Greenwich Market Update | Q1 2016

Greenwich, CT | Web ID:0066772

Greenwich Market Update First Quarter 2016 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 (3/31/2016)

A MESSAGE FROM OUR MANAGER: Pam Pagnani I invite you to review a summary of the sales activity in the Greenwich market during the first quarter of 2016, specifically broken down into the Greenwich, Cos Cob, Riverside and Old Greenwich areas. The Greenwich Multiple Listing Service reports the following statistics quarter (Q1 2016) over quarter (Q1 2015): Single family homes which traded town wide during Q1 2016 were up 7% when compared to Q1 2015. The results for Q1 2016 varied by location, when compared to Q1 2015: Old Greenwich had an increase of 56%, 9 homes sold to 14 homes sold, followed by an 8% increase in homes sold in Riverside and an increase of 4% homes sold in Greenwich. Cos Cob saw a 13% decrease in units sold when comparing year over year.

The largest increase of single family homes that traded town wide was in the $3 to $4 million price range, where 11 units sold in Q1 2016 compared to five units which sold in Q1 2015, reflecting an increase of 120%. The below $1 million price range followed with an increase of 67%, where 25 units sold compared to 15, year over year. In the over $5 million price category, the number of units sold decreased by 10%.

Town wide, condominium/cooperative units sold increased 11% from 35 in Q1 2015 to 39 in Q1 2016. The below $1 million price category showed a 16% increase town wide from 25 to 29. When comparing sections of town, Greenwich saw the largest increase in the number of condominiums/cooperative units sold, with 34 selling in Q1 2016 compared to 28 in Q1 2015.

The average sales price (ASP) of single family homes town wide was down 12%, from $2.65 million to $2.34 million. The ASP was down in all sections of town, with the exception of Old Greenwich which posted a 35% gain from $1.5 million to $2 million. The ASP of condominiums/cooperatives town wide was down slightly, 3%, $960,000 in Q1 2015, compared to $927,000 in Q1 2016.

The Sotheby’s International Realty – Greenwich Brokerage enjoys a co-marketing relationship with the venerable Sotheby’s Auction House, established in 1744. In addition, we are a member of the Sotheby’s International Realty Affiliate network, which totals more than 825 offices in 61 countries and territories worldwide. The Sotheby’s International Realty network achieved sales of more than $80 billion in the United States in 2015. We would be honored to represent you and we will work tirelessly to prove that your trust has been well placed.

FEATURED LISTINGS

OLD ROUND HILL LANE | Web ID: 0067851 | $12,500,000 Greenwich Brokerage | Helene Barre | 203.618.3132

COPPER BEECH ESTATE | Web ID: 0067969 | $8,295,000 Greenwich Brokerage | Shelly Tretter Lynch | 203.618.3103

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: 0065622

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 SOLD JAN-MARCH 2015

SOLD JAN-MARCH 2016

SF

CONDO

2015

$2,658,918

$ 961,414

2016

$2,335,135

$927,892

% CHANGE

-12%

-3%

2015

$ 1,780,000

$ 725,000

2016

$ 1,670,000

$ 750,000

% CHANGE

-6%

3%

2015

88%

94%

2016

88%

91%

% CHANGE

-

-3%

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (3.31.2015)

THIS YEAR (3.31.2016)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

15

25

25

29

67%

16%

34

66

37

73

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

37

7

35

7

-5%

0%

82

23

129

26

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

20

2

12

1

-40%

-50%

80

6

98

19

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

5

1

11

1

120%

0%

74

1

91

5

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

3

-

4

1

33%

-

51

8

53

3

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

6

-

5

-

-17%

-

74

-

92

-

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

2

-

2

-

0%

-

22

-

31

-

$10,000,000 & Above

2

-

2

-

0%

-

44

-

45

-

90

35

96

39

7%

11%

461

104

576

126

TOTALS

3

Web: 0067953

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 SOLD JAN-MARCH 2015

SOLD JAN-MARCH 2016

SF

CONDO

2015

$2,966,500

$985,714

2016

$2,752,120

$999,638

% CHANGE

-7%

1%

2015

$1,880,000

$745,000

2016

$1,735,000

$797,000

% CHANGE

-8%

7%

2015

89%

93%

2016

85%

91%

% CHANGE

-4%

-3%

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (3.31.2015)

THIS YEAR (3.31.2016)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

10

19

14

24

40%

26%

19

54

20

58

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

18

7

17

7

-6%

0%

43

21

64

19

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

9

1

6

1

-33%

0%

54

5

65

18

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

5

1

6

1

20%

0%

45

1

68

4

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

2

-

2

1

0%

-

41

8

44

3

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

5

-

5

-

0%

-

63

-

73

-

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

2

-

2

-

0%

-

21

-

27

-

$10,000,000 & Above

1

-

2

-

100%

-

41

-

41

-

52

28

54

34

4%

21%

327

89

402

102

TOTALS

4

sothebyshomes.com/greenwich

Web: 0067656

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

UNITS SOLD SOLD JAN-MARCH 2015

SOLD JAN-MARCH 2016

NORTH SF

SOUTH SF

2015

$2,426,000

$3,527,367

2016

$3,152,373

$2,337,132

% CHANGE

30%

-34%

2015

$1,962,500 $1,962,500

2016

$3,200,000 $3,200,000

% CHANGE

63%

63%

2015

82%

90%

2016

87%

89%

% CHANGE

6%

-1%

INVENTORY % CHANGE 2016 TO 2015

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

3

3

1

5

-67%

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

3

10

4

7

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

2

7

-

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

2

3

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

-

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

THIS YEAR (3.31.2016) SF

CONDO

67%

4

4

33%

-30%

25

19

2

-100%

-71%

41

17

4

1

100%

-67%

48

17

2

-

2

-

0%

29

9

2

3

1

2

-50%

-33%

38

23

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

-

1

1

-

-

-100%

12

10

$10,000,000 & Above

-

1

-

-

-

-100%

18

19

12

30

11

19

-8%

-37%

215

118

TOTALS

5

Web: 0067833

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

2015

$3,651,923

-

2016

$ 2,002,321

$ 625,050

% CHANGE

-45%

-

2015

$ 2,080,000

-

2016

$ 1,600,000

$ 625,050

% CHANGE

-23%

-

2015

84%

-

2016

92%

97%

% CHANGE

10%

-

INVENTORY

SOLD JAN-MAR 2015

SOLD JAN-MAR 2016

% CHANGE 2014 TO 2015

LAST YEAR JAN-MAR 2015

THIS YEAR (JAN-MAR 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

1

-

2

2

100%

-

3

-

6

-

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

4

-

5

-

25%

-

10

-

26

-

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

5

-

3

-

-40%

-

11

-

11

-

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

0

-

3

-

-

-

14

-

9

-

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

1

-

1

-

0%

-

5

-

6

-

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

1

-

0

-

-100%

-

3

-

8

-

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

0

-

0

-

-

-

1

-

2

-

$10,000,000 & Above

1

-

0

-

-100%

-

3

-

3

-

13

-

14

2

8%

-

50

-

71

-

TOTALS

6

sothebyshomes.com/greenwich

Web: 0067950

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 SOLD JAN-MARCH 2015

SOLD JAN-MARCH 2016

SF

CONDO

2015

$ 1,526,124

$ 621,100

2016

$ 2,067,464

$316,667

% CHANGE

35%

-49%

2015

$ 1,295,000

$625,000

2016

$ 1,788,750

$ 295,000

% CHANGE

38%

-53%

2015

94%

96%

2016

93%

99%

% CHANGE

-1%

3%

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (3.31.2015)

THIS YEAR (3.31.2016)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

1

5

4

3

300%

-40%

5

3

6

2

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

6

-

5

-

-17%

-

18

-

9

4

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

2

-

2

-

0%

-

11

-

13

-

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

-

-

2

-

-

-

11

-

7

-

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

-

-

1

-

-

-

5

-

3

-

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

-

-

-

-

-

-

8

-

10

-

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

-

-

-

-

-

-

-

-

2

-

$10,000,000 & Above

-

-

-

-

-

-

-

-

1

-

TOTALS

9

5

14

3

56%

-40%

58

3

51

6

7

Web: 0067735

COS COB Situated just east of Central Greenwich, Cos Cob reaches from thecharming 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 SOLD JAN-MARCH 2015

SOLD JAN-MARCH 2016

SF

CONDO

2015

$1,489,656

$1,472,000

2016

$1,327,250

-

% CHANGE

11%

-

2015

$1,307,500

$1,472,000

2016

$1,210,000

-

% CHANGE

-7%

-

2015

91%

96%

2016

91%

-

% CHANGE

0%

-

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (3.31.2015)

THIS YEAR (3.31.2016)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

3

1

5

-

67%

-100%

7

9

5

13

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

9

-

8

-

-11%

-

11

2

30

3

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

4

1

1

-

-75%

-100%

4

1

9

1

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

-

-

-

-

-

-

4

-

7

1

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

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

1

-

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

-

-

-

-

-

-

-

-

-

-

$10,000,000 & Above

-

-

-

-

-

-

-

-

-

-

16

2

14

0

-13%

-100%

26

12

52

18

TOTALS

8

sothebyshomes.com/greenwich

Where curb appeal meets global appeal.

STAMFORD, CT | Web: 0067856

We’re at home in the luxury realm. We know the territory. And we’re backed by the global reach and resources of the world’s premier real estate network — offering you privileged access to the most qualified buyers. Let us show 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 | 2016

PARSONAGE ROAD Greenwich Brokerage | Leslie McElwreath | 203.618.3165

PRIVATE COUNTRY ESTATE Greenwich Brokerage | Marijane Bates Hvolbeck | 203.983.3832

A NEW CLASSIC FOR MODERN LIVING Greenwich Brokerage | Joseph Barbieri | 203.618.3112

ROUND HILL ROAD Greenwich Brokerage | Steve Archino | 203.618.3144

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FEATURED LISTINGS

OLDFIELD FARM - EQUESTRIAN ESTATE Web ID: 0067882 | $21,500,000 Amid the pastoral beauty of Greenwich’s great estates, “Oldfield farm” is an equestrian estate without peer. Encompassing approx. 18.39 carefully groomed acres, it hosts a classical villa on lush grounds, superior horse facilities and a stick and ball field.

Joseph Barbieri | 203.618.3112

MID-COUNTRY ELEGANCE Web ID: 0067806 | $4,695,000 Located in a private association minutes to downtown Greenwich this custom, 5 bedroom home is on 1 acre of park-like grounds with a stunning pool and spa.

Gracious public rooms and an open yet traditional floor plan provide for easy entertaining. The 2nd floor has 4 ensuite bedrooms, and the 5th bedroom and full bathroom is on the 1st floor. The walkout lower level services the pool.

Carol Zuckert | 203.561.0247

PRIVACY AND SPLENDOR OFF ROUND Web ID: 0067938 | $3,295,000 Located off Round Hill Road, minutes from town is this renovated colonial on 2.44 beautiful and quiet acres. The landscaping, designed by noted landscape architect Bill Rutherford, creates a distinguished private setting with a circular drive. Rock outcroppings in front shield the house from the road while the level property allows for great recreational use. There is an approved pool site. The light-filled interior has a great open floor plan with two family rooms, 6 bedrooms and 7 bathrooms.

Suzanne Katz | 203.618.3161