Greenwich CT Kite Flying Festival

628x471 (3)KITE Flying Festival
Saturday, April 11 at 11am
​Raindate: Sunday, April 12 at Noon
 
The annual Kite Flying Festival returns to Greenwich point Beach each spring in April. The Festival is sponsored by the Greenwich Arts Council and the Town Department of Parks and Recreation. Participants are encouraged to bring kites of all shapes and sizes, made of plastic, paper or fabric, and may join in a free raffle for gift certificates to Smart Kids Toys. Special award ribbons are given to all high fliers.
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The Lewis Report – March 28, 2015

Sunday morning sunrise at the newly-opened Cos Cob Park. Courtesy of John William Hayes.

Sunday morning sunrise at the newly-opened Cos Cob Park. Courtesy of John William Hayes.

The Lewis Report is a weekly report of most recent residential real estate statistics and sales activity in Old Greenwich, Riverside, Cos Cob and Greenwich Connecticut provided by Kaye Lewis at Coldwell Banker Previews International. For more information on any of these homes, call or email Kaye today!

Access the public report here:  Lewis Report 3-28-2015

For a more detailed report, please email me to be added to the distribution list.

4 reasons the Fed won’t raise interest rates this summer

4 reasons the Fed won’t raise interest rates this summer

Fortune

The stock market has been falling recently on fears that the Federal Reserve will raise interest rates sooner than some thought, perhaps as early as June. Indeed, on Wednesday, TheWall Street Journalreported that the Fed is thinking about dropping a key word in its next policy statement. That might pave the way for a hike as soon as the middle of the year.

So, when will the Fed pull the trigger? My bet: It’s won’t happen as soon as people think. Here are four reasons the Fed is not going to raise rates anytime soon (or at least not as soon as June, or even this summer):

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February 2015 Greenwich Real Estate Report

The Monthly Market Report is on my website shortly after the last day of each month and can be found at http://www.mygreenwichhomes.com/Monthly-Market-Report.

Brief Overview:  In February 2015, we saw an overall Extreme Buyers’ Market with 12.14 months of inventory for single family homes in all areas of Greenwich. After a very slow January, the total number of sales in February 2015 was up over 71% over February 2014, with a total of 36 Single Family Home Sales in 2015 vs. 21 in 2014.

A brief overview of February 2015

Single Family Homes:

  • 36 Single Family Homes Sold
  • 37 Executed Contracts
  • Average Sale Price: $2,962,986
  • Average Days on Market: 181

Condos & Co-Ops:

  • 19 Condos & Co-Ops Sold
  • 15 Executed Contracts
  • Average Sale Price: $1,008,842
  • Average Days on Market: 122