Greenwich Market Report | Q1 2017

Greenwich, CT | sothebyshomes.com/0068426

Greenwich Market Update 1st Quarter 2017 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 (3/31/2017)

sothebyshomes.com/0068106

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

2016

$2,329,112

$934,070

2017

$2,525,844

$968,107

% CHANGE

8%

4%

2016

$1,670,000

$755,350

2017

$1,875,000

$750,000

% CHANGE

12%

-1%

2016

87%

91%

2017

85%

93%

% CHANGE

-3%

2%

INVENTORY

SOLD JAN-MAR 2016

SOLD JAN-MAR 2017

% CHANGE 2017 TO 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

26

29

19

31

-27%

7%

37

73

33

45

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

35

8

48

6

37%

-25%

129

26

122

32

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

12

1

27

2

125%

100%

98

19

111

16

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

12

1

12

2

0%

100%

91

5

82

7

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

4

1

7

-

75%

-100%

53

3

62

3

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

5

-

8

-

60%

-

92

-

84

-

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

2

-

2

-

-

-

31

-

35

-

$10,000,000 & Above

2

-

2

-

-

-

45

-

38

-

98

40

125

41

28%

3%

576

126

567

103

TOTALS

2

LAST YEAR (3.31.2016)

THIS YEAR (3.31.2017)

sothebyshomes.com/greenwich

sothebyshomes.com/0068377

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

MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

SF

CONDO

2016

$2,752,120

$999,638

2017

$2,914,914

$978,586

% CHANGE

6%

-2%

2016

$1,735,000

$797,000

2017

$2,100,000

$768,750

% CHANGE

21%

-4%

2016

85%

91%

2017

83%

92%

% CHANGE

-3%

1%

INVENTORY

SOLD JAN-MAR 2016

SOLD JAN-MAR 2017

% CHANGE 2017 TO 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

14

24

11

20

-21%

-17%

20

58

22

40

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

17

7

25

6

47%

-14%

64

19

67

26

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

6

1

14

1

133%

-

65

18

68

16

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

6

1

9

1

50%

-

68

4

57

7

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

2

1

6

-

200%

-100%

44

3

44

3

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

5

-

6

-

20%

-

73

-

65

-

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

2

-

2

-

-

-

27

-

29

-

$10,000,000 & Above

2

-

2

-

-

-

41

-

34

-

54

34

75

28

39%

-18%

402

102

386

92

TOTALS

LAST YEAR (3.31.2016)

THIS YEAR (3.31.2017)

3

sothebyshomes.com/0068343

NORTH & SOUTH OF PARKWAY 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

NORTH SF

SOUTH SF

2016

$3,152,373

$2,337,132

2017

$3,683,313

$2,925,175

% CHANGE

17%

25%

SOLD JAN-MAR 2017

$3,200,000 $1,665,000

2017

$2,537,500 $2,392,500

% CHANGE

-21%

44%

2016

87%

89%

2017

80%

82%

% CHANGE

-8%

-8%

UNITS SOLD SOLD JAN-MAR 2016

2016

INVENTORY % CHANGE 2017 TO 2016

LAST YEAR (3.31.2016)

THIS YEAR (3.31.2017)

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

Up to $999,999

1

5

-

2

-100%

-60%

4

4

-

4

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

4

7

5

10

25%

43%

19

25

14

33

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

-

2

3

11

-

450%

17

41

19

41

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

4

1

1

8

-75%

700%

17

48

13

39

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

-

2

1

4

-

100%

9

29

11

27

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

1

2

-

5

-100%

150%

23

38

18

34

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

1

-

1

-

-

-

10

12

15

11

$10,000,000 & Above

-

-

1

-

-

-

19

18

15

15

TOTALS

11

19

12

40

9%

111%

118

215

105

204

4

sothebyshomes.com/greenwich

sothebyshomes.com/0068033

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

2016

$1,302,767

-

2017

$1,285,611

$1,336,667

% CHANGE

-1%

-

2016

$1,175,000

-

2017

$1,240,000

$512,500

% CHANGE

6%

-

2016

91%

-

2017

88%

97%

% CHANGE

-3%

-

INVENTORY

SOLD JAN-MAR 2016

SOLD JAN-MAR 2017

% CHANGE 2017 TO 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

6

-

6

4

-

-

5

13

4

2

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

8

-

10

-

25%

-

30

3

23

4

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

1

-

2

1

100%

-

9

1

6

-

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

-

-

-

1

-

-

7

1

5

-

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

-

-

-

-

-

-

-

-

2

-

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

-

-

-

-

-

-

1

-

-

-

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

-

-

-

-

-

-

-

-

-

-

$10,000,000 & Above

-

-

-

-

-

-

-

-

-

-

15

-

18

6

20%

-

52

18

40

6

TOTALS

LAST YEAR (3.31.2016)

THIS YEAR (3.31.2017)

5

sothebyshomes.com/0068416

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

2016

$2,002,321

$625,050

2017

$2,260,216

$701,750

% CHANGE

13%

12%

2016

$1,600,000

$625,050

2017

$1,880,000

$701,750

% CHANGE

18%

12%

2016

92%

97%

2017

92%

91%

% CHANGE

-1%

-6%

INVENTORY

SOLD JAN-MAR 2016

SOLD JAN-MAR 2017

% CHANGE 2017 TO 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

2

2

1

2

-50%

-

6

-

7

1

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

5

-

8

-

60%

-

26

-

19

-

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

3

-

6

-

100%

-

11

-

16

-

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

3

-

1

-

-67%

-

9

-

8

-

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

1

-

1

-

0%

-

6

-

8

-

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

-

-

1

-

-

-

8

-

11

-

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

-

-

-

-

-

-

2

-

4

-

$10,000,000 & Above

-

-

-

-

-

-

3

-

4

-

14

2

18

2

29%

-

71

0

77

1

TOTALS

6

LAST YEAR (3.31.2016)

THIS YEAR (3.31.2017)

sothebyshomes.com/greenwich

sothebyshomes.com/0068447

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

2016

$2,137,633

$531,250

2017

$2,377,643

$573,700

% CHANGE

11%

8%

2016

$1,795,000

$330,000

2017

$2,137,500

$585,000

% CHANGE

19%

77%

2016

91%

99%

2017

88%

97%

% CHANGE

-4%

-1%

INVENTORY

SOLD JAN-MAR 2016

SOLD JAN-MAR 2017

% CHANGE 2017 TO 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

4

3

1

5

-75%

67%

6

2

-

2

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

5

1

5

-

-

-100%

9

4

13

2

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

2

-

5

-

150%

-

13

-

21

-

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

3

-

2

-

-33%

-

7

-

12

-

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

1

-

-

-

-100%

-

3

-

8

-

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

-

-

1

-

-

-

10

-

8

-

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

-

-

-

-

-

-

2

-

2

-

$10,000,000 & Above

-

-

-

-

-

-

1

-

-

-

15

4

14

5

-7%

25%

51

6

64

4

TOTALS

LAST YEAR (3.31.2016)

THIS YEAR (3.31.2017)

7

celebrating an e xt rao r d ina ry ye a r In 2016, the Sotheby’s International Realty network achieved the highest annual sales volume performance in the history of the brand.

o utstandi ng achi e ve me nt

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.