2nd Quarter 2012 Real Estate Market Report for Greenwich, Connecticut.

2nd Quarter 2012 Real Estate Market Report for Greenwich, Connecticut.

July 16, 2012.

Currently on the Greenwich MLS there are a total of 723 listing with 581 of them being single family homes which are very close to last year’s numbers for the same time period.

In the single family group prices start at $385,000 for a one bedroom, 1 bath cottage on 0.45 acres. At the other end of the spectrum the highest priced home is at $32,995,000 with a 15,862 square foot Elizabethan style Tudor home on 75.70 acres.

*Market statistics from the Greenwich MLS for single family homes show that:-

~ Year to date homes sold are down 32.38% from YTD 2011. With 252 sold YTD June 2012 compared to 305 YTD June 2011.

~ For the month of June 71 units sold down from 105 in June 2011 (-32.4%).

~ Median sales price for June $1,494,000 down 11.1% from June 2011, $1,680,000

~ Year to Date median sale price is down 11.1% from YTD June 2011 of $1,800,000 to $YTD June 2012 of $1,600,000.

With last week’s mortgage rates yet again hitting a new low and with current home prices if you are considering buying a home in Greenwich, Connecticut or lower Fairfield County please call me, David Popoff, 203-228-0646. E-mail DavidPopoffCt@hotmail.com

Greenwich, Connecticut is the southernmost and westernmost municipality in Connecticut and is a 38+ minute Metro North train (express) ride to Grand Central Terminal in Manhattan. The total area is 67.2 square miles with 47.8 sq mi being land and 19.4 sq mi being water with a population of 61,171 (2010 census). Greenwich is made up of 5 zip codes:-

06830 ~ Greenwich

06831 ~ Glenville

06870 ~ Old Greenwich

06878 ~ Riverside

06807 ~ Cos Cob

Median Price: is half are below, half are above

Average Price: are all sold prices are added together into a sum; the sum is then divided by the number of houses that sold.

*The statistics presented are compiled on figures and data generated by GREENWICH MLS. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data is derived from GREENWICH MLS is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.

David Popoff is a Connecticut license real estate agent in lower Fairfield County. He has lived and worked in the area for over 30 years and now reside in Darien since 2004.

• Member of the Multiple Listing Service, MLS.
• Darien
•  Greenwich
•  Greater Fairfield County
• Member of the Connecticut Association of Realtors, CAR.
• Member of the National Association of Realtors, NAR.
• Contact David Popoff for all your real estate needs in Darien, Greenwich, New Canaan, Rowayton and the rest of lower Fairfield County.