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Greenwich Home Purchases Soar to a Decade High on NYC Exodus

  • City-dwellers push up prices in search of quarantine comforts
  • Large Back Country estates become most sought-after properties
Greenwich Luxury Home Sales

Photographer: Daniel Acker/Bloomberg

Greenwich home sales had the strongest quarter in more than a decade as New Yorkers piled in, searching for extra space in the pandemic era.

Purchases of single-family houses jumped 70% in the third quarter from a year earlier to 311, the most for a three-month period in records dating back to early 2010, according to a report by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. The median price of those deals surged 18% to $2.13 million.