Category: Real Estate

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Column: Greenwich Real Report by School Districts – Jan & Feb

First, the good news in the first week of March, we’ve had 8 sales compared to 15 sales for the whole month of March. Our inventory has risen to 149 single family home listings and our contracts are up to 80 deals signed. All of this is good news. Sales are trying to get back to normal as we get more inventory. Inventory is going up even as we have more contracts signed which pushes inventory down which means inventory is coming on faster than deals are being done.
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The Greenwich Spring Real Estate Market Comes with a Winter Hangover

The spring market is underway with contracts up 46% from last month. We went from 50 contracts at the end of January to 72 contracts at the end of February. Pretty much every new listing that came on market had an offsetting listing going to contract. The result is that our inventory has been essentially flat all year.
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Column by Carline Martin: The Real Scoop on Real Estate

Welcome to The Real Scoop. This monthly column is intended to help homeowners and potential homeowners in our community address a variety of home related and real estate issues. As a Realtor, I am often approached by many homeowners and buyers to provide answers for a variety of questions pertaining to Greenwich and all things home related. In my quest to provide answers, I have relied on my own expertise, as well as that of many trade professionals I have come to know in our community. The information I have provided has been deemed very useful and greatly appreciated, so I have decided to share what I know with the Greenwich community. Here is this month’s selected question:
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Column: The Real Scoop

Welcome to The Real Scoop. This monthly column is intended to help homeowners and potential homeowners in our community address a variety of home related and real estate issues. As a Realtor, I am often approached by many homeowners and buyers to provide answers for a variety of questions pertaining to Greenwich and all things home related. In my quest to provide answers, I have relied on my own expertise, as well as that of many trade professionals I have come to know in our community. The information I have provided has been deemed very useful and greatly appreciated, so I have decided to share what I know with the Greenwich community. Here is this month’s selected question:
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Column: Greenwich Condo Sales Up 29% in 2022 Over 10-Year Average

Last year was a good year for condo and co-op sales in Greenwich. We had 215 sales, which compares to our 10-year, pre-Covid average of 175 sales. Our 2022 condo sales were 23.1% above average. You may see some folks pointing out that condo sales were down 19% over 2021, but 2021 was a record year for condo sales.
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Column: $1 Billion Less Sales, Price Up

The Greenwich real estate market had an “average” year in 2022. That’s if you consider a wild roller coaster ride of big ups and downs with surprising twists and turns a normal year, because at the end of the ride you end up back where you started. In 2022, started the year with 152 single family home listings and ended the year with 145 listings. At the end there was a only a small drop in inventory from the beginning to December 31, 2022.
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