The Greenwich Upper-End Home Market

Upper-end homes are a specialized market segment whose homes typically offer any array amenities which offer home buyers a heightened level of design, quality, utility and craftsmanship. These homes offer a higher standard of living than most and typically come with higher price tags. Homes with luxury amenities can be found in wide range of home market segments but what is typically recognized as the upper-end market is luxury properties with pricing levels between $5 and $100 million dollars plus.

This market segment, $5 million to $100 million accounted for 12% of the residential market place so far in 2009 with 26 properties transacting according to Greenwich MLS data. Of this group of 26 properties, 15 were new construction with the highest priced new home sale being $16.5 million. The greatest number of luxury sales occurred in the $5 million to $6 million range with six properties transacting while the $6 million range to $7 million finished a close second with four.

Sales reported are not necessarily those of Edward Mortimer or Sotheby's International Realty.