Bidding Wars: Who Doesn’t Love ‘Em?

14 Druid Lane, Riverside, 1950’s colonial nicely updated 2006. Asked $2.195M, went to bidding war…            List: Cynthia De Riemer

You (exceedingly patient) long-time readers know that I approve of bidding wars for a number of reasons, first and foremost of which is that they indicate extreme market enthusiasm. Another positive feature is that they create a “spin-off” effect: all the participants who didn’t get the house are now really, really primed to get the next one! They’ve now learned their lesson, that if you really want a house, don’t be hesitant, be bold. Raise your price, drop your contingencies.

Of course, they’re also ticked off and may well blame their broker for losing the house, so the trick for the broker is to hold on to them through the (bidding war) process and then, sell them something else.

So far this year there have been far too few bidding wars (that I’m aware of), but here are two properties that went “several hundred thousand” over their asking price. When they close, I’ll post an update.

17 Welwyn Road, Riverside, very impressive Ken Bacco-built 2006 (w/2017 updating) shingle-style. Asked $4.1M, went to bidding war…   List: Krissy Blake    Sell: Jane Basham

 

P.S. These happen to be Riverside examples, but I’m happy to say, mid-country Greenwich is also selling well lately.

 

 

 

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Public Open House: oh boy!

122 Cedar Cliff Road, Riverside, CT 06878

Yep, I’m running one at my $4.5M tear-down* (nestled among $20M+ estates) today, 2:00-4:00 PM. And remember, it’s “Daylight Savings Time” (bah!), so don’t forget to– er – Spring back and Fall forward! yeah, that’s it…

*for the likely buyer, that is.  Me? I could live in this house no problem.

Is This What Your Ski House Should Look Like? Tune In Today!

Is this your idea of a charming, warm, and inviting ski house? Maybe it is!

From Connecticut Cottages & Gardens Magazine, this profile of an un-named Greenwich couple’s new, ultra-modern Vermont ski house is the one of the lead features.

Listen to the radio show this morning at 11:00 and you’ll hear us make fun of it, or, at the very least, disagree with the concept of building a Manhattan-style Soho loft apartment in the middle of the woods.

Go to: WGCH.com

Darkness Will Remain

Central Greenwich, mere feet from my office, a grand old tree bites the dust (and takes a chunk of downtown’s power with it)

Not to, er, depress anyone, but I took a little drive around the (totally dark) Riverside section of Greenwich this evening, not a single utility truck in sight. What’s our power company calling itself these days? Evercore? Eversore? anyway, they have plenty to do tonight and clearly Riverside is not at the top of the list.