Greenwich Market Update | Q2 2016

Greenwich, CT | Web ID:0068133

Greenwich Market Update First Half 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 (6/30/2016)

A MESSAGE FROM OUR MANAGER: Pam Pagnani According to the Greenwich Multiple Listing Service, across all sections of town, the $1 to $2 million sales price band represented the most number of single-family units sold and accounted for: 39% of total units sold. When viewing the various sections of town, the over $10 million price band had a 50% increase in the number of homes sold from one unit sold last year to three units sold this year.

Cos Cob had the largest increase in the number of single-family units sold while Old Greenwich had an increase in the median sales price of single-family homes, up 13% from last year for the same period.

Riverside’s homes trading under $1million saw the most activity for that section of town. Although the number of single-family units sold was down 12% North of the Parkway, there was a 29% increase in average sale price over last year. There were more sales in the $3 to $4 million and the over $7.5million price bands this year compared to same time last year. In particular, Sotheby’s International Realty – Greenwich represented the seller in the only transaction North of the Parkway in excess of $10 million this year.

In the first half of 2016 town wide, the average sales price of single-family homes was down 9% and was down 27% for condominiums when compared to the same time last year. In addition, town wide, the number of single-family units sold was down 12% for the same time period. Today, there are more singlefamily homes and condominiums on the market compared to this time in 2015, with 697 single-family homes on the market and 151 condominiums compared to 588 and 107, respectively.

On the whole, today’s buyers are knowledgeable of the market conditions thus pricing your property properly generally ensures a more successful selling experience for the property owner. Sotheby’s International Realty looks forward to representing both sellers and buyers as we have for over forty years in all sales price categories, using the best marketing tools available with a large network of global offices.

FEATURED LISTINGS

CONYERS LAKE FRONT BEAUTY | Web ID: 0067429 | $18,795,000 Greenwich Brokerage | Fran Ehrlich | 203.618.3164

ENCHANTING WATERFRONT RETREAT | Web ID: 0067950 | $7,995,000 Greenwich Brokerage | Joseph Barbieri | 203.618.3112

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: 0067331

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 APRIL-JUNE 2015

SOLD APRIL-JUNE 2016

SF

CONDO

2015

$2,488,371

$1,095,222

2016

$2,262,546

$799,128

% CHANGE

-9%

-27%

2015

$1,875,000

$823,250

2016

$1,695,000

$671,555

% CHANGE

-10%

-18%

2015

91%

93%

2016

88%

93%

% CHANGE

-3%

-

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (6.30.2015)

THIS YEAR (6.30.2016)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

45

59

53

70

18%

19%

52

68

65

84

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

118

23

103

12

-13%

-48%

113

21

159

31

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

58

8

46

2

-21%

-75%

117

9

127

23

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

32

3

27

1

-16%

-67%

97

3

97

10

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

17

1

14

1

-18%

-

50

6

68

3

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

21

-

13

-

-38%

-

80

-

94

-

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

3

-

3

-

0%

-

24

-

42

-

$10,000,000 & Above

3

-

3

-

0%

-

55

-

45

-

297

94

262

86

-12%

-9%

588

107

697

151

TOTALS

3

Web: 0066772

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 APRIL-JUNE 2015

SOLD APRIL-JUNE 2016

SF

CONDO

2015

$ 2,868,842

$ 1,211,115

2016

$ 2,621,527

$854,330

% CHANGE

-9%

-29%

2015

$ 2,175,000

$ 932,500

2016

1,900,000

$ 712,500

% CHANGE

-13%

-24%

2015

89%

93%

2016

86%

92%

% CHANGE

-3%

-1%

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (6.30.2015)

THIS YEAR (6.30.2016)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

Up to $999,999

25

40

24

53

-4%

19%

23

54

35

62

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

44

23

47

11

7%

-48%

59

16

74

23

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

28

7

25

2

-11%

-75%

72

9

84

19

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

22

3

15

1

-32%

-67%

64

3

73

9

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

10

1

8

1

-20%

0%

44

6

57

3

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

17

-

13

-

-24%

-

64

-

73

-

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

3

-

2

-

-33%

-

22

-

35

-

$10,000,000 & Above

2

-

3

-

50%

-

49

-

42

-

151

74

137

68

-9%

-9%

397

88

473

116

TOTALS

4

sothebyshomes.com/greenwich

Web: 0068161

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

2015

$2,815,942

$3,379,957

2016

$3,621,895

$2,548,464

% CHANGE

29%

-25%

2015

$ 1,962,500 $2,750,000

2016

$2,600,000 $2,047,500

% CHANGE

32%

-26%

2015

86%

90%

2016

83%

89%

% CHANGE

-3%

-1%

UNITS SOLD SOLD APRIL-JUNE 2015

SOLD APRIL-JUNE 2016

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (6.30.2015)

THIS YEAR (6.30.2016)

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

NORTH SF

SOUTH SF

Up to $999,999

3

5

1

7

-67%

40%

3

7

3

5

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

10

21

8

24

-20%

14%

22

24

19

28

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

3

21

3

13

0%

-38%

17

44

23

49

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

3

17

5

6

67%

-65%

22

34

14

57

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

2

7

-

7

-100%

0%

14

26

16

32

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

5

9

4

7

-20%

-22%

20

34

25

33

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

-

2

1

-

-

-100%

8

11

14

14

$10,000,000 & Above

-

2

1

-

-

-100%

26

16

16

21

26

84

23

64

-12%

-24%

132

196

130

239

TOTALS

5

Web: 0068034

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 SOLD APRIL-JUNE 2015

SOLD APRIL-JUNE 2016

SF

CONDO

2015

$ 2,701,566

$649,000

2016

$2,066,473

$621,700

% CHANGE

-24%

-4%

2015

$ 2,162,500

$649,000

2016

$ 1,690,000

$615,000

% CHANGE

-22%

-5%

2015

91%

100%

2016

89%

98%

% CHANGE

-2%

-2%

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (6.30.2015)

THIS YEAR (6.30.2016)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

5

1

7

3

40%

200%

8

1

9

1

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

20

-

20

-

0%

-

17

-

24

-

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

16

-

7

-

-56%

-

16

-

17

-

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

7

-

4

-

-43%

-

9

-

9

-

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

6

-

4

-

-33%

-

2

-

6

-

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

2

-

-

-

-100%

-

7

-

8

-

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

-

-

1

-

N/A

-

1

-

5

-

$10,000,000 & Above

1

-

-

-

-100%

-

5

-

2

-

57

1

43

3

-25%

-

65

1

80

1

Up to $999,999

TOTALS

6

sothebyshomes.com/greenwich

Web: 0067129

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 APRIL-JUNE 2015

SOLD APRIL-JUNE 2016

SF

CONDO

2015

$2,012,556

$ 565,591

2016

$2,147,808

$ 434,000

% CHANGE

7%

-23%

2015

$1,700,000

$460,000

2016

$1,917,500

$374,500

% CHANGE

13%

-19%

2015

95%

96%

2016

93%

99%

% CHANGE

-3%

3%

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (6.30.2015)

THIS YEAR (6.30.2016)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

7

11

8

10

14%

-9%

9

5

7

10

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

26

-

12

-

-54%

-

13

-

21

2

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

10

-

9

-

-10%

-

19

-

18

-

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

3

-

8

-

167%

-

15

-

8

-

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

1

-

2

-

100%

-

4

-

5

-

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

2

-

-

-

-100%

-

9

-

12

-

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

-

-

-

-

-

-

1

-

2

-

$10,000,000 & Above

-

-

-

-

-

-

1

-

1

-

49

11

39

10

-20%

-9%

71

5

74

12

Up to $999,999

TOTALS

7

Web: 0067814

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 APRIL-JUNE 2015

SOLD APRIL-JUNE 2016

SF

CONDO

2015

$1,331,163

$807,238

2016

$ 1,418,953

$885,100

% CHANGE

7%

10%

2015

$ 1,257,500

$606,200

2016

$1,245,000

$690,000

% CHANGE

-1%

14%

2015

94%

95%

2016

95%

93%

% CHANGE

1%

-2%

INVENTORY % CHANGE 2016 TO 2015

LAST YEAR (6.30.2015)

THIS YEAR (6.30.2016)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

8

7

14

4

75%

-43%

12

8

14

11

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

28

-

24

1

-14%

-

24

5

40

6

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

4

1

5

-

25%

-100%

10

-

8

4

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

-

-

-

-

-

-

9

-

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

-

-

-

-

-

-

-

-

-

-

40

8

43

5

8%

-38%

55

13

70

22

Up to $999,999

TOTALS

8

sothebyshomes.com/greenwich

SIGNIFICANT SALES | 2016

OLD ROUND HILL LANE ESTATE Greenwich Brokerage | Helene Barre | 203.618.3123

THE BEST OF GREENWICH Greenwich Brokerage | Steve Archino | 203.618.3144

BIRCH LANE Greenwich Brokerage | Leslie McElwreath | 203.618.3165

AN EXQUISITE DIAMOND DESERVES AN EXCLUSIVE SETTING.

Collection available for purchase at Sotheby’s Diamonds salons and exclusive exhibitions worldwide.

New York +1 212 894 1400 | London +44 20 7293 6430 | Hong Kong +852 2822 8179 | sothebysdiamonds.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015

The intellectual property to sell yours.

CONTEMPORARY RETREAT | Web ID: 0068161 | $3,995,000

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 | 203.869.4343

SothebysHomes.com/Greenwich

One Pickwick Plaza | Greenwich, CT 06830 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.

FEATURED LISTINGS

ROUND HILL MANOR Web ID: 0068133 | $49,895,000 Round Hill Manor is one of the great estates in Greenwich sitting on the crest of a magnificent plateau overlooking more than 40 high, open acres with panoramic views of Long Island Sound. Impressive gates open to the winding driveway through a curved allee of stately trees to a grand courtyard. At 500 feet in elevation, this breathtaking property has majestic specimen trees, old stone walls and park-like rolling lawns with stunning east, west and south views for the utmost in privacy.

Bill Andruss | 203.618.3101 Joseph Barbieri | 203.618.3112 Leslie McElwreath | 203.618.3165

AIKEN ROAD Web ID: 0068192 | $12,995,000 On a quiet country lane off of Round Hill Road, this French palladian estate is nestled amid lush, brilliantly manicured lawns rolling down to a crystal lake, a home of whimsy and romance, there are surprises at every turn. The traditional center of the home is framed by an extraordinary three story Duomo with flying spiral staircase to balcony sitting areas and views, art gallery, architecturally distinguished winter garden on one side and spectacular master bedroom space on the other.

Joseph Barbieri | 203.618.3112 Fran Ehrlich | 203.618.3164

20 SHERWOOD AVENUE Web ID: 0068165 | $12,500,000 Built to perfection brick & limestone ‘’smart’’ house with 21st century technology. 4 acres of manicured perfection with beautiful wrought iron gates & stone walls for privacy & security. The exterior outdoor entertaining space features, built-in grill, spa, pool, pool house, organic vegetable garden, lake with fountain & expansive terraces & lush lawns.

Helene Barre | 203.618.3123