GREENWICH CT - famous for the 06830 zip code, international celebrities, billionaires and now the most expensive home sold in America.
Copper Beech Farm, a charming 50+ acre waterfront estate, was listed last spring for $190,000,000.
Residents of Greenwich and people across America took notice of this super luxury home and noted that while the property was the most expensive single-family home ever to be listed, it was doubtful that it would close at a nine-figure sum.
However, on April 11, 2014 the Conservation Institute purchased this spectacular estate for $120,000,000.
The reported sales figure makes Greenwich CT now home to the most expensive residential transaction in America.
March Property sales were 7, down -30.0% from 10 in March of 2013 and equal to 0.0% 7 sales last month. March 2014 sales were at their lowest level compared to March of 2013 and 2012. March YTD sales of 28 are running equal to last year's year-to-date sales of 28.
The Median Sales Price in March was $2,100,000, up 7.8% from $1,947,500 in March of 2013 and down -3.2% from $2,169,115 last month. The Average Sales Price in March was $1,947,857, down -41.6% from $3,334,250 in March of 2013 and down -22.3% from $2,508,416 last month. March 2014 ASP was at the lowest level compared to March of 2013 and 2012.
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 159, down -45.7% from 293 days last month and down -29.3% from 225 days in March of last year. The March 2014 DOM was at its lowest level compared with March of 2013 and 2012.
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The March 2014 Selling Price per Square Foot of $505 was down -3.8% from $525 last month and down -10.3% from $563 in March of last year.
Based on information from Greenwich Association of Realtors, Inc. for the period 1/1/2004 through 3/31/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.