Real Talk Ken Edwards Spring home sales pick up steam
Last week’s 16 sales show a continuance of the previous week’s spring sales ramp up on our local Multiple Listing Service. A total of almost $33 million in real estate closed in Greenwich and the prices were very healthy with few exceptions.
My buy of the week selection was a luxury downtown Greenwich waterfront condo that is very posh. It sold for three quarters of what it sold for new 27 months ago. Getting a $1.1 million “discount” on this home was a great buy.
My sale of the week selection flew off the market in nine days and fits the profile of young families looking in the Riverside market for homes under $2 million. It’s really not hard to sell those given the reputation of the Greenwich schools and specifically the Riverside Elementary and Eastern Middle Schools for academic excellence.
Buy of the week
My buy of the week selection is a rare find in downtown waterfront properties. It was purchased at the end of 2016 as new construction in this luxury market for $4,895,000. It sold last week for $3,750,000 and was immediately listed for rent unfurnished at $18,000 a month.
As part of a luxury in-town gated community, it shares not only the terrific Smith Cove views from its 1,826 square feet of rooftop space, complete with an outdoor kitchen, a grill, a fireplace and an oversized spa, but the interior is very high end as well. There are three outdoor terraces in all.
Luxury properties are sold as part of a lifestyle and this home exudes high-end lifestyle. Dock your up to 180-foot yacht across the street at the Delamar Greenwich Harbor Hotel’s slip and enroll in their Concierge Club Package. Now you have access to their fitness center, business center, a conference room for meetings and discounted rates on hotel rooms, the spa and marina for your guests. That’s when they’re not staying in your home with its three bedrooms and three-and-a-half baths.
Robin Leach would like this “Lifestyles of the Rich and Famous” candidate. Here’s to your Champagne wishes and caviar dreams.
Sale of the week
My sale of the week selection is yet another family home in the Riverside market on Winthrop Drive. It’s a short walk to the Riverside Elementary School and not much further to Eastern Middle School. As I’ve said before that’s a sought-after combination and anything that’s livable there will get a lot of looks.
This four-bedroom, three-and-a-half-bath 1949 Cape Cod didn’t get many looks. It went to contract after only nine days of market exposure with only four exterior photos at the end of January. And it sold for 16 percent over asking. Boom. If you have a similar home in this market to list for under $2 million call me. Please.
Hi-tech garages sell homes
If you have a cement garage floor like most homes do (and mine did), and it has cracks and/or stains from paint or oil leaks (like mine did), you’re in luck! No, I don’t mean that buyers will be impressed with its vintage appearance. I mean that you can quickly update it and bring it to the next level at a very affordable cost and most likely do it yourself! If you can assemble Lego tiles you can do it.
Okay, what’s this all about? It’s a company called Swisstrax and they have engineered and been manufacturing and selling plastic modular interlocking flooring tiles in a variety of styles and 19 colors sure to get your creative juices flowing. I particularly like the Ribtrax Eco smooth tiles, which are made from 100 percent recycled plastics. That makes the ecology side of me happy while the economy side of me smiles too.
These tiles snap together with no tools and can support up to 3,000 pounds. That’s enough to jack up your car on them with no damage. They are not affected by oil, gas or moisture. In fact, when you park your car with its wheel wells full of snow and ice (and whatever else) it drips down onto and through the porous surface, keeping your garage floor dry. A once-a-year shop vac cleaning will quickly suck up the sand and dirt. Your house will stay cleaner too!
They’re also great for playrooms, exercise rooms, around pools and, well, go to www.Swisstrax.com and see all the possibilities.
Oh, and I almost forgot. They have a clearance sale going on now for a limited amount of three of their tiles, selling them at $1.99 per square foot. The early bird catches the worm.
My garage floor looks so good now I almost want to sell my house!
This Week’s Success Quote
“Nobody would watch Lifestyles of the Poor and the Unknown.”
— Robin Leach, English entertainment reporter, writer and TV show host
Ken Edwards is the principal broker for Edwards & Associates Real Estate and has lived in town since 1974. All opinions expressed are entirely his own and not those of this publisher. Comments and questions may be sent to K_W_Edwards@ Yahoo.com or call (203) 918-4444.