Greenwich Real Estate Sales Activity: 2006 vs. 2007
Despite all the national news coverage about real estate downturns, the Greenwich real estate market remains steady. The following charts compare 2006 to 2007 sales activity at the end of each year:
|
Single Family Homes |
2006 | 2007 | % Change |
| Active Listings | 379 | 410 | 8+ |
| Current Contracts | 95 | 51 | 53- |
| Solds | 600 | 630 | 4+ |
| Average Sales Price | $2,687,400 | $3,009,681 | 12+ |
| Median Sales Price | $2,001,240 | $2,175,000 | 8.7+ |
|
Condos |
2006 | 2007 | % Change |
| Active Listings | 175 | 172 | 2- |
| Current Contracts | 28 | 27 | 3- |
| Solds | 213 | 182 | 12- |
| Average Sales Price | $919,820 | $1,026,800 | 11.6+ |
| Median Sales Price | $720,000 | $757,500 | 5.2+ |
It’s true that we haven’t seen the robust activity that was prevalent since 2000, but the Greenwich marketplace hasn’t fallen prey to the vagaries of many marketplaces. We continue to see unusually high growth in values supported by strength in the upper price categories. With low interest rates and good inventory levels, it’s a terrific time to buy whether it’s a new residence for your family or investment properties.
Greenwich real estate continues to prove to be a great investment in your lifestyle or your portfolio.
For more information on the Greenwich Real Estate market, please visit www.KayeLewis.com and www.KayeLewisHomes.com.
