Oh No! People Are Buying Real Estate Again!

15 Winding Lane closes today at $5.250M (last sold 2013 at $4,558,315). List: Joy Kim Metalios Sell: Deborah B Huffard

15 Winding Lane closes today at $5.250M, only 11 days on the market! (last sold 2013 at $4,558,315).
List: Joy Kim Metalios
Sell: Deborah B Huffard

Friends, I’ve horrible news for fence-sitters: Other people are stepping up and buying Greenwich real estate. Today’s “hotsheet” shows at least EIGHT deals, either closed, pending, or contingent contract. Prices range from a mid-country mansion at $5,250,000, down to a cute little Old Greenwich shack at $1,299,000. That’s a broad swath.

Also good news is the fact that the two most expensive ones on this list both sold three years ago for quite a bit less and the owners put money into them and now they’re getting the money back, amazing!

“What about the ten million dollar back-country palaces, what of them?”, I hear you jaded, cynical types ask. That category is, I will admit, still flagging, but their day will come, lads, their day will come!

450 North Street, asking $4.995M, under contract. Last sold 2013 at $3.675M.

450 North Street, asking $4.995M, under contract. Last sold 2013 at $3.675M.

180 Shore Road, OG, closed at $3.8M.

180 Shore Road, OG, closes at $3.8M.

14 Long View Avenue, Riverside, closes at $3.352M.

14 Long View Avenue, Riverside, closes at $3.352M.

76 Shore Road (tear-down), asks $2.295M, closes today at $2.502M, bidding war!

76 Shore Road (tear-down), asks $2.295M, closes today at $2.502M, bidding war!

35 Old Wagon, Havemeyer Park, OG, asks $2.495M, now under contract (this will break the street price record).

35 Old Wagon, Havemeyer Park, OG, asks $2.495M, now under contract (this will break the street price record).

27 Tait Road, OG, asks $1.995M, 30 days later, under contract.

27 Tait Road, OG, asks $1.995M, 30 days later, under contract.

10 Lockwood Drive, OG, starts at $1.3995, quickly lowers to $1.299M, now has deal. Total time on market: 48 hours.

10 Lockwood Drive, OG, starts at $1.3995, quickly lowers to $1.299M, now has deal. Total time on market: 48 hours. Oops, correction: total time on market 365 days!

 

 

 

7 thoughts on “Oh No! People Are Buying Real Estate Again!

  1. Good update. I am most impressed with the Old Wagon news. Drove through neighborhood and there are at least five other homes like it under construction. Neighborhood is now transformed. Can’t wait to see final sales price. Can’t wait for the Hillcrest lots to come on market and see what they go for. Eastern Greenwich north of Post offers the best value in town. Lots of young families. Close to all. Great schools. Solid neighborhoods.

    Also almost all of these sales are in eastern Greenwich. What does that say about market and buyer preferences? Would love feedback.

    • Anon:
      Don’t conclude TOO much from this small sample of recent sales. There are plenty of sales throughout the town, including way over on the western boarder of King Street and the neighborhood known as “King Merritt Acres”.

  2. 15 Winding Lane looks fantastic. Tasteful renovation and a premium location. Fortunately they priced it well. Plenty of less attractive properties on the market asking higher prices.

  3. 35 old wagon is a beautiful construction, that neighborhood seems to be on the final chapter of a beautiful turn around. Great value in a great school district in my opinion.

    • Anon:
      35 Old Wagon has quite a “daring” interior, with a huge entrance hall, and a fairly open-plan first floor. The kitchen and family room and living room are pretty much one big space. I thought I didn’t like this idea, but here it looks really cool.

      • I think the trend towards open floor plans is great and more and more new constructions seem to have it. Do you think it is a short-lived trend or will new constructions continue to lean towards this model?

        -Melvin

      • Anon:
        Comedian Jerry Seinfeld once observed that entertainment executives are “as conservative as bankers, they’re only comfortable with what’s been done before”. Comedian Gideon Fountain feels the same way about builders, they are cautious and conservative. That’s why their spec houses are painted in neutral tones. Likewise, their gradual elimination of living rooms reflected the slow changes in consumer tastes.
        So, in answer to your question, no, the open-plan is probably not short-lived, builders will stick with it until the next new idea comes along, which could be many years.

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