The Greenwich office of Houlihan Lawrence, which opened in 2013 on West Putnam Avenue, reported recently “an invigorated” Greenwich residential real estate market for the first quarter.
According to the Houlihan Lawrence “Greenwich Q1 Market Report,” which the company summarized in a statement, “buyers are ready to seal the deal.” The report also said:
”¢ The hottest sector now is the $1 million to $1.99 million range, with a 36 percent increase in pending home sales compared with the first quarter of 2014.
”¢ There is less competition for buyers’ attention, meaning “properties will stand out.”
Ӣ There are faster sales at higher prices for homes north of the Merritt Parkway; average days on the market in the area fell more than 30 percent compared with a year ago.
”¢ Activity south of Post Road “was fierce this winter,” with pending home sales up 71 percent and inventory down by 13 percent from the first quarter of 2014.
Ӣ Old Greenwich is experiencing a spike in pending homes sales, up 60 percent.
The company also reported the market”™s median sale price of $2.05 million for March was up 5.5 percent from February.
