Greenwich homes are selling faster than ever, with average days on market at historically low levels. Although year-to-date single-family home sales are still higher than the 10-year average, low inventory is still preventing sales numbers from being where they could be.
How strong is buyer demand right now? Greenwich has record-low inventory but YTD single-family home sales are still higher than every year in the last decade except 2021 (an outlier because of COVID.)
However, strong competition shouldn't discourage buyers. With the right offer and guidance, you can still get the home of your dreams. About a week and half ago, our clients closed on 90 Lockwood, a beautiful four-bedroom home in the heart of Riverside. We were happy we could help them craft the winning bid in a multiple offer situation.
If you're interested in buying or selling a home, call us today for winning strategies in this unusual market filled with unique opportunities for both sellers and buyers.
For price and DOM trends over the last eight years,
Click here to see the latest Market Reports
MARCH 2022 GREENWICH PROPERTY TRANSFERS:
65 Clapboard Ridge Road, Greenwich, CT for $8.75M
47 Birch Lane, Greenwich, CT for $4.512M
15 Sherwood Farm Lane, Greenwich, CT for $4.5M
30 Beechcroft Road, Greenwich, CT for $3.395M
61 Morningside Drive, Greenwich, CT for $3.2M
90 Lockwood Road, Riverside, CT for $2.6125M
104 E Elm Street Unit 2, Greenwich, CT for $2.425M
10 Birchwood Drive, Greenwich, CT for $2.275M
55 Burning Tree Road, Greenwich, CT for $1.95M
51 Forest Avenue Unit 30, Old Greenwich, CT for $1.51M
5 Webb Avenue, Old Greenwich, CT for $1.405M
4 Wyndover Lane, Cos Cob, CT for $1.3M