Greenwich Ct Real Estate Down 33% in October | Thanks Tony White

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 NewsThe 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.

Thanksgiving Tablecloth Trick

Want more info?    Please call me.   I buy Coffee, Cappuccino!!!
HAVE A GREAT WEEKEND!!!

Tony Whyte
203 434 1111   AEWhyte1@yahoo.com

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