“Mortgage Rates Fall to a Record Low for the 10th Time This Year” (Bloomberg.com click on link to see full article in Bloomberg), which continues to contribute to the recent boom in Greenwich real estate sales. We have been seeing a faster paced market with homes selling faster than they were before the pandemic but prices have remained steady. Due to the lack of inventory and high demand, bidding wars are not uncommon right now with houses selling quickly when priced correctly.
As a result, some buyers are signing contracts earlier in the process, sometimes before inspections are completed, in order to reduce the chances of another buyer swooping in with a higher offer after an accepted offer. Inspectors are often booking a week out so it’s to a buyer’s benefit to get the contract signed as soon as possible, with contingencies in place.
343 Sound Beach Ave, Old Greenwich – Click on photo for details343 Sound Beach Ave, Old Greenwich – Click on photo for details
Located in Old Greenwich, south of the village, one of the most desired area in the NY metro area, this newly renovated house is ready for immediate occupancy. The lot is over-sized with a large flat backyard and a two-car garage. Extensive renovation have just been completed, that include an Encon air-conditioning system, a new third floor playroom, new kitchen appliances, new bathrooms with Carrera marble floor, Kohler fixtures and basketweave tiles. On the outside is a wonderful deck overlooking the backyard, a new roof has been put on and the house has been repainted, the yard has a Summer Rain, Wi-Fi controlled, sprinkler system. You are close to the refined downtown village area and Old Greenwich Elementary and part of the Eastern Middle School district. It’s a wonderful place to live.
There are 62 public open houses this weekend. Please bring a mask and gloves and plan to social distance.
Stefanie Lacoff is a licensed real estate agent with Berkshire Hathaway Home Services New England Properties in Greenwich, CT. Contact Stefanie for assistance selling your home or purchasing a new one. Text/call: 203-536-9403, email: slacoff@bhhsne.com, stefanielacoff.bhhsneproperties.com
