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Elliman is the largest brokerage in the New York metropolitan area and one of the largest residential real estate brokerages in the U.S.
The county's median sales price for luxury housing was up 6.2% from the previous year.
Greenwich recorded the highest average fourth quarter sales price for a single-family home at $2.16 million.
"It's encouraging to see Fairfield County sales up this quarter as well as the decrease in inventory," said Scott Elwell at Douglas Elliman Real Estate.
The average size of a luxury sale has shrunk annually for four of the past five quarters.
Today’s buyer in Westchester County, along with Fairfield County and the Hudson Valley, is more likely to be cautious and well-researched. They're more often willing to give up square footage or acreage to be in more convenient communities with access to transit.
In the luxury market, the average fourth-quarter sales price of $2.98 million was up from the $2.13 million level of the previous year.
Third-quarter property sales were down less than 0.5 percent year over year across the region.
In two days, six top real estate agents resigned from Douglas Elliman. All six went to work across Main Street at rival firm William Raveis Real Estate.
Sales activity within the Fairfield County residential market ended 2016 with something of a whimper, according to new data released by Douglas Elliman Real...
Third-quarter property sales were up 7 percent year-over-year across the region, with 5,644 residential sales in Westchester, Putnam, Rockland and Orange counties.
In addition to hosting a show on ABC, Jennings' background includes being a four-time gold medalist in regional and sectional U.S. figure skating.
A big increase in the amount of luxury homes on the market leads to lower sales prices in that group.