January statistics — Greenwich real estate

Condominiums

The current inventory of condominiums (includes co-op’s and town houses) increased 7% as compared to January of last year. Sales of condominiums increased 50% year-over-year. Dollar volume increased 66% in January compared to January of last year. Days on market for this market segment increased 12%.

The average sales price was $1,031,350 last month as compared to $934,375 in January of 2014. The median sale price increased 24% from $855,350 in January 2016 as compared to $687,500 in January of 2014.

With respect to inventory, units with a price over $1,400,000 comprise 32% of those available for sale, followed by those under $500,000 (20%), followed by those priced between $600,000 and $699,999 (12%), followed by those priced between $800,000 and $999,999 (11%), followed by those priced between $700,000 and $799,999 (10%), followed by those priced between $500,000 and $599,999 (8%) and lastly those priced between $1,000,000 and $1,399,999 (6%).

The largest increase in condominiums under contract was in the market segment priced under $500,000 (20%) when compared to January of last year. Overall contracts increased 38% year-over-year.

Single-family homes

The current inventory of single-family sales increased 9% as compared to January of last year. Sales of single-family homes increased 13% year-over-year. Dollar volume increased 3% in January compared to January of last year. Days on market for this market segment decreased 6%.

The average sales price $2,334,673 las month as compared to $2,566,309 in January of 2014. The median sale price increased 4% from $1,670,000 in January 2016 as compared to $1,600,000 in January of 2014.

With respect to inventory, homes with a price between $1 million and $1,999,999 comprise 20% of those available for sale, followed by those priced between $2 million and $ 2,999,999 (18%), followed by those priced between $3 million and $3,999,999 (16%), followed by those priced between $4 million and $4,999,999 (10%) and the remaining price points came in between 4 and 8% of the market.

The single-family segments having the highest%age of contracts last month were:  the under $1 million market (40%) and the $1 million to under $2 million market (40%). Overall contracts increased 9% year-over-year.

Last month the homes priced under $1 million constituted 150% of the homes sold. This market segment remains very popular in Greenwich. Homes between $ 1 million and $2 million decreased 33% last month while homes priced between $3 million and $4 million increased 50%. Overall sales of single-family increased 13% last month as compared to January of 2015.

Realtors are hoping more listings come on the market after this week.  There are many buyers looking for homes and few are available in sought after areas of Greenwich and of a reasonable size. Most buyers continue to look for condominiums and homes close to town in turn-key condition.

Mary Ann Clark is a realtor with Coldwell Banker at 177 West Putnam Avenue in Greenwich. Questions or comments may be emailed [email protected]

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