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 […]

The Greenwich Association of Realtors began their annual fundraising drive for the United Way of Greenwich in mid-October.  As co-chair of the drive along with Kathy Adams, we are aiming for 100% participation to support this very important organization.  As of November 30, 2007, 45 agents have contributed more than $13,100 to the United Way’s […]

The Spring Market is often viewed as the best time to sell your house or buy a new one.  Whether you are buying or selling, spring brings the peak of real estate activity in Greenwich.  If you want to make a move in 2008, don’t wait too long–the Spring Market doesn’t wait for spring to […]

I’ve been saying for years that Greenwich is a micro market and not subject to the vagaries of the national real estate market.  Of course, I’m not selling newspapers or TV advertising airtime, so there’s no need for me to use the scare tactics of yellow journalism.  Here’s an interesting article found in a recent […]

 From www.GreenwichTime.com:
By Kenneth Harney
Published August 10 2007
WASHINGTON - Though real estate sales and prices are flat or down in dozens of metropolitan areas, micro-markets within them are performing very differently: Prices and sales are up this year over last, and plenty of buyers still want to move in.
Call them real estate oases - neighborhoods and […]

Despite the nationwide drop in real estate sales, both in volume and in price, the Greenwich Real Estate market continues to perform at it’s own pace.  Through June 7, 2007, the number of homes sold and the number of contracts signed is up over the same period in 2006.  The average and median sales prices […]

As a Homeowner of 2 years or more, you can take up to $500,000 in capital gains Tax Free from the sale of your home.
And you don’t have to “buy up”.  You can purchase a home of lesser value & KEEP the difference.  The best part is you can take advantage of this every two years!  What […]