20 Corrigan Lane Progress & Pictures

I posted this in the wrong place and have recomposed the post here:
http://20corriganlane.blogspot.com/

98 Bottles of Beer, Houses for Sale and Rent, on the Wall

Below are details of the 98 single-family properties both for sale and rent in Greenwich at the end of March 2009 (of 660 single-family for sale). The properties are grouped by section of town and ranked by their Rent/Sale ratio (the annualized rent rate divided by the asking sale price, or what I like to call, a modified cap rate). The average rent/sale ratio for a given section is marked by a dotted line.

If I were looking to buy, I'd pay some attention to the properties with the higher Rent/Sale ratio and determine if there was a mispricing issue. If the rents are credible, these properties could offer a good value buying opportunity.

If I were looking to rent, I'd look at properties at the lower end of the scale for good rental value. Of course there are a number of reasons that a high value property might rent at a relatively low rate. Three reasons that quickly come to mind: 1. a collapsing real estate market; 2. a property that has additional developable land, which adds sale value, but less rental value; and 3. property management expenses passed-on to tenant outside the rent rate.

Greenwich single-family properties both for sale and rent:

Old Greenwich single-family properties both for sale and rent:

Riverside single-family properties both for sale and rent:

Cos Cob single-family properties for both sale and rent: