GREENWICH REAL ESTATE MARKET REPORT
FRIDAY … November 25, 2011
To Help You Keep Ahead of the Curve
Thought for the week:
“To every person there comes that special moment when he is tapped on the shoulder to do a very special thing unique to him. What a tragedy if that moment finds him unprepared for the work that would be his finest hour.” Winston Churchill
General News…The Market is DOWN…Gold is DOWN …OIL IS DOWN …Week/Week:
- The DOW closed Today: at 11,232 …week ago 11,796
- NASDAQ closed Today: at 2442… last week 2572.50
- The Euro (€) Today: $1.32 … week ago $1.35 (in November ‘09 it was $1.54)
- The Pound (£) Today: $1.54 … week ago $1.58
- The Canadian $ Today: $.95… week ago $.97
- The Chinese Yuan (¥) Today is $.1569… week ago $.1573
- GOLD: at 4:pm Today was $1682 per ounce… last week $1726
- SILVER: $30.98 per ounce … last week $32.25
- Crude Oil: at 4pm $97.32 per barrel … last week $97.45
- International Business: Canadian Mfg Sales were up 2.6% in Sept. and in the UK, Oct Retail Sales were up .6%… not much but in right direction… UK unemployment up to 8.3%… On the continent, not so good: EU 3rd Qtr GDP +.2%… EU CPI up .3% for Oct and 3.0%YOY…
- Rasmussen Reports: Obama Approval Rating: Strongly Approve: 22%; Strongly Disapprv: 40%.
Buzz???…What’s Going on in Real Estate Right Now:
· October Housing Permits Nationally: Were up to 653,000…Starts were 628,000… BUT Starts & Permits were running at the rate of 2 million/month in 2006 just before the 2007 landslide.
- WSJ Reported: FHA Mortgages are Available in Greenwich up to $708,000!!!
- With the Stock Market So Crazy… It’s an excellent time to invest in Greenwich Real Estate… There are 88 Single Family Homes on the Market under $1 million… 95 Rentals have rented in the last 45 Days in Greenwich…With the rental market so strong, there are some good returns to be had… Call me …
Greenwich Single Family Home Sales (Number of Sold Transactions):
| Year | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | July | August | Sept | Oct | Nov |
| 2007 | 147 | 202 | 178 | 99 | 72 | 64 | 42 | 32 | 44 |
| 2008 | 97 | 134 | 120 | 48 | 51 | 47 | 22 | 24 | 11 |
| 2009 | 26 | 71 | 123 | 112 | 55 | 28 | 41 | 40 | 29 |
| 2010 | 93 | 143 | 140 | 100 | 55 | 51 | 35 | 33 | 25 |
| 2011 | 94 | 212 | 136 | | 45 | 47 | 44 | 22 | 21/date |
Single Family DEALS PENDING: Signed Contracts, Accptd Offers & Contin Contracts: 66…last week 67
Greenwich Active Listings … a Compelling Selection:
In Greenwich, there continues to be many options for buyers in a broad spectrum of price levels. For example, there are now 546 Single Family Homes Listed … 150 Condos AND… …200 RENTALS of all shapes, sizes & types on the market for you, your friends, investors and your clients’ consideration. Please let me know what and where you have interests.
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Want more info? Please call me. I buy Coffee, Cappuccino!!!
HAVE A GREAT WEEKEND!!!
Tony Whyte