Low inventory down by 40% YoY, persists as buyer demand holds strong. Total closed $ volume for the month of June was $412m, a 33% increase vs May '21. Pend-up demand for vacations is kicking in and slightly slowing down showings for the time being. Continue Reading
May Market Stats 2021
The May stats are in and aggressive buyer activity continued pushing the total dollar volume up to $292m, a whopping 134% increase YoY. Inventory levels remain anemic keeping the number of closed sales flat vs April '21. Continue Reading
April Market Stats 2021
Total $ volume is up 40% @ $264m April '21 vs Mar '21. Driven by soaring demand for larger homes, the median sale price hit $2.6m, an eye popping 50% higher than 1 year ago. This is the strongest sellers' market we've seen in decades. Continue Reading
March Market Stats 2021
We're finally seeing an uptick in new listings, 118% Mar '21 vs Feb' 21! However, demand is surging and savvy buyers are snapping up the good ones immediately. Continue Reading
February Market Stats 2021
The February stats are in and record low inventory pushes the median price up to $2.35m, a 27% increase YoY. Spring '21 is shaping up to be the strongest sellers' market in over a decade. DM us if you'd like to know the current value of your home. Continue Reading
January 2021 Market Stats
January stats are in and they are for more interesting than the Super Bowl stats... Continue Reading
December 2020 Market Stats
December stats show the median price of a SF home is up 8.8% YoY and supply is down to an anemic 3.8 mo. It is going to be a competitive spring market. Continue Reading
Wells Fargo Wants a Bigger Down Payment on That House in Greenwich
I've received a lot of text/emails on a Bloomberg article announcing Wells Fargo is increasing its down-payment requirements from 20% to 25% in Greenwich (it’s actually for the entire Fairfield County) Many asked -- what does this mean for Greenwich? My answer: Greenwich is probably in one of the stronger positions in all of Fairfield County. I would note a few Continue Reading
Report favors Greenwich over Westchester on Taxes
If it comes down to taxes, the numbers speak for themselves — and they speak loudly in favor of Greenwich over its cross-border counterparts. Yearly property tax bills differ by nearly $30,000 between comparable homes in Greenwich and the Westchester County, N.Y., communities of Rye and Scarsdale, per an analysis published by Greenwich’s Centric Property Group, and the new federal tax law is Continue Reading
Behind The Gates: Take A Trip Inside Greenwich’s Private Neighborhoods
If long driveways, high hedges and large lots don’t offer enough exclusivity, there’s an option in town for luxury real estate that remains off limits even for most local residents. Private neighborhoods feature gates, guards and, in some cases, cameras. In neighborhoods such as Belle Haven, Conyers Farm and Indian Harbor, only those with express permission can venture past their gates. Inside, Continue Reading
