This is the third of seven posts on the state of the Greenwich real estate market near the end of 2014. To read the entire report click this link: The Greenwich Real Estate Report YTD – Nov. 2014
INVENTORY, YTD SALES, NOV. 2014 SALES & CONTRACTS
Over $4 million dollars our present inventory significantly exceeds our first 11 months of sales meaning we are looking at much more than a year’s supply of listings at present sales rates. You can also see that most of our sales year to date have been between $1 million and $3 million dollars. In fact over $2 million we have seen much better sales in 2014 than we have seen in any post-recession year to date.
Sales in the ultra-high end market over $10 million market have been extraordinary this year. Fifteen houses have been sold in Greenwich over $10 million including one property for $120 million. Greenwich has actually sold more properties over $10 million than San Francisco and Palm Beach combined. New York City, whose population is 130 times Greenwich’s population sales, has sales over $10 million properties is only about 4 times Greenwich sales.
