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Market Conditions in Greenwich : Real Estate Advice

  • All107
  • Local Info6
  • Home Buying39
  • Home Selling3
  • Market Conditions6

Activity 7
Sat Nov 29, 2014
Yan asked:
This question was asked from http://www.trulia.com/property/3169659885-50-Lafayette-Pl-2G-Greenwich-CT-06830
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Wed Oct 30, 2013
Lynne Carriello answered:
What is your questions concerning Cos Cob.. Your like came from a home on gerry Street

Call me
lynne carriello
203-561-2811
0 votes 3 answers Share Flag
Wed Jan 16, 2013
Lynne Carriello answered:
Hello,
As everyone else has answered, this lovely home is not available at this time as it is rented. But it will be on the market after the rental as the owners would like very much o sell in the future. If you would like me to keep in touch concerning when this home does become available i would be only to happy to let you know. Also, you may also wish to consider buying with the renter in place for awhile, rates are very attractive. This property is not in the flight patterns. But as staed below many homes are impacted by many factors. This home is wonderful and built to great standards.
Please email me if you wish me to monitor for you.
Thank you lynne.carriello@cbmoves.com
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Mon Oct 29, 2012
Jay Cooke answered:
Dear Katie,

I know many of the Greenwich bloggers but I prefer doing independent research and using current models to determine market conditions. The University of Connecticut tracks the real estate market throughout the state. The latest Greenwich stats are up across the board: http://www.business.uconn.edu/cms/p1175

In this morning's news I noted the prediction by several large mortgage companies for an uptick in sales and demand in 2013.
http://www.inman.com/news/2012/10/25/mortgage-giants-predicting-growth-in-2013-home-sales?utm_source=dlvr.it&utm_medium=linkedin

My advice about the purchase of a home in Greenwich is the following:
Prices have seemed to stabilize and in some cases are increasing.
Forecasts seem to indicate an increased demand in 2013.
Greenwich prices will increase with a stronger market.
There have been higher priced sales this year versus last ( so much for the Wall Street folks sitting on the sidelines).
Buy now with the knowledge you may be able to get a much better price today (have your agent give you real comps and sage advice).
A year from now (like many stock offerings) you'll hear " I should have bought at a lower price when I had a chance".

Best,
Jay Cooke
Coldwell Banker Previews
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Wed Sep 15, 2010
Stevens Kencel Group answered:
If anyone really knows where the market is or isn't going in 6 months please tell me!
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Tue Sep 14, 2010
Stevens Kencel Group answered:
I would be happy to help introduce you to the Greenwich real estate market. As you may know, Greenwich is a large town and consists of many different neighborhoods. There is lots to learn. Please feel free to contact me at 203.940.0444 or scott@elwell.com if you would like to talk one on one (best way to learn about the market).

Regards,

Scott
... more
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Market Conditions in Greenwich Zip Codes

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