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First Quarter 2022 Single Family Greenwich Market Stats: Upside Down, Better than Average and a Bubble is Unlikely
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…
Details2021 was a Record-Breaking year for Greenwich Real Estate Single Family Home Sales, no matter how you look at it
We 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…
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FIRST QUARTER 2020 GREENWICH MARKET STATS: OFF TO A GREAT START, DESPITE (or, maybe because of) THE CORONAVIRUS
Greenwich 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…
DetailsDECEMBER 2019 YEAR-END GREENWICH REAL ESTATE SALES: SECOND HALF BETTER THAN THE FIRST
When 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…
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GREENWICH, CT 3RD QUARTER 2019 SINGLE FAMILY HOME CONTRACTS & SALES: A SILVER LINING
While 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…
DetailsFIRST HALF 2019 GREENWICH MARKET STATS: STILL SLOW WITH SOME HIGHLIGHTS
The 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…
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1ST QUARTER 2019 SINGLE FAMILY GREENWICH MARKET STATS: A SLOW START
2019 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…
DetailsGREENWICH SINGLE FAMILY HOME SALES UP IN 2018; NEW TAX LAWS HAVE IMPACT
Despite 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…
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