Market Data: February Unit Sales & Prices Drop in Greenwich, CT

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Real Estate Agent with Prudential Connecticut Realty

February sales in Greenwich dropped from the same period a year ago.  Twenty-six single family homes sold, compared to 29 in February of 2007.  That's a 10% decline and follows a 42% decline in January 2008.  Average prices declined nearly 13% to $2,133,000.  Median prices fell $10.5% in the month.  One highlight in February was a $10.1 million sale in back country Greenwich. 

Despite the seemingly poor start to the new real estate year, we have seen a real uptick in people coming out and looking so hopefully March will help improve the overall quarterly statistics. 

 

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