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.