Like a Lion

The first quarter of 2017 started and ended with notable strength. In March Greenwich single family homes sales surged up 82% to 53 closings in 2017 from 29 closings last year. The average sales price remained flat at $2.6 million. Total single family volume improved 80% to $135 million from $71 million in March of last year. March Closings Report (click link)*

 

2017 04 09 table
Data Source: Greenwich Multiple Listing Serice

Greenwich single family sales in the first quarter of 2017 totaled $316 million up 38% over the $228 million in sales volume last year. The average sales price was up 7% and number of units sold in the first quarter improved 28% over the same period last year. In the condominium space the quarter was choppy but ended up with a 9% gain in average sales price, an 11% increase in the number of units sold and a 22% improvement in sales volume. There were two single family closings over $10 million in the first quarter of 2017, as there were in 2016.

Adding to Spring fever, the number of homes under contract at the end of the quarter was up 19% as compared to the same time last year.

There are 97 open houses on Sunday. April 9, 2017 Open House Report (contact me for access to reports).

Let’s talk about how to take best advantage of this market. Call or connect with me on LinkedIn.

Warmly,
Mary-Stuart G Freydberg
20 years professional real estate advice
Mary Stuart G Freydberg, Sotheby's International Realty
SIR Web Signature Block

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