Greenwich Homes and Housing Overview provides detailed information for buyers, sellers and lessors of Greenwich real estate. The information includes narratives on: Greenwich neighborhoods, housing options, how to buy, sell or lease a Greenwich area home, Greenwich Zoning and Building Codes (with F.A.R Calculator), Property Taxation, Assisted Living, Market Statistics and....More
General Single-Family Sales Trends 2010
The single-family home market showed signs of improvement in the first quarter of 2010 with 101 sales transactions vs. the dismal 35 that occurred during the same period in 2009. The average sale price market-wide was up five percent to $2,100,000. The average days on market were shortened to 208 from 215 and new inventory dropped seven percent to 267 new listings vs. 287 in 2009. The sale/list price ratio also improved with properties selling in the first quarter at 92.2 percent of the last list price.
New construction home sales dropped to six in the first quarter of 2010 from the 38 that occurred during the same quarter of 2009, while 51 new construction listings remained on the market as of March 31st. Pricing of these six sales ranged from the low of $1,495,000 to the high of $4,295,000 with two (2) in the $1MM to $2MM price range, two (2) in the $2MM to $3MM price range and two in the $4MM to $5MM price range. Geographically these occurred in Greenwich Proper (four sales) and in Riverside (two sales). Given the lackluster performance with new homes sales, new home starts have been almost non-existent.
This Web site is not the official Web site of Sotheby's International Realty, Inc. (R) . Sotheby's International Realty, Inc. (R) does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this Web site. Sotheby's International Realty Inc. (R) is Owned and Operated by NRT LLC. Edward Mortimer is a licensed real estate broker with Sotheby's International Realty Inc.(R).
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