That must have been some bidding war

/

52 Shore Road, originally a one-room school house built in 1800, hit the market in late October at $3.395 million, attracted numerous offers, and has been reported sold this morning for $5.550 million. On 0.41 of an acre in the R-12 zone, its present 1,916 sq. ft. could theoretically be replaced by a new home of 5,625 sq. ft. My guess is that that’s what’s going to happen, because nobody pays this kind of money to squeeze into < 2,000 sq. ft.

tomac cove

Numbers Game

/

December 5, 2024 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales for the month of November 2024 according to figures provided by the Greenwich Multiple Listing Service, Inc. The Greenwich MLS and greenwich.realestate is the most accurate and comprehensive resource of active inventory and property listing data across all five zip codes of the Town of Greenwich.   

Single-Family Home Sales

There were 39 single-family residential closings reported across all areas of Greenwich during the month of November 2024. This was a decrease, compared to November 2023 when there were 40 closings. 

The Median Sale Price for a single-family home increased 13.03% to $2,255,000 from the median sales price in November 2023, which was $1,995,000.

The average Days On Market (DOM) for residential homes was 65 days; which was a 17.72% decrease from 79 days in November 2023.

There were 14 new single-family listings brought to the market in November 2024, which is a 48.15% decrease in New Listings when compared to November 2023 when there were 27. At month-end, Active single-family inventory totaled 131 units, which is a 12.7% decrease from November 2023 when there were 150 units available. [bolding added]

 

It's this kind of thing that must drive the Bee's editors crazy — how can they possibly keep up?

/

Saw the headline below, and assumed it was a story from the Babylon Bee. Nope; just ol’ Popie driving home the final nails into the dying corpse of Catholic Christianity

Vatican Unveils Palestinian Nativity with Jesus on Keffiyeh

The Times of Israel reported on Dec. 8:

Pope Francis on Saturday attended the inauguration of a seasonal nativity scene, presented by Palestinian officials, that featured a baby Jesus lying on a keffiyeh, the traditional scarf used by Palestinians as a national symbol.

Speaking at the event, a wheelchair-bound Francis called on believers to “remember the brothers and sisters, who, right there [in Bethlehem] and in other parts of the world, are suffering from the tragedy of war,” adding, “enough war, enough violence!” and lamenting the existence of the commercial arms trade.

The keffiyeh-draped cradle, which will be displayed in the Paul VI Hall, is one of a series of nativity scenes collectively titled “Nativity of Bethlehem 2024,” designed by artists Johny Andonia and Faten Nastas Mitwasi, both Palestinians from Bethlehem, according to Vatican News.

Good: now put Alvin Bragg on trial (Updated)

/

There was certainly criminal activity here, but it was all on the prosecutor’s bench.

It’s interesting that last week the jury deadlocked on the more serious manslaughter charge, then today voted to acquit him on the lesser count; maybe the hypercritical collusion between the prosecutor and the judge in dismissing the top charge Friday opened the eyes of the juror/jurors who’d wanted to convict him.

UPDATE:

It's true, you know: people are dying to get into it

/

There’s a listing new to the market Friday, 11 Roberta Lane, asking $2.250 million. I’m sure it’s a fine house, but I was struck by the listing agent’s description:

“Great opportunity to own this 5-bedroom, 4-bath home on 1 acre located in one of the most sought-after neighborhoods in Greenwich.”

It’s a quiet neighborhood, give her that.

St. Mary’s Cemetary, Greenwich, ct

This comes as no surprise here, although perhaps it does to its builder

/

Back in May I wrote about 3 Finney Knoll in Riverside as follows:

3 Finney Knoll, “new” construction, from $3.999 million to $3.795. This was a 1840 house in deplorable condition when a local builder purchased it for $800,000 in 2006. He proceeded, verrry slowly, to add on a modern house attached to the original, but by 2023 that project was still unfinished — I believe the builder was living and bathing in the kitchen, for example, and there were numerous code violations in the work that had been done. A years-long effort to complete a short sale failed and the title was eventually turned over to the lender.

That bank put it on the market in January 2023 at $750,000, a low price designed to attract higher bids, and it did. Two of my clients looked at it separately and passed; they were each of the opinion, as was I, that the property was fairly priced at $750,000, especial;y given the unknown of how much of the original builder’s work would need to be replaced and redone (almost al of it) and neither wanted to play a part in a greater fool adventure.

But many did, and this owner was the lucky winner [who paid $1.125 million that March]. He might get this price — it’s a frenzied market, and the ability to hop over the fence and shop at Balducci’s may prove a strong draw — but I’m guessing somewhere closer to $3.2’s going to take it, eventually.

I revisited the subject in April, when it took its first price cut:

New broker, new price: all is proceeding as foretold

3 Finney Knoll Lane, Riverside NoPo, has now dropped from $3,999,000 to $3.397 million. I’ll stand by my prediction made back in May, “somewhere in the $3.2 range”. Of course, it’s now been hanging around on the market so long that it may have to drop even lower than that, if it’s to overcome the stench of staleness.

This past Friday it dropped to $3.295 million.

(As sold in 2023)

Well, that was quick

/

I posted on 185 Old Mill Road when it was listed last Thursday at $2.5 million, saying how much I admired it, and many readers agreed. But it obviously it wasn’t just FWIW readers who liked it (although perhaps it was), and it went pending immediately. Brother Gideon had predicted a bidding contest, and either that’s what happened, or someone just made them an offer they couldn’t refuse; either way, congratulations to the sellers.