Some Facts About the Greenwich Real Estate Market

  1. Greenwich vs. Fairfield County vs. the Rest of Connecticut
    Inventory 2015 Sales Inventory 2015 Sales
  over $2M   over $5M  
Greenwich 339 288 139 64
Rest of Fairfield County 447 316 65 16
Rest of CT   278 41   55 0

 

  1. What’s Been Happening This Year
    • The Median House – 4BR, 3/1BA, 3,173 sf, 0.41 acres
    • Sales under $3M – 394 sales vs 380 sales in 2015 up 4%
    • Sales Over $3M – 103 sales vs 141 sales in 2015 down 24%
    • Total Sales – 497 houses vs 521 houses in 2015 down 5%
    • Average Price – Most dependent on sales mix
    • Inventory is the same as last year – 591vs 592 house listings in 2015
    • Average Price – $2.22 million vs $2.5 million in 2015
    • Median Price – $1.70 million vs. $1.87 million in 2015
    • Total Sales to Date – $1.1 billion vs $1.3 billion in 2015
    • Median Price per Square Foot – $542 vs $565 in 2015
    • Median Sales Price to Last List Price Ratio – 92.0% vs 94% in 2015
    • Median Days on Market – 126 vs 102 in 2015

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s