2007 Snapshot Of Annual Sales Data
Condominium Sales - Outside of Central Greenwich

ALL Condominium Sales - Within The 06831, 06870, 06878, 06807 Zip Codes - "Outside Central Greenwich"

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Calendar Year	# of Units Sold	Average Sale Price	Median Sale Price	Lowest Sale Price	Highest Sale Price	Average Time On Market	Sale Price/ List Price %
2004	100	$609,237	$547,750	$240,000	$1,650,000	59 days	98.3%
2005	120	$705,681	$629,000	$335,000	$1,760,027	96 days	97.4%
2006	81	$779,558	$730,000	$335,000	$2,900,000	146 days	97.0%
2007	88	$748,283	$699,500	$319,400	$1,870,000	156 days	96.5%

NOTES:

1. Average time on the market was approximately 5 months (156 days)
2. 88 transactions is a pace of 7.33 sales per month.
3. The sale price/list price ratio was 96.5% which means that most homes are selling within 3.5% of their asking prices.

Special Note: When considering averages, it is important to keep in mind that, statistically speaking, a person standing with one foot in a roaring fire and the other foot in a bucket of ice water, is ("on the average") said to be quite comfortable.

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© Copyright 2007 William Boeckelman Publications