November Greenwich Real Estate Statistics

Great info from my friend and fellow Berkshire Hathaway Realtor, John Cooke

Attached is the November, 2013 Sales Analysis and the Single Family Closings by month, 2006-2013 for the Greenwich Real Estate market.

There were 46 single family closings in November.  This was the best November in the last 6 years, and is approaching the 2006 and 2007 sales years.  Total single family units sold (664) is 16% better than last year at this time and dollars spent ($1,420,370,121) are up 9%.  The under $2,000,000 market and the over $2,000,000 market unit sales are both up, 15% and 18% respectively.  The median sale price so far is $1,641,000, up 3%.

The least expensive single family sale so far this year was $360,000 (21 Byram Road) and the highest was $25,000,000 (529 Indian Field Road).  The average days on the market so far this year is 192, with the high being 1823 days.  The sale price vs listing price is 95% on average so far in 2013 with the high being 167%.  The average sale price per square foot is $520.92, with the high being $2,114.87.  The average square footage of the houses sold so far in Greenwich in 2013 is 3820, with the high being 17,121 square feet.

The average price of a condominium that sold in Greenwich at the end of November was $780.302, down 4% vs 2012.  The number of units sold is up 41% to 203.  The total dollars spent on condominiums at the end of November was $ 158,401,352, up 35%

I hope you find this information helpful.  Please let me know when I can be of further service.

November Greenwich Sales Statistics

November Greenwich Sales Statistics

Best regards,
______________________________

JOHN W. M. COOKE

Berkshire Hathaway HomeServices
New England Properties
136 E. Putnam Avenue
Greenwich, CT 06830
O; 203-637-1821  O: 203-637-6257
C: 203-964-7931   F: 203-637-1814
jwmcooke@aol.com

Search all Greenwich MLS Listings – Most Up to Date Data

The Greenwich Multiple Listing Service just changed vendors and a lot of our pre-Internet agents aren’t happy with having to learn new ways of doing things, but one of the great things that FlexMLS provides us that the old service MLXchange did not provide is an easy to implement IDX search of the entire Greenwich MLS database.

Now what Trulia and Zillow won’t tell you is that their Greenwich listings are not always complete and certainly not up to date. To see the direct IDX feed right out of the Greenwich MLS database click the link below. As you will see we have 993 listings available for your perusal. Included in these 993 listings are 666 residential listings (120 of which are out of Greenwich listings co-listed on the GMLS). The other listings include rentals, land, and mult-family listings.

To see the lite version of the direct GMLS feed click here.

Let me know if you like this and I’ll pony up for the full paid version if enough folks think it is useful.

All 14 Greenwich Open Houses – November Greenwich Market Report

We have 14 Open Houses this week from a rental priced at $5,400 to a Greenwich home for $6,500,000. Please notice the times for each house this week. There are several shortened times. 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 attached printable open house list and map.

Please click here for the interactive map and you can see the static map below as well as my market report.

Greenwich Sunday Open Houses

December 8, 2013

Address Town Price Time Broker
51 Forest Av  #17 Old Greenwich $5,400 1-3 PM Berkshire Hathaway
17 Hawkwood Ln Greenwich $9,000 1-3 PM Coldwell Banker
20 High St Greenwich $575,000 1-3 PM Coldwell Banker
53 William St  #A Greenwich $725,000 1-4 PM Berkshire Hathaway
15 Lafayette Ct  #4A Greenwich $775,000 1-3 PM Coldwell Banker
82 Farms Rd Stamford $1,362,000 1-4 PM Berkshire Hathaway
7 Dearfield Ln Greenwich $2,280,000 1-3 PM Shore & Country
55 Shore Rd Old Greenwich $2,349,000 1-3 PM Weichert
17 Hawkwood Ln Greenwich $2,590,000 1-3 PM Coldwell Banker
81 Sawmill Ln Greenwich $2,995,000 1-3 PM Houlihan Lawrence
900 Lake Av Greenwich $3,195,000 12-3 PM Raveis
20 West End Av Old Greenwich $3,899,000 1-3 PM Higgins Group
585 Round Hill Rd Greenwich $4,495,000 1-3 PM Coldwell Banker
421 Field Point Rd Greenwich $6,500,000 1-4 PM Berkshire Hathaway

 

Open House Map.120813

 

Greenwich Real Estate Market Report

November’s 43 sales were once again above 2012 sales and above the 6 year average; and these are only the sales reported by the MLS. We can be reasonably sure that we will pick up 2 -6 more private sales when the reports from the town clerk’s office come in. We can also be reasonably sure that December 2013 sales will not be a good as last year as we don’t have any major tax changes this unlike last year.

Sales.SFH.2006-Nov2013Prelim.mp.120413

What we do have is a mayoral change in NYC and so December sales should continue to look better than average as the de Blasio effect continues. This along with the generally strong market since April means that 661 sales so far this year have already surpassed single family home sales for all of 2012 even including the record Dec. 2012 sales.

The high end market continued to do well. We have 9 properties between $5M and $7.5 under contract and 5 over $10M also waiting to close. In addition two properties that sold for over $20 M were done as private sales. The lower end of the market continues very competitive and the inventory is down to 435 as sales continue, new listing take their seasonal drop and properties  are taken off the market for the winter.

 

Oct. 2013

Inventory

Contracts (Cts)

Mo. Solds

Tot. Mo. Solds+Cts

YTD Solds

YTD+Cts

Mos Supply

Mos w/ Ks

Mo. Annlzd

< $600K

11

2

2

4

34

36

3.6

3.8

5.5

$600-$800K

18

8

4

12

48

56

4.1

4.0

4.5

$800K-$1M

10

8

6

14

58

66

1.9

1.9

1.7

$1-$1.5M

36

17

4

21

110

127

3.6

3.5

9.0

$1.5-$2M

44

14

8

22

94

108

5.1

5.1

5.5

$2-$3M

71

27

12

39

121

148

6.5

6.0

5.9

$3-$4M

72

12

4

16

40

52

19.8

17.3

18.0

$4-$5M

35

6

1

7

20

26

19.3

16.8

35.0

$5-7.5M

64

9

0

9

29

38

24.3

21.1

$7.5-$10M

29

0

1

1

6

6

53.2

60.4

29.0

> $10M

45

5

1

6

5

10

99.0

56.3

45.0

TOTAL

435

108

43

151

565

673

8.5

8.1

10.1

 

 

Happy Holidays,

Mark Pruner                                                      Rob Pulitano                                                                      Pam Toner

203-969-7900                                                     203-561-8092                                                                     917-319-1580

mark@bhhsNE.com                                  robertpulitano@bhhsNE.com                        pamtoner@bhhsNE.com

www.greenwichstreets.com          www.GreenwichRealEstatePro.com                         www.pamtoner.com