September Sales

In September, Greater Greenwich, which includes Greenwich, Cos Cob, Riverside and Old Greenwich, closed on nearly $147 million worth of residential property. The 72 closings in September was just shy of the 76 closings in the prior year and included 56 single family homes, 14 condominiums and 2 cooperatives. The average single family home sold price was $2.4 million compared to $2.6 million last September. Three of the largest five sales included homes on the waterfront or with water views.  [September 2016 Closings].

According to the Greenwich MLS, active listings totaled 898, up 5% over last year. That said, it is interesting to note the same report notes the agent days on market is noticeably down, probably reflective of the fresher inventory rather than the sales pace.

There were 48 rentals at an average rental price of $4450 per month in September. Year to date there have been 666 rentals, slightly up over last year. The year to date average rental price is $5670 per month, essentially flat to last year. Volume is up 2%.

Mary-Stuart G Freydberg
20 years professional real estate advice
Mary Stuart G Freydberg, Sotheby's International Realty
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