Greenwich Real Estate - Kaye Lewis, Greenwich Realtor
Kaye Lewis
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The Greenwich Market Update as of 3/8/19

While the weather hasn’t completely dampened activity, it’s clear that the normal surge of activity that we call “the Spring market” will occur a bit later in the year.  Nevertheless, the facts are beginning to tell a familiar story:  Pricing is key to home sales.  While not the lowest price, the number of Old Greenwich home sales are outpacing other areas because of price, and Cos Cob is a close 2nd place.

Condo sales are brisk, too across town with an average sales price of $612,500.  The condo market is appealing not only to entry level buyers, but sellers who prefer to downsize their Greenwich profile while maintaining ties to the community.  I firmly believe if a “lock and leave” community existed in Greenwich, it would be wildly popular with a segment of the market.

YTD Greenwich Real Estate Sales Activity as of March 8, 2019
Active Under Contract Sold
Single Fam Condo/Coop Single Fam Condo/Coop Single Fam Condo/Coop
Greenwich 374 92 39 19 25 18
Median Price $3,595,000 $1,195,000 $1,899,000 $929,000 $2,335,000 $720,000
Riverside 80 4 8 2 6 2
Median Price $2,099,690 $662,000 $2,370,000 $824,400 $2,120,000 $656,000
Old Greenwich 57 9 7 4 14 1
Median Price $2,295,000 $557,600 $2,950,000 $467,450 $1,465,000 $608,000
Cos Cob 43 12 2 3 8 2
Median Price $1,450,000 $622,500 $1,647,000 $959,000 $1,062.50 $466,000

Posted on March 8, 2019 at 6:04 pm by Kaye Lewis

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