January 16, 2020 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of December 2019.
There were 37 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 2018 when there were 50 closings. The median sale price for a single-family home increased to $1,825,000 from median sales price in December 2018, which was $1,487,500.
The average days on the market (DOM) for residential homes was 258 days; which was an increase from 250 days in December 2018.
There were 15 condo/co-op residential closings reported during this time period; which was a decrease from December 2018 when there were 23 closings.
The median sale price for a condo/co-op increased to $687,000 from $685,000 the median sales price in December 2018.
The average days on the market (DOM) for condo/co-op residential homes was 197; which was a decrease from 254 days in December 2018.
The average days on the market (DOM) for condo/co-op residential homes was 197; which was a decrease from 254 days in December 2018.
“December 2019 had thirty-seven single family residential closings and a median sale price of $1,825,000; A 22% increase from November 2018 when the median sale price was $1,487,500. Greenwich was the sector in town with the most closings, ending December with twenty sales, with a median sale price of $1,922,500; A sixteen percent increase from the median sale price in December 2018, which was $1,650,000. Condo/Co-Op sales had fifteen closings in December 2019, with a median sale price of $687,000. 2019 closed out with 527 sales and a median sale price of $1,866,000” stated John McAtee, 2019-2020 President of the Greenwich Association of REALTORS®.
Real Estate Radio Report – December 2019
John McAtee, 2019-2020 GAR President and Stacey Loh, GAR EV
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.