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|
|Single Fam||Condo/Coop||Single Fam||Condo/Coop||Single Fam||Condo/Coop|
Posted on March 8, 2019 at 6:04 pm by Kaye Lewis