on the property, we would be willing to enter into a one-year lease or a multi-year lease--preferring the latter. Thanks for your consideration. We are looking for an April 1st move  (No brokers, Please)  .Thanks. So their alternative will be dealing with owners such as this - the last time that I checked, the closest shoreline is along Byram - nowhere near Glenville St. (owners may

DECEMBER 3 SOLD PROPERTIES

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SOLD TODAY 44 CONYERS FARM - JUST UNDER $1M PER ACRE - $13,400,000 ...WITH IT'S OWN LITTLE HOUSE ON IT'S OWN PRAIRIE.... 44 CONYERS DINING ROOM - PSYCHOLOGISTS SAY THAT STRONG BLUES STIMULATE  CLEAR THINKING ...hmmm....

Sold Activity Today

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Single Family Homes Sold Today 84 BURNING TREE - GREENWICH - LIST $1,975,000 - SOLD $1,775,000 After 187 days as high as $2,375,000 - this 1965 built home on 2.28 acres has found new owners. Sellers must not be thrilled - having paid $2,250,000 in 2007 530 NORTH ST - GREENWICH - LIST $2,795,000 - SOLD - $2,587,500 After 477 days, it's somewhat surprising that the selling price is so close to the asking price given the number of days on market but - in 2002 it sold for just slightly less than this $2,495,000

Happy Thanksgiving

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GIVING THANKS!

Market Activity 11/27

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SOLD ACTIVITY 11/27 + DAYS ON MARKET 3 HEARTHSTONE - RIVERSIDE - $3,120,000 New construction - 5 bedrooms just over 5000 SF - it's a different day in Riverside... 5 MARTINDALE - $2,925,000 Sellers bought this home in 2007 for $3,595,000 and put some money into it - so surely they're not thrilled...great location and surely the buyers are happy. 43 GLENVILLE ST - $635,000   It is what it is - split on a  busy street...hence the price 76 WINDING LANE - $10,832,000 Been on the market for a long time - 460 days, starting at $14,950,000 - over 16000SF and 6 bedrooms - 4.55 acres - close to town 2 CARY RD - RIVERSIDE - $410,000 Convenient to the Post Rd :-)

But he looked like such a nice guy...

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Market Activity 11/25

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6 STANWICH LANE - GREENWICH - LIST $1,685,000 - SOLD $1,620,000 600+ days on market (having been listed as high as $2,450,000) - the seller bought this home for $1,400,000 in 2000. It claims to have had an addition at the time, and SF is inconsistent between the 2000 listing and the most recent one...bottom line is that after 13 years, and well maintained, with not seemingly any major improvements - some sellers have not fared this well. 34 PARK AVE - OLD GREENWICH - LIST$1,775,000 - SOLD   $1,712,000 - DOM 14 Someone wanted to live in Old Greenwich, coupled with ultra low inventory from between $1.5 and $1.7 - only 4 at the time of the time of the accepted offer - or it may become a rental property? 40 LINCOLN AVE - CENTRAL GREENWICH - LIST $2,385,000 - SOLD  $2,200,000 - DOM 27 Sellers bought this home in 2007 for $2,350,000 - deceivingly small - it's only a 3 bedroom home - under 3000SF. But hey, it's in-town and it has a 2 car garage...important to many y

Sold Activity 11/21

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73 WEAVER ST #18 - GLENVILLE 73 Weaver - #18 - List $1,195,000 - Sold $1,065,000 - DOM - 771- it is what it is 337 NORTH ST - GREENWICH 337 North St - List $4,100,000  - Sold $4,050,000 - DOM - 219 - I hope that the new owners keep their kids and pets indoors, because the driving crazies speed through North St like their hair's on fire in the morning 514 RIVERSVILLE RD 514 Riversville Rd - List $3,550,000 - Sold - $3,175,000 - DOM 161 - Built in 1989 and renovated in 2008, 5000 SF, 6 bedroom, 5+ bath home is a good value with privacy on 4 beautiful acres 218 VALLEY RD - COS COB 218 Valley Rd - List $1,595,000 - Sold - $1,525,000 - DOM 103 - Still under construction, and with "green" features - foam insulation and technology 9 RIDGEVIEW 9 Ridegview Ave - $2,999,999 - Sold $2,500,000 - DOM 1406 - this was listed as a DIY/do your own due diligence/Buyer Beware - Bank owned...and not finished - lots of days/years on market - it's one ac