If my own practice is typical, there are a lot of buyers suddenly interested in Greenwich property. I think that’s due to a sense that the market is settling, an improved stock market (even if only temporary) and a general feeling that, for the first time in a long time, Greenwich is “affordable”. I’ve been running almost non-stop the past two weeks and, after spending the morning with one client, I’m off to spend the afternoon with another, and I have five other new clients waiting to receive my emailed wit and wisdom on what’s out there that’s either reasonably priced or ridiculously -priced but perhaps available at something approaching sanity.
Will all this activity move houses? I certainly hope so, but I continue to think that 80% of our stock is over-priced and won’t move until it isn’t. Then again, I’ve seen some recent contracts reported that suggest either that the selling agent has a wildly different view than I on the respective merits of certain property or they’re just hucksters peddling junk at inflated prices using the Greenwich mystique to overcome buyer’s better judgement.
Hucksters selling Greenwich real estate? Nah, I must just be off base in my opinion.