Tuesday, July 15, 2014

Greenwich CT Townhome and Condominium Market Update June 2014

Townhome and Condominium

Market Update June 2014

Greenwich, CT

Sunday, July 13, 2014

Charles Nedder - Waterfront homes in Greenwich, Old Greenwich and Riverside, CT


Waterfront Homes
Greenwich, Riverside, Old Greenwich

www.cnedder.com
Charles Nedder, Luxury Real Estate, Greenwich CT

ABOUT RIVERSIDE & OLD GREENWICH & GREENWICH, CT 

Riverside CT and Old Greenwich CT are charming neighborhoods within the town of Greenwich CT located within as easy hour’s ride east of New York City by train, automobile, or motor boat. These charming neighborhoods are bordered on the south by Long Island Sound between the harbors of Cos Cob and Stamford creating unique water communities.  Riverside and Old Greenwich are comprised primarily of single family homes and epitomizes ideal suburban communities. Here are some of the finest homes in America and leaders of every industry recognize Riverside and Old Greenwich as ideal spots in which to live as many have chosen Riverside and Old Greenwich to make their home.

Riverside and Old Greenwich residents may enjoy Greenwich Point (Tod's Point), a 147 acre park adjacent to Long Island Sound. The point may be used for jogging, walking, cycling, nature study, boating, fishing, sail boating, sunbathing, swimming and picnicking. Here you will find open meadows for field games and BBQ's, wooded trails, sandy Long Island Sound beaches, saltwater ponds and secret gardens.  Take the Ferry boat from the Island Beach Dock to Great Captains Island, a 17 acre island park just one and a half miles off of the coast of Riverside.  Here you will find a sandy beach, grills, picnic tables and nature trails. Camping is by permission of the department of parks and recreation. Enjoy the Mianus River Park with over 109 acres for passive recreation including jogging, hiking, horseback riding, fishing and nature study.

There are 4 marinas available to Riverside and Greenwich residents, open from April 15th through November 15th each year.  The Cos Cob Marina and Byram Marina have approximately 300 slips for vessels up to 23’ overall length with beam widths up to 9’. There are also storage racks for kayaks and canoes.  The Grass Island Marina has approximately 150 slips that can accommodate vessels up to 23’ overall length. In addition, there are a limited number of slips that accommodate boats 36’ in length. There is also limited rack storage for kayaks and canoes. This marina also offers mooring space for approximately 75 vessels up to 36’overall length and drafts up to 5’.  The Greenwich Point Marina has out water mooring space for approximately 250 vessels up to 36’ overall length and up to 7’ drafts. It also offers rack storage for about 250 canoes, kayaks, and other small vessels. 

The Griffith Harris Golf Course is a municipal golf course for the use of Greenwich residents and their guests. The facility has 18 holes (par 71), driving range, pro shop, restaurant and locker facilities. Season is mid-March through mid-December, weather permitting. The Dorothy Hamill Skating Rink offers Riverside and Greenwich residents a wide variety of winter programs including group lessons, hockey clinics, youth and men's hockey leagues, a Town-wide Figure Skating Competition, general skating sessions and more.  The Town of Greenwich offers Riverside residents Baseball Fields, Softball Fields, Soccer Fields, Tennis Courts, Paddle Tennis Courts, Basketball Courts, Volleyball Courts, Field hockey & Gymnastics.

Cultural activities in and around Riverside and Old Greenwich include the Greenwich Symphony Orchestra.  The orchestra's 90 members perform at the Dickerman Hollister Auditorium.  The Greenwich Choral Society, founded in 1925, has performed locally and elsewhere, including in New York City (at St. Patrick's Cathedral, Carnegie Hall, St. Thomas Church, and the Cathedral of St. John the Divine), and Europe. It has also performed several times with the Greenwich Symphony, New Haven Symphony, New Haven Chorale, and Stamford Symphony, as well as at the Ives Festival in Danbury.  The Bruce Museum is a town-owned institution with sections devoted to art and natural history and a seaside exhibit at Greenwich Point.

Riverside and Old Greenwich are easily accessed via the Metro North Train, New Haven Line. The Riverside station is located in the heart of Riverside at One Riverside Avenue. The Old Greenwich station is located at One Sound Beach Avenue in the village of Old Greenwich. Both stations offer direct train access to Grand Central Station. The trip is approximately 55 minutes. Parking in Riverside and Old Greenwich is through the Town of Greenwich.  Amtrak train service stops in the adjacent city of Stamford.  The Boston Post Rd (also known as East Putnam Ave or Route 1) passes through Riverside. Interstate 95 also passes through Riverside and Old Greenwich and allows access via exits 4 and 5.

Ready to start your search ?

Contact :  Charles Nedder 203-524-4303


Thursday, July 10, 2014

Charles Nedder - Greenwich CT Real Estate Update July 2014

Greenwich, CT

Market Trends - July 2014


It is a great time to be a buyer with 34+ months of inventory currently available for sale!

Great time to be a buyer in Greenwich, CT


Ready to start your home buyer search ?

Visit : www.cnedder.com

I am always happy to answer your questions, I am here to help.

cnedder@msn.com or 203-524-4303

Friday, May 30, 2014

Luxury Sales Heat Up Across the Country

Interesting article from RealtorMag :

Luxury Sales Heat Up Across the Country



Read More : Luxury Sales Heat Up Across the Country

Article from: http://realtormag.realtor.org/daily-news/2014/05/28/luxury-sales-heat-up-across-country

Greenwich CT Luxury Realtor - Charles Nedder

Luxury Real Estate - Greenwich, CT

WWW.CNEDDER.COM

Call Charles to discuss exclusive listings, confidential 

listings, and his "inside track" on the most distinctive 

luxury properties.


Tuesday, May 27, 2014

Greenwich CT Market Update - Charles Nedder Coldwell Banker

Greenwich CT Market Update
April 2014


Greenwich, CT - Market Action Report April 2014

Prices

The Median Sales Price in April was $2,100,000, up 47.7% from $1,421,750 in April of 2013 and down -0.2% from $2,105,000 last month. The Average Sales Price in April was $3,772,728, up 130.5% from $1,636,880 in April of 2013 and up 53.6% from $2,456,607 last month. April 2014 ASP was at highest level compared to April of 2013 and 2012.

Inventory & MSI

The Total Inventory of Properties available for sale as of April was 425, up 11.3% from 382 last month and down -12.2% from 484 in April of last year. April 2014 Inventory was at the lowest level compared to April of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2014 MSI of 18.5 months was at its lowest level compared with April of 2013 and 2012.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for April was 204, up 2.0% from 200 days last month and up 3.0% from 198 days in April of last year. The April 2014 DOM was at a mid range compared with April of 2013 and 2012.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The April 2014 Selling Price per Square Foot of $597 was up 17.5% from $508 last month and up 21.3% from $492 in April of last year

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The April 2014 Selling Price vs List Price of 93.1% was up from 92.6% last month and down from 93.4% in April of last year.

Inventory / New Listings / Sales

'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2014 was 110, up 54.9% from 71 last month and up 1.9% from 108 in April of last year.

Questions ?

Contact Charles Nedder @cnedder - 203.524.4303