Greenwich Association of Realtors announces December sales

The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of December 2015.

There were 48 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 decreased, compared to December 2014 when there were 59 closings in December. The median sale price for a single-family home increased to $1,712,500 from $1,405,000 the median sales price in December 2014.

The average days on the market (DOM) for residential homes was 210 days; which was a increase from 187 days in December 2014.

SingleFamilyClosings

MedianSalePriceSFH

“The “new normal” continued throughout 2015; with the end of the real estate boom and bust behind us now for a few years; 2015 aligns with 2014’s experience. The number of single-family closings was only different by one, with 597 single-family homes sold in Greenwich in 2015. Riverside was the most active with a 16% increase in sales compared to 2014 with the median price remaining the same at just over $2 million. We expect 2016 to perform similarly with a steady amount of sales, steady prices and continued demand for homes that are updated and move-in ready,” stated Joann Erb, 2015 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 800 members and is headquartered in Greenwich, Ct.

 

By participating in the comments section of this site you are agreeing to our Privacy Policy and User Agreement

© Hersam Acorn. All rights reserved. The Greenwich Post, 10 Corbin Drive, Floor 3, Darien, CT 06820

Designed by WPSHOWER

Powered by WordPress