Blog :: 05-2011

THING 163 - Greenwich Memorial Day Parades

Memorial Day weekend events in Greenwich

Frank MacEachernStaff Writer
The American Legion Post 29's annual Dockside Memorial Day ceremony will be going ahead as usual Monday morning -- without Richard Blumenthal or Linda McMahon.The ceremony will be held at the Indian Harbor Yacht Club, 719 Steamboat Road, and begins at 8 a.m. The U.S. Senate candidates had planned on attending -- with Blumenthal the keynote speaker -- but both bowed out following a controversy over what some saw as the politicizing of a solemn event.Later that morning, one of the highlights of Memorial Day events in Greenwich will be the annual parade in Old Greenwich that begins at 10 a.m. Parade participants begin at Sound Beach Avenue and Shore Acre Drive and finish at Binney Park. Following the parade will be a memorial ceremony with Benjamin Davenport, retired principal of Eastern Middle School, as the guest speaker.There may also be a flyover by the Connecticut Air National Guard, said James Daine, an event organizer.Also at 10 a.m., members of the Byram Veterans Association will lay a wreath in honor of Byram veterans who have served the country in a ceremony at Eugene Morlott Park at the rear of McKinney Terrace.The Byram Veterans Association will also have its annual parade on Sunday. It kicks off at 2 p.m. in front of the association's clubhouse at 300 Delavan Ave. and winds its way through the streets of Byram before finishing with a ceremony at Byram Shubert Library.Latter Sunday at 5 p.m., the Glenville Ninth District Veterans Association Memorial Day parade will be held.It begins at Walker Court, continues left on to Glenville Street, right on to Glenville Road and then right onto Pemberwick Road, where a ceremony will be held at a veterans monument next to the Glenville Fire Station, said Joseph Kralik, commander of the Ninth District Veterans Association.Cos Cob Veterans of Foreign Wars Post 1012 will have a memorial event at a later date, said Louis Caravella, a post member.

THING 149 - Greenwich Town Party

A Town Party thrown for Greenwich residents by Greenwich residents!

Saturday, May 28, 201110am - 10pmRain or Shine!

A Massive Tent will cover the Roger Sherman Baldwin Park if Rain is Predicted!

Roger Sherman Baldwin Park,100 Arch Street, Greenwich, CT

Limited Tickets Available!

Buy Tickets


BY PHONE:866-558-4253

IN PERSON:Greenwich Town HallMon. - Fri.10am - 2pm

Arch Street Teen CenterTues./Thurs.3pm - 6pm

THING 161 - 6th Annual Hands Across the Avenue

Sponsor Breast Cancer Alliance.
Event 6th Annual Hands Across the Avenue:
Tel # (203) 861-0014.
Date May 22, 2011
Time 10:30 A.M. Registration and warm-up. 11:00 A.M. walk begins.
Location Beginning and ending at Richards, 359 Greenwich Avenue.
Cost $20 adults, $10 students, free for children under 6 years of age.
Descript The walk will be led by Grand Marshal Dickerman Hollister, Jr., MD, of Hematology & Oncology Assoicates of Greenwich, and followed by a celebration honoring breast cancer survivors, their families and friends.

THING 160 - 80th Anniversay of Byram Shubert Library! Type: Special Event - ChildrenDate: 5/21/2011Start Time: 1:00 PMEnd Time: 3:00 PM

Byram Shubert Library invites the community to our annual party including ice cream, a caricaturist, DJ Music, Face Painting, Balloon Artist, Circus Act & More Fun Activities for Kids. Celebrations are free and open to the public.

Library: Byram Shubert Library

Other Information:
This event is brought to you by the Friends of the Byram Shubert Library.The event will be held in the Library parking lot.

Contact: Miguel Garcia ColonContact Number: 203-531-0426 

THING 159 - Estate Sale! Friday & Sat @ 10am-4pm on Riversville Road

This Friday and Saturday ConsignIt ( will be hosting a very large Estate Sale on Riversville Road.

For the summary of the sale you can click here:

For pictures of some of the items up for sale click here:

THING 159 - Estate Sale! Friday&Sat @ 10am-4pm on Riversville Road

This Friday and Saturday ConsignIt ( will be hosting a very large Estate Sale on Riversville Road.For the summary of the sale you can click here: pictures of some of the items up for sale click here:

Greenwich Real Estate with Scott Elwell - April 2011

Once again, the press are making my life more and more interesting.  Articles over the pass few weeks have flourished, warning that we are not out of the woods yet (WSJ) and that new regulations in the mortgage industry (NYTimes) lowering the cap on US-backed mortgages will hurt the high-end market.  I'm not going to say that these articles are not well written, researched and thought out, but what I am going to say is that they are (for the most part) looking at the national real estate market, not specific locations.  For example, those regulations lowering the cap on US-backed mortgages adjust the cap depending on the local sales price.  This means if you live in an area (like Greenwich or Rye) with very high average sales prices the cap may not be lowered at all.As you all are aware, I focus on real estate in Greenwich, CT and Rye, NY.  My emails (including this one) have been catered to specifically the Greenwich market. I hope to change this in the coming months, as I work on including a proper analysis between the two towns. I'm looking forward to building a full comparison.  These two towns have very similar resident bases (from a socioeconomic perspective), with vastly different real estate (property size, location, etc..) and finances (taxes - state and real estate).  It will be very interesting to see if they can be compared.Now back to the picture of Greenwich.Through the past 4 months we have seen a fairly similar number of transactions relative to 2010.   I could even argue that the average sales price is similar.  When looking at transaction numbers ranging in the 140 range a difference of 10% really isn't that much.  This year we have had 144 sales while in 2010 we had 131 meaning that only 13 houses more have traded. Due to the small sample size I would argue that is nominal.The number that I want you to look at though is the difference between the median sales price in 2011 ($1.96M) vs the median sales price in 2010 ($1.41M).  I read this as a fairly large change.  I put much more weight on the median sales price vs. the average sales price.  I never pay too close of attention to the average sales prices as one or two large or very small sales can affect the number significantly (especially when looking at small samples sizes).  The median sales price (price point where half the sales are above and half below) doesn't place as much weight on the outliers.When looking at a comparison of April 2011 vs April 2010 you can see how the median sales prices have converged, yet this year we are having significantly more sales. With a growing inventory this is a great sign.  In addition, over the past few weeks there have been several extremely quick (time from listing to contract) contracts that won't show up as sales until they close.  We will see those sales come through this summer as many sellers and buyers don't want to move until the school year is over.I can, without a doubt, say that the market has picked up in the past month and this will show in the sales reports over the coming months.  That being said, I am going to stay cautiously optimistic as to why the market has picked up and if this will last.  Much of this activity is due to the natural stage of the real estate spring market.  In addition, many houses that were put up for rent a year ago because they couldn't sell are now being listed for sale. This is because those leases all start/end in the summer (due to the school year) and have clauses that allow the owner/landlord to show the house for sell within the last two months of the lease.I consider this recent up-tick in the market as being "supply driven" since this new inventory has sparked a ton of interest from buyers who may have been tired with what was on the market.  In order for this market to maintain healthy growth we now need to see more "demand driven" purchases.  It's impossible to tell exactly what is driving the market, but if we start to see more turn-over in older inventory then that should be a good sign.  Hopefully an end to this ridiculous week of weather will help!On my website I will continue to talk about transactions and new listings that interest me.  I don't have the time to talk about everything that occurs in Greenwich, though if you have any questions/comments concerning specific homes or anything else related to Greenwich Real Estate feel free to speak up.  Feel free to email me at, post your questions on my website, or chat on my Facebook page.  Please feel free to speak up!Sincerely,Scott       Scott P. ElwellFounder/Real Estate Agent - GreenwichCT.comAl Filippone Associates @ William Raveis45 Field Point Road, Greenwich, CT 06830Cell:  203.940.0444scott@elwell.comMY LISTINGS