Greenwich Luxury Home Sales Head for Record on Stock Rally

One of Wall Street’s favored communities is poised for a record-breaking year in luxury real estate, fueled in part by a prolonged bull market.

Greenwich, Connecticut, which is home to finance billionaires including Steve Cohen and Ray Dalio, has recorded three public sales over $20 million so far this year, with two more under contract, according to data collected by real estate agent Mark Pruner. That almost matches last year’s record of six sold publicly in that price range.

A Lake Avenue property in Greenwich, Connecticut, that sold for $21 million.

Source: Realty Plans

“A lot of what’s driving the market is Wall Street money — the Dow is up,” said Pruner, ...