Greenwich | Market Update Q4 2015

Greenwich, CT | Web ID:0067882

Greenwich Market Update Year End 2015 GREENWICH BROKERAGE One Pickwick Plaza Greenwich, CT 06830 t. 203.869.4343

sothebyshomes.com/greenwich

All figures in this document are as reported by the Greenwich MLS (12/31/15)

A MESSAGE FROM OUR MANAGER: Pam Pagnani According to the Greenwich Multiple Listing System, the number of single-family homes and condominiums sold in Greenwich town wide in 2015 increased 2% compared to the prior year, from 793 units to 809 units. Drilling down and looking at the closed transactions of single-family homes, the number of closed units priced between $1 million and $2 million increased 25.4% town wide in 2015, and each section of town experienced an increase in the number of units sold in this price range. The highest increases were recorded north of the Parkway and in Old Greenwich. The upper end of the market is concentrated more in Mid-Country and the waterfront areas, rather than the Back Country this past year. As part of this trend, Sotheby’s International Realty handled a transaction, representing both the seller and the buyer, in a gated waterfront community for just under $20 million, one of the highest sales in 2015.

In the fourth quarter of 2015, the average sales price of condominiums increased by 13.7% when compared to the same time last year, while single-family homes town wide decreased by 9.8%. Inventory of single-family homes increased by 10% at the end of 2015 compared with the prior year, while inventory of town wide condominiums increased 6.5%.

Sotheby’s International Realty and our global network of offices throughout the world look forward to the opportunity of representing both sellers and buyers in all price ranges. In addition, a special thanks to those of you who entrusted us with the sale or purchase of your home this past year. Wishing you much happiness in the New Year!

All figures in this document are as reported by the Greenwich MLS (12/31/15)

FEATURED LISTINGS

25 PECKSLAND ROAD | Web ID: 0067642 | $4,495,000 Greenwich Brokerage | Joseph Barbieri | 203.618.3112

7 WYCKHAM HILL LANE | Web ID: 0067737 | $9,825,000 Greenwich Brokerage | Shelly Tretter Lynch & Steven Magnuson | 203.618.3103

7 LITTLE COVE | Web ID: 0067500 | $6,995,000 Greenwich Brokerage | Carol Clarke | 203.618.3174

7 STEEPLE CHASE ROAD | Web ID: 0067513 | $1,695,000 Greenwich Brokerage | Edward Mortimer | 203.618.3160

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated

by Sotheby’s International Realty, Inc. 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. Real estate agents affiliated with Sotheby’s International Realty, Inc.® are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

Web: 0067047

TOWNWIDE Greenwich, the gateway to New England, is a terrific place to live and enjoy life. The town is comprised of several villages or hamlets, each with its own unique character, and many with roots dating back to the pre-Revolutionary War era. 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.

AVERAGE SALES PRICE

MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

SF

CONDO

2014

$2,690,660

$864,428

2015

$2,425,815

$982,956

% CHANGE

-9.8%

13.7%

2014

$1,881,500

$683,500

2015

$1,860,000

$720,000

% CHANGE

-1.1%

5.3%

2014

86.3%

91.0%

2015

90.0%

93.4%

% CHANGE

4.3%

2.6%

INVENTORY

SOLD JAN-DEC 2014

SOLD JAN-DEC 2015

% CHANGE 2014 TO 2015

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

138

137

107

147

-22.5%

7.3%

30

52

30

66

$1,000,000 - $1,999,999

181

39

227

45

25.4%

15.4%

80

21

85

15

$2,000,000 - $2,999,999

126

6

113

12

-10.3% 100.0%

67

9

81

7

$3,000,000 - $3,999,999

70

2

65

4

-7.1%

100.0%

51

4

69

5

$4,000,000 - $4,999,999

31

1

33

2

6.5%

100.0%

46

4

47

4

$5,000,000 - $7,499,999

35

1

39

-

11.4%

-

67

2

64

1

$7,500,000 - $9,999,999

11

-

10

-

-9.1%

-

19

-

27

-

$10,000,000 & Above

15

-

5

-

-66.7%

-

46

-

44

-

607

186

599

210

-1.3%

12.9%

406

92

447

98

TOTALS

LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)

3

Web: 0067841

GREENWICH On scenic Long Island Sound, just 30 miles from midtown Manhattan, Greenwich, Connecticut is a vibrant cosmopolitan community considered among the most desirable in the nation. Founded in 1640, this historic town retains its natural beauty and picturesque charm, encompassing some 50 square miles stretching from the rolling hills, woodlands and meadows of the backcountry to 32 miles of shoreline on the Sound.

AVERAGE SALES PRICE

SF

CONDO

2014

$3,204,172

$957,018

2015

$2,826,058 $1,078,539

% CHANGE

MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

-11.8%

12.7%

2014

$2,105,000

$755,000

2015

$2,093,000

$816,500

% CHANGE

-0.6%

8.1%

2014

83.8%

90.6%

2015

88.4%

93.2%

% CHANGE

5.3%

2.9%

INVENTORY

SOLD JAN-DEC 2014

SOLD JAN-DEC 2015

% CHANGE 2014 TO 2015

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

73

91

57

101

-21.9%

11.0%

15

42

17

55

$1,000,000 - $1,999,999

87

34

95

41

9.2%

20.6%

50

20

38

10

$2,000,000 - $2,999,999

67

6

54

11

-19.4%

83.3%

49

8

56

6

$3,000,000 - $3,999,999

39

2

43

4

10.3%

100.0%

35

4

45

5

$4,000,000 - $4,999,999

22

1

23

2

4.5%

100.0%

36

4

43

4

$5,000,000 - $7,499,999

30

1

32

-

6.7%

-

58

2

53

1

$7,500,000 - $9,999,999

9

-

10

-

11.1%

-

18

-

24

-

$10,000,000 & Above

13

-

4

-

-69.2%

-

43

-

41

-

340

135

318

159

-6.5%

17.8%

304

80

317

81

TOTALS

4

LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)

sothebyshomes.com/greenwich

Web: 0067334

NORTH & SOUTH OF PARKWAY

NORTH SF

Situated north of the Merritt Parkway, the backcountry offers large luxury Greenwich real estate and properties amid extraordinarily beautiful countryside, with four-acre zoning throughout much of the area and extensive open space preserved through the efforts of the Greenwich Land Trust and other conservation organizations.

North of Parkway of Greenwich offers a truly unique locale, a pastoral haven less than 35 miles from Manhattan.

South of the Merritt Parkway, South of Parkway of Greenwich enjoys a country-like setting with Greenwich real estate on zoning ranges from one to two acres in size. Protected conservation land adds to its ambiance, and scenic riding trails are ideal for the equestrian enthusiast.

AVERAGE SALES PRICE

MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE

$4,200,826 $3,146,766

2015

$2,818,837

$3,405,687

% CHANGE

-32.9%

8.2%

SOLD JAN-DEC 2015

2014

$2,750,000 $2,604,000

2015

$2,000,000 $2,800,000

% CHANGE

-27.3%

7.5%

2014

84.6%

89.6%

2015

84.9%

88.9%

% CHANGE

0.3%

-0.8%

UNITS SOLD SOLD JAN-DEC 2014

SOUTH SF

2014

INVENTORY % CHANGE 2014 TO 2015

LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

Up to $999,999

4

11

5

10

25.0%

-9.1%

1

1

3

4

$1,000,000 - $1,999,999

14

40

26

43

85.7%

7.5%

21

17

10

14

$2,000,000 - $2,999,999

10

51

10

37

0.0%

-27.5%

18

20

12

32

$3,000,000 - $3,999,999

8

28

7

33

-12.5%

17.9%

15

17

14

25

$4,000,000 - $4,999,999

6

14

5

15

-16.7%

7.1%

13

17

12

26

$5,000,000 - $7,499,999

3

16

8

17

166.7%

6.3%

22

29

24

21

$7,500,000 - $9,999,999

1

7

2

6

100.0% -14.3%

8

10

11

10

$10,000,000 & Above

7

3

-

4

-100.0% 33.3%

26

10

20

16

53

170

63

165

124

121

106

148

TOTALS

18.9%

-2.9%

5

Web: 0067868

RIVERSIDE Riverside’s extensive shoreline on the river, harbor, and Long Island Sound contribute to its appeal as a desirable waterfront community with terrific Greenwich houses. It is closely linked to the neighboring village of Old Greenwich, and also lies within easy reach of the railroad station, making Riverside properties ideal for commuters to New York City.

AVERAGE SALES PRICE

MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

SF

CONDO

2014

$2,000,920

$695,643

2015

$2,275,811

$697,250

% CHANGE

13.7%

0.2%

2014

$1,862,500

$692,000

2015

$1,903,500

$649,500

% CHANGE

2.2%

-6.1%

2014

92.5%

93.4%

2015

91.4%

98.9%

% CHANGE

-1.2%

5.9%

INVENTORY

SOLD JAN-DEC 2014

SOLD JAN-DEC 2015

% CHANGE 2014 TO 2015

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

22

7

18

4

-18.2%

-42.9%

3

-

8

-

$1,000,000 - $1,999,999

32

-

43

-

34.4%

-

5

-

10

-

$2,000,000 - $2,999,999

23

-

30

-

30.4%

-

9

-

9

-

$3,000,000 - $3,999,999

13

-

13

-

0.0%

-

8

-

8

-

$4,000,000 - $4,999,999

4

-

6

-

50.0%

-

6

-

3

-

$5,000,000 - $7,499,999

2

-

3

-

50.0%

-

6

-

8

-

$7,500,000 - $9,999,999

-

-

-

-

-

-

1

-

1

-

$10,000,000 & Above

-

-

1

-

-

-

3

-

2

-

96

7

114

4

18.8%

-42.9%

41

-

49

-

TOTALS

6

LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)

sothebyshomes.com/greenwich

Web: 0067734

OLD GREENWICH The town’s origins are traced to the historic village of Old Greenwich, which today preserves the charm of a gracious New England community with classic Colonial Old Greenwich homes and beautiful waterfront properties. Old Greenwich offers an intimate shopping district, and lies within walking distance of scenic Greenwich Point with its fine town beach, park and boating facilities. The convenient railroad station gives easy access to midtown Manhattan, approximately 45 minutes away.

AVERAGE SALES PRICE

MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

SF

CONDO

2014

$2,573,710

$476,557

2015

$2,027,969

$567,542

% CHANGE

-21.2%

19.1%

2014

$2,127,500

$361,500

2015

$1,700,000

$478,750

% CHANGE

-20.1%

32.4%

2014

91.1%

94.0%

2015

93.0%

97.1%

% CHANGE

2.1%

3.3%

INVENTORY

SOLD JAN-DEC 2014

SOLD JAN-DEC 2015

% CHANGE 2014 TO 2015

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

16

21

13

23

-18.8%

9.5%

3

5

3

1

$1,000,000 - $1,999,999

29

1

52

1

79.3%

0.0%

13

-

9

3

$2,000,000 - $2,999,999

29

-

21

-

-27.6%

-

4

-

11

-

$3,000,000 - $3,999,999

18

-

7

-

-61.1%

-

7

-

12

-

$4,000,000 - $4,999,999

5

-

4

-

-20.0%

-

4

-

1

-

$5,000,000 - $7,499,999

3

-

4

-

33.3%

-

2

-

3

-

$7,500,000 - $9,999,999

2

-

-

-

-100.0%

-

-

-

2

-

$10,000,000 & Above

2

-

-

-

-100.0%

-

-

-

1

-

104

22

101

24

-2.9%

9.1

33

5

42

4

TOTALS

LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)

7

Web: 0067607

COS COB Situated just east of Central Greenwich, Cos Cob reaches from the charming village center out to one and two acre properties in quiet, country settings. The scenic Mianus River offers an extensive waterfront with marinas and rowing facilities. The Montgomery Pinetum and Mianus River Park offer over 200 acres of natural parkland for hiking and exploring.

AVERAGE SALES PRICE

MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

SF

CONDO

2014

$1,254,599

$737,841

2015

$1,365,294

$805,346

% CHANGE

8.8%

9.1%

2014

$1,178,000

$593,500

2015

$1,250,000

$649,00

% CHANGE

6.1%

9.4%

2014

92.4%

92.2%

2015

96.2%

91.9%

% CHANGE

4.1%

-0.3%

INVENTORY

SOLD JAN-DEC 2014

SOLD JAN-DEC 2015

% CHANGE 2014 TO 2015

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

27

18

19

19

-29.6%

5.6%

9

5

2

10

$1,000,000 - $1,999,999

33

4

37

3

12.1%

-25.0%

12

1

28

2

$2,000,000 - $2,999,999

7

-

8

1

14.3%

-

5

1

5

1

$3,000,000 - $3,999,999

-

-

2

-

-

-

1

-

4

-

$4,000,000 - $4,999,999

-

-

-

-

-

-

0

-

-

-

$5,000,000 - $7,499,999

-

-

-

-

-

-

1

-

-

-

$7,500,000 - $9,999,999

-

-

-

-

-

-

-

-

-

-

$10,000,000 & Above

-

-

-

-

-

-

-

-

-

-

67

22

66

23

-1.5%

4.5%

28

7

39

13

TOTALS

8

LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)

sothebyshomes.com/greenwich

The intellectual property to sell yours.

GREENWICH, CT | Web: 0067851 | $14,250,000 | Helene Barre | 203.618.3123

With our long history of representing the rare and the beautiful, we’ve learned a thing or two about the art of selling. And the science. We’ve built a global network of proprietary resources and privileged relationships unrivaled in the industry. And it is our pleasure to put these resources to work for you.

GREENWICH BROKERAGE | One Pickwick Plaza | Greenwich, CT 06830 | +1.203.869.4343

SothebysHomes.com

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal Housing Opportunity.

SIGNIFICANT SALES | 2015

MODERN ELEGANCE ON LONG ISLAND SOUND Greenwich Brokerage | Joseph Barbieri | 203.618.3112

TACONIC ROAD Greenwich Brokerage | Barbara O’Shea | 203.618.3134

ANDREWS FARM Greenwich Brokerage | Bill Andruss | 203.618.3101

SOUTH OF OLD GREENWICH VILLAGE Greenwich Brokerage | Daphne Lamsvelt-Pol | 203.391.4846

AUCTION CALENDAR FEB | MAR | APR | MAY 2016

Paul Gauguin | Nature morte aux mangos et à la fleur d’hibiscus Estimate £2-3m

RM Sotheby’s: Paris Paris 03 Feb

Watches London 08 Mar

Impressionist & Modern Art Evening Sale London 03 Feb

Important Ceramics by Pablo Picasso London 05 Ap

Contemporary Art Evening Auction London 10 Feb

20th Century Art / Middle East London 18 Apr

Finest & Rarest Wines New York 27 Feb

Orfèvrerie, Boîtes en Or et Objets de Vitrine Paris 04 May

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015

FEATURED LISTINGS

EXCEPTIONAL GREENWICH ESTATE Web ID: 0067611 | $15,250,000 Exceptional, Mid-Country estate encompasses over five private acres of spectacular gardens, grand specimen trees and sweeping lawns. The pre-war stone, stucco and timbers English manor house has been completely and masterfully renovated to the highest standards.

Many special amenities include a fabulous guest house, heated pool with spa and tennis court.

Brad Hvolbeck & MJ Bates Hvolbeck 203.618.3110

DOUBLING ROAD Web ID: 0067692 | $14,000,000 This magnificent cut stone English manor was designed in 1916 by Carrere and Hastings, and has been beautifully maintained and cared for over the years. Elegant detail and woodwork all the hallmarks throughout the gracious interior. Set on approx. 5.2 parklike acres with beautiful pool and sunken tennis court.

Heather Platt | 203.983.3802

SOPHISTICATED COUNTRY HOUSE Web ID: 0067369 | $3,975,000 Beautifully renovated Colonial with 5 bedrooms, 4 bathrooms and 2 half bathrooms on 4+ acres with wonderful gardens, heated pool. Offered for the first time in over ten years.

Brad Hvolbeck | 203.618.3110