National averages mean little, but this might give you pause as a Greenwich buyer, and maybe a little incentive if you’re a seller.
Double dip coming in housing?
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For What It's Worth · Greenwich, Connecticut real estate, politics, etc.
How come you haven’t commented yet on the new 2010 assessments?
Because my taxes and Pal Nancy’s went down, and I want to stay hushed until someone else gets gored? : )
But they prove what you have been saying all along about the dropping values and the overpriced listings!
Greenwich houses at 150/sq ft coming soon. (post holiday)
That chart sucks. A better picture (you can still see rate of change):
http://www.ritholtz.com/blog/wp-content/uploads/2010/07/Case-Shiller-UPDATED.png
OG, here it is in PDF form so that you can size it as large or as small as you’d like.
I think your version is only through Q2.
http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&blobcol=urldocumentfile&blobtable=SPComSecureDocument&blobheadervalue2=inline%3B+filename%3Ddownload.pdf&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobkey=id&blobheadername1=content-type&blobwhere=1245262947491&blobheadervalue3=abinary%3B+charset%3DUTF-8&blobnocache=true
I found it via this very nice post at Calculated Risk.
http://www.calculatedriskblog.com/2010/11/case-shiller-broad-based-declines-in.html