““July 2018 is up 40% in sales from last year! There were seventy-six sales July 2018, from fifty-four last year. The median sale price had a 12% increase from $1,633,250 in July 2017 to $1,837,500 this year. The number of new listings that came on the market in July 2018 increased by 40% to seventy-seven from fifty-five last year. Greenwich remains the strongest sector from the beginning of the year, with thirty-nine sales. Riverside was runner-up, closing in on fifteen sales. Condo/Co-Op sales had eighteen closings, with a median sale price of $590,000. Current pending sales for Single Family homes are fifty-one and nine for Condo/Co-Op. July was a very active month and did not show signs of slowing down for the summer. With only a few weeks left of August, it is hopeful that we can finish this month off as strong as we did in July”, stated BK Bates, 2018 President of the Greenwich Association of REALTORS®.”
