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Sales of luxury residences in Greenwich quicken in Q4
Owners in Connecticut town become more amenable to negotiating on price
Add BT as a preferred sourcePublished Fri, Jan 20, 2017 · 09:50 PM
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New York
LUXURY residences in Greenwich, the Connecticut town that's home to hedge funds and Wall Street executives, sold at a quicker pace in the fourth quarter as owners became more amenable to negotiating on price.
Homes that sold in the top 10 per cent of the Greenwich market - those priced US$3.79 million or higher - spent an average of 164 days seeking a buyer, down from 281 days a year earlier, according to a report on Thursday by appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate.
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