Entries from January 2008

January 14, 2008

Not such a bad yearFrom what I can understand of this year’s statistics, 726 single family homes sold in 2007, compared to 727 in 2006. Average price this year was $2,973,000 and median was $2,100,000, compared to $2,663,000 and $1,940,000 last year. That’s not huge growth, of course, but if you’ve been reading the main [...]

January 14, 2008

Still in the winter doldrumsNot a heck of a lot going on this week in our real estate market, but that means no catastrophes, either. Decent houses are selling for good prices, badly-priced houses are languishing. Same old story – I wouldn’t panic and sell the homestead for pennies just yet.
Greenwich BuildersOne problem in writing [...]

January 14, 2008

RetreadsThat’s the term used by my colleague, Gary Disher when referring to the huge number of expired and withdrawn listings due to return to the market this month. If your house is among them, know that you’ll need to stand out. I saw today a $4,500 reduction on a million-dollar house; that’s not going to [...]

January 14, 2008

Good by, Foodmart?I am sorry to see that Food Mart in Cos Cob is soon to be replaced by a CVS. Many folks enjoyed walking to their grocery store; now they can’t. The two Food Marts, this one in Cos Cob, the other in Old Greenwich, have no doubt been hammered by the opening of [...]