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G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S INGLE FAMILY S ALES 路 J ANUARY-A PRIL 2010 S TATISTICAL M ARKET O VERVIEW JAN.-APR. 2009

JAN.-APR. 2010

% CHANGE

Current Inventory

731

643

-12%

Unit Sales

47

128

+172%

Days on Market

213

250

+17%

88.0%

92.0%

+4.5%

% Sale Price/List Price

Y E A R - T O - D AT E C O M PA R I S O N S JAN.-APR. 2009

JAN.-APR. 2010

% CHANGE

Average Sale Price

$2,296,046

$2,390,384

+4.1%

Median Sale Price

$1,550,000

$1,410,000

-9.0%

Information deemed reliable, but subject to verification by all parties. Source: Greenwich Multiple Listing Service, Inc. 2009-2010 漏 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

www.greenwichfineproperties.com

I


G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S TATISTICS H ISTORICAL M ONTHLY I NVENTORY R EPORT S INGLE FAMILY U NIT · 2005 TO A PRIL 2010

AVG. 2005-09

% CHANGE 2010 VS. AVG. ‘05-’09

2005

2006

2007

2008

2009

2010

% CHANGE ‘09 VS. ‘10

January Inventory

298

411

456

482

571

519

-9%

444

+17%

February Inventory

342

447

510

521

615

550

-11%

487

+13%

March Inventory

378

443

516

565

666

576

-14%

514

+12%

April Inventory

427

508

541

602

731

643

-12%

562

+14%

% CHANGE ‘08 VS. ‘09

AVG. 2005-08

CHANGE % 2009 VS. ‘05-’08

May Inventory

458

532

564

626

766

+22%

589

+30%

June Inventory

486

535

576

596

754

+27%

589

+28%

July Inventory

441

526

512

585

719

+23%

557

+29%

August Inventory

408

497

489

567

681

+20%

528

+29%

September Inventory

464

568

534

606

665

+10%

567

+17%

October Inventory

477

548

561

609

647

+6%

568

+14%

November Inventory

427

470

498

584

589

+1%

514

+15%

December Inventory

356

420

440

547

500

-9%

453

+10%

Information deemed reliable, but subject to verification by all parties. Source: Greenwich Multiple Listing Service, Inc. 2005-2010 © 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

·

www.greenwichfineproperties.com

II


G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S TATISTICS S INGLE FAMILY U NITS 路 C URRENT I NVENTORY B Y P RICE R ANGE 路 A PRIL 2009 VS . A PRIL 2010

CHANGE

% OF CURRENT INVENTORY

% OF ALL 2010 CONTRACTS

92

-12%

14%

26%

188

156

-17%

24%

30%

$2-2,999,999

145

129

-11%

20%

21%

$3-3,999,999

97

77

-21%

12%

8%

$4-4,999,999

49

38

-22%

6%

6%

$5-5,999,999

31

41

+32%

6%

3%

$6-7,999,999

49

51

+4%

8%

1%

$8-9,999,999

24

19

-26%

3%

2%

$10-14,999,999

28

28

0%

4%

$15,000,000 and over

16

12

-25%

2%

Totals

731

643

-12%

APRIL 2009

APRIL 2010

$0 to $999,999

104

$1-1,999,999

%

}

2%

Information deemed reliable, but subject to verification by all parties. Source: Greenwich Multiple Listing Service, Inc. 2009-2010 漏 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

www.greenwichfineproperties.com

III


G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S TATISTICS S INGLE FAMILY U NITS U NDER C ONTRACT 2003-2010 B Y M ONTH · A PRIL 2010

AVG. 2003-09

% CHANGE 2010 VS. AVG. ‘03-’09

2003

2004

2005

2006

2007

2008

2009

2010

% CHANGE ‘09 VS. ‘10

January

44

51

43

38

40

27

9

26

+189%

36

-28%

February

58

72

61

57

52

39

14

30

+114%

50

-40%

March

65

109

73

73

92

39

12

41

+242%

66

-38%

April

71

83

86

65

74

44

25

56

+124%

64

-12%

Year-to-Date

238

315

263

233

258

149

60

153

+155%

216

-29%

‘08 VS. ‘09

AVG. 2003-09

2009 VS. ‘03-’08

May

88

81

85

72

58

44

35

-20%

66

-47%

June

83

82

63

66

63

49

40

-18%

64

-37%

July

62

66

56

31

40

39

40

+3%

48

-16%

August

56

64

57

41

46

20

43

+115%

47

-8%

September

53

61

56

33

33

24

46

+92%

44

+5%

October

64

69

43

35

33

12

35

+192%

42

-16%

November

63

59

47

62

39

11

41

+273%

46

-11%

December

52

42

47

49

23

8

42

+425%

38

+12%

Total

759

839

717

622

593

356

382

+7%

610

-37%

Information deemed reliable, but subject to verification by all parties. Source: Greenwich Multiple Listing Service, Inc. 2003-2010 © 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

·

www.greenwichfineproperties.com

IV


G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S TATISTICS H ISTORICAL S INGLE FAMILY U NITS U NDER CONTRACT B Y P RICE R ANGE · J ANUARY-A PRIL 2005 TO 2010

2010

% CHANGE 2010 VS. AVG. ‘05-’09

2005

$0 to $999,999

62

34

36

31

19

40

36

+11%

$1-1,999,999

74

73

78

42

18

46

57

-19%

$2-2,999,999

52

52

59

34

7

32

41

-22%

$3-3,999,999

31

29

35

15

7

12

23

-48%

$4-4,999,999

16

16

14

10

0

9

11

-18%

$5-5,999,999

9

9

12

4

3

4

7

-43%

$6-6,999,999

7

8

10

2

4

2

6

-67%

$7-7,999,999

4

3

4

3

1

3

3

0%

$8-8,999,999

3

2

2

3

0

2

2

0%

$9-9,999,999

3

4

1

2

1

0

2

#

Over $10,000,000

2

3

7

3

0

3

3

0%

263

233

258

149

60

153

193

-21%

Totals

- A P R I L 2008 2009

CONTRACTS AVER. JAN.-APR. ‘05-09

J A 2006

N U A R Y

2007

Information deemed reliable, but subject to verification by all parties. Source: Greenwich Multiple Listing Service, Inc. 2005-2010 © 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

·

www.greenwichfineproperties.com

V


G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S TATISTICS S INGLE FAMILY U NITS U NDER CONTRACT B Y P RICE R ANGE 路 J ANUARY-A PRIL 2009 VS 2010

CHANGE

% OF ALL 2010 CONTRACTS

% OF CURRENT INVENTORY

40

+111%

26%

14%

18

46

+156%

30%

24%

$2-2,999,999

7

32

+357%

21%

20%

$3-3,999,999

7

12

+71%

8%

12%

$4-4,999,999

0

9

#

6%

6%

$5-5,999,999

3

4

+33%

3%

6%

$6-6,999,999

4

2

-50%

1%

JAN.-APR. 2009

JAN.-APR. 2010

$0 to $999,999

19

$1-1,999,999

%

$7-7,999,999

1

3

+200%

2%

$8-8,999,999

0

2

#

1%

$9-9,999,999

1

0

#

0%

Over $10,000,000

0

3

#

2%

Totals

60

153

+155%

} }

8%

3%

6%

Information deemed reliable, but subject to verification by all parties. Source: Greenwich Multiple Listing Service, Inc. 2009-2010 漏 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

www.greenwichfineproperties.com

VI


G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S TATISTICS S ALES B Y M ONTH 路 S INGLE FAMILY P REVIOUS 24 M ONTHS 路 A PRIL 2010

2009

2010

% CHANGE

January

5

33

+560%

February

6

25

+317%

March

15

35

+133%

April

21

35

+67%

Year-to-Date

47

128

+172%

2008

2009

% CHANGE

May

40

17

-58%

June

52

33

-37%

July

51

55

+8%

August

47

28

-40%

September

22

40

+82%

October

24

39

+63%

November

11

29

+164%

December

13

42

+223%

Total (previous 12 mos.)

307

411

+34%

Information deemed reliable, but subject to verification by all parties. These figures reflect MLS sales only. Source: Greenwich Multiple Listing Service, Inc. 2008-2010 漏 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

www.greenwichfineproperties.com

VII


G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S TATISTICS S INGLE FAMILY U NIT S ALES B Y P RICE R ANGE 路 J ANUARY-A PRIL 2009 VS 2010

JAN.-APR. 2009

JAN.-APR. 2010

% CHANGE

% OF ALL SALES 2010

$0 to $999,999

15

40

+167%

31%

$1-1,999,999

13

36

+177%

28%

$2-2,999,999

7

18

+157%

14%

$3-3,999,999

4

11

+175%

9%

$4-4,999,999

1

11

+1000%

9%

$5-5,999,999

3

2

-33%

2%

$6-6,999,999

2

4

100%

3%

$7-7,999,999

0

0

0%

0%

$8-8,999,999

1

2

100%

0%

$9-9,999,999

0

0

0%

0%

$10,000,000 and over

1

4

+300%

3%

Totals

47

128

+172%

Information deemed reliable, but subject to verification by all parties. These figures reflect MLS sales only. Source: Greenwich Multiple Listing Service, Inc. 2009-2010 漏 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

www.greenwichfineproperties.com

VIII


G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S TATISTICS S INGLE FAMILY S ALES C UMULATIVE AVERAGE N UMBER OF D AYS ON M ARKET · A PRIL 2010 % CHANGE 2010 VS. AVG. ‘07-’09

2007

2008

2009

2010

‘07-’09 AVERAGE

January

226

183

40

185

150

+23%

January-February

212

223

191

212

209

+1%

January-March

207

312

213

237

244

-3%

January-April

206

282

213

250

234

+7%

January-May

201

263

219

January-June

194

251

227

January-July

182

237

215

January-August

181

227

222

January-September

183

225

224

January-October

183

221

235

January-November

186

220

237

January-December

186

219

226

Information deemed reliable, but subject to verification by all parties. Source: Greenwich Multiple Listing Service, Inc. 2007-2010 © 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

·

www.greenwichfineproperties.com

IX


G REENWICH , C ONNECTICUT R ESIDENTIAL M ARKET S TATISTICS S INGLE FAMILY U NITS U NDER C ONTRACT 2003-2009 路 B Y M ONTH M ONTHS R ANKED B Y S ALES A CTIVITY P ERCENTAGE OF A NNUAL C ONTRACTS AVG. NUMBER OF PROPERTIES GONE TO CONTRACT 2003-2009

CONTRACTS

March

66.1

10.8%

May

66.1

10.8%

3.

April

64.0

10.5%

4.

June

63.7

10.4%

5.

February

50.4

8.3%

6.

July

47.7

7.8%

7.

August

46.7

7.7%

8.

November

46.0

7.5%

9.

September

43.7

7.2%

10.

October

41.6

6.8%

11.

December

37.6

6.2%

12.

January

36.0

5.9%

RANK

1.

% OF ANNUAL

Information deemed reliable, but subject to verification by all parties. Source: Greenwich Multiple Listing Service, Inc. 2003-2009 漏 2010 Greenwich Fine Properties All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

203.661.9200

www.greenwichfineproperties.com

X


H ISTORICAL S ALES D ATA G REENWICH , C ONNECTICUT 路 R EAL E STATE S ALES 1976-2009 YEAR

TOTAL NUMBER OF SALES

2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976

370 460 726 727 865 978 859 753 741 873 952 913 859 706 670 732 761 706 644 459 607 603 649 864 897 829 798 509 565 699 684 827 900 874

% CHANGE IN NUMBER OF HOMES SOLD

-20% -37% -0.1% -16% -12% 14% 15% 1% -15% -8% 4% 6% 22% 5% -8% -4% 8% 10% 40% -24% 1% -7% -25% -4% 8% 4% 57% -10% -19% 2% -17% -8% 3%

TOTAL DOLLAR AMOUNT OF ALL HOMES SOLD

$953,752,778 $1,263,762,302 $2,158,543,802 $1,936,471,126 $2,136,652,175 $2,172,443,614 $1,509,280,063 $1,380,621,759 $1,161,711,961 $1,422,152,044 $1,266,653,502 $1,125,358,910 $976,437,121 $695,918,882 $604,009,308 $670,483,620 $642,860,523 $578,871,671 $502,622,668 $369,993,552 $500,099,411 $477,300,000 $458,292,000 $566,739,000 $410,671,000 $322,411,000 $271,563,000 $164,331,000 $169,117,000 $177,911,000 $149,894,000 $152,733,000 $139,849,000 $115,894,000

% CHANGE IN DOLLAR AMOUNT OF HOMES SOLD

-25% -41% +11% -9% -2% 44% 9% 19% -18% 12% 13% 15% 40% 15% -10% 4% 11% 15% 36% -26% 5% 4% -19% 38% 27% 19% 65% -3% -5% 19% -2% 9% 21%

AVERAGE PRICE PER HOME

$2,577,710 $2,747,309 $2,973,201 $2,663,647 $2,470,118 $2,221,312 $1,757,020 $1,840,829 $1,567,762 $1,629,040 $1,330,518 $1,232,595 $1,136,714 $985,721 $901,506 $915,961 $844,758 $819,932 $780,470 $806,086 $823,887 $791,542 $706,151 $655,948 $457,827 $388,916 $340,305 $322,851 $299,322 $254,522 $219,143 $184,683 $155,388 $132,602

APPRECIATION PER YEAR

-6% -8% 12% 8% 11% 26% -5% 17% -4% 22% 8% 8% 15% 9% -2% 8% 3% 5% -3% -2% 4% 12% 8% 43% 18% 14% 5% 8% 18% 16% 19% 19% 17%

Information deemed reliable, but subject to verification by all parties. Source: SearchGreenwich.net Greenwich Record of Real Estate Sales 漏 2010 Greenwich Fine Properties May not be reproduced in any form or transmitted without written permission. All Rights Reserved.

203.661.9200

www.greenwichfineproperties.com

XI


Greenwich Stats (Elwell) April 2010