A slice in time does not make a trend, but a peek at slices in time in conjunction with analysis of longer terms trends keeps us on top of the market. Last week the 19 homes that closed in Greenwich, collectively exhibit the great diversity of product in demand within Greenwich.
Sales prices ranged from $395,000 to $3,150,000, with a fairly even bell curve distribution among price ranges. Two homes sold for over $2 million, four sold between $1.5 and $2 million, six sold between $1 and $1.5 million, four sold between $500,000 and $1 million and three sold for less than $500,000. Eight of the homes were listed as having been renovated within the prior five years. Five were in the Western Middle School district, eleven in Central Middle School district and the remaining two in Eastern Middle School.
A variety of home styles sold including, colonials, ranch farmhouse, contemporary, townhouse and cape. Six were on more than one acre of land. Six were condominiums. The average days on market was 143 days, with 9 selling in less than 90 days, 4 in over 200 days (at a discount to asking price).
As schools start and summer begins to wind down, there are only 25 Open Houses on Sunday. August 28, 2016 Open House Report (click link). There will be no weekly next week.
Enjoy the beautiful weekend!