Springing Ahead



photograph: bob capazzo

For nearly as long as this magazine has been around, April has been our annual real estate issue. Each year we have looked at the various indicators of change, taken the temperature of Realtors and lenders, and explored the number of homes sold, mortgage rates, and average home prices. Most of the time it was a happy subject to discuss because the news was well, frankly, always good. God bless the bubble over Greenwich.

But come 2008 the story changed dramatically when that proverbial bubble burst. What followed was fear, finger-pointing and financial heartache for many. But the clouds have parted and the outlook is far from what it was five years ago. Sales are up, inventory is down, new houses are being built and the spec house has returned. In short, the news is good again.

In “The State of Real Estate in Greenwich” (page 88), veteran real estate writer Chris Hodenfield explores the questions and issues influencing the market today. Where is the big money being spent? Does that $90 million penthouse on Park Avenue affect Greenwich prices? How does the influx of foreign buyers impact your home value? It is an interesting look at where we’ve been, where we’re headed, and how we’re getting there.

Amidst the great news that things are looking up, it’s important to also remember that no matter what the market is doing, a house is more than a brick and mortar investment. It is the place we go to recharge and regroup—it welcomes us after long days and serves as a place of refuge when life is less than easy. So in this issue we also showcase a portfolio of gorgeous homes that make a jaw-dropping first impression (“A Grand Entrance,” page 78). Homes that say: Everything is going to be just fine.

 

Greenwich Agenda

  • Greenwich Harbor Sunset Wine Cruise | Greenwich, CT

    2014.06.05
     @ Delamar Hotel Dock

    The boat "Prudence" departs from the Delamar Hotel Dock on 500 Steamboat Rd. All the wine is sponsored through VALS with food...

  • SM&NC Farm Market

    2014.06.15
     @ Stamford Museum & Nature Center

    Sundays, June 15 – October 5, 10am – 2pm We're thrilled to bring back the SM&NC Farm Market — now on Sundays!...

  • Exclusive Tour of Modern and Contemporary Art at the Yale University Art Gallery

    2014.09.09
     @ Yale University Art Gallery

    Join JCC Greenwich for an exclusive tour with museum curator Elizabeth Manekin. The collection is noteworthy for exemplary works from the...

  • Understanding the Gaza War: Strategic & Political Implications

    2014.09.09
     @ Greenwich Library, Cole Auditorium

    Dr. Efraim Inbar is a Professor in Political Studies at Bar-Ilan University and Director of its renowned Begin-Sadat Center for Strategic...

  • Bruce Museum: Look and See - Into the Deep

    2014.09.10
     @ Bruce Museum

    A program especially designed for children ages 3-5 years and their adult caregivers, who will explore the Museum’s exhibition through...

  • College Admissions Boot Camp | Greenwich, CT

    2014.09.13

    College Prep 360 will be offering two college admissions “boot camps” in their Greenwich office over the summer. The first workshop...

  • Nigh Season: New Paintings By David Konigsberg

    2014.09.13
     @ Kenise Barnes Fine Art

    Dates: September 13 – October 31, 2014 Opening Reception: September 13, 6 – 8:30 PM  Public Invited   NIGH...

  • Undulate: Paintings By Julie Gross and Margaret Neill

    2014.09.13
     @ Kenise Barnes Fine Art

    GALLERY II Dates: September 13 – October 31, 2014 Opening Reception: September 13, 6 – 8:30 PM Public Invited...

  • Greenwich Area Newcomers Annual Lobster Fest

    2014.09.14
     @ Tod's Point Clambake Area

    This is our kickoff event each year-held at Tod's Point Clambake area. The event is scheduled for Sunday September 14th starting...

  • Information Fair

    2014.09.16
     @ YMCA

    Our Annual Information Fair - This event showcases non profits , community businesses, schools and  services in the Greenwich...

  • Laurel House Family Seminar Series

    2014.09.18
     @ Laurel House

    Thursday evenings, September 18, October 2, 16, 30, 6:30-8:00 pm Join us Thursday evenings for this four part Family Seminar Series as...

  • The Many Faces of Multi Media

    2014.09.20
     @ Meli-Melo of Greenwich

    Dr. Julia Trebing, Director Creative Therapies in Stamford, CT exhibits her paintings at Meli-Melo Creperie & Juice Bar  during Sept...

  • SoulCycle GWCH for Make-A-Wish CT

    2014.09.20
     @ SoulCycle

    Make-A-Wish Connecticut is thrilled to be partnering with SoulCycle's Greenwich location for a charity ride on Saturday, September 20th!...

  • Wall Street Tennis Challenge

    2014.09.20
     @ Greenwich Country Club

    The goal of The Wall Street Tennis Challenge is to support the Ovarian Cancer Research Foundation’s efforts while spreading awareness...

  • Arts & Crafts on Bedford

    2014.09.20
     @ Bedford Street

    Shop at over 100 craft and artisan boutiques on Bedford Street, which will be closed to traffic for the weekend. Dine in our extended sidewalk...


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