Is $1.6M the New $1M for 2015?

It seems that days on market for anything under $2M is extremely low lately....it was in 2012 that nothing would stay in inventory if it was under $1M...
Of 209 properties under $2M that have sold since the beginning of 2015, 140 sold within 127 days on market.
Two contracts today that support this are 314 N Maple - which would have had many less days on market had it not been for a slight challenge that took some time to resolve...this location is hot despite that it is on the beaten path of getting in and out of town and GA.
Old Camp is not surprising - such a little charmer, but only 3 bedrooms as it exists today...
314 N Maple Ave
314 N Maple Avenue - Greenwich - List $1,625,000 - 175 DOM
16 Old Camp Lane
16 Old Camp Lane - Cos Cob - List $1,695,000 - 40 DOM

I recently sold this representing the buyers - with 140+ days on market (was listed before the holidays so this makes up for many of these days)...Sited on 2.39 acres in Cos Cob off Cat Rock - and inviting colonial with possibilities for expansion within the foot print...backs up to 23 acres that are owned and occupied by The Cos Cob Archery Club (which obviously has not affected the deer population in the area - we saw two in the yard when I was showing the property...
22 Hilton Heath Front
22 Hilton Heath - Just Sold $1,525,000



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