Greenwich Real Estate Market Report – January 2021 Sales

There were 28 condo/co-op residential closings reported during this time period; which was an increase from January 2020 when there were 13 closings. The median sale price for a condo/co-op decreased to $697,500 from the median sales price in January 2020, which was $815,000. The average days on the market (DOM) for condo/co-op residential homes was 148; which was a decrease from 201 days in January 2020. 

“January 2021 had sixty-six residential closings; a seventy-three percent increase from January 2020 when there were thirty-eight closings. The median sale price was $2,050,000; a seven percent increase from the median sale price in January 2020, which was $1,910,000. Greenwich was the sector in town with the most closings, ending January with thirty-seven sales; a forty-eight percent increase from January 2020 when there were twenty-five closings. The median sale price was $2,475,000; a thirty percent increase from the median sale price in January 2020, which was $1,895,000. Condo/Co-Op sales had twenty-eight closings in January 2021; a one hundred fifteen percent increase from January 2020 when there were thirteen closings. The median sale price was $697,000,” 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.