Real Estate
Greenwich Mansion Listings Pulled to Wait for a Better Day
- Inventory of luxury homes tumbles 31% while sales slip 13%
- Condo purchases jump 35%, signaling ‘small is the new big’
Greenwich Connecticut.
Photographer: Brooks Kraft/Corbis via Getty ImagesListings of mansions in Greenwich have dropped for the past four quarters. But this time it wasn’t because sales were brisk.
Luxury-home listings in the Connecticut town plunged 31 percent from a year earlier, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. That’s largely because sellers who failed to get their hoped-for price quit trying to find buyers and took their properties off the market to wait for a better day.