At first glance at the Market Overview page for 1st quarter 2022 Greenwich single family market stats, the outlook looks rather dismal, with inventory, unit sales, pending contracts, sales volume and Days on Market all down versus last year. Upon closer inspection, however, there are some very positive trends underway in our market, if you…
DetailsWe broke the record for the most number of single family unit sales ever, with 1,007. We grossed the highest sales volume ever, a little over $3B, which was +30.7% above our record-breaking 2020 sales volume of $2.3B. And, we topped (by +1%) our highest average sale price that was attained during the housing bubble…
DetailsGreenwich Single Family Real Estate Sales are up 39.2% year-to-year, from 74 sales in 2019 to 103 as of the end of first quarter 2020. Home sales in all price ranges are up or even with last year, with the exception of homes in the over $10M range. The average number of units sold over…
DetailsWhen the Greenwich Real Estate Market embarked on the second half of 2019, we realtors knew that there was a lot of ground for which to make up. We ended the first half of 2019 with single family home sales down -18% versus the first half of 2018. (refer to “Home Sales by Month” on…
DetailsWhile overall single family home sales are down -11.1%, January-September 2019 versus the same time period in 2018, a closer inspection of 3rd Quarter Greenwich Real Estate Market stats reveals that the large majority of this shortfall occurred during the first half of this year. As a matter of fact, almost as many homes sold…
DetailsThe first half of the 2019 Greenwich Real Estate Market has ended inauspiciously, with Single Family Unit Sales down -17.8%, January-June 2019 vs. 2018, Sales Volume down -21.1% and Inventory up +9.1%. The highlight here, however, is sales in the $2-3M range, which has increased this year-to-date versus last year +10.2%. This price segment significantly…
Details2019 is getting off to a slow start compared to first quarter last year, with Sales down 28% and Pending Contracts down 33%. Meanwhile, we had 21 Contingent Contracts – 8 of which are in the strongest $2-3M range–waiting to close as of the end of March, which will certainly help the cause if all…
DetailsDespite 4thquarter Single Family Home Sales in the Greenwich Market ending slightly down, -3.62%, the good news is that sales 2017-to-2018 overall ended up +4.4%. Ordinarily this increase would not be remarkable but, when considering that early indicators show that the number of sales dropped in New York City, Westchester County and in other towns…
DetailsGreenwich single Family Home sales are up 27% in the 3rdquarter of 2018, fueled primarily by a strong September, with 182 units sold versus 143 in the 3rdquarter of 2017. This defies the odds that critics had given Greenwich, sure that sales would be down due to the new federal tax laws. Looking at year-to-date…
DetailsThe Second Quarter in Greenwich Real Estate has just closed, with Unit Sales (-5.2%) and Sales Volume (-0.3%) slightly down over the first half of last year but, with Contracts slightly up, +3%. This dip in Unit Sales and Sales Volume may be due—at least in part—to some growing pains from the new 2017 Tax…
DetailsFirst Quarter Market Statistics 2018 for Greenwich can only be described as “An Enigma”. While March 2018 ended with Inventory up +5.8%, Unit sales down -19% and Sales Volume down -14.1% versus last year, the Average Sale Price and Median Sale Price are up +6.1% and +6.8% respectively. For the second year in a…
Details2017 ended with Sales Volume up an impressive +16% versus 2016 to $1.47 billion, with unit sales remaining basically flat year-to-year. Also up was the Average Sale Price, +17.1%, and the Median Sale Price, +5.9%. New State and Federal Tax Laws have helped to fuel this surge… Unit Sales overall were “up and down” all…
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