Greenwich Real Estate - Greenwich Real Estate for Greenwich, CT Homes and Apartments

Overview

The Real Estate Scoop On Greenwich

Greenwich, Connecticut is a very resiliant and expensive US Real Estate market. It has the highest wealth value in Connecticut at over $430,000 per person. Depending on the statistics used, the northern towns of Darien, New Canaan, and Weston may be considered wealthier.

For the latest Greenwich Real Estate Market Conditions including many useful, current charts and graphs, check the William Raveis Housing Data Report Powered By RealtyMarketUpdate.

It is not uncommon to see Porsche, Ferraris, Bentley, Mercedes, BMW, Audi, Rolls Royces, Maseratis, Aston Martins, and Lotus automobiles about Greenwich, as most of these manufacturers have local dealerships in town.

Greenwich has many fine high-end restaurants, but for more casual fare nearby Stamford is likely a better choice.

Regis Philbin, Kathie Lee and Frank Gifford, Ron Howard, Tommy Hilfiger, Diana Ross, Matt Lauer are all notable Greenwich residents, although many more, including Donald Trump and Leona Helmsey, maintain residences here as well.

Greenwich does have some waterfront property on Long Island Sound as well as along the Mianus River. It also has its own beach - Greenwich Point Park Beach - which is only available to Greenwich residents with a pass. In the winter the beach is very popular among dog owners - dogs are permitted through March.

The towns which encompass greater Greenwich also have some of the finest public schools in the country.

The median home price for a home in Greenwich as of 2007 was over $1.9M with average property taxes over $8000. The median family income in Greenwich is over $150,000 annually. The average Greenwich resident is approximately 41 years old, married, and college-educated. Both personal and property crime is low.

Greenwich is notable for being the the headquarters for many of the largest hedge funds in the world. As a result, a great deal of Greenwich residents either work in town or commute to Wall St. as stockbrokers, financial advisors, bankers, and traders.

Greenwich has one of the most elite shopping centers north of Manhattan right on Greenwich Avenue. Many upscale retailers including Tiffany's and Saks Fifth Avenue have locations on this street, as well as most of the more common retailers such as Gap, J Crew, etc.

Commuter Rail

Greenwich, Connecticut is 28.1 miles north of Manhattan's Grand Central Terminal via Metro-North Commuter Rail. An express train takes about 37 minutes. Local stations include Port Chester, Greenwich, Cos Cob, Riverside, Old Greenwich, and Stamford. Connecting service to Amtrack is available at the Stamford station.

Taxes

The state of Connecticut has a sales tax rate of 6%, and an income tax rate of 3-5%. Property taxes are assesed and collected locally - please refer to The Greenwich Accessor's Office: "In Connecticut, property tax rates are expressed in Mills, or thousandths of a dollar. A property tax rate of 7.763 mills (2006 mill rate), .007763 expressed in decimal form, or .00763 expressed as a percent of assessed value, results in the payment of $7.763 for each $1,000 of the properties assessed value. The Board of Estimate and Taxation sets the mill rate in May of every year in time for the July tax billing."

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