Even though the pandemic fueled Greenwich's current seller's market, the end of the lockdown has not stopped the elevated demand. As Jonathan Miller, from the appraisal company Miller Samuel, noted in a recent New York Times interview, "Since the pandemic lockdown ended, [Greenwich] has been on a tear, seeing record sales levels and price growth."
The luxury market is doing particularly well. 2021 Q1 5M+ home sales increased by 400% year-over-year. In May, Backcountry, Midcountry, Old Greenwich, Riverside and South of the Post Road all saw YOY YTD increases in 5M+ homes under contract.
Why is Greenwich doing better than other markets? Miller posits that the reason is cash buyers. Underwriting on loans is significantly tighter than usual, even with low interest rates, and the pandemic was easier on those in positions with higher salaries. For further details about the Greenwich market, please click or swipe through the Sarsen Team June 2021 Greenwich Market Data below.
June Property Transfers
96 Conyers Farm Drive, Greenwich, CT for $8,500,000
396 Round Hill Road, Greenwich, CT for $8,250,000
22 Baldwin Farms South, Greenwich, CT for $8,000,000
9 Field Point Circle, Greenwich, CT for $7,900,000
51 Willowmere Circle, Riverside, CT for $7,647,500
7 Turner Drive, Greenwich, CT for $6,725,000
417 Field Point Road, Greenwich, CT for $6,600,000
76 Bush Avenue, Greenwich, CT for $6,300,000
31 Dublin Hill Drive, Greenwich, CT for $6,275,000
315 Stanwich Road, Greenwich, CT for $6,150,000
504 North Street, Greenwich, CT for $6,100,000
44 Patterson Avenue, Greenwich, CT for $6,000,000
47 Woodside Drive, Greenwich, CT for $5,995,000
450 Lake Avenue, Greenwich, CT for $5,900,000
247 Riverside Avenue, Riverside, CT for $5,600,000
139 Old Church Road, Greenwich, CT for $5,512,250
14 Baldwin Farms South, Greenwich, CT for $5,500,000
25 Upper Cross Road, Greenwich, CT for $5,475,000
59 Winthrop Drive, Riverside, CT for $5,450,000
326 Round Hill Road, Greenwich, CT for $5,085,000
513 Lake Avenue, Greenwich, CT for $4,950,000
1 Midwood Road, Greenwich, CT for $4,850,000
215 Clapboard Ridge Road, Greenwich, CT for $4,848,500
11 Kenilworth Terrace, Greenwich, CT for $4,641,000
140 Park Avenue, Greenwich, CT for $4,360,000
22 Frost Road, Greenwich, CT for $4,300,000
11 Bayberry Lane, Greenwich, CT for $4,300,000
610 Round Hill Road, Greenwich, CT for $3,950,000
12 Dialstone Lane, Riverside, CT for $3,795,000
23 Dublin Hill Drive, Greenwich, CT for $3,675,000
242 Riverside Avenue, Riverside, CT for $3,603,000
125 Field Point Road #B1, Greenwich, CT for $3,350,000
26 Red Top Road, Greenwich, CT for $3,350,000
1 Cedar Street, Greenwich, CT for $3,000,000
26 Chapel Lane, Riverside, CT for $2,650,000
14 Fox Run Lane, Greenwich, CT for $2,600,000
6 Shorehame Club Road, Old Greenwich for $2,495,000
6 Sheldrake Road, Greenwich, CT for $2,211,000
233 Milbank Avenue B, Greenwich, CT for $2,165,000
11 Indian Head Road, Riverside, CT for $2,050,000
11 Ben Court, Old Greenwich, CT for $1,915,030
80 Indian Harbor Drive, Greenwich, CT for $1,915,000
1 Lafrentz Road, Greenwich, CT for $1,888,750
23 Stanwich Road, Greenwich, CT for $1,800,000
34 Glen Road, Greenwich, CT for $1,750,000
143 1/2 Shore Road, Old Greenwich, CT for $1,750,000
1 Greenway Drive for $1,735,000
28 Center Drive for $1,730,000
4 Orchard Street, Cos Cob, CT for $1,500,000
2 Halsey Drive, Old Greenwich, CT for $1,495,000
81 Bible Street A, Cos Cob, CT for $1,475,000
45 Hillcrest Park Road, Old Greenwich, CT for $1,450,000
47 Indian Harbor Drive Unit 7, Greenwich CT for $1,350,000
55 Cross Lane, Cos Cob, CT for $1,350,000
7 Bible Street, Cos Cob, CT for $1,294,000
11 Leslie Avenue, Greenwich, CT for $1,237,500
16 Hawthorne Street South D, Greenwich, CT for $1,200,000
8 Thistle Lane, Greenwich, CT for $1,180,000
33 Sunshine Avenue, Riverside, CT for $1,110,000
51 Cross Lane, Cos Cob, CT for $1,100,000
1020 North Street for $1,025,000