First quarter Greenwich sales are up as New Yorkers are looking for homes outside the city.
Technology, the internet and friends give you powerful ways to search for a house without ever leaving your home. It’s also a nice way to keep connected and focused.
Sales and rentals are up in Greenwich, CT as more people from New York City look to Greenwich as a place to put more social distance between their families and their families. Four acres of land provides a lot more social distance than 12 inches of apartment wall.
When we last left you at the end of the decade in December 2019, sales were down 11% for the year and were down 26% in the month of December. But all was not lost our contracts at year-end were up 41%, which boded well for the beginning of the new decade.
What had been a bad year is turning in to a good year for the Greenwich real estate market. Our months of supply is back to normal, however overpricing is still a major problem.