Archives for the month of: January, 2018

New to market, and it won’t last long!

Close to everything, and everything is perfect! Quality and tasteful finishes throughout this beautifully loved in town property. Love the chocolate stone in the master bedroom. The fixtures and window treatments are perfect for the oversized and efficient new windows.

The experience is even better in person…want a tour, call me 203-300-7023

117 Lake Ave

117 Lake Ave – Greenwich – 1,299,000

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Ok it’s a rental, but my mom always said, anything you do, do it well…was this agent under the influence? They don’t deserve to have any listing, let alone one that is actually a very nice property. Shame on them!

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The higher end of the Greenwich market seems to be holding its own, while sales are down 2016 vs 2017 in the lower end…inventory plays it’s part. Over $5M, inventory is down 35 houses from 2016.

47% of inventory is in properties over $3M accounting for only 30% of sales

42% of inventory is in properties $1M – $3M accounting for 56% of sales

9% of inventory is in properties under $1M accounting for 19% of sales

 

 

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11 French Rd11 French Road – Greenwich CT

New Construction – 10K+ SF, List 9,395,000 – Closed Today @ 12,075,000

There was an additional 2 acre lot was offered at 3,750,000. Bigger buttons aside, the buyer may have purchased the additional 2 acres, since the land listing was cancelled. It does appear at first glance that it sold over list, since it was reported only on the residence listing.

The lot next door seems to be a strategy that is working. The builder buys 2 lots, builds a large house, relative to the lot size, on one lot, that forces the hand of the buyer to consider the other. Or they have to put up with the noise and dust of construction in their near future, as well as having the big unknown of who will be occupying the house so close theirs.

1 Martin Dale had a similar situation recently, albeit a lower price, and we don’t yet know where this will close. This was reported separately, both for the new house @ 4,479,000 and the lot @ 2,295,000.

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10 Bailiwick Woods Circle – Greenwich CT – 1,595,000

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