March 2021 Sarsen Team Market Data: Greenwich's Robust Seller's Market Led to a 57% Increase in SF Average Sale Price

Months of low inventory paired with vigorous demand have led to noticeable price changes. February 2021 posted year-over-year increases in the average sales price of single-family homes throughout Greenwich:

All of Greenwich: $2,906,514 (+57% YOY) 

Mid Country: $3,691,619 (+63% YOY)

South of Post Rd: $3,444,125 (+67% YOY)

Cos Cob: $1,452,800 (+49% YOY)

Seller's Market is Expected to Continue as February Single Family Home Sales Increased and New Listings Decreased

We expect the seller's market to continue through Spring. Homeowners are still reluctant to put their properties on the market. February 2021 saw a 36% decrease in new listings of single family homes (85) compared to February 2020 (133). Demand remains high: 106 single family homes were in contract in Greenwich at the end of February, a 66% increase over 2020. 

 

For further details on the February 2021 market, please click on the Sarsen Team Market Data image below.

Greenwich March 2021 Property Transfers:

46 Oneida Drive for $3,200,000

1076 Lake Avenue for $3,000,000

619 Steamboat Road for $3,500,000

201 Cat Rock Road for $1,330,000

9 Fairway Lane $4,625,000

27 Bayside Terrace A for $3,050,000

2 Oneida Drive F for $5,995,000

33 Ballwood Road for $3,880,000

33 Meadowcroft Lane for $3,700,000

20 Chieftans Road for $2,450,000

15 Gray Oaks Lane for $1,800,000

14 Scott Lane for $810,000

28 Boulder Brook Road for $1,900,000

23 Griffith Road for $1,492,750

317 Riversville Road for $980,000

2 Midwood Road for $3,250,000

1 Meadowcroft Lane for $13,300,000

56 Wesskum Wood Road for $1,645,000

5 Chapel Lane for $2,800,000

26 Nicholas Lane for $580,000

35 Mianus View Terrace for $1,295,000

12 Middle Way for $2,250,000

322 Delavan Avenue for $650,000

5 Walker Court for $842,000

9 Glenville Street for $1,150,000

48 Walsh Lane for $6,000,000

343 Sound Beach Avenue for $2,000,000

52 Nicholas Avenue for $630,000

151 Park Avenue for $3,200,000

35 Wildwood Drive for $1,050,000

50 Locust Street for $857,000

3 Juniper Lane for $2,895,000

73 Bowman Drive for $1,745,000

207 Round Hill Road for $2,050,000

11 Deer Park Court for $6,210,000

41 Baldwin Farms N for $2,750,000

19 Richmond Drive for $1,145,000

372 Cedar Hill for $2,992,500

390 Round Hill Road for $5,495,000