May 21, 2021 6:44 pm Real Estate Market Report – April 2021 Sales
May 20, 2021 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of April 2021.
There were 88 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 April 2020 when there were 34 closings.
The median sale price for a single-family home increased to $2,575,000 from the median sales price in April 2020, which was $1,733,500, a 49 % increase.
The average days on the market (DOM) for residential homes was 143 days; which was a decrease from 300 days in April 2020.
There were 31 condo/co-op residential closings reported during this time period; which was an increase from April 2020 when there were 11 closings. The median sale price for a condo/co-op decreased to $725,000 from the median sales price in April 2020, which was $940,000. The average days on the market (DOM) for condo/co-op residential homes was 127; which was a decrease from 162 days in April 2020.
“April 2021 had eighty-eight residential closings; a one-hundred fifty-eight percent increase from April 2020 when there were thirty-four closings. The median sale price was $2,575,000; a forty-eight percent increase from the median sale price in April 2020, which was $1,733,500. Greenwich was the sector in town with the most closings, ending April with forty-four sales; a one-hundred fifty-eight percent increase from April 2020 when there were seventeen closings. The median sale price was $3,062,500. Condo/Co-Op sales had thirty-one closings in April 2021; a one-hundred fifty-eight percent increase from April 2020 when there were eleven closings. The median sale price was $725,000,” 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
RES. 0807125