Greenwich is preparing a Bicycle Master Plan for the town
Greenwich, Connecticut, established in 1642, is one of the oldest cities in the United States. Greenwich is a well-known small town of seven hamlets running along 32 miles of shoreline. Many artists, entertainers, business professionals and families make this port town their home. Since before the Revolutionary War citizens have been proud to call Greenwich home.
Greenwich real estate is a great investment. Aside from a thriving economy and some of the lowest property tax rates in Connecticut, Greenwich offers quality schools in the midst of an abundance of cultural and recreation opportunities.
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| Population 61,101 | Median Age 40.2 yrs | Household Size: 2.60 |
| Avg Commute: 30.3 min | Avg Income $99,086 | Avg Home Value: $781,500 |
Greenwich Real Estate
Greenwich, Conn., is a charming and vibrant town located on Long Island Sound, 30 miles east of New York City. The town has many cultural and recreation opportunities, as well as 15 outstanding schools with approximately 8,900 students. Greenwich real estate owners take pride in the city’s fiscal responsibility, spirit of volunteerism and pristine natural setting. Furthermore, the real estate market in Greenwich is active, with a variety of housing options. In the city you can find apartments, condos, multi-family homes, waterfront properties, country homes and large estates, all within a wide price range. Greenwich is a great place to live for people of a range of different incomes. In fact, a recent Robb Report rated Greenwich first among the top 10 places to live in America.
Economy
Greenwich’s economy is thriving. A significant portion of Greenwich real estate owners chose the city because it is home to about a dozen of the 100 largest corporations in Connecticut. The leading industries in the city are financial services, real estate, retail, home construction and home renovation.
Greenwich also offers one of the lowest tax rates in the region. Furthermore, property tax rates in the city are among the lowest in the state. Perhaps this is because Greenwich prides itself on fiscal responsibility, as illustrated by its adherence to a “pay-as-you-go” philosophy.
Recreation
Greenwich provides its residents with a rich variety of recreation opportunities. The city has 8,000 acres of protected land, including 32 miles of coast, 20 parks, four beaches and a municipal golf course. Also available are golf, tennis, lawn bowling, croquet, baseball, softball and soccer. Residents also enjoy the local yacht club as well as horseback riding in the wooded areas surrounding Greenwich.
Real Estate
The value of all Greenwich real estate exceeds $28 billion, the highest in Connecticut. This attests to the high level of real estate activity in Greenwich. The median price of a home in Greenwich is around $1.1 million, and the mean price of a home is around $1.7 million. A diverse mix of housing opportunities exist within the Greenwich real estate market, including apartments, condos, multi-family homes, waterfront properties, country homes and large estates. At the moment, the lowest priced single-family home in Greenwich is priced at $649,000, which has four bedrooms and two baths, while the most expensive home in Greenwich is at $35 million with four bedrooms and four bathrooms on 11.42 acres. Condos in the city range from around $345,000 for a one bedroom, one bath, to around $3.7 million for a three bedroom, four bath.
There is obviously something for everyone in the Greenwich real estate market. Furthermore, its close proximity to New York City, excellent school system, many recreation and cultural opportunities combined with its reasonable property tax rates make Greenwich a popular choice for many different people.
By Brandon Gorrell
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®