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

  • Meet Bestselling Author Ayelet Waldman

    2014.10.30
     @ Organic Planet

    On October 30 at 10am, JCC Greenwich will present New York Times bestselling author Ayelet Waldman, who will discuss her latest novel Love and...

  • Exhibit Ira BARKOFF

    2014.10.11
     @ Canfin Gallery

    “The beauty of the physical world becomes a metaphor for the capacity of the spirit to reveal itself". Ira Barkoff Evocation of...

  • 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...

  • Parties at the JCC Center

    2014.09.02
     @ Stamford JCC

    A place to celebrate birthdays and special occasions. Be a guest at your own party! The JCC offers a wonderful space for you and your guests to...

  • SPLURGE Matches Scarf Donations for Cancer Patients

    2014.10.01
     @ SPLURGE

    SPLURGE and the Cancer Institute at Greenwich Hospital are partnering to bring comfort and encouragement to cancer patients.  From October...

  • Flinn Gallery Art Opening

    2014.10.30
     @ Flinn Gallery 2nd floor

    FLINN GALLERY Opening Reception 'IN FOCUS' Thursday October 30, 6 - 8pm Seven artists share their visions - Carolyn Conrad,...

  • 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...

  • Flower Power

    2014.10.08
     @ SM Home Gallery

    SM Home Gallery show featuring two Greenwich based artists: Margaret Bragg and Penny Putnam. The art show runs thorough November 22nd....

  • IMAGINE CANDY- SWEET TASTINGS!!!

    2014.10.24
     @ Imagine Candy

    Imagine Candy located in Scarsdale Village- Winner of 2014 Best West of Westchester by Westchester Magazine- holds a Belgian Chocolate and Candy...

  • Harvest Fair and Gift Show

    2014.11.01
     @ Second Congregational Church

    Event Will Include Hay Mazes, Games, Crafts, Food, Holiday Shopping The community is invited to a Harvest Fair and Gift Show on Saturday, Nov....

  • New Fitness Class: SalsaTone

    2014.11.01
     @ Latin Moves Dance Studio

    Starting November 1st ~ Every Saturday morning 10 to 11 AM Instructor: Melissa Lopez Start your weekend off right with this exciting cardio...

  • Lynne Scalo Design Opening

    2014.11.05

    Please join Lynne Scalo, Greenwich Magazine and athome Magazine to celebrate the Greenwich showroom opening of Lynne Scalo Design Cocktails...

  • Breast Cancer Alliance Benefit Luncheon & Fashion Show

    2014.11.06
     @ Hyatt Regency Greenwich

    Breast Cancer Alliance to Host Branching Out, Coming Together, Aspiring to a Cure 19th Annual Benefit Luncheon & Fashion Show: November 6,...

  • Free Screening of Documentary ' Children of the Inquisition'

    2014.11.06
     @ Bush-Holley House

    Join filmmaker Joseph Lovett as he presents his documentary film and multi-platform project of personal exploration and...

  • P.A.L.S. 2nd Annual Soarin' Soiree~ November 7, 2014

    2014.11.07
     @ Greenwich Country Club

    You are invited to join our State Senator, L. Scott Frantz and our First Selectman, Peter J. Tesei, for an awe-inspiring evening to benefit Patient...

  • John Hardy Event

    2014.11.08
     @ Bloomingdale's

    John Hardy One of a kind. One at a time. Each by hand. Bloomingdale's is inviting YOU to meet the head designer Guy Bedarida as he presents...

  • Olivine Gabbro Opening

    2014.11.08

    Olivine Gabbro invites you to join them for their Opening Party! DJ | Cocktails | H'Orderves | Gift Bags Made to Measure Beautifully...

  • Meet Joshua Safran, Author of "Free Spirit: Growing Up On the Road and Off the Grid"

    2014.11.11
     @ YWCA Greenwich

    Meet the author of this powerful memoir. Joshua Safran is an author, attorney, occasional rabbi, and nationally recognized advocate for...


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