March 31, 2021 2:14 pm Greenwich Real Estate Market Report – February 2021 Sales
March 18, 2021 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of February 2021.
There were 63 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 February 2020 when there were 30 closings.
The median sale price for a single-family home increased to $2,350,000 from the median sales price in February 2020, which was $1,847,500, a 27 % increase.
The average days on the market (DOM) for residential homes was 168 days; which was a decrease from 298 days in February 2020.
There were 15 condo/co-op residential closings reported during this time period; which was an increase from February 2020 when there were 13 closings. The median sale price for a condo/co-op decreased to $730,000 from the median sales price in February 2020, which was $775,000. The average days on the market (DOM) for condo/co-op residential homes was 262; which was an increase from 192 days in February 2020.
“February 2021 had sixty-three residential closings; a one-hundred ten percent increase from February 2020 when there were thirty closings. The median sale price was $2,350,000; a twenty-seven percent increase from the median sale price in February 2020, which was $1,847,500. Greenwich was the sector in town with the most closings, ending February with forty-four sales; a one-hundred forty-four percent increase from February 2020 when there were eighteen closings. The median sale price was $2,672,500; a forty-four percent increase from the median sale price in February 2020, which was $1,847,500. Condo/Co-Op sales had fifteen closings in February 2021; a fifteen percent increase from February 2020 when there were thirteen closings. The median sale price was $730,000,” stated John McAtee, 2021 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.
Remy Cook
203 – 219 – 8233
Douglas Elliman
88 Field Point Road
Greenwich, CT 06830
Licensed in CT & NY
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