November 10, 2021 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of October 2021.
There were 43 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 October 2020 when there were 99 closings. The median sale price for a single-family home decreased to $2,250,000 from the median sales price in October 2020, which was $2,275,000.
The average days on the market (DOM) for residential homes was 134 days; which was a decrease from 173 days in October 2020.
There were 19 condo/co-op residential closings reported during this time period; which was a decrease from October 2020 when there were 31 closings.
The median sale price for a condo/co-op increased to $818,340 from the median sales price in October 2020, which was $780,000.
The average days on the market (DOM) for condo/co-op residential homes was 116; which was a decrease from 152 days in October 2020.
Pending sales as of Wednesday, November 17th for Single Family homes were 78 and 16 for Condo/Co-Op sales
"October 2021 had forty-three closings with a median sales price of $2,250,000. Greenwich was the sector in town with the most closings, ending September with twenty-nine sales and a median sales price of $2,878,000; a seven percent increase from the median sales price October 2020, which was $2,687,500. Condo/Co-Op sales had nineteen closings in October 2021 with a median sales price of $818,340; a four percent increase from the median sales price in October 2020, which was $780,000. The Dollar Volume for Single Family homes, October 2021 is $122,973,505. There were thirty-nine Single Family Price Reductions for October 2021 with a median price change of $200,000. The Dollar Volume for Condo/Co-Op homes, October 2021 is $20,182,840” stated John McAtee, 2021 President of the Greenwich Association of REALTORS®.
Real Estate Radio Report | Stacey Loh, GAR EVP & John McAtee, GAR 2021 President
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.