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MARKET UPDATE | YEAR END 2013 GREENWICH, CT THE GREENWICH RESIDENTIAL REAL ESTATE MARKET continued its steady improvement throughout 2013. The market experienced strong sales growth in the number of single family homes sold, increasing 10.9 percent to 643 from 580 in 2012.* This significant increase reflects a further return to a healthy local market. The average sale price for single-family houses dropped 9.6 percent to $2,249,291. Most price categories saw average sales growth keeping pace with the previous year’s sales, except for the booming $1 million to $3 million range which increased a remarkable 35.6 percent. There were 8 sales over $10 million, down from 14 in 2012, and one $25 million sale in 2013. Total sales in 2013, at $1.6 billion, exceeded the total sales of 2012 by $101 million, or 6.8 percent. Continuing the trend of recent years, Old Greenwich, Riverside remain highly desirable neighborhoods. Total single-family sales in Riverside increased 19.7 percent to 152 ABOUT OUR AREA Greenwich, the gateway to New England, is a terrific place to live and enjoy. Residents of our premier community revel in its parks, beaches and sailing on Long Island Sound; Backcountry horseback riding and hiking among other outdoor activities; terrific public and private schools and a sophisticated social scene. With its easy and convenient access to New York City, either by train or car, Greenwich continues to be one of the best towns in America. GREENWICH BROKERAGE t: 203.869.4343 One Pickwich Plaza Greenwich, CT 06830 from 127 in 2012. Old Greenwich single-family sales between $1 million and $3 million increased 51 percent to 74 from 49 in 2012. We wish everyone a healthy and prosperous 2014 and welcome you to contact us with your real estate needs. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers.We are happy to work with them and cooperate fully. *All figures as reported by the Greenwich MLS (12/31/13). Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark. Equal Housing Opportunity.

Greenwich Market Update Year-End 2013

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