6 Plow Lane, Greenwich (off Old Church Rd) closes at $5,155,000, one of 17 such closings in this price category so far this year.
List: Joan Epand
Sell: Bryan Tunney
Let’s consider the price category of $5,000,000 to $6,000,000, shall we? Last year, on this date, we’d had 7 closings. So far this year, it’s 13. You mathematicians will instantly see we’ve almost doubled last year’s result.
For the entire year of 2016, 17 properties priced between $5M and $6M closed. For this year, I predict 30+.
So things are looking good, and yes, I know there are endless reasons why they shouldn’t be, but perhaps, as with the stock market, real estate climbs on a wall of worry? Who knows.