May 21, 2022 12:29 pm Greenwich Real Estate Market Report – April 2022 Sales
There were 62 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 April 2021 when there were 89 closings. The median sale price for a single-family home decreased to $2,153,500 from the median sales price in April 2021, which was $2,550,000, an 18 % decrease.
The average days on the market (DOM) for residential homes was 110 days; which was a decrease from 143 days in April 2021.
There were 19 condo/co-op residential closings reported during this time period; which was a decrease from April 2021 when there were 31 closings.
The median sale price for a condo/co-op increased to $900,000 from the median sales price in April 2021, which was $725,000.
The average days on the market (DOM) for condo/co-op residential homes was 69; which was a decrease from 127 days in April 2021.
“April 2022 had sixty-two closings with a median sales price of $2,153,500. Greenwich was the sector in town with the most closings, ending April with thirty sales and a median sales price of $3,437,500; a twelve percent increase from the median sales price in April 2021, which was $3,050,000. Condo/Co-Op sales had nineteen closings in April 2022 with a median sales price of $900,000; a twenty-four percent increase from the median sales price in April 2021, which was $725,000. The Dollar Volume for Single Family homes, April 2022 is $178,406,419. The Dollar Volume for Condo/Co-Op homes, April 2022 is $17,485,750,” 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 feel free to contact Remy of Douglas Elliman.
203 – 219 – 8233
75 Arch Street
Greenwich, CT 06830
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