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Analyzing Recent Home Sales in Greenwich

Greenwich, CT, is renowned for its affluent neighborhoods, proximity to Manhattan, and high-quality lifestyle.<br><br><br>The real estate market remains robust, with a median home sale price of $2.5 million as of January 2025, marking a 20% increase year-over-year.<br><br><br>homes with pools in Greenwich, CT are particularly sought after, with 121 such properties currently listed at a median price of $3.6 million.<br>

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Analyzing Recent Home Sales in Greenwich

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  1. Analyzing Recent Home Sales in Greenwich

  2. Introduction • Greenwich, CT, is renowned for its affluent neighborhoods, proximity to Manhattan, and high-quality lifestyle. • The real estate market remains robust, with a median home sale price of $2.5 million as of January 2025, marking a 20% increase year-over-year. • homes with pools in Greenwich, CT are particularly sought after, with 121 such properties currently listed at a median price of $3.6 million.

  3. Market Trends – Sales Volume & Pricing • In 2024, Greenwich recorded 500 single-family home sales via the Greenwich MLS, supplemented by 97 off-market transactions. • The average home price stands at approximately $3.3 million, with luxury homes (over $3 million) comprising over 70% of the market. • Despite a slight dip in the number of homes sold compared to the previous year, prices have continued to rise, reflecting sustained demand.

  4. Inventory & Buyer Behavior • As of January 2025, only 85 single-family homes were available, indicating a significant inventory shortage. • Homes priced under $3 million are experiencing rapid sales due to high demand from first-time buyers and downsizers. • Conversely, properties over $3 million are witnessing slower sales, attributed to less demand and pricing mismatches. • The limited inventory has led to competitive bidding, with some homes receiving multiple offers.

  5. Spotlight on Homes with Pools • Currently, there are 121 homes with pools listed in Greenwich, with a median listing price of $3.6 million. • These properties often feature luxury amenities, contributing to their higher average price point. • The demand for homes with pools remains strong, reflecting buyers' preferences for private recreational spaces

  6. Conclusion • The Greenwich real estate market continues to thrive, characterized by high demand and limited inventory. • For buyers, especially those interested in homes with pools, it's crucial to act swiftly and be prepared for competitive bidding scenarios. • Sellers can capitalize on the current market conditions by pricing their properties appropriately to attract serious buyers. • Engaging with a knowledgeable local real estate agent is essential for anyone considering buying or selling a property in Greenwich.

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