Greenwich News


Data shows home values in Greenwich increasing

31 Aug 2012 10:02 AM
Data shows home values in Greenwich increasing

Greenwich is an ideal place to live for many residents due to its notable cultural attractions, including the Bruce Museum, Greenwich Symphony Orchestra and other artistic venues. In addition to the quality of these amenities, the city recently has seen prices for many of its homes increase, which the Greenwich Citizen notes is a reflection of the condition and location of these properties.

According to the news source, 376 properties have sold between January and August 2012. Additionally, properties are currently selling between a price range of $335,000 and $14.1 million, and the 2012 average cost for homes in this city is $2,290,861.

Those interested in luxury homes can find high-quality properties throughout the city, many of which have increased in value over the past few years. The news source states that the median price for homes in this city is $1,621,250, a figure that has gone up since the 2010 town-wide revaluation. The median home price for Greenwich properties in 2010 was $997,498, Money Magazine notes.

In addition to its impressive properties, moving to Greenwich gives you access to numerous cultural venues nearby, including the Lincoln Center for the Performing Arts, Shubert Theater and Stamford Museum and Nature Center.