The Spring Market 2017 in Greenwich has started early, after at least a year-long reign of “fence-sitting” buyers who have finally decided to get off the fence!! Totals for 2016 were disappointing, with Single Family Unit Sales, Sales Volume, Average Sale Price and Median Sale Price down compared to 2015. The market perked up however,…
“Comps,” or comparable sales, is a term anyone on either side of a real estate transaction should know well. It refers to homes located in the same area and very similar in size, condition and features as the home you are trying to buy or sell. Buyers look at comps when deciding what price to offer on a home, and sellers…
The Greenwich Real Estate Market in 2015 was a Buyer’s Market for Single Family Homes. The year ended with overall single family Inventory up 7% year-to-year, Unit Sales down 1%, Sales Volume down 11%, and Days on Market up 3%: all factors that resulted from a favorable Buyer’s Market in 2015. Two other factors that…
What lies beneath this modest increase in sales in Greenwich, CT Real Estate year-to-year are very discerning buyers who are willing to wait for the absolutely right home. They are looking for homes that are new or well-renovated, in turnkey condition and affordably priced. They also want to be close to town, near train stations,…
While inventory and “Days on Market” in the Greenwich Real Estate Marketplace have remained stable year-to-year– Jan.-June 2015 vs. Jan.-June 2014– Unit Sales are up 7%, with 297 single family homes being sold this year versus 277 last year. Sales volume, on the other hand, is down 11% from $831M in the first half of…
Greenwich Real Estate got a bad rap in September this year when Barry Sternlicht, chairman and CEO of Greenwich, CT based Starwood Capital Group announced, “You can’t give a house away in Greenwich”, according to Bloomberg.com. Sternlicht’s disgruntled comment was likely motivated by the fact that he listed his 5.8 acre estate in back country…