Have you considered your potential return on investing in the Greenwich market? The Greenwich real estate market remained strong in 2007, with a 4.8% rise in transactions and an average price increase of 11.8%. According to a Greenwich Association of Realtors-University of Connecticut study, this market has outperformed the Dow Jones, the Russell 2000, and the S&P 500 over a 20 year period; from 1986 to 2006, the return on equity of Greenwich real estate rose 615%, while the Dow Jones Industrial Average rose by 542%, the Russell 2000 by 554% and the S&P 500 by 474%. The average Greenwich real estate value also rose well above many regional and national real estate markets during the same 20 year period.
With great investment upside, low property taxes, a top school system, and proximity to Manhattan, Greenwich is a great place to live and invest.
Furthermore, within the Greenwich market and every local market, there are some types of homes that are rarer than others due to specific features, design, and flow. These homes tend to have a steady stream of demand even in a slow market. If you are interested in exploring the Greenwich community, please call me at (203) 570-2096.