Daily Archives: April 8, 2009
The level of professionalism among Greenwich real estate agents
So my clients offered a bit under $3 million for a property listed for $5.1 million. We received this response: Chris, My clients are very appreciate [sic] of your offer and would like to counter @ 4,099,000. Okay, that’s a … Continue reading
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Obama bows to Saudi King?
The White House insists it ain’t so – the King is a short little f..ker and the Messiah was simply bending down to grasp his pudgy hand. The video’s here, the “bow” takes place 59 seconds in. You decide – looks … Continue reading
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Spec house trouble
How much trouble can builders bear? I know of one builder with three unsold projects, all ranging from $4ish to $6 million and nothing in that price range has sold in his end of town in six months. There’s another … Continue reading
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More fun facts about Greenwich real estate
Single family houses going to contract April 1-8, 2009: 4; 2008: 16; 2007: 16 March contracts, 2009: 10; 2008: 39; 2007: 92 April sales, 1-8, 2009: 3; 2008: 13; 2007 13 March Sales, 2009: 15; 2008: 34; 2007: 57 Judging … Continue reading
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What sold last month
There were fifteen sales last month, as follows: 7 Windy Knoll: ask $465, sold $445 (96%) 3 Talbot Lane: ask $589, sold $490 (83%) 6 Ernel Drive: ask $850, sold $750 (88%) 34 Halsey Dr: ask $944, sold $837 (88%) … Continue reading
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Here’s what’s selling now
Those of you who think that an offer 25% lower than your asking price is insulting and not worth a response may want to see what is selling these days. Here’s our only sale this week and the third this … Continue reading
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Market trends
In preparation for giving a price opinion on a colleague’s proposed listing I pulled up sales records for the little Cos Cob street that it’s on, from 1999 to date. Interesting to see what one street shows about our town’s price … Continue reading
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I wondered whether this might happen
US crew reported to have seized back control of their ship from Somali pirates. Reports still vague, but that’s what seems to have occurred. These seizures in the past have been of foreign flag ships with crews that seemed content … Continue reading
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Deliberate Ignorance
I was told twice this week that two, separate multi-million dollar offers were “insulting” and would not be dignified by a response (that’s not entirely accurate – one deluded seller took one dollar off the asking price). What strikes me … Continue reading
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Price Guessing
(After voting, you may scroll down to “You be the Judge” for the answer)
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You be the judge
I have absolutely no opinion on this new listing – I haven’t seen it – so I thought it would be fun to just stick it up here and see who can guess (a) its asking price and (b) its … Continue reading
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The current value of Greenwich building lots
Interesting to see the disconnect between asking prices and buyer’s opinion of land values these days. Right now, commercial builders are pretty much off the market because, at least from what I hear, banks won’t lend on speculative projects: no … Continue reading
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Yesterday GM, now banks
Yesterday GM pretty much admitted the the $25 billion (or so) in bailout money had been spent for naught and was getting ready to file for bankruptcy, as suggested by many last fall. Now comes a U.S. Congressional panel saying … Continue reading
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