January 17, 2022 2:46 pm Greenwich Real Estate Market Report – December 2021 Sales
There were 77 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 decreased compared to December 2020 when there were 91 closings.
The median sale price for a single-family home increased to $2,085,000 from the median sales price in December 2020, which was $2,000,000, a 4 % increase.
There were 18 condo/co-op residential closings reported during this time period; which is a decrease from December 2020 when there were 31 closings. The median sale price for a condo/co-op decreased to $745,000 from the median sales price in December 2020, which was $885,000. The average days on the market (DOM) for condo/co-op residential homes was 131; which was a decrease from 186 days in December 2020.
“Greenwich was the sector in town with the most closings, ending December with fifty Single Family home sales and a median sales price of $2,222,500. The Dollar Volume for Single Family homes in all areas of Greenwich as of December 2021 was $256,004,600, which lead to a total dollar volume for the year of $3,018,401,840. This was a 31 % increase from the total dollar volume produced in 2020, which came in at $2,302,232,502. Single Family unit sales totaled 1006 for the entire town in 2021, a 16 % increase over 2020 where there were 861 sales,” stated Bryan Tunney, 2022 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, renting or investing in the area please contact Remy of Douglas Elliman.
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Greenwich, CT 06830
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