February 25, 2023 12:45 pm Greenwich Real Estate Market Report – January 2023 Sales
The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of January 2023.
There were 30 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 January 2022 when there were 50 closings. The median sale price for a single-family home increased to $2,567,500 from the median sales price in January 2022, which was $2,500,000, a 3 % increase.
The average days on the market (DOM) for residential homes was 98 days; which was the same from 98 days in January 2022.
There were 12 condo/co-op residential closings reported during this time period; which was a decrease from January 2022 when there were 13 closings.
The median sale price for a condo/co-op increased to $853,000 from the median sales price in January 2022, which was $725,000.
The average days on the market (DOM) for condo/co-op residential homes was 90; which was an increase from 79 days in January 2022.
“January 2023 had thirty closings with a median sales price of $2,567,500. Greenwich was the sector in town with the most closings, ending January with twenty-three sales and a median sales price of $3,250,000; an increase of nine percent, from the median sales price in January 2022, which was $2,975,000. Condo/Co-Op sales had twelve closings in January 2023 with a median sales price of $853,000; an increase of seventeen percent, from the median sales price in January 2022, which was $725,000. The Dollar Volume for Single Family homes, January 2022 is $91,495,150. The Dollar Volume for Condo/Co-Op homes, January 2023 is $19,663,000,” stated Bryan Tunney, 2023 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.
Remy Cook
203 – 219 – 8233
Douglas Elliman
75 Arch Street
Greenwich, CT 06830
Licensed in CT & NY
RES. 0807125