GREENWICH REAL ESTATE MARKET REPORT – MAY 2015

GREENWICH REAL ESTATE MARKET REPORT

MAY 2015 (PRELIMINARY)

by

Mark Pruner

Douglas Elliman – Greenwich

203-969-7900 – mark.pruner@elliman.com

  • $1 – $2M where the deals are – 1/3 of all contracts
  • $2 – $4M busy, but with good inventory levels
  • $5 – $7M sees contracts and sales rise nicely
  • Houses much more in demand than condos

 

May 2015 Continues Mixed Market, but Upper Half of Market Now Improving

As of 5/30/15 Inventory Contracts Last Mo. Solds Tot. Solds+ Contracts YTD Solds YTD+ Contracts Mos Supply Mos w/ Contracts Last Mo. Annlzd
< $600K 3 0 2 2 12 12 1.3 1.6 1.5
$600-$800K 15 10 2 12 8 18 9.4 5.4 7.5
$800K-$1M 25 12 3 15 11 23 11.4 7.1 8.3
$1-$1.5M 45 29 15 44 41 70 5.5 4.2 3.0
$1.5-$2M 69 36 8 44 36 72 9.6 6.2 8.6
$2-$3M 116 20 9 29 38 58 15.3 13.0 12.9
$3-$4M 92 21 3 24 15 36 30.7 16.6 30.7
$4-$5M 51 13 3 16 9 22 28.3 15.1 17.0
$5-7M 75 10 7 17 12 22 31.3 22.2 10.7
$7-$10M 32 3 2 5 4 7 40.0 29.7 16.0
> $10M 51 0 1 1 3 3 85.0 110.5 51.0
TOTAL 574 154 55 209 189 343 15.2 10.9 10.4

 

Statistics

May 2015 List Price Sold Price Sold Price /SqFt SP/OLP List Price /SqFt DOM SqFt Acres Taxes
Average  $  4,632,010  $  2,525,665  $ 581 90.5%  $ 613 205 3907 1.21  $   16,457
Median  $  3,197,250  $  1,825,000  $ 532 92.0%  $ 572 168 3226 0.48  $   12,478

 

May is Good Sales Month $1 – $1.5 and $4 – $10M

1

 

 Good Inventory Over $1.5M, Busy Sales and Contracts from $1 – $3M

2

 

Percentages & Pie Charts

3

 

Summary

May statistics showing the market accelerating as inventory is up, but so are contracts. The additional contracts between $5 and 10 million are particularly significant as this was a slow market in the first quarter. The one worrisome area continues to be over $10M where we have 51 listings and only a handful of sales and contracts. Our higher end market is becoming a real bargain compared to Manhattan where prices are looking frothy.

The market from $1 to $2 million is particularly strong as we are seeing not only young families moving from Manhattan to Greenwich, but also significant demand from downsizers from Westchester. Both groups are competing for the same houses. In addition this price range is a sweet spot for builders that are looking to spend $1 – 2 million for the land, build new and sell for $3 – $6 million.

Mid-May 2015 update

Mid-May 2015 update

Inventory continues to do well with 566 single family homes on the market. The lower you go the less choice you have. Under $600K we only have 3 listings and only 11 listings from $600 – $800K. We’ve sold 38 houses so far this month 2 of which were under $600K and 1 between $600 and $800K. This gives us a total of 175 houses sold through the GMLS and another 156 houses under contract.

Things are still very busy, but not quite as cutthroat when you get to $800K to $1M where we have 22 houses in inventory and 3 sold so far this month, but 11 houses under contract so you still have to be prepared to move quickly.

We have more houses listed over $20M (8 listings) than we have under $600K (the aforementioned 3 listings). Our median list price is $3.3M while our median sales price in May so far has been $1.65M.

 

GREENWICH REAL ESTATE MARKET REPORT – APRIL 2015

GREENWICH REAL ESTATE MARKET REPORT

APRIL 2015

by

Mark Pruner

Douglas Elliman – Greenwich

203-969-7900 – mark.pruner@elliman.com

  • Warm weather drive sales under $2M
  • Inventory finally rises to normal levels
  • Combat buying between $1 – 2M
  • Contracts pick up in $5 – 10M

 

April 2015 Shows Rebound from Hard Winter

Sales through the GMLS were up by 7 units from April 2014 and our contracts are up 10% from last April. We have 14 houses in contract between $5 and $10 million our best so far this year.

Warm weather in April also finally brought out the sellers with new listings. We were back to a normal amount of inventory by the end of the April when we had 521 single family homes on the market. New inventory is also coming on at a nice clip. Overall the market is looking promising for most price ranges and most areas of town.

Inventory 5/2/15 Contracts Last Mo. Solds Tot. Solds+ Contracts YTD Solds YTD+ Contracts Mos Supply Mos w/ Contracts Last Mo. Annlzd
< $600K 3 2 2 4 9 11 1.3 1.5 1.5
$600-$800K 12 7 3 10 5 12 9.6 5.5 4.0
$800K-$1M 20 12 2 14 8 20 10.0 5.5 10.0
$1-$1.5M 40 27 4 31 25 52 6.4 4.2 10.0
$1.5-$2M 60 31 11 42 28 59 8.6 5.6 5.5
$2-$3M 91 24 10 34 29 53 12.6 9.4 9.1
$3-$4M 84 14 6 20 12 26 28.0 17.8 14.0
$4-$5M 57 8 3 11 6 14 38.0 22.4 19.0
$5-7.5M 83 9 2 11 8 17 41.5 26.9 41.5
$7.5-$10M 20 5 0 5 2 7 40.0 15.7
> $10M 51 0 0 0 2 2 102.0 140.3
TOTAL 521 139 43 182 134 273 15.6 10.5 12.1

 

We have 139 contracts outstanding so you would expect to see months of supply drop further in May as we have more houses go to contract and more closings happening. If we do see a drop in months of supply it will probably be small and might even be an increase as we see more delayed inventory coming online. Our over $10M market continues to be worrisome as we had no contracts and no sales in April reported by the GMLS. We did have one private sale for $19.9M and a land sale for $13M, but we have 51 houses in inventory over $10M

 

Overall Market More Active in April 2015 – Dividing Line is at $2 – 3 Million

The table below compares April 2015 to April 2014. For example in the top left corner our inventory under $600K is down 9 houses from our April 2014 inventory and has a red background. Those changes that are pro-seller; lower inventory, more sales are in red. The changes from April 2014 that are pro-buyer such as more inventory and fewer contracts are in blue.

4/15 vs. 4/14 Inventory Contracts Mo. Solds Tot. Solds+ Contracts YTD Solds YTD+ Contracts Mos Supply Mos w/ Contracts Mo. Annlzd
< $600K -9 -2 0 -2 3 1 -6.39 -4.93 -4.50
$600-$800K -7 -4 -1 -5 -7 -11 3.49 1.07 -0.75
$800K-$1M -6 4 -1 3 0 4 -2.55 -3.21 1.33
$1-$1.5M -13 1 0 1 6 7 -4.37 -2.08 -3.25
$1.5-$2M 3 15 7 22 14 29 -7.1 -4.6 -8.80
$2-$3M -5 1 5 6 -1 0 0.20 -0.27 -10.10
$3-$4M 11 -3 0 -3 -8 -11 13.91 7.19 1.83
$4-$5M 20 -1 0 -1 -5 -6 25.02 12.48 6.67
$5-7.5M 8 6 2 8 3 9 16.40 -23.40 41.50
$7.5-$10M -8 3 -2 1 0 3 -14.04 -21.81 -14.00
> $10M 15 -6 -3 -9 -4 -10 78.84 124.17 -12.00
TOTAL 9 14 7 21 1 15 0.69 -0.14 -2.11
pro-buyer pro-seller

 

As you can see price ranges below $2 million have lots of red; inventory is down, sales are up and months of supply is down. It is a seller’s market below $2 million and particularly from $1 – 2 million. I’ve had two properties in this price range and in both cases we had an accepted offer in less than five days with back-up offers. For anyone in this price range (I’d be glad to send them my article on how to win in competitive bidding situations.)

Over $3 million the situation is pro-buyer. We have more inventory than last year and YTD solds are down. Part of the upper end is looking better as we have 9 more contracts between $5 and $10 million. These contracts results in big drops in our months of supply.

We’ve been waiting for this improvement all year. That price range is better, but we still have a ways to go. Even if you add in the contracts we have over a year’s supply between $7.5 and $10M and over two year’s supply between $5 and $7.5 million.

 

Months of Supply Shows Tight Market to $2M, Improving from $3 – 10M

11

If you look at the months of supply sales and contract bars (red bars) you can see that they are below the blue bars (only sales) in every price category indicating an improving market. Normally you don’t see this pattern until May and June as the rate of sales and contracts exceed the rate of new inventory coming on, but not this year. We are getting the inventory coming on, but we are also getting the contracts.

The white bars which are the April sales annualized show that April was a good month for sales from $1.5M to $5M. Above $5M we had contracts but the sales hadn’t started up yet. Over $10M months of supply is literally off the chart.

Good Inventory and Better Sales from $1 – $2 Million

To see just how competitive the $1 – $2 million market is stack the red bar (contracts) on top of the light blue bar (sales) and compare their combined height to the dark blue bar, inventory. If you do the same thing over $3 million you can see that we have a higher percentage of inventory and fewer sales and contracts. The nice thing is that the red bars (contracts) in these price ranges are all taller than the light blue bars (YTD sales) showing that this segment is improving.

 

22

Percentages & Pie Charts

Another way to look at the market is the size of the pie pieces. In 2015 they look much different than in prior years. If you look at the YTD Solds pie you can see how big the $1 – $3 million market is compared to the inventory. You can also see from the contract pie that it will continue strong.8884

Summary

April statistics is showing an accelerating market as inventory is up, but so are contracts. The additional contracts between $5 and 10 million are particularly significant as this has been a slow market. The one worrisome area is sales over $10M where we have had only 2 sales so far this year of GMLS listed properties and 3 private sales.

The market from $1 to $2 million is particularly strong as we are seeing not only young families moving from Manhattan to Greenwich, but also significant demand from downsizers from Westchester. Both groups are competing for the same houses. In addition this price range is a sweet spot for builders that are looking to spend $1 – 2 million for the land, build new and sell for $3 – $6 million.

After a weak beginning it looks like the market is coming back strongly.

 

 

 

March Slow Sales – Good Contracts

 

  • March sales come in like a lamb
  • Low inventory hurts sales from $1 – 3M; still our top sellers
  • No market under $600K – 3 houses in inventory
  • Wall Street bonus recipients buying from $3 – 10M

 

March a Decent Month for Contracts – Not So Good for Sales

This year has continued the tradition of the last several years with good months followed by a not so good month. February was a great month for sales and March was not. Last month, 41 houses sold in Greenwich. This month, we are down to 31 houses sales as reported by the GMLS. We’ll pick up a few more private sales, but I’ll be very surprised if get to our 9 year average of 42 sales in March.

 

As of 4/5/15 Inventory Contracts Last Mo. Solds Tot. Solds+ Contracts YTD Solds YTD+ Contracts Mos Supply Mos w/ Contracts Last Mo. Annlzd
< $600K 3 5 2 7 7 12 1.3 1.1 1.5
$600-$800K 11 3 0 3 2 5 16.5 9.9
$800K-$1M 19 9 4 13 6 15 9.5 5.7 4.8
$1-$1.5M 37 14 6 20 21 35 5.3 4.8 6.2
$1.5-$2M 42 28 5 33 17 45 7.4 4.2 8.4
$2-$3M 82 19 6 25 19 38 12.9 9.7 13.7
$3-$4M 75 11 2 13 5 16 45.0 21.1 37.5
$4-$5M 51 8 2 10 3 11 51.0 20.9 25.5
$5-7.5M 74 10 4 14 6 16 37.0 20.8 18.5
$7.5-$10M 24 2 0 2 2 4 36.0 27.0
> $10M 43 0 0 0 2 2 64.5 96.8
TOTAL 461 109 31 140 90 199 15.4 10.4 14.9

 

The quarter over all was affected by the harsh winter with limited listings under $1 million and limited sales. Over $3 million contracts are looking up from $3 – $7.5M and we have a good inventory. The winter house effect continues over $7.5 million as folks are going to to their ski house or Caribbean house waiting for better weather. (I am seeing more showings over $7.5M now that the snow has disappeared.)

 

Inventory continues low under $3 million while increasing over $3 million vs. 2014

Our inventory continues to be low with only 461 total houses on the market in all of Greenwich. Under $3 million, we are down 41 listings over this time last year to only 109 listings. (Under $600K we only have 3 house listings.) This shortage of inventory in our most active markets is disguised by the increase of listings in 2015 from $3 – $5 million where we are up 32 listings over 2014.

 

3/15 vs. 3/14 Inventory Contracts Last Mo. Solds Tot. Solds+ Contracts YTD Solds YTD+ Contracts Mos Supply Mos w/ Contracts Last Mo. Annlzd
< $600K -9 2 0 2 3 5 -7.7 -6.6 -4.5
$600-$800K -6 -5 -4 -9 -6 -11 10.1 5.1
$800K-$1M 1 1 3 4 1 2 -1.3 -0.5 -13.3
$1-$1.5M -7 -2 0 -2 6 4 -3.5 -1.6 -1.2
$1.5-$2M -14 12 3 15 7 19 -9.4 -5.5 -19.6
$2-$3M -6 8 0 8 -6 2 2.4 -1.3 -1.0
$3-$4M 13 -7 -3 -10 -9 -16 31.7 12.4 25.1
$4-$5M 19 1 1 2 -5 -4 39.0 11.3 -6.5
$5-7.5M 3 7 3 10 1 8 -5.6 -19.1 -52.5
$7.5-$10M -2 -2 0 -2 2 0 -2.3
> $10M -1 -4 0 -4 -1 -5 20.5 68.5
TOTAL -9 11 3 14 -7 4 0.8 -0.4 -1.9

 

Our mid-market from $1 to $3M continues to be the hot part of the market. Of our 90 sales so far this year 57 are between $1 and $3 million. We also have 20 contracts between $1.5 million and $3 million so this price category will have good sales this month also.

(If you are looking between $1.5 – $2M, let me know. I just put 21 Sawmill Lane on for $1.89M which is actually below its 2013 appraisal. The client would like a quick sale and given the good price and active market it may not be on long. Update: It took 3 days to get an accepted offer.)

When you look at the rest of the market we are down 9 contracts. One noticeable bright spot is the $5 – 7.5M price range where we are up 7 contracts over last year.

 

Harsh Winter Shown by Months of Supply Chart

If you look at the months of supply sales curve (blue bars) you can see what a harsh winter we have had in the first quarter. The month of supply sales bars are all over the place as a few sales either way in each price category resulted in significant moves up and down.

March2015.MoS

 

If you add in the contracts (red bars) you can see that you have a much smoother curve from the low end to the high end. (The one major exception is the $600K to $800K where we only have 11 listings and two sales so far this years, but we have 3 properties under contract in this price range.) You can see the effect of the harsh winter if you look at the $3 – $10M price range. If you compare the height of the sales bar (blue bars) to the height of sales and contracts bar (red bar) you can see how much the contracts in this price range will be improving as a result of post-snow contracts.

 

Sales Slower Under $1 Million – Little Inventory, Even Less New Inventory

To see just how competitive the $1 – $2 million market is stack the red bar (contracts) on top of the light blue bar (sales) and compare their combined height to the dark blue bar inventory. You can see just how competitive this part of the market is. If you do the same thing over $3 million you can see that we have a higher percentage of inventory and fewer sales and contracts. The nice thing is that the red bars in these price ranges are all taller than the light blue bars showing that this segment is improving.

March.2015.Sales.Inv.Cur.Ks.040815

 

              March Sales Down Compared to Average

The cumulative effects of bad weather in January, February and the early part of March drove sales down in March 2015. The last two years, March sales have lagged compared to the average only to see a recovery above average in April. The odds are that this pattern will repeat itself in 2015. We have more contracts than last year and the threat of rising interest rates later this year seem to be motivating folks particularly in our middle market.

2013-Mar2015Prelim.Avg.SalessbyMo.011914

Percentages & Pie Charts

Another way to look at the market is the size of the pie pieces. In 2015 they look much different than in prior years. If you look at the YTD Solds pie you can see how big the $1 – $3 million market is compared to the inventory. You can also see from the contract pie that it will continue strong. The contract pie chart also shows that the $3 – 10 million market will also be getting better.

March2015..Inventory.040515

 March2015..SalesYTD.040515

Summary

The first quarter shows a very strong mid-market and signs of an improving market over $3 million. The one worrisome area is sales over $10M where we have had only 2 sales so far this year of GMLS listed properties and 2 private sales. The lower end of the market just needs more inventory and sales will do well.

Mid-country should stay strong this year and backcountry’s recovery should accelerate. Old Greenwich and Riverside, and particularly SoTra (south of the tracks) will command an even greater premium price. This means that Cos Cob and Glenville will also continue to appreciate as the best combination of square footage, acreage, schools and price for many families priced out of or not willing to pay the SoTra premium.

Builders are going to be much more active both for teardowns and custom built houses and for spec houses. In fact, with financing for spec houses finally coming back, the builders could see major growth this year.

 

 

March Continues February Trend of Fat Middle – High End Showings Up

GREENWICH REAL ESTATE MARKET REPORT FOR 3/21/15
We have 83 sales of single family homes in Greenwich so far this year. Of those houses 24 of them have been in the first three weeks of March. Now the average sales for the whole month of March over the last 9 years has been 41 sales so we are likely to finish the month below this average. However, in March 2013 and 2014 we only had 35 and 31 sales. Last year was another harsh winter and our sales should be the 31 sales in March 2014.

The price distribution of the sales continues to follow the pattern that we saw in February with a fat middle and skinny ends. Under $1M we have only 4 sales while over $4M we also only have 4 sales none of which are over $6M. Our high end buyers seem to be enjoying their winter houses whether on the ski slopes or at the beach.

At the low end there are just fewer places to put the snow. Sellers are holding off on listing their houses until they get rid of these piles of snow. So far this month we have had 74 new listings and only 12 have been under $1M. Of those 12 new listings 4 are already under contract and one was a private sale that listed and closed the same day for a net gain of only 7 listings.

The middle price range in Greenwich continues to be where the action is. Sixteen of the 24 sales have been between $900K and $3.1M.

Contracts are looking good with 41 new contracts so far in March. Of those 41 contracts 33 are fully executed and waiting to close and 18 have contingencies. Amazingly inventory has actually shrunk from 468 houses at the beginning of the month to only 452 listings today.

I would expect a real explosions of listings in April as owners who have been waiting for better weather put their houses on the market. One worrisome trend that we are seeing nationwide is that move-up owners in this low inflation environment are taking more years to build up enough equity so that they can move up to a larger house as their families expand. Banks are addressing this issue by making more loans available where the move-up buyer can put down less than 20% thus requiring less equity appreciation.

On the plus side showings of high end homes are looking up, at least if my experience is any indicator. I’ve had three showings of my $8.7 million listing at 26 Wooddale and have a showing scheduled of my $5M lakefront listing in New Fairfield. Interestingly, none so far are from the financial community, but are from China, a dotcom and Westchester County.

I’m betting we will have more than the 700 sales that we had last year, but only time will tell how these countervailing trends will balance out.

 

Greenwich has Record Mid-Market Sales – Feb. Cold Hammers Low- and High-End Sales

  • Best February sales in years
  • Sales and contracts from $1 – 3M are top sellers
  • Market under $1M has low sales due to limited inventory
  • Market over $5M has few buyers in record cold

 

A Record February – Mostly From a Tight Price Range

February 2015 was not only a record cold and snowy month, it was also a record month for Greenwich real estate. We had 41 single family home sales in Greenwich in what is traditionally the slowest month of the year. These 41 sales are more than we’ve ever had in February in last decade. They are also almost 50% more than January’s 28 sales.

Sales.SFH.2013-FebFNL2015.031415

 

The curious thing about the sales is how concentrated they are. Two-thirds of the sales are between $1 million and $3 million even though it only covers one-third of our inventory. Outside of this price range sales have been slow so far this year.

As of 3/5/15 Inventory Contracts Last Mo. Solds Tot. Solds+ Contracts YTD Solds YTD+ Contracts Mos Supply Mos w/ Contracts
< $600K 7 2 2 4 5 7 2.8 3.5
$600-$800K 11 2 1 3 2 4 11.0 9.6
$800K-$1M 13 3 2 5 2 5 13.0 9.1
$1-$1.5M 40 13 8 21 15 28 5.3 5.0
$1.5-$2M 43 21 9 30 12 33 7.2 4.6
$2-$3M 66 15 8 23 13 28 10.2 8.3
$3-$4M 59 11 1 12 3 14 39.3 14.8
$4-$5M 53 4 1 5 1 5 106.0 37.1
$5-10M 98 9 3 12 4 13 49.0 26.4
> $10M 48 0 1 1 2 2 48.0 84.0
TOTAL 438 80 36 116 59 139 14.8 11.0

Sales Slower Under $1 Million – Little Inventory, Even Less New Inventory

Greenwich is a great place to live and as a result we never have enough inventory under $1 million. Usually we see 3 – 5 months of supply in this price range. Now we have 3 – 13 months of supply even though we only have 31 houses listed under a million. Most of the listings we do have were put on last year or even before and are selling slowly. In this price range days on market are normally measured in days and weeks not months.

Feb2015.MosSupply.030615

Clearly our cold, snowy winter is keeping owners from putting their houses on the market. Normally, listings start coming on after Super Bowl, but this year owners have held off waiting for better weather.

The problem with this price segment as I wrote in the 2014 annual report is that low inflation and single digit house appreciation is slowing the equity build-up needed for the move-up market. Sales under $1 million dropped last year despite strong demand from buyers due to the lack of sellers.

Families are not only staying in their start homes longer waiting to build up enough equity to make a down payment on their next home, they are also renovating and expanding. Both actions are reducing market inventory and this trend continues all the way up to $2 million in Greenwich.

The High End Market – Harsh Winter, Slow Sales, Contracts Starting to Perk Up

Last year was a good year for high-end sales in Greenwich, in fact the best year since the recession. With Wall Street up, good 2014 bonuses and prior years of deferred bonuses vesting, we should be looking at good sales in 2015. So far this year we have had only 7 sales of houses on the GMLS over $4 million plus we have had 2 private high-end sales over $10 million. We still have a ways to go with an inventory of 199 houses over $4 million.

Over5MMSales.K.1-2.2015.mp.030615

On the good news side 24 of the 80 contracts are for over $4 million so months of supply will be dropping as the red bars show in the chart above. Sales in the $5 – 10M price range and $3 – 4M will perk up over the next couple of months as the 20 contracts in these price ranges close.

Inventory, Sales and Contracts

The hard winter has effected inventory at all levels. We only have 438 listing when we should be closer to 500. Clearly, there is a shortage under $1 million and the market is tightening rapidly all the way up to $2 million.

Feb2015.Inv.Sales.Ks.030615

Sales have really only been strong in a narrow range of $1 – 3 million, but there they have been very strong, when compared to prior years. Start with the light blue bars (sales) and stack the red bars (contracts) on top and compare the height to the dark blue bar (inventory) and you can see how fast inventory is disappearing in only two months.

The distribution of the red bars, contracts, are the most interesting with only 7 contracts under $1 million. We’ve got 13 contracts between $4 and $7.5 million and none above. Three-quarters or 60 of our 80 contracts are between $1 million and $4 million.

Percentages & Pie Charts

Another way to look at the market is the size of the pie pieces. In 2015 they look much different than in prior years. If you look at the YTD Solds pie you can see how big the $1 – $3 million market is compared to the inventory. You can also see from the contract pie that it will continue strong. The contract pie chart also shows that the $3 – 10 million market will also be getting better.

Feb2015.Inventory.030615 Feb2015.SoldsYTD.030615 Feb2015.Contracts.030615

 

Summary

It’s early in the year and this market is not indicative of what we are likely to see once the snow melts. Sales over $5 million should pick up nicely as the year goes on. I’d expect a sudden surge of new listings when the snow melts as pent-up listings are put on the market.

Hopefully, 2015 is the year that we see the end of the skittish, post-recession market of two good months followed by a poor month. Our biggest market risk continues to be a dysfunctional Washington. We have had major sales dips when Congress has reached major impasses. The fall of the Euro is a concern, but at the same time it makes the U.S. and particularly Greenwich real estate look like a good place to invest.

Mid-country should stay strong this year and backcountry’s recovery should accelerate. Old Greenwich and Riverside, and particularly SoTra (south of the tracks) will command an even greater premium price. This means that Cos Cob and Glenville will also continue to appreciate as the best combination of square footage, acreage, schools and price for many families priced out of or not willing to pay the SoTra premium.

Builders are going to be much more active both for teardowns and custom built houses and for spec houses. In fact with financing for spec houses finally coming back the builders could see major growth this year.

Now if we can just get this snow to go away, we can a have an excellent 2015.

38 Open Houses in Greenwich on Sunday, 3/8/15

Open House Map.030815

Daylight Savings-Spring Ahead! Remember to set your clocks ahead one hour at 2 a.m. Sunday morning. Hopefully, we had the final storm on Thursday and the forecast is for spring-like temperatures—clear skies in the 40’s to 50’s!! There are 38 Open Houses this weekend with many of them on Saturday. Pay particular attention to the days and times to make sure you plan properly.

The prices range from $299,000 to $6,595,000. Come out and enjoy these beautiful homes.

Please click here for the interactive map. The static map is below.

Thanks to Rob Pulitano for preparing the list of Open Houses and the interactive map and to Pam Toner for the hot links and the Word document attached.

Address Town Price Time
50 Lafayette Place  #1i Greenwich $299,000 1-3 PM
1465 E Putnam Avenue  #311 Old Greenwich $324,500 1-3 PM
147 Putnam Park  #147 Greenwich $500,000 1-3 PM
30 Almira Drive Greenwich $649,900 2-4 PM
16 Idar Court Greenwich $850,000 1-3 PM
15 Strickland Road Cos Cob $879,000 1-4 PM
285 Bruce Park Avenue  #B Greenwich $1,195,000 1-3 PM
1 Northfield Street  #A Greenwich $1,295,000 1-4 PM
11 Suburban Avenue Cos Cob $1,350,000 1-4 PM
41 Leonard Avenue Riverside $1,395,000 1-4 PM
405 W Lyon Farm Drive  #405 Greenwich $1,650,000 3-5 PM
16 Mackenzie Glen Greenwich $1,699,000 1-4 PM
233 Milbank Avenue  #6 Greenwich $1,795,000 Sat  1-3 PM
233 Milbank Avenue  #8 Greenwich $1,795,000 Sat  1-3 PM
43 Riverside Lane Riverside $1,849,000 1-4 PM
30 Chapel Lane Riverside $1,895,000 1-3 PM
39 Oval Avenue Riverside $1,897,000 1-3 PM
233 Milbank Avenue  #5 Greenwich $1,950,000 Sat 1-3 PM
82 E Elm Street  #B Greenwich $1,950,000 Sat  1-3 PM
112 Taconic Road Greenwich $2,000,000 1-4 PM
233 Milbank Avenue  #2 Greenwich $2,050,000 Sat  1-3 PM
40 Riverside Lane Riverside $2,095,000 1-4 PM
233 Milbank Avenue  #3 Greenwich $2,100,000 Sat  1-3 PM
270 Palmer Hill Road Riverside $2,250,000 1-3 PM
38 Byfield Lane Greenwich $2,395,000 1-3 PM
11 Meyer Place Riverside $2,888,000 2-4 PM
75 Dearfield Drive Greenwich $3,000,000 1-3 PM
44 Cedar Cliff Road Riverside $3,400,000 2-4 PM
1 Reynwood Manor Greenwich $3,495,000 1-3 PM
38 Bramble Lane Riverside $3,895,000 1-4 PM
70 Sherwood Avenue Greenwich $3,975,000 1-4 PM
14 Sherwood Farm Lane Greenwich $3,995,000 1-3 PM
8 Willow Road Riverside $4,095,000 2-4 PM
10 Esther Place Old Greenwich $4,295,000 1-3 PM
26 Stillman Lane Greenwich $4,850,000 1-3 PM
22 Stillman Lane Greenwich $4,995,000 1-3 PM
591 Round Hill Road Greenwich $5,990,000 1-4 PM
3 Dunwoodie Place Greenwich $6,595,000 1-4 PM