It’s Spring! There are plenty of wonderful homes available for purchase in Greenwich. Come take a look! Greenwich has a nice mix of current active inventory in Greenwich. There are 775 active residential listings with an average list price $3.5 million according to the Greenwich Multiple Listing Service.
Greenwich is divided into three Middle Schools: Western, Central and Eastern. More commonly, parts of Greenwich are referred to by its four Areas: Greenwich, Cos Cob, Riverside and Old Greenwich. The Greenwich Area is further subdivided into two zip codes (06831 and 06830), with each of the other Areas having their own zip code. Condominiums and Cooperatives are predominantly found in Greenwich, with some in Cos Cob and Old Greenwich.
Focusing in on single family listings, Greenwich is the largest Area and is home to 65% of the current active single family listings.
Sections of Greenwich include Byram, Cos Cob, Glenville, North Mianus, North Parkway, Old Greenwich, Pemberwick, Riverside, South of Post Road and South Parkway. There is overlap among Areas and Sections. For example, South Post Road can include homes in Old Greenwich, Riverside and Greenwich. Some Sections are considerably smaller than others in terms of territory and number of housing units. Likewise, South Parkway includes a wide range of housing. North Parkway is North of the Merritt Parkway and is characterized by less dense development and large estates.
Clearly some Sections have a deeper bench in terms of inventory to choose from but keep in mind that available inventory should not be used in isolation as an indicator of sales or demand. Some markets are light on inventory (or desirable inventory) and others have an excess of inventory at certain price ranges. One property was listed as Out of Town Section and is not included herein.
Call me to learn more about what’s happening in your target neighborhood.
I will be hosting an open house in Riverside at 27A Bayside Terrace tomorrow from 1:00 to 3:00PM. Come see the beautiful views and image yourself living in this grand new construction! April 29, 2018 Open House Report
Mary-Stuart G Freydberg
20 years professional real estate advice