Sales since September 1, 2008
A reader asked what’s been happening to sales since Septemeber so I looked it up. Remember that some of these sales were contracted for as early as April so their price today might not match that agreed to six months ago. That said, here goes, all 43 of them. (address, original asking price, sell price and % to original – formatting in Blooger is a bitch, so bear with me)

11 Langhorne $28 million – $13.75 – 49%
11 Island Drive $15.75 – $15.5 – 98.4%
4 Old Round Hill $14.5 – $10.875 – 75%
16 Beechcroft $8.295 – $6.15 – 74%
101 Brookside $6.995 – $5.995 – 85.6%
268 Round Hill $5.6 – $4.6 – 82%
18 Sherwood $5.4 – $5.2 – 96%
752 North St. $4.9 – $3.9 – 80%
25 Birchwood $4.2 – $3.6 – 86%
70 Pecksland $3.7 – $3.0 – 81%
123 Shore Rd $3.2 – $2.8 – 87.5%
67 Hillside $2.8 – $2.325 – 83%
21 Wilshire $3.495 – $2.180 – 62%
10 Keofferam $2.940 – $2.415 – 82%
29 Irvine $2.585 – $2.150 – 83%
27 Dandy $2.549 – $2.349 – 92%
11 Hettiefred $3.375 – $2.349 – 69.6%
69 Rockwood $2.295 – $2.729 – 119%
49 Arcadia $2.495 – $2.075 – 83%
62 Cat Rock $2.25 – $1.9 – 84%
83 Circle $2.795 – $1.885 – 67%
18 Orchard Hill $1.895 – $2.0 – 105%
3 Old Farm Rd $1.995 – $1.525 – 76% [pd.$1.75, 2003]
29 Spring St. $1.950 – $1.6 – 82%
17 Suburban $1.995 – $1.695 – 85%
25 Ridge St. $1.695 – $1.650 97%
83 Rvsd. Ave. $1.750 – $1.50 86%
22 Bramble $1.575 – $1.525 97%
5 Lockwood Dr. $1.575 – $1.4425 92%
28 Lockwood Dr. $1.495 – $1.595 – 106.6% [April contract]
47 Will Merry $1.895 – $1.350 – 71%
4 Cross Ridge $1.340 – $1.210 – 90%
7 Ginko $1.150 – $1.275 – 111%
12 Deep Gorge $1.250 – $ 937 – 75%
37 Sachem $ 915 – $ 860 – 94%
29 Old Wagon $ 849 – $ 720 – 85%
5 Hollow Wood $ 699 – $ 650 – 93%
990 North St. $ 672 – $ 685 – 102%
279 Davis $ 899 – $ 550 – 61%
60 Gold $ 610 – $ 481 – 79% [paid $495, 2003]

So not nearly as bad as it has seemed. Of course, we’re way down on contracts this month and of the few we have (9? 10?) some are way off asking price but still, the sky isn’t falling (or hasn’t yet fallen, take your pick)

4 Comments

Filed under Buying/Selling Greenwich Real Estate

4 responses to “

  1. Anonymous

    69 Rockwood: I run by that place – and nothing has changed. Someone might have run out of money or changed their mind, if it was a developer. House has no one living in it, no maintenance being done to it. Looks like someone wanted to knock it down and build, if I had to guess.

    CEA

  2. Anonymous

    Chris– have you noticed how prices at the bottom of the market seem vastly more out of wack than the top and middle? Look at the asking price per square foot of many of the sub-$1m places– it is insane.

    W.

  3. Anonymous

    If a buyer was interested in putting in a low-ball offer on a property, and the buyer’s agent submitted it (with reluctance) to the seller’s broker, how can one be sure that a seller’s broker would even present such an offer to their client? Since both buyer’s and seller’s brokers obviously have their commissions to think about and a lower sale price would mean a smaller commission, can you explain what, if any, codes of conduct and/or laws there are regarding this? Is it taboo to inquire how hard the brokers of Greenwich are trying to keep the dam from bursting?

  4. Chris Fountain

    Well agents are required by law and ethics to submit all offers. I’ve heard of agents who do so reluctantly, especially if they have their own competing offer to propose but I doubt anyone would lie about actually transmitting it. Of course, I’m always being surprised by the stupid things people do so ….