I’ve said it before, we salesmen live for “comps”. If no one’s buying, how do we convince others to buy? This past week provided a bunch (23 total) of fresh comps so we’re all happy. I should also mention, there are reports of bidding-wars breaking out all over, which, though perfectly normal for this time of year, still comes as a bit of a surprise because of the widely perceived “slow market”.
My favorite sale of the week has to be Lindsay Sheehy’s sale of David Ogilvy’s listing at 16 Chimney Corner Lane, for $8,500,000. I like to see big numbers, of course, and this one is way up there in the high-zone, that’s the good news. My only molecule of concern is that, like almost everything else selling in the upper range, it’s waterfront. Does it always have to be waterfront? Is that still the only big stuff selling these days?
Second favorite sale of the week: my own sale, for $5,600,000, of Rob Johnson’s listing at 25 Willowmere Circle, Riverside. And yes, of course it was waterfront.
Next up, Joe Barbieri, with the help of Barbara O’Shea, has unloaded 30 Northway, Old Greenwich, a waterfront tear-down, for $6,250,000.
46 Grahampton Lane, Greenwich, fetched $4,162,500. List: Leslie McElwreath. Sell: Bryan Tunney. Waterfront, did you ask? Of course!
So the first four are waterfront, but there were six more of note, all non-waterfront, here they are…
33 Hendrie Avenue, Riverside: $2,710,000.
15 Beechcroft Road, Greenwich: $2,326,000 (ask was $2,195,000)
151 Shore Road, Old Greenwich: $2,283,000.
38 Birch Lane, Greenwich: $2,150,000 (ask was $1,995,000)
320 Sound Beach Avenue, Old Greenwich: $1,989,000 (mistakenly shows as “rented”)
139 North Street: $1,900,000.
Add thirteen more, priced below that last one above, to make 23 closings in one week? That’s a good week for Greenwich real estate.