April 9th, 2012.
Currently on the Greenwich MLS there are a total of 744 listing with 574 of them being single family homes. For the single family homes prices start at $349,000 for a 1,007 square foot ranch on 0.17 acres and going up to $26,000,000 for a 14,966 square foot home on 10.05 acres.
The William Pitt Sotheby’s Market Trend report for the 1st Quarter of 2012 shows the Greenwich single family real estate market has adjusted downward from the same time last year with the number of homes sold down 37.11% and median sold price down 29.49% year to date. (click on picture to see larger version)
*The statistics presented are compiled on figures and data generated by GREENWICH MLS. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data is derived from GREENWICH MLS is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.
Greenwich, Connecticut is the southernmost and westernmost municipality in Connecticut and is a 38+ minute Metro North train (express) ride to Grand Central Terminal in Manhattan. The total area is 67.2 square miles with 47.8 sq mi being land and 19.4 sq mi being water with a population of 61,171 (2010 census). Greenwich is made up of 5 zip codes:-
06830 ~ Greenwich
06831 ~ Glenville
06870 ~ Old Greenwich
06878 ~ Riverside
06807 ~ Cos Cob
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To view past newsletters go to http://www.williampitt.com/eng and visit “LOCAL MARKET TRENDS” section.
Median Price: is half are below, half are above
Average Price: are all sold prices are added together into a sum; the sum is then divided by the number of houses that sold.
David Popoff is a Connecticut license real estate agent in lower Fairfield County. He has lived and worked in the area for over 30 years and now reside in Darien since 2004.
- Member of the Multiple Listing Service, MLS.Member of the Connecticut Association of Realtors, CAR.
- Greater Fairfield County
- Member of the National Association of Realtors, NAR.
- Contact David Popoff for all your real estate needs in Darien, Greenwich, New Canaan, Rowayton and the rest of lower Fairfield County.