August 9, 2021 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of July 2021.
There were 143 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 2020 when there were 85 closings. The median sale price for a single-family home increased to $2,475,000 from the median sales price in July 2020, which was $1,975,000.
The average days on the market (DOM) for residential homes was 79 days; which was a decrease from 164 days in July 2020.
There were 29 condo/co-op residential closings reported during this time period; which was an increase from July 2020 when there were 17 closings.
The median sale price for a condo/co-op increased to $795,000 from the median sales price in July 2020, which was $735,000.
The average days on the market (DOM) for condo/co-op residential homes was 101; which was a decrease from 195 days in July 2020.
The average days on the market (DOM) for condo/co-op residential homes was 86; which was a decrease from 118 days in June 2020.
Pending sales as of Wednesday, August 18th for Single Family homes were 99 and 13 for Condo/Co-Op sales.
"July 2021 had one hundred forty-three residential closings; a sixty-eight percent increase from July 2020 when there were eighty-five closings. Greenwich was the sector in town with the most closings, ending July with eighty-three sales; a ninety-seven percent increase from July 2020 when there were forty-two closings. Condo/Co-Op sales had twenty-nine closings in July 2021; a seventy percent increase from July 2020 when there were seventeen closings. The Dollar Volume for Single Family homes, July 2021 is $449,884,144. There were fifty-three Single Family Price Reductions for July 2021 with a median price change of $125,000. The Dollar Volume for Condo/Co-Op homes, July 2021 is $33,633,000,” stated John McAtee, 2021 President of the Greenwich Association of REALTORS®.
Greenwich Real Estate Radio Report | July 2021 - GAR 2021 President, John McAtee & 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.