March 21, 2019 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of February 2019.
There were 20 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 February 2018 when there were 36 closings in February. The median sale price for a single-family home decreased to $1,197,250 from $2,025,000 the median sales price in February 2018.
The average days on the market (DOM) for residential homes was 242 days; which was an decrease from 271 days in February 2018.
There were 8 condo/co-op residential closings reported during this time period; which was a decrease from February 2018 when there were 9 closings.
The median sale price for a condo/co-op increased to $769,125 from $545,000 the median sales price in February 2018.
The average days on the market (DOM) for condo/co-op residential homes was 371; which was an increase from 315 days in February 2018.
“February 2019 had twenty closings, with a median sale price of $1,197,250. Greenwich was the sector in town with the most closings, ending February with nine sales. Cos Cob was close behind with six sales. Condo/Co-Op sales had eight closings in February 2019, with a median price of $769,125; A forty-one percent increase from February 2018. Pending sales as of 8:30am this morning for Single Family homes were thirty-eight and nineteen for Condo/Co-Op” stated John McAtee, 2019 President of the Greenwich Association of REALTORS®.
John McAtee, GAR 2019 President and 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.