Blog :: 04-2011

THING 148 - North Mianus School Spring Carnival POW WOW

When: April 30, 2011 - 4:00pm - 10:00pm
Where: North Mianus School 309 Palmer Hill Road , Riverside CT
Contact: 203-637-9730
Ages: all

The North Mianus PowWow will once again take place on Friday, April 30th from 4:00-10:00pm and on Saturday, May 1st from 12:00-10:00pm at North Mianus School in Riverside, CT.  One of the first big carnivals to kick-off the spring season,  the PowWow has long been a tradition in the community, appealing to young and old, current students, alumni and visitors alike.Stewart Amusements will offer its most popular fairway rides, including the ferris wheel, the Ali Baba, Dizzy Dragons, bumper cars, and more.  A highlight of the PowWow is always the live music played by popular local talent and high school bands, with this year being no exception.   There will be games of chance, exciting raffle prizes as well as, many other family-friendly activities like the popular ball toss game to win goldfish sponsored by House of Fins and the tantalizing dunk tank.   Traditional carnival foods will be available such as, hamburgers, hot dogs, salads, fries, soft drinks and more.   Of course, the carnival experience would not be complete without stopping by the Bake Sale tent to tempt your taste buds with an array of scrumptious, home-prepared sweets.http://connecticut.mommypoppins.com/newyorkcitykids/north-mianus-school-spring-carnival

THING 145 - Greenwich Easter Egg Hunts

Sponsor          Splurge, Kids in Crisis & Food Bank of Lower Fairfield County.Event             Easter Basket Drive: March 24 - April 20, 2011.Tel #               (203) 869-7600 or email: sonia@splurge-gifts.comDate                April 20, 2011Time               10:00 A.M. - 6:00 P.M. Mon - Sat and Sundays by appointment.Location          Splurge, 39 Lewis Street, Greenwich.Cost                 Free.Descript          Collection for filled Easter Baskets for children for ages 1 - 17 years old, can be filled with toys, journals, decks of cards, personal care items, gift cards, packaged healthy snacks and traditional easter candy.Note    The Easter Bunny will appear at the store on Saturday, April 9, 2011 from 10:00 A.M. - 1:00 P.M. Free photo for each child. Sponsor          Harvest Time Church.Event             Community Easter Egg Hunt:Tel #               (203) 531-7778 or www.htchurch.comDate                April 23, 2011Time               10:00 A.M.Location          Harvest Time Church, 1338 King Street, Greenwich.Cost                 Free.Descript          Enjoy crafts, face painting, balloon animals, stories, refreshments and much more. There will be an awesome hunt for 12,000 eggs, even more than last year! Bags will be provided. Email us at marketing@greenwichct.com if you know of others!

THING 146 - Japanese Women of Greenwich Sponsor Relief Concert

Sponsor Japanese Women of Greenwich.
Event Concert for Tsunami Relief in Japan.
Tel # (203) 869-7884.
Date April 17, 2011
Time 7:00 P.M.
Location Christ Church Greenwich, 254 East Putnam Avenue, Greenwich.
Cost $25 adult minimum donation, $10 children 18 years and under.
Descript Yuko Tsuda, Soprano:"Laudate Dominum" "Vocalise" "Ave Maria" etc. Asaka, Composer Pianist: "Smile" "Nocturne Op. posth" "Mother" etc.
Note 100 percent of proceeds will go to the Japan Earthquake Relief Fund.

Greenwich Real Estate with Scott Elwell - March 2011

I don't understand why some realtors always sell the same story.  "This is a great time to sell." "This is a great time to buy." It makes no sense to me how someone could be pushing the same line for the past 5 years, as if the market hasn't changed at all.  Mary Meeker (during the internet bubble) comes to mind... as does a broken record.   If we were selling an item that we, or our company, possessed (like a car, clothing, computer, whatever) I might be able understand how the message could always stay the same.  The intrinsic difference here is that we aren't really selling anything.  We are advising our clients on HOW to best buy or sell something.  We are paid on the transaction, not the increase or decrease in value.  If values go up in a town, but transactions decrease then guess what, the realtors in that town (on an aggregate) will make less money - vice versa.For this reason, I am a strong believer that my true job is to provide my insight on a market and NOT to push my clients to do anything.  If it is a good time for them to buy or sell then great, but it does my clients a complete disservice to be yelling the same thing ("Great time to buy/sell") over and over again.  If it were a great time to buy, then wouldn't it be a bad time to sell?  The story is much more complex than any one-line sales pitch and requires some serious research catered to each individual client.  I'm in this game for the long haul and, just like the market I want my message to adjust as the market does.  As far as I see it, my job is to provide information and insight, and that is what I'm trying to do with these emails. If you would like to talk in more detail (or know a referral that might) please feel free to contact me at any point.Now back to my insight on the Greenwich real estate market.If you have read the press (Greenwich Time, Post, etc..) or have spoken to nearly any realtor in town, you have no doubt heard news that the Greenwich market is "heating" up.   For once, I'm going to agree with what everyone is saying.  Sales and inventory numbers are both growing.  This activity is real, but has snuck up on me.  Every morning I look at the daily hot sheet to see what has traded, dropped in price and is newly listed.  Over the past month this sheet has steadily become more active, but never really screamed "hot market" to me.  When the monthly numbers came out I was shocked.  I knew our sales numbers would be high, but I hadn't realized how much the inventory had grown over the past month.Last month I wrote about a single family market that had 628 homes listed and now were are looking at a market that has 712 homes listed.   This is a huge jump and got me thinking.   Why did the inventory number rise so much and why had I not noticed?  Spring markets always bring more listings (chart makes this pretty obvious), but this movement up seemed to be more than anticipated.  After a lot of digging I think I figured it out.You see, in addition to the natural cyclical behavior of the spring market, there are many new (for sale) listings, which were rented over the past year.  I believe that we are witnessing an additional influx of properties for sale that were rented out last year because they couldn't sell.  Those leases all expire in the summer (b/c of the school calendar) and now allow for the sellers to start listing/showing the property.Normally I would take the position that any non-cyclical influx of properties could cause problems, but I think this jump in inventory is healthy.  I don't know of a town (I have sold properties from Rye, NY to Westport, CT) in Fairchester (Fairfield & Westchester) that has a true excess of inventory right now.  There are tons of buyers our there that have been searching for ages and are waiting for the right listing.When you look at the year to date numbers compared with 2010, the inventory and sales numbers aren't that exciting.  This helps to show how cyclical our business is.  What is interesting to me is the drop in Market Time for Inventory.  If I'm right, after April this spread (currently at 35.5%) will only increase.  It's too early to tell if this new bump in behavior in Greenwich is cyclical or a real shift in the market, or most likely a mix.  Add in the fact that interest rates are only going up and we should see even more activity over the next couple months as those buyers who have been waiting don't want to miss the market (real estate and rate) and those owners who have been waiting to sell don't want to miss the buyers.I apologize for making this into a long message, but I have lots to say.   I could go on and on. One day I'll figure out the perfect harmony between blogging and putting everything into my monthly email.  In the coming months I hope to start talking more about the differences and similarities I see between Rye, NY and Greenwich, CT.  As an agent that covers both towns, I've been having a lot of fun helping clients weigh the pluses and minuses of each town.PLEASE feel free to email me if you want to talk more and please feel free to send this to anyone who might be interested. I make a living off of referrals, so I obviously appreciate them.Regards,ScottScott P. ElwellFounder/Real Estate CEO - GreenwichCT.comAl Filippone Associates @ William Raveis45 Field Point Road, Greenwich, CT 06830Cell:  203.940.0444scott@elwell.comMy Real Estate @ ScottElwell.comWant to search Greenwich, CT?     Go to elwellsc.grw.mlxchange.comWant to search Fairfield County?   Go to scottelwell.listingbook.com

THING 144 - Greenwich YPG Mixer

The Greenwich Young Professionals Group is a fantastic organization. I highly recommend checking out these mixers.The YPG and blvd host a private tour, offer door prizes, networking, adult egg hunt, as well as food and wine from Columbus Park Trattoria!

~~~~~~~~~~~~~~~~~~~~~~~~NEXT THURSDAY4/14/11blvdHosts Your NextGreenwich YPG Mixer~~~~~~~~~~~~~~~~~~~~~~~~~~

Come tour Stamford's most urban-chic 94 unit apartment community.  Surrounded by dozens of Fortune 100 Headquartered companies, seventy plus restaurants and dozens of unique retails shops is Stamford's most social luxury rental building to date.Mixer6:30pm-8:30pmThursday, 4/14/11Food and Wine!Raffle Prizes!Food by Columbus Park TrattoriaMembers are always FREENon-Members ONLY $10.00 at the doorREGISTER TODAY...YPG Members are always free...the blvd1201 Washington BlvdStamford, CT 06902www.theblvdstamford.comSpecial thanks to our hostsMia Schipani and Jon Cohen of RMS Constructionfor making this possiblePLEASE RSVP WITH YOUR NAMEAND THE NAME OF YOUR GUEST TOAdam.Weissman@junkluggers.comMake sure to check out www.greenwichypg.com

THING 143 - Greenwich High School PTA Benefit 2011 -"Night on the Towne"

Greenwich High School PTA Benefit 2011 - "Night on the Towne"

Sponsor Greenwich High School.
Event Benefit: Night on the Towne.
Tel # (203) 618-0033 or email: cebroderick@optonline.net
Date April 8, 2011
Time 6:00 - 8:00 P.M.
Location Richards of Greenwich, 359 Greenwich Avenue.
Cost $75.
Descript The event will feature drinks, delectable hors d'oeuveres, and live and silent auction. Honorary emcees, Kendra Farn, veteran NYC televsion anchor anwith her husband Noah Finz, WTNH anchor and sports director.
Note Guests are encouraged to dine at one of the many local restaurants that have partnered with GHS's PTA to raise money for the school!

Friday, April 8, 2011, 6:00 - 8:00 p.m.Richards of Greenwich, 359 Greenwich AvenueArrive at 6:00 p.m. sharp to start your bidding on exclusive silent auction items.  Reservations are preferred, but walk-ins will be taken.Click HERE to download a reply card that can be sent to Jackie Baxter, 115 Riverside Avenue, Riverside, CT 06878.After Wednesday, April 6, reservations can be made by sending an e-mail to Jackie Baxter at jaxbax@optonline.net with your name, number of people you would like reservations for and a contact number Jackie can reach you at for payment information.Click HERE to view the complete listing of this year's auction items.

THING 143 - Greenwich High School PTA Benefit 2011 - "Night on the Towne"

Greenwich High School PTA Benefit 2011 - "Night on the Towne"

Sponsor Greenwich High School.
Event Benefit: Night on the Towne.
Tel # (203) 618-0033 or email: cebroderick@optonline.net
Date April 8, 2011
Time 6:00 - 8:00 P.M.
Location Richards of Greenwich, 359 Greenwich Avenue.
Cost $75.
Descript The event will feature drinks, delectable hors d'oeuveres, and live and silent auction. Honorary emcees, Kendra Farn, veteran NYC televsion anchor anwith her husband Noah Finz, WTNH anchor and sports director.
Note Guests are encouraged to dine at one of the many local restaurants that have partnered with GHS's PTA to raise money for the school!

Friday, April 8, 2011, 6:00 - 8:00 p.m. Richards of Greenwich, 359 Greenwich Avenue

Arrive at 6:00 p.m. sharp to start your bidding on exclusive silent auction items.  Reservations are preferred, but walk-ins will be taken.

Click HERE to download a reply card that can be sent to Jackie Baxter, 115 Riverside Avenue, Riverside, CT 06878.

After Wednesday, April 6, reservations can be made by sending an e-mail to Jackie Baxter at jaxbax@optonline.net with your name, number of people you would like reservations for and a contact number Jackie can reach you at for payment information.

Click HERE to view the complete listing of this year's auction items.