October 23, 2020 11:37 am Greenwich Real Estate Market Report – September 2020 Sales
October 15, 2020 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of September 2020.
There were 118 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 September 2019 when there were 46 closings. The median sale price for a single-family home increased to $2,150,000 from median sales price in September 2019, which was $1,550,000.
The average days on the market (DOM) for residential homes was 182 days; which was a decrease from 261 days in September 2019.
There were 19 condo/co-op residential closings reported during this time period; which was an increase from September 2019 when there were 12 closings.
The median sale price for a condo/co-op decreased to $595,000 from the median sales price in September 2019, which was $700,000.
The average days on the market (DOM) for condo/co-op residential homes was 227; which was an increase from 131 days in September 2019.
“September 2020 had one hundred eighteen family residential closings; a one hundred fifty-six percent increase from September 2019 when there were forty-six closings. The median sale price was $2,150,000; a thirty-eight percent increase from the median sale price in September 2019, which was $1,550,000. Greenwich was the sector in town with the most closings, ending September with seventy-three sales; a one hundred eighty percent increase from September 2019 when there were twenty-six closings. The median sale price was $2,450,000; a twenty-five percent increase from the median sale price in September 2019, which was $1,948,750.
Condo/Co-Op sales had nineteen closings in September 2020; a fifty-eight percent increase from September 2019 when there were twelve closings and a median sale price was $595,000″ 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.
If you have any questions about the market or are considering buying, selling, or renting in CT/NY please contact Remy of Douglas Elliman.
Remy Cook
203 – 219 – 8233
The Fieldstone Group
of Douglas Elliman
88 Field Point Road
Greenwich, CT 06830
Licensed in CT & NY
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