Greenwich’s real estate market sucks.
While real estate agents are still calling 2009 one of the worst years ever in the Greenwich market, sales figures for October are at least ahead of 2008. According to the latest figures from both Shore & Country Properties and Prudential Connecticut Realty, there were 43 single-family home sales in October of this year, as opposed to 27 in 2008. Sales in the first 10 months of the year are down 33 percent from ‘08, versus 40 percent in the first nine months.
“If we get lucky in November and December our market might not end up as bad as many of us might have thought it would be at the beginning of 2009,” said Shore & Country owner Russell Pruner in an e-mail. “No matter what the final numbers show at yearend, 2009 will go down in history as the worst year for Greenwich real estate ever but I think you all already knew that.”
