August 20, 2020 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of July 2020.
There were 85 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 increased compared to July 2019 when there were 72 closings. The median sale price for a single-family home increased to $1,975,000 from median sales price in July 2019, which was $1,972,500.
The average days on the market (DOM) for residential homes was 164 days; which was a decrease from 222 days in July 2019.
There were 17 condo/co-op residential closings reported during this time period; which was the same from July 2019 when there were 17 closings. The median sale price for a condo/co-op increased to $735,000 from the median sales price in July 2019, which was $600,000.
The average days on the market (DOM) for condo/co-op residential homes was 195; which was an increase from 128 days in July 2019.
Pending sales as of 4:45pm Wednesday, August 19th for Single Family homes were 109 and 19 for Condo/Co-Op.
"July 2020 had eighty-five single family residential closings; an eighteen percent increase from July 2019 when there were seventy-two closings and the median sale price was $1,975,000. Greenwich was the sector in town with the most closings, ending July with forty-two sales and had a median sale price of $2,115,000. Condo/Co-Op sales had seventeen closings in July 2020, with a median sale price of $735,000; a twenty-two percent increase from the median sale print in July 2019, which was $600,000" stated John McAtee, 2020 President of the Greenwich Association of REALTORS®.
John McAtee, GAR 2020 President & Stacey Loh, GAR EVP
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 850 members and is headquartered in Greenwich, CT.