In keeping with the late Spring this year, closings popped in April, leaving year to date sales relatively flat. In April there were 68 residential closings, up 62% over April last year, and volume was up 73% on a 7% increase in average sales price, according to the Greenwich Multiple Listing Service. All categories, including single family, condominiums and cooperatives were up.
Single family drove the market in April with 50 sales totaling $110 million in volume, up 74% over the prior year. The average sales price of a home that closed in April this year was $2.2 million, up 4%. The average sales price of a condominium was $1.2 million, up 14% on 14 sales.
Year to date there have been 201 residential sales totaling $425 million, down 2% over the same period last year. The average sales price year to date is $2.1 million, up 3%, according to the Greenwich Multiple Listing Service. The median sales price is now over $1.5 million, up 9%. Higher priced homes are selling.
In April, single family home closings were predominantly located in the North Street Elementary School district, showing a continuing preference for Central Greenwich. Riverside contributed the largest closing for the month, a $6.3 million sale with taxes of $26,667. The next three largest sales were in Glenville, North Street and Parkway districts.