Market
Report GREENWICH Q3-2022
Executive Summary
Buyer demand for homes in Greenwich, Connecticut, remained strong in the third quarter. A limited inventory of homes for buyers to choose from continued to be the headwind that constrained market performance. Although home sales declined 36% in the third quarter versus Q3 2021, they improved compared to Q2 2022. Also, the time it took to sell a home tightened to just 58 days on the market while median prices rose to more than $2.4M. Simply put, it remains an opportune time to sell a home in Greenwich.
The $5M - $6M price range was a highlight at the end of the quarter, with the distinction of being the only price category showing an increase in sales contracts versus 2021. The $10M+ market was the only price range showing an uptick in inventory, with 34 homes for sale compared to 20 a year ago.
So far this year, 535 single family homes have sold in Greenwich, Connecticut. Although less than in 2020 and 2021, this is a marked improvement from the seven years leading up to the pandemic.
Four of our sub-market geographies in town averaged selling prices at or above the asking price in the third quar ter, including Mid-Country and South of the Post Road in Greenwich, Riverside, and Old Greenwich. Old Green wich was the standout, with homes selling at more than 4% over the asking price in the quarter. Strategic pricing can often result in interest from multiple buyers, which can help push prices higher.
Houlihan Lawrence remains the #1 real estate brokerage serving our destination hometown of Greenwich, Con necticut. We are grateful for our community, loyal clients, world-class agents, and support staff.
With Warm Regards, Liz Nunan President and CEO203.869.0700 · 203.698.1234 · HOULIHANLAWRENCE.COM@AROUNDGREENWICH @AROUNDGREENWICH/GREENWICHCTREALESTATE
Source: 1/1/22 - 9/30/22, total sales both on and off MLS. Q3-2022 MARKET REPORT
GREENWICH, CT · $17,500,000 Magnificent English manor and guest house grace 4.17 gated acres with pool, terraces and gardens off coveted Round Hill Road. Exquisite renovation with stunning interiors embodies timeless beauty and a modern aesthetic. Very special and not to be missed. WEB# MR3042002
TABLE OF CONTENTS THIRD QUARTER 2022 GREATER GREENWICH SingleFamilyHomeOverview GREENWICH NorthoftheParkway GREENWICH SouthoftheParkway GREENWICH SouthofthePostRoad COS COB RIVERSIDE OLD GREENWICH GREATER GREENWICH CondominiumOverview HOULIHANLAWRENCE.COM
QUARTERLY MARKET OVERVIEW
HOMES SOLD
Q3
% CHANGE YTD
YTD
% CHANGE
320 -36.3% 535 834 -35.9%
AVERAGE SALE PRICE $3,130,587 $2,940,366 6.5% $3,104,528 $2,974,497 4.4%
MEDIAN SALE PRICE $2,411,250 $2,297,500 5.0% $2,475,000 $2,300,000 7.6%
AVERAGE PRICE PER SQUARE FOOT $717 $653 9.8% $694 $631 10.0%
AVERAGE DAYS ON MARKET
83 -30.1% 79 111 -28.8%
% SALE PRICE TO LIST PRICE 100.5% 98.5% 2.0% 99.8% 97.6% 2.3%
sold
HISTORY
year-to-date.
GREATER GREENWICH
2022 Q3 2021
2022
2021
204
58
TEN-YEAR MARKET
Average Sale Price $2,244,574 $2,688,907 $2,421,486 $2,203,756 $2,574,993 $2,393,006 $2,376,330 $2,667,708 $3,007,978 $3,104,528 Average Sale Price Average Price/SqFt $556 $611 $592 $564 $578 $563 $545 $557 $635 $694 Average Price/SqFt Days On Market 154 155 161 157 183 179 199 171 109 79 Days On Market %Sale Price to List Price 94.1 93.7 94.4 94.1 92.5 93.7 92.4 94.4 97.4 99.8 %Sale Price to List Price * Homes
for 2022 are annualized based on actual sales
SUPPLY DEMAND ANALYSIS
AS OF SEPTEMBER 30, 2022
PRICE RANGE
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
AS OF SEPTEMBER 30, 2021 2022 vs. 2021
SUPPLY/ DEMAND RATIO*
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
$0 - $999,999 11 4 3 20 13 2 -45.0% -69.2%
$1,000,000 - $1,999,999 43 11 4 57 32 2 -24.6% -65.6%
$2,000,000 - $2,999,999 36 18 2 47 19 2 -23.4% -5.3% $3,000,000 - $3,999,999 27 12 2 37 14 3 -27.0% -14.3% $4,000,000 - $4,999,999 28 5 6 29 8 4 -3.4% -37.5%
$5,000,000 - $5,999,999 18 7 3 18 3 6 0.0% 133.3%
$6,000,000 - $7,999,999 17 9 2 26 9 3 -34.6% 0.0%
$8,000,000 - $9,999,999 11
MarketTotals
YEAR-TO-DATE
01/01/202209/30/2022
$0 - $999,999
$1,000,000 - $1,999,999
70.0% -100.0%
3 -15.4% -75.0% $10,000,000 and up
-15.7% -35.0%
SOLD PROPERTIES
YEAR-OVER-YEAR
01/01/202109/30/2021 % CHANGE 2022/2021 10/01/202109/30/2022 10/01/202009/30/2021 % CHANGE 2022/2021
-40.4%
124 -41.1%
335 -37.9% $2,000,000 - $2,999,999 116
-34.6%
-46.0% 157 274 -42.7% $3,000,000 - $3,999,999
127 -44.9% 90 166 -45.8% $4,000,000 - $4,999,999
-3.4%
$5,000,000 - $5,999,999
74 -8.1%
0.0% $6,000,000 - $7,999,999
$8,000,000 - $9,999,999
2.9%
-36.0%
61 -34.4%
21 -28.6% $10,000,000 and up
-26.7%
-33.3% MarketTotals
GREATER GREENWICH -36.7%
Source:
-27.3%
-35.9%
1 11 13 4
34 0 Not Valid 20 1 20
225 67 3 267 103 3
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
53 89
73
153 234
208
215
70
56 58
68
36 35
44 44
32 50
40
11 15
15
8 11
12 18
535 834
707 1117
Greenwich Multiple Listing Service, Single-family homes
QUARTERLY MARKET OVERVIEW
Q3
HOMES SOLD
Q3
% CHANGE YTD
YTD
% CHANGE
27 -7.4% 63 81 -22.2%
AVERAGE SALE PRICE $3,689,278 $4,135,212 -10.8% $3,605,774 $4,057,577 -11.1%
MEDIAN SALE PRICE $3,185,811 $3,100,000 2.8% $2,975,000 $3,000,000 -0.8%
AVERAGE PRICE PER SQUARE FOOT $631 $602 4.8% $606 $565 7.3%
AVERAGE DAYS ON MARKET
% SALE PRICE TO
212 -46.2% 111 168 -33.9%
PRICE 97.1% 97.1% 0.0% 96.6% 96.1% 0.5%
HISTORY
year-to-date.
GREENWICH NORTH OF THE PARKWAY
2022
2021
2022
2021
25
114
LIST
TEN-YEAR MARKET
Average Sale Price $3,106,132 $4,136,921 $2,834,463 $2,939,222 $3,590,745 $3,264,086 $3,156,247 $2,851,219 $3,953,143 $3,605,774 Average Sale Price Average Price/SqFt $525 $559 $524 $470 $501 $495 $503 $455 $552 $606 Average Price/SqFt Days On Market 281 321 250 237 310 210 251 231 169 111 Days On Market %Sale Price to List Price 91.5 90.5 92.7 91.8 85.7 91.9 90.1 94.2 96.5 96.6 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales
SUPPLY DEMAND ANALYSIS
AS OF SEPTEMBER 30, 2022
PRICE RANGE
$0 - $999,999
$1,000,000 - $1,999,999
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
OF THE PARKWAY
$2,000,000 - $2,999,999
$4,000,000 - $4,999,999
$5,000,000 - $5,999,999
SUPPLY/ DEMAND RATIO*
AS OF SEPTEMBER 30, 2021
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
2022 vs. 2021
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
0.0% 0.0%
Not Valid -44.4% 0.0%
-33.3% 0.0% $3,000,000 - $3,999,999
Not Valid
Not Valid
$6,000,000 - $7,999,999
$10,000,000 and up
$0 - $999,999
$1,000,000 - $1,999,999
YEAR-TO-DATE
01/01/202209/30/2022
-25.0% -33.3%
83.3% -100.0%
100.0% -100.0%
-28.6% 0.0% $8,000,000 - $9,999,999
Not Valid
Valid
Not Valid
20.0% -100.0%
01/01/202109/30/2021
PROPERTIES
YEAR-OVER-YEAR
CHANGE 2022/2021 10/01/202109/30/2022 10/01/202009/30/2021
-80.0%
87.5%
$2,000,000 - $2,999,999
CHANGE 2022/2021
-66.7%
19 -5.3%
-41.9% $3,000,000 - $3,999,999
$5,000,000 - $5,999,999
$6,000,000 - $7,999,999
-38.5%
-35.3%
-12.5%
-33.3%
100.0%
$8,000,000 - $9,999,999
-25.0%
-40.0% $4,000,000 - $4,999,999
-14.3%
100.0%
-100.0%
-50.0%
GREENWICH NORTH -22.2%
-66.7%
-85.7% $10,000,000 and
-32.5%
0 1 0 0 1 0
5 1 5 9 0
8 1 8 12 1 12
6 2 3 8 3 3
11 0
6 2 3
4 0
2 1 2
5 1 5 7 1 7
6 0
5 1 5
13 0 Not
8 0
62.5% 0.0% MarketTotals 58 6 10 57 10 6 1.8% -40.0% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD
%
%
1 5
3 9
15 8
18
16 26
18 31
11 17
15 25
7 8
9 12
4 6
6 7
8 4
8 4
0 5
1 7
up 1 2
1 3
MarketTotals 63 81
79 117
Source: Greenwich Multiple Listing Service, Single-family homes
QUARTERLY MARKET OVERVIEW
HOMES SOLD
Q3
Q3
% CHANGE YTD
YTD
% CHANGE
112 -37.5% 192 289 -33.6%
AVERAGE SALE PRICE $3,817,764 $3,201,436 19.3% $3,766,640 $3,292,439 14.4%
MEDIAN SALE PRICE $3,197,500 $2,500,000 27.9% $3,235,900 $2,750,000 17.7%
AVERAGE PRICE PER SQUARE FOOT $698 $609 14.6% $675 $591 14.2%
AVERAGE DAYS ON MARKET
95 -22.1% 99 130 -23.8%
% SALE PRICE TO LIST PRICE 100.1% 98.1% 2.0% 99.2% 97.1% 2.2%
HISTORY
year-to-date.
GREENWICH SOUTH OF THE PARKWAY
2022
2021
2022
2021
70
74
TEN-YEAR MARKET
Average Sale Price $2,774,982 $2,698,854 $3,075,190 $2,403,016 $2,769,791 $2,670,378 $2,537,605 $2,941,272 $3,212,533 $3,766,640 Average Sale Price Average Price/SqFt $537 $567 $587 $535 $550 $537 $499 $530 $596 $675 Average Price/SqFt Days On Market 166 171 167 176 203 188 234 197 126 99 Days On Market %Sale Price to List Price 94.0 93.8 93.7 94.0 93.0 92.8 91.9 94.9 97.0 99.2 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales
SUPPLY DEMAND ANALYSIS
AS OF SEPTEMBER 30, 2022
PRICE RANGE
$0 - $999,999
$1,000,000 - $1,999,999
$2,000,000 - $2,999,999
$3,000,000 - $3,999,999
$4,000,000 - $4,999,999
$5,000,000 - $5,999,999
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
OF THE
$6,000,000 - $7,999,999
$10,000,000 and up
YEAR-TO-DATE
01/01/202209/30/2022
SUPPLY/ DEMAND RATIO*
AS OF SEPTEMBER 30, 2021
SUPPLY: ACTIVE LISTINGS
$0 - $999,999
$1,000,000 - $1,999,999
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
2022 vs. 2021
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
-42.9% -50.0%
-26.7% -50.0%
-23.1% -66.7%
-43.8% -37.5%
-7.7% -50.0%
-14.3% 200.0%
01/01/202109/30/2021 % CHANGE 2022/2021 10/01/202109/30/2022
-45.9%
-43.6%
-50.0% -66.7%
-57.1% 0.0% $8,000,000 - $9,999,999
-100.0%
10/01/202009/30/2021
CHANGE 2022/2021
45 -40.0%
87 -42.5% $2,000,000 - $2,999,999
-45.6% 55 96 -42.7% $3,000,000 - $3,999,999
$5,000,000 - $5,999,999
$6,000,000 - $7,999,999
-34.0% 40 58 -31.0% $4,000,000 - $4,999,999
-11.5%
11.8%
-34.6%
32 -12.5%
24 -16.7%
31 -35.5% $8,000,000 - $9,999,999
-10.0%
GREENWICH SOUTH -33.6%
12 -8.3% $10,000,000 and up
66.7%
50.0%
PARKWAY -33.9%
4 1 4 7 2 4
11 5 2 15 10 2
10 3 3 13 9 1
9 5 2 16 8 2
12 2 6 13 4 3
12 3 4 14 1 14
6 5 1 14 5 3
4 1 4 8 3 3
11 0 Not Valid 6 1 6 83.3%
MarketTotals 79 25 3 106 43 2 -25.5% -41.9% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES
YEAR-OVER-YEAR
%
20 37
27
31 55
50
37 68
31 47
23 26
28
19 17
20
17 26
20
9 10
11
5 3
6 4
MarketTotals 192 289
257 389
Source: Greenwich Multiple Listing Service, Single-family homes
QUARTERLY MARKET OVERVIEW
GREENWICH
SOUTH OF THE POST ROAD
Q3 2022 Q3 2021 % CHANGE YTD 2022 YTD 2021 % CHANGE
HOMES SOLD 15 34 -55.9% 53 104 -49.0%
AVERAGE SALE PRICE $3,757,800 $3,289,024 14.3% $3,209,018 $3,428,421 -6.4%
MEDIAN SALE PRICE $4,400,000 $2,247,500 95.8% $2,410,000 $2,362,500 2.0%
AVERAGE PRICE PER SQUARE FOOT $768 $688 11.6% $712 $704 1.1%
AVERAGE DAYS ON MARKET 35 84 -58.3% 92 140 -34.3%
% SALE PRICE TO LIST PRICE 100.2% 97.1% 3.2% 100.2% 96.4% 3.9%
HISTORY
sold for 2022 are annualized based
sales year-to-date.
TEN-YEAR MARKET
Average Sale Price $2,219,081 $4,083,817 $2,043,325 $2,545,622 $2,977,955 $2,371,594 $2,896,440 $3,458,830 $3,926,817 $3,209,018 Average Sale Price Average Price/SqFt $577 $726 $598 $623 $639 $666 $667 $676 $712 $712 Average Price/SqFt Days On Market 160 165 172 133 141 208 211 181 137 92 Days On Market %Sale Price to List Price 92.6 93.4 96.2 92.3 91.5 94.5 92.6 91.1 95.6 100.2 %Sale Price to List Price * Homes
on actual
SUPPLY DEMAND ANALYSIS
SOUTH OF THE POST ROAD
PRICE RANGE
AS OF SEPTEMBER 30, 2022
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
$0 - $999,999 2 1 2
$1,000,000 - $1,999,999 3
$2,000,000 - $2,999,999
$4,000,000 - $4,999,999 1
$5,000,000 - $5,999,999 1
SUPPLY/ DEMAND RATIO*
Not Valid
AS OF SEPTEMBER 30, 2021
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
2022 vs. 2021
% CHANGE IN LISTINGS
2
% CHANGE IN PENDINGS
2 -66.7% -66.7%
1 -50.0% -100.0%
2 5 -11.1% 0.0% $3,000,000 - $3,999,999 3
$6,000,000 - $7,999,999
$10,000,000 and up
$0 - $999,999
$1,000,000 - $1,999,999
YEAR-TO-DATE
01/01/202209/30/2022
-40.0% -50.0%
-66.7% 0.0%
Not Valid 0.0% 0.0%
300.0% 200.0% $8,000,000 - $9,999,999
Not Valid
01/01/202109/30/2021
Not Valid 0.0% 0.0%
Not Valid
YEAR-OVER-YEAR
CHANGE 2022/2021 10/01/202109/30/2022
-35.3%
-64.3%
$2,000,000 - $2,999,999
10/01/202009/30/2021
CHANGE 2022/2021
-48.0%
-60.0%
25 -56.0% $3,000,000 - $3,999,999
$5,000,000 - $5,999,999
-63.2%
-62.5% $4,000,000 - $4,999,999
$6,000,000 - $7,999,999
-63.6%
-11.1%
80.0%
0.0%
100.0%
-76.9% $8,000,000 - $9,999,999
-77.8%
Not Valid
100.0% $10,000,000 and
GREENWICH -55.6%
-83.3%
-47.5%
6 3
0
6 5
8
4 9
1 3 5 2 3
1 1 3 1 3
1 1 0 0
4 3 1 1 1 1
1 0
0 0
8 0 Not Valid 5 0
60.0% 0.0% MarketTotals 31 9 3 35 14 3 -11.4% -35.7% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES
%
%
11 17
13 25
10 28
14 35
7 19
11
4 11
6 16
8 9
10 10
9 5
10 5
2 9
3 13
1 0
2 1
up 1 6
4 9
MarketTotals 53 104 -49.0% 73 139
Source: Greenwich Multiple Listing Service, Single-family homes
QUARTERLY MARKET OVERVIEW
Q3 2022 Q3
% CHANGE YTD 2022 YTD
% CHANGE
HOMES SOLD 19 39 -51.3% 65 88 -26.1%
AVERAGE SALE PRICE $1,647,296 $1,859,569 -11.4% $1,772,275 $1,678,275 5.6%
MEDIAN SALE PRICE $1,600,000 $1,895,000 -15.6% $1,595,000 $1,397,000 14.2%
AVERAGE PRICE PER SQUARE FOOT $580 $547 6.0% $581 $527 10.2%
AVERAGE DAYS ON MARKET 49 60 -18.3% 50 101 -50.5%
% SALE PRICE TO LIST PRICE 99.2% 98.4% 0.8% 101.4% 97.8% 3.7%
sold for 2022 are
HISTORY
based
sales year-to-date.
COS COB
2021
2021
TEN-YEAR MARKET
Average Sale Price $1,241,224 $1,254,598 $1,365,294 $1,321,116 $1,331,751 $1,564,416 $1,248,246 $1,408,910 $1,645,808 $1,772,275 Average Sale Price Average Price/SqFt $471 $466 $506 $490 $456 $486 $436 $444 $532 $581 Average Price/SqFt Days On Market 131 103 137 139 142 153 141 157 100 50 Days On Market %Sale Price to List Price 95.0 96.1 96.2 96.0 95.0 95.4 94.4 96.1 98.1 101.4 %Sale Price to List Price * Homes
annualized
on actual
SUPPLY DEMAND ANALYSIS
AS OF SEPTEMBER 30, 2022
PRICE RANGE
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
AS OF SEPTEMBER 30, 2021 2022 vs. 2021
SUPPLY/ DEMAND RATIO*
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
$0 - $999,999 2 0 Not Valid 2 4 1 0.0% -100.0%
$1,000,000 - $1,999,999 17 0 Not Valid 15 7 2 13.3% -100.0%
$2,000,000 - $2,999,999 1 2 1 3 1 3 -66.7% 100.0% $3,000,000 - $3,999,999 2 1 2 2 0 Not Valid 0.0% 0.0% $4,000,000 - $4,999,999 0 0 Not Valid 0
$5,000,000 - $5,999,999
0 0 Not Valid 0
$6,000,000 - $7,999,999 0 0 Not Valid 0
Not Valid 0.0% 0.0%
Not Valid 0.0% 0.0%
Not Valid 0.0% 0.0%
$8,000,000 - $9,999,999
Not Valid
Not Valid
Not Valid 0.0% 0.0%
Not Valid 0.0% 0.0% $10,000,000 and up
0.0% -75.0%
$0 - $999,999
$1,000,000 - $1,999,999
$2,000,000 - $2,999,999
$3,000,000 - $3,999,999
$4,000,000 - $4,999,999
$5,000,000 - $5,999,999
$6,000,000 - $7,999,999
$8,000,000 - $9,999,999
$10,000,000 and up
YEAR-TO-DATE
01/01/202209/30/2022
SOLD PROPERTIES
YEAR-OVER-YEAR
01/01/202109/30/2021 % CHANGE 2022/2021 10/01/202109/30/2022 10/01/202009/30/2021 % CHANGE 2022/2021
-28.6%
-29.2%
-15.8%
-33.3%
0.0%
Not Valid
Not Valid
Not Valid
Not Valid
COS COB MarketTotals
-26.1%
22 -31.8%
65 -29.2%
25 -28.0%
6 -16.7%
0.0%
Not Valid
Not Valid
Not Valid
Not Valid
-28.6%
0
0
0
0 0
0 0
0 0
0 0
MarketTotals 22 3 7 22 12 2
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
10 14
15
34 48
46
16 19
18
4 6
5
1 1
1 1
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
65 88
85 119
Source: Greenwich Multiple Listing Service, Single-family homes
QUARTERLY MARKET OVERVIEW
Q3 2022 Q3
RIVERSIDE
% CHANGE YTD
YTD
% CHANGE
HOMES SOLD 36 51 -29.4% 84 141 -40.4%
AVERAGE SALE PRICE $2,570,152 $2,537,539 1.3% $2,521,627 $2,538,161 -0.7%
MEDIAN SALE PRICE $1,932,500 $2,195,000 -12.0% $2,034,000 $2,200,000 -7.5%
AVERAGE PRICE PER SQUARE FOOT $774 $691 12.0% $769 $663 16.0%
AVERAGE DAYS ON MARKET 38 56 -32.1% 53 76 -30.3%
% SALE PRICE TO LIST PRICE 102.0% 100.8% 1.2% 102.1% 99.8% 2.3%
sold
HISTORY
sales year-to-date.
2021
2022
2021
TEN-YEAR MARKET
Average Sale Price $1,962,380 $2,000,919 $2,275,811 $2,121,616 $2,371,435 $2,353,592 $1,945,173 $2,587,852 $2,614,485 $2,521,627 Average Sale Price Average Price/SqFt $582 $599 $634 $601 $619 $595 $542 $618 $678 $769 Average Price/SqFt Days On Market 132 107 122 138 147 168 180 125 75 53 Days On Market %Sale Price to List Price 96.1 96.6 94.6 93.9 94.7 94.9 94.1 94.3 99.7 102.1 %Sale Price to List Price * Homes
for 2022 are annualized based on actual
SUPPLY DEMAND ANALYSIS
AS OF SEPTEMBER 30, 2022
PRICE RANGE
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
AS OF SEPTEMBER 30, 2021 2022 vs. 2021
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
$0 - $999,999 2 1 2 3 2 2 -33.3% -50.0%
$1,000,000 - $1,999,999 2 2 1 9 2 5 -77.8% 0.0%
$2,000,000 - $2,999,999 6 6 1 7 1 7 -14.3% 500.0% $3,000,000 - $3,999,999 5 1 5 5 1 5 0.0% 0.0% $4,000,000 - $4,999,999 2 2 1 3 1 3 -33.3% 100.0%
$5,000,000 - $5,999,999 0 2 0 2 1 2 -100.0% 100.0%
$6,000,000 - $7,999,999 1 0 Not Valid 0 1 0 0.0% -100.0%
$8,000,000 - $9,999,999
$0 - $999,999
$1,000,000 - $1,999,999
0.0% 0.0% $10,000,000 and up
SOLD PROPERTIES
YEAR-TO-DATE YEAR-OVER-YEAR
01/01/202209/30/2022
01/01/202109/30/2021 % CHANGE 2022/2021 10/01/202109/30/2022 10/01/202009/30/2021 % CHANGE 2022/2021
-41.7%
-29.2%
$2,000,000 - $2,999,999
$4,000,000 - $4,999,999
$5,000,000 - $5,999,999
$6,000,000 - $7,999,999
$8,000,000 - $9,999,999
$10,000,000 and
15 -33.3%
-37.5%
-55.0%
-50.0%
28.6%
-66.7%
-75.0%
Not Valid
RIVERSIDE Not Valid
-40.4%
32 -56.3%
47 -53.2% $3,000,000 - $3,999,999
22.2%
-14.3%
-50.0%
Not Valid
-100.0%
-41.1%
0 0 Not Valid 0 0 Not Valid
1 0 Not Valid 1 0 Not Valid 0.0% 0.0% MarketTotals 19 14 1 30 9 3 -36.7% 55.6% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
7 12
10
34 48
40 64
18 40
22
12 24
14
9 7
11 9
2 6
6 7
1 4
2 4
1 0
1 0
up 0 0
0 2
MarketTotals 84 141
106 180
Source: Greenwich Multiple Listing Service, Single-family homes
QUARTERLY MARKET OVERVIEW
Q3
Q3
% CHANGE YTD
YTD
% CHANGE
HOMES SOLD 37 57 -35.1% 75 127 -40.9%
AVERAGE SALE PRICE $2,597,357 $2,753,353 -5.7% $2,751,838 $2,609,975 5.4%
MEDIAN SALE PRICE $2,433,333 $2,250,000 8.1% $2,355,555 $2,250,000 4.7%
AVERAGE PRICE PER SQUARE FOOT $807 $789 2.3% $817 $747 9.4%
AVERAGE DAYS ON MARKET 23 38 -39.5% 45 58 -22.4%
% SALE PRICE TO LIST PRICE 104.1% 99.3% 4.8% 102.5% 99.1% 3.4%
sold
HISTORY
sales year-to-date.
OLD GREENWICH
2022
2021
2022
2021
TEN-YEAR MARKET
Average Sale Price $1,753,566 $2,564,436 $2,017,057 $1,997,289 $2,455,255 $2,166,274 $2,323,307 $2,284,319 $2,624,038 $2,751,838 Average Sale Price Average Price/SqFt $615 $749 $644 $647 $709 $614 $637 $625 $751 $817 Average Price/SqFt Days On Market 103 109 147 132 172 159 153 113 58 45 Days On Market %Sale Price to List Price 95.0 94.1 96.2 96.9 94.7 94.2 93.6 96.3 99.3 102.5 %Sale Price to List Price * Homes
for 2022 are annualized based on actual
SUPPLY DEMAND ANALYSIS
AS OF SEPTEMBER 30, 2022
PRICE RANGE
$0 - $999,999
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
AS OF SEPTEMBER 30, 2021 2022 vs. 2021
SUPPLY/ DEMAND RATIO*
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
1 0 Not Valid 2 0 Not Valid -50.0% 0.0%
$1,000,000 - $1,999,999 5 3 2 2 8 1 150.0% -62.5%
$2,000,000 - $2,999,999 3 4 1 3 5 1 0.0% -20.0% $3,000,000 - $3,999,999 2 2 1 1 0 Not Valid 100.0% 0.0% $4,000,000 - $4,999,999 2 0 Not Valid 4 0 Not Valid -50.0% 0.0%
$5,000,000 - $5,999,999
1 1 1 0 0 Not Valid 0.0% 0.0%
$6,000,000 - $7,999,999 1 0 Not Valid 4 1 4 -75.0% -100.0%
$8,000,000 - $9,999,999 0
$0 - $999,999
$1,000,000 - $1,999,999
YEAR-TO-DATE
01/01/202209/30/2022
Not Valid
Not Valid
Not Valid 0.0% 0.0%
Not Valid 0.0% 0.0% $10,000,000 and up 1
SOLD PROPERTIES
YEAR-OVER-YEAR
01/01/202109/30/2021 % CHANGE 2022/2021 10/01/202109/30/2022 10/01/202009/30/2021 % CHANGE 2022/2021
0.0%
-38.6%
8 -50.0%
62 -38.7%
$2,000,000 - $2,999,999
$4,000,000 - $4,999,999
-47.6%
-63.6%
0.0%
29 -65.5%
49 -32.7% $3,000,000 - $3,999,999
-20.0%
$5,000,000 - $5,999,999
$8,000,000 - $9,999,999
100.0%
-42.9%
Not Valid
OLD GREENWICH $10,000,000 and
Not
-22.2%
100.0% $6,000,000 - $7,999,999
-100.0%
Not Valid
0
0 0
0
0 0
MarketTotals 16 10 2 16 14 1 0.0% -28.6% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
4 4
4
27 44
38
22 42
33
8 22
10
7 7
8 10
2 1
2 1
4 7
7 9
0 0
0 1
up 1 0
Valid 1 0
MarketTotals 75 127 -40.9% 103 169 -39.1% Source: Greenwich Multiple Listing Service, Single-family homes
QUARTERLY MARKET OVERVIEW
HOMES
Q3
% CHANGE
YTD
% CHANGE
-42.9% 134 192 -30.2%
AVERAGE SALE PRICE $1,453,097 $1,138,967 27.6% $1,250,163 $1,062,445 17.7%
MEDIAN SALE PRICE $992,500 $780,000 27.2% $900,000 $771,625 16.6%
AVERAGE PRICE
AVERAGE DAYS
SQUARE FOOT $613 $583 5.1% $599 $541 10.7%
MARKET
HISTORY
112 -64.3% 61 117 -47.9%
98.3% 3.5% 101.8% 97.8% 4.1%
year-to-date.
GREATER GREENWICH CONDOMINIUMS
2022 Q3 2021
YTD 2022
2021
SOLD 36 63
PER
ON
40
% SALE PRICE TO LIST PRICE 101.7%
TEN-YEAR MARKET
Average Sale Price $842,525 $901,903 $1,028,489 $981,069 $1,030,294 $1,003,349 $959,215 $1,084,790 $1,088,265 $1,250,163 Average Sale Price Average Price/SqFt $437 $457 $495 $488 $492 $509 $480 $525 $548 $599 Average Price/SqFt Days On Market 186 154 137 124 130 166 141 147 114 61 Days On Market %Sale Price to List Price 95.0 95.6 96.2 96.5 95.0 96.0 95.4 95.4 97.6 101.8 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales
SUPPLY DEMAND ANALYSIS
AS OF SEPTEMBER 30, 2022
PRICE RANGE
$0 - $999,999
$1,000,000 - $1,999,999
$2,000,000 - $2,999,999
$3,000,000 - $3,999,999
$4,000,000 - $4,999,999
$5,000,000 - $5,999,999
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
AS OF SEPTEMBER 30, 2021
SUPPLY/ DEMAND RATIO*
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
2022 vs. 2021
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
70.6% 30.8%
-42.9% 200.0%
-30.8% -75.0%
-16.7% 100.0%
Not Valid -100.0% 0.0%
Not Valid
Not Valid 0.0% 0.0%
$6,000,000 - $7,999,999
$10,000,000 and up
$0 - $999,999
$1,000,000 - $1,999,999
01/01/2022 -
Not Valid
Not Valid 0.0% 0.0% $8,000,000 - $9,999,999
Not Valid
Not Valid
01/01/2021 -
CHANGE 2022/2021 10/01/202109/30/2022 10/01/202009/30/2021
-43.9%
-5.1%
CHANGE 2022/2021
-43.2%
-9.1%
$2,000,000 - $2,999,999
44.4%
26.7% $3,000,000 - $3,999,999
$5,000,000 - $5,999,999
$6,000,000 - $7,999,999
$8,000,000 - $9,999,999
-30.0%
50.0%
Not Valid
Not Valid
Not Valid
Not Valid
50.0%
-43.8% $4,000,000 - $4,999,999
Not Valid
Not
GREATER GREENWICH CONDOMINIUMS Not Valid $10,000,000 and
Not
29 17 2 17 13 1
12 6 2 21 2 11
9 1 9 13 4 3
5 2 3 6 1 6
0 1 0 1 0
1 0
0 0
0 0
0 0
0 0 Not Valid 0 0
0.0% 0.0%
0 0 Not Valid 0 0
0.0% 0.0% MarketTotals 56 27 2 58 20 3 -3.4% 35.0% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES YEAR-TO-DATE YEAR-OVER-YEAR
09/30/2022
09/30/2021 %
%
74 132
100 176
37 39
50 55
13 9
19 15
7 10
9 16
3 2
3 2
0 0
0 0
0 0
0 0
Valid
0 0
0 0
up 0 0
0 0
Valid MarketTotals 134 192 -30.2% 181 264 -31.4% Source: Greenwich Multiple Listing Service, Condominium
203.869.0700 · 203.698.1234 · HOULIHANLAWRENCE.COM@AROUNDGREENWICH @AROUNDGREENWICH/GREENWICHCTREALESTATE Source: GMLS, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 1.1.2022 - 9.30.2022 total dollar volume of single family homes sold by company, Greenwich, Cos Cob, Riverside and Old Greenwich. # 1 Brokerage in Greenwich 7 YEARS AND COUNTING GREENWICH, CT · $9,495,000 Ultra-luxurious, newly built home on five acres with pool, tennis, theater & wellness center. WEB# MR3037192 GREENWICH, CT · $6,995,000 Five-bedroom Colonial with pool & water views. Private association close to town. CobbIslandWaterfront.com GREENWICH, CT · $4,995,000 Move right into this enchanting oasis in the coveted Partridge Hollow Association. WEB# MR3039192 GREENWICH, CT · $4,400,000 Contemporary home on coveted mid-country lane is minutes from schools, downtown and train. Mid-CountryOasis.com GREENWICH, CT · $4,100,000 Exquisite stone Manor on 1.4 acres bordering conservation land with expansive open views. GreenwichGatedCommunity.com OLD GREENWICH, CT · $4,195,000 New construction in desirable location features spectacular 7,400 square foot home with town approved pool site. WEB# MR3035672
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