Mansions are selling at a record clip in Greenwich, Conn.

Brokers in this affluent enclave are seeing some serious green. 

The luxury home market in Greenwich, Connecticut is booming this year, already setting a sales record before year-end.

There. a total of 25 homes priced over $10 million have sold in the idyllic town through August, Bloomberg reported, representing the highest sum for any full year since 1999. 

The reported data, collected by Compass agent Mark Pruner, is a testament to the prosperity of the suburb’s residents, whose wallets often grow in tandem with Wall Street. 

A swath of the upscale suburb’s inhabitants make daily commutes to Manhattan’s bustling Financial District. Local realtors reported to Bloomberg that these buyers are eager to strike while the market is hot, choosing to cash in on their stock gains now rather than hold out for less certain returns. 

The current sales pace suggests that this year will end with more than double the 17 luxury sales recorded in 2024, according to Bloomberg.

Pruner estimated that, should the accelerated clip continue, the $10 million-plus tier of home sales could generate a whopping $579 million by the end of the year. Such a showing would demolish the previous record of $314 million set in 2023. 

The gangbuster year is exceeding what the town saw during the 2007 real estate bubble and even the pandemic-driven buying surge, Pruner told Bloomberg.

Beyond the spoils of stock market successes, Pruner tied the increased momentum to political fears of New York elites, some of whom fear market upheaval should democratic mayoral candidate Zohran Mamdani claim victory in November.

Michele Tesei, an agent with Houlihan Lawrence in Greenwich, recently brokered the August sale of a $43 million custom-built mansion. The buyers were former New Yorkers, Tesei told Bloomberg.

The 8-acre property, located at 214 Clapboard Ridge Road, rises three-stories with a glass elevator, eight fireplaces and a limestone foyer. It was originally listed for $55 million and went under contract in just 42 days — a rarity for very high-end listings.

Tesei told the outlet that she always advises her luxury property clients to not expect a quick sale, and instead prepare for waits lasting 200 days to a full year. 

“We’ve seen sales way quicker than that,” Tesei told the outlet.

Tesei said several of its potential buyers were surprisingly young, couples under 40. Generational inheritances between baby boomers and their children are an additional buoy behind perky luxury sales across markets.  

Record-breaking sales of luxury mansions contrast with continued stagnation in the broader real estate market.

The average homebuyer, often reliant on financing, has been hamstrung by elevated borrowing costs, while the most affluent home shoppers, who prefer to pay in cash, can forge ahead.

Home sales across the country showed signs of stagnation throughout the summer — compared to the market highs of recent years — as supply stacked up. Such a return to market equilibrium is welcome news for the average buyer, but Americans’ reported ideal salary still isn’t enough to afford a median-priced home in nearly all 50 states, according to a recent survey, 

The Hamptons also reached its own milestone in the first quarter of the year, when median home prices there exceeded $2 million for the first time ever, Bloomberg reported. The East End has maintained those near-record levels since then. 

Manhattan is no exception, either. Despite reported market anxiety among the city’s elite, the city’s luxury market had its best first quarter in six years at the outset of 2025. Records were continually set through the spring and summer months, as well.