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I am very excited to announce that I have been recruited by Redfin to build their Southern Fairfield County presence. Redfin is a tech-powered real estate brokerage that's redefining real estate in the consumer's favor. In the past several weeks I have been transitioning and onboarding. Hence, the lack of posts. I chose Redfin because of their technology and how completely customer centric they are. They give a 1% discount on all listings off the top, and their breadth of marketing and viewer traffic on their website is second to none. They are the number one brokerage with 34 million visitors monthly. That being said I love their RedEstimate for seeing the market and the value of your home. If, you search your home they give an estimate of the price.
At Redfin, technology allows me to take a more strategic approach and focus on what really matters to every customer. Plus, sellers pay a lower fee when they sell with Redfin (subject to minimum commission)
I’d be delighted to continue working with you on all of your real estate needs. Please don't hesitate to get in touch if you have any questions!
Address Town Price Time Broker
45 Sound Beach Old Greenwich $7.9K 1-3 p.m. Sotheby's
93 Summit Riverside $15K 12-2:30 p.m. Sotheby's
52 Lafayette 3I Greenwich $389K 2-4 p.m. Coldwell Banker
11 Zygmont Greenwich $1.1995M 12-2 p.m. Houlihan Lawrence
99 Greenwich Hills 99 Greenwich $1.225M 1-3 p.m. Raveis
45 Sound Beach Old Greenwich $1.675M 1-3 p.m. Sotheby's
430 Riversville Greenwich $1.85M 1-3 p.m. Sotheby's
284 Riversville Greenwich $1.85M 1-3 p.m. Raveis
71 Harding Old Greenwich $1.875M 1-3 p.m. Houlihan Lawrence
6 Willow Old Greenwich $2.195M 1-3 p.m. Houlihan Lawrence
23 Pleasant Riverside $2.295M 1-3 p.m. BHHS
20 Linwood Riverside $2.395M 1-3 p.m. Houlihan Lawrence
13 Chapel Riverside $2.699M 1-4 p.m. Compass
25 Lockwood Old Greenwich $2.795M 1-3 p.m. Corcoran
11 Meyer Riverside $3.135M 1-3 p.m. Houlihan Lawrence
8 Pinecrest Riverside $3.195M 1-3 p.m. BHHS
17 Rustic View Greenwich $3.895M 12-3 p.m. Corcoran
2 Roosevelt Old Greenwich $3.895M 2-4 p.m. Houlihan Lawrence
See the above graph for the Year over Year single family home sales in Greenwich. The Greenwich Association of REALTORS® announces the statistics for home sales for the month of February 2024 according to figures provided by the Greenwich Multiple Listing Service, Inc. The Greenwich MLS and Greenwich real estate is the most accurate and comprehensive resource of active inventory and property listing data across all five zip codes of the Town of Greenwich.
Single-Family Home Sales
There were 17 single-family residential closings reported across all areas of Greenwich during the month of February 2024 This figure increased 13.3% as compared to February 2023 when there were 15 closings.
The Median Sale Price for a single-family home increased 40% to $3,350,000 from the median sales price in February 2023, which was $2,376,000.
The average Days On Market (DOM) for residential homes was 57 days; which was a 60% decrease from 144 days in February 2023.
There were 56 new single-family listings brought to the market in February 2024, which is a 19% increase in New Listings when compared to February 2023 when there were 47. At month-end, Active single-family inventory totaled 136 units, which is a 26.9% decrease from February 2023 when there were 186 units available.
Condominium and Co-op Sales
There were 10 condo/co-op residential closings reported across all areas of Greenwich during the month of February 2024. This figure decreased 41% as compared to February 2023 when there were 14 closings.
The Median Sale Price for a condo/co-op increased 18.9% to $832,500 from the median sales price in February 2023, which was $700,000.
The average Days On Market (DOM) for condo/co-op residential homes was 32, which was a 52% decrease from 68 days in February 2023.
There were 14 new condo/co-op units brought to the market in February 2024, which is the same number of new listings when compared to February 2023. At month-end, Active condo/co-op inventory totaled 29 units, which is a 39.6% decrease from February 2023 when there were 48 units available.
"In terms of median price, single family homes in the Town of Greenwich saw a 40% increase throughout February 2024, ending the month at $3,350,000, as compared to the same month year prior $2,376,000. Condo/Co-op median price saw an increase of 18%, finishing the month at $832,500, as compared to the same month year prior $700,000” stated Bryan Tunney, 2024 President of the Greenwich Association of REALTORS®.
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Jared Randall
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