Waterfront Properties Greenwich
Waterfront properties in Greenwich, CT, are always in demand. This seaside town is less than an hour to NYC by train and has that enchanting New England charm that locals and tourists love. It’s an idyllic community with restaurants, coffee shops, and parks. It’s often referred to as the “hedge fund capital” because of the frequent purchases by business and finance professionals.
This coastal hideaway offers respite from the hustle and bustle of city life. Since waterfront properties maintain their value well, it’s an investment. According to Realtor.com, As of March 2023, there are roughly 35 homes and lots listed for sale. It starts in the mid to upper $600s for a quaint 1100+ sq. ft. property on a 6500+ sq. ft. lot close to the river. It reaches $150M for a 1300+ sq. ft. property on a 50-acre lot on the coast of Cos Cob Harbor.
Rockethomes.com reports that, as of February 2023, it’s a buyer’s market. They detail a .7% drop year-over-year, with median home values at $1.6M+. They also add that the # of homes sold has dropped 52.2% in that same year, with the average time on the market increasing by 5.9%. This is actually a difference of a day, but altogether, it illustrates the high demand for housing in this water community.
Anyone looking to get in or out of this market has their work cut out for them. As experienced professionals in this market, we represent buyers and sellers consistently and frequently. We know what it takes to help our clients find their dream homes at a supportable price or sell their homes quickly for the full market value. We can help you as well.
More details about this market: https://www.rockethomes.com/real-estate-trends/ct/greenwich
- Buy or sell waterfront properties in Greenwich with help from local real estate pros.
