Greens Farms Real Estate - 2007 Yearend Update
Hot, Hot, Hot! That's the best description of the Greens Farms Real Estate Market. Home Values are shooting skyward faster than a Flash Gordon rocket! Obviously, this neighborhood in Westport, CT is not impacted in the least by the nationwide Mortgage Crisis.
Unit Sales are up over 20% from last year. Amazingly, the Median Price and Average Selling Price are both up over 56% from two years ago. This could well be the hottest Real Estate market in the country. Three of the top five sales went for over Asking Price. Here are the top two examples: 65 Turkey Hill - Martha Stewarts former abode - had an Asking Price of $4.5 Million and sold for $6.7 Million while 132 Beachside was Asking $9 Million and closed at $10.4 Million. This is one Red Hot Market!
If you would like more details on Homes for Sale in Westport and Greens Farms or on recently sold properties, please visit my web site at http://www.tetreau.com/
Greens Farms Update | |||||
Year to Date Sales of Single Family Homes | |||||
As of December 31 | |||||
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| 2007 | 2006 | 07 vs 06 | 2005 | 07 vs 05 |
Closes | 47 | 39 | 21% | 47 | 0% |
Median Price | $1,775,000 | $1,525,000 | 16% | $1,140,000 | 56% |
Avg Selling Price | $2,223,253 | $2,227,013 | 0% | $1,407,521 | 58% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate | |||||
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