November 22, 2020 11:21 am Greenwich Real Estate Market Report – October 2020 Sales
November 19, 2020 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of October 2020.
There were 99 single-family residential closings reported during this period according to figures provided by The Greenwich Multiple Listing Service, Inc., the multiple listing service used by REALTORS® in the Greenwich area.
The number of single-family residential closings increased compared to October 2019 when there were 40 closings. The median sale price for a single-family home increased to $2,275,000 from median sales price in October 2019, which was $1,883,333.
The average days on the market (DOM) for residential homes was 173 days; which was a decrease from 200 days in October 2019.
There were 31 condo/co-op residential closings reported during this time period; which was an increase from October 2019 when there were 13 closings.
The median sale price for a condo/co-op increased to $780,000 from the median sales price in October 2019, which was $560,000.
The average days on the market (DOM) for condo/co-op residential homes was 152; which was an increase from 140 days in October 2019.
“October 2020 had ninety-nine residential closings; a one hundred forty-seven percent increase from October 2019 when there were forty closings. The median sale price was $2,275,000; a twenty percent increase from the median sale price in October 2019, which was $1,883,333. Greenwich was the sector in town with the most closings, ending October with sixty sales; a two hundred thirty-three percent increase from October 2019 when there were eighteen closings. The median sale price was $2,687,500; a twenty-seven percent increase from the median sale price in October 2019, which was $2,102,500.
Condo/Co-Op sales had thirty-one closings in October 2020; a one hundred thirty-eight percent increase from October 2019 when there were thirteen closings. The median sale price was $780,000; a thirty-nine percent increase from the median sale price in October 2019, which was $560,000″ stated John McAtee, 2020 President of the Greenwich Association of REALTORS®.
The Greenwich Association of REALTORS® is the professional board of choice for the real estate industry in Greenwich. Established in 1924, the association provides professional development and services for REALTORS® and represents the concerns and interests of private property and home ownership rights. The association has over 850 members and is headquartered in Greenwich, CT.
If you have any questions about the market or are considering buying, selling, or renting in the area feel free to contact Remy of Douglas Elliman.
Remy Cook
203 – 219 – 8233
The Fieldstone Group
of Douglas Elliman
88 Field Point Road
Greenwich, CT 06830
Licensed in CT & NY
RES. 0807125