Greenwich Market Update3rd Quarter 2015
GREENWICH BROKERAGE
One Pickwick Plaza
Greenwich, CT 06830
t. 203.869.4343
sothebyshomes.com/greenwich
Greenwich, CT | Web ID:0067365
All figures in this document are as reported by the Greenwich MLS (9/30/15)
A MESSAGE FROM OUR MANAGER: Pam Pagnani
According to the Greenwich Multiple Listing System, the current inventory of single-family homes has crept up to 614, compared to 585 in the third quarter of 2014. The largest increase in active listings occurred in homes priced between $3 million to $4 million. Single-family sales have increased 3.5% as compared to the same time last year. For the year, sales have increased to 479 homes thus far, compared to 463 homes by the third quarter of 2014; condominiums have seen a 10.8% increase in sales as compared to the same time last year, totaling 154 units to-date. Townwide, 73% of single-family sales were comprised of homes up to $3 million, which remains Greenwich’s largest and most active market segment. Single-family homes sold between $5 million and $10 million experienced a healthy 45% increase as compared to Q3 2014, while fewer homes priced over $10 million sold during the third quarter of this year compared to the same period of last year. The average sales price of single-family homes in Greenwich townwide decreased by 9.4% to $2,500,000 compared to Q3 2014. However, the average sales price of condominiums increased by 17.5% to $1,016,000.
All figures in this document are as reported by the Greenwich MLS (9/30/15)
FEATURED LISTINGS
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.
STUNNING COLONIAL | Web ID: 0067564 | $2,900,000Greenwich Brokerage | Patte Nusbaum | 203.249.0078
GRACIOUS CENTER HALL COLONIAL | Web ID: 0067281 | $4,695,000Greenwich Brokerage | Krissy Blake | 203.536.2743 |
QUIET CUL-DE-SAC | Web ID: 0067814 | $1,945,000Greenwich Brokerage | Martha Drake | 203.249.8713
RENOVATED CLASSIC IN RIVERSIDE | Web ID: 0067829 | $2,395,000Greenwich Brokerage | Edward Mortimer | 203.618.3160
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Web: 0067331
UNITS SOLD INVENTORYSOLD
JAN-SEPT 2014SOLD
JAN-SEPT 2015% CHANGE
2014 TO 2015LAST YEAR (9.30.2014)
THIS YEAR (9.30.2015)
SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO
Up to $999,999 100 104 78 103 -22.0% -1.0% 54 71 48 74
$1,000,000 - $1,999,999 145 27 186 36 28.3% 33.3% 124 27 134 15
$2,000,000 - $2,999,999 95 4 87 11 -8.4% 175.0% 113 10 126 11
$3,000,000 - $3,999,999 56 2 54 3 -3.6% 50.0% 77 7 89 4
$4,000,000 - $4,999,999 25 1 27 1 8.0% 0.0% 50 3 57 4
$5,000,000 - $7,499,999 22 1 34 - 54.5% - 85 2 75 1
$7,500,000 - $9,999,999 - - -7 8 14.3% 32 - 32 -
$10,000,000 & Above 13 - 5 - -61.5% - 50 - 53 -
TOTALS 463 139 479 154 3.5% 10.8% 585 120 614 109
SF CONDO
AVERAGE SALES PRICE
2014 $2,758,822 $864,136
2015 $2,500,176 $1,015,687
% CHANGE -9.4% 17.5%
MEDIAN SALES PRICE
2014 $1,881,500 $682,000
2015 $1,871,000 $725,000
% CHANGE -0.6% 6.3%
AVERAGE SOLD/LIST PRICE DIFFERENCE
2014 85.8% 92.0%
2015 90.5% 93.4%
% CHANGE 5.5% 1.6%
TOWNWIDEGreenwich, 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.
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Web: 0067692
UNITS SOLD INVENTORYSOLD
JAN-SEPT 2014SOLD
JAN-SEPT 2015% CHANGE
2014 TO 2015LAST YEAR (9.30.2014)
THIS YEAR (9.30.2015)
SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO
Up to $999,999 48 69 40 68 -16.7% -1.4% 37 53 25 56
$1,000,000 - $1,999,999 68 23 73 33 7.4% 43.5% 69 26 65 13
$2,000,000 - $2,999,999 51 4 43 10 -15.7% 150.0% 79 8 83 10
$3,000,000 - $3,999,999 34 2 34 3 0.0% 50.0% 54 6 59 4
$4,000,000 - $4,999,999 17 1 19 1 11.8% 0.0% 38 3 50 4
$5,000,000 - $7,499,999 18 1 28 - 55.6% - 74 2 58 1
$7,500,000 - $9,999,999 - -6 - 8 33.3% 30 - 28 -
$10,000,000 & Above 11 - 4 - -63.6% - 47 - 45 -
TOTALS 253 100 249 115 -1.6% 15.0% 428 98 413 88
GREENWICH - 06830/06831On scenic Long Island Sound, just 30 miles from midtown Manhat-tan, 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.
SF CONDO
AVERAGE SALES PRICE
2014 $3,362,158 $957,596
2015 $2,965,216 $1,129,697
% CHANGE -11.8% 18.0%
MEDIAN SALES PRICE
2014 $2,110,000 $715,000
2015 $2,249,000 $890,000
% CHANGE 6.6% 24.5%
AVERAGE SOLD/LIST PRICE DIFFERENCE
2014 82.9% 91.8%
2015 88.8% 93.1%
% CHANGE 6.6% 1.5%
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Web: 0066032
NORTH & SOUTH OF PARKWAYSituated 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 pasto-ral 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 zon-ing 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.
UNITS SOLD INVENTORYSOLD
JAN-SEPT 2014SOLD
JAN-SEPT 2015% CHANGE
2014 TO 2015LAST YEAR (9.30.2014)
THIS YEAR (9.30.2015)
NORTH SF SOUTH SF NORTH SF SOUTH SF NORTH SF SOUTH SF NORTH SF SOUTH SF NORTH SF SOUTH SF
Up to $999,999 2 8 4 7 100.0% -12.5% 4 8 4 4
$1,000,000 - $1,999,999 9 34 18 36 100.0% 5.9% 24 24 23 21
$2,000,000 - $2,999,999 8 39 6 31 -25.0% -20.5% 26 37 19 46
$3,000,000 - $3,999,999 6 25 6 26 0.0% 4.0% 23 25 19 33
$4,000,000 - $4,999,999 6 10 3 13 -50.0% 30.0% 11 22 13 30
$5,000,000 - $7,499,999 2 11 7 15 250.0% 36.4% 24 38 21 29
$7,500,000 - $9,999,999 - 5 2 5 - 0.0% 10 16 14 10
$10,000,000 & Above 6 3 - 4 - 33.3% 27 10 24 15
TOTALS 39 135 46 137 17.9% 1.5% 149 180 137 188
NORTH SF SOUTH SF
AVERAGE SALES PRICE
2014 $4,464,103 $3,128,532
2015 $2,974,473 $3,491,754
% CHANGE -33.4% 11.6%
MEDIAN SALES PRICE
2014 $3,150,000 $2,608,000
2015 $2,050,500 $2,800,000
% CHANGE -34.9% 7.4%
AVERAGE SOLD/LIST PRICE DIFFERENCE
2014 83.3% 88.4%
2015 86.2% 89.1%
% CHANGE 3.4% 0.8%
6 sothebyshomes.com/greenwich
UNITS SOLD INVENTORYSOLD
JAN-SEPT 2014SOLD
JAN-SEPT 2015% CHANGE
2014 TO 2015LAST YEAR (9.30.2014)
THIS YEAR (9.30.2015)
SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO
Up to $999,999 17 4 15 2 -11.8% -50.0% 7 1 7 1
$1,000,000 - $1,999,999 26 - 35 - 34.6% - 13 - 24 -
$2,000,000 - $2,999,999 20 - 23 - 15.0% - 14 - 16 -
$3,000,000 - $3,999,999 10 - 12 - 20.0% - 9 - 8 -
$4,000,000 - $4,999,999 3 - 6 - 100% - 7 - 3 -
$5,000,000 - $7,499,999 2 - 2 - 0.0% - 5 - 10 -
$7,500,000 - $9,999,999 -0 - 0 - - 1 - 2 -
$10,000,000 & Above 0 - 1 - - - 3 - 7 -
TOTALS 78 4 94 2 20.5% -50.0% 59 1 77 1
SF CONDO
AVERAGE SALES PRICE
2014 $2,037,741 $719,000
2015 $2,320,603 $649,500
% CHANGE 13.9% -9.7%
MEDIAN SALES PRICE
2014 $1,887,500 $735,500
2015 $1,887,500 $649,500
% CHANGE 0.0% -11.7%
AVERAGE SOLD/LIST PRICE DIFFERENCE
2014 92.9% 94.2%
2015 92.1% 98.5%
% CHANGE -0.9% 4.5%
Web: 0067120
RIVERSIDE - 06878Riverside’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 neighbor-ing village of Old Greenwich, and also lies within easy reach of the railroad station, making Riverside properties ideal for commuters to New York City.
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Web: 0067500
UNITS SOLD INVENTORYSOLD
JAN-SEPT 2014SOLD
JAN-SEPT 2015% CHANGE
2014 TO 2015LAST YEAR (9.30.2014)
THIS YEAR (9.30.2015)
SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO
Up to $999,999 15 17 9 19 -40.0% 11.8% 1 9 5 6
$1,000,000 - $1,999,999 25 1 41 1 64.0% 0.0% 23 - 13 -
$2,000,000 - $2,999,999 19 - 15 - -21.1% - 11 - 16 -
$3,000,000 - $3,999,999 12 - 6 - -50.0% - 11 - 15 -
$4,000,000 - $4,999,999 5 - 2 - -60.0% - 5 - 4 -
$5,000,000 - $7,499,999 2 - 4 - 100% - 6 - 7 -
$7,500,000 - $9,999,999 1 - - - -100% - 1 - 2 -
$10,000,000 & Above 2 - - - -100% - - - 1 -
TOTALS 81 18 77 20 -4.9% 11.1% 58 9 63 6
SF CONDO
AVERAGE SALES PRICE
2014 $2,499,107 $490,626
2015 $2,074,860 $565,725
% CHANGE -17.0% 15.3%
MEDIAN SALES PRICE
2014 $2,000,000 $365,000
2015 $1,700,000 $467,500
% CHANGE -15.0% 28.1%
AVERAGE SOLD/LIST PRICE DIFFERENCE
2014 91.5% 93.9%
2015 94.9% 97.0%
% CHANGE 3.6% 3.3%
OLD GREENWICH - 06870The town’s origins are traced to the historic village of Old Green-wich, which today preserves the charm of a gracious New Eng-land 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 Green-wich Point with its fine town beach, park and boating facilities. The convenient railroad station gives easy access to midtown Manhat-tan, approximately 45 minutes away.
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Web: 0067735
UNITS SOLD INVENTORYSOLD
JAN-SEPT 2014SOLD
JAN-SEPT 2015% CHANGE
2014 TO 2015LAST YEAR (9.30.2014)
THIS YEAR (9.30.2015)
SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO
Up to $999,999 20 14 14 14 -30.0% 0.0% 9 8 11 11
$1,000,000 - $1,999,999 26 3 36 2 38.5% -33.3% 19 1 32 2
$2,000,000 - $2,999,999 5 - 5 1 0.0% - 9 2 11 1
$3,000,000 - $3,999,999 - - 2 - - 3 1 7 -
$4,000,000 - $4,999,999 - - - - - - - - -
$5,000,000 - $7,499,999 - - - - - - - - -
$7,500,000 - $9,999,999 - - -- - - - - - - -
$10,000,000 & Above - - - - - - - - -
TOTALS 51 17 57 17 11.8% 0.0% 40 12 61 14
COS COB - 06807Situated 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 wa-terfront with marinas and rowing facilities. The Montgomery Pine-tum and Mianus River Park offer over 200 acres of natural parkland for hiking and exploring.
SF CONDO
AVERAGE SALES PRICE
2014 $1,281,125 $744,000
2015 $1,362,007 $816,806
% CHANGE 6.3% 9.8%
MEDIAN SALES PRICE
2014 $1,178,000 $640,000
2015 $1,250,000 $649,900
% CHANGE 6.1% 1.5%
AVERAGE SOLD/LIST PRICE DIFFERENCE
2014 93.3% 92.2%
2015 94.5% 93.5%
% CHANGE 1.2% 1.4%
OLD GREENWICH, CT | Web: 0067734 | $5,400,000 | Lisa Weicker | 203.983.3805
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GREENWICH BROKERAGE | One Pickwick Plaza | Greenwich, CT 06830 | +1.203.869.4343 SothebysHomes.comSotheby’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 | Q3 2015
ANDREWS FARMGreenwich Brokerage | Bill Andruss | 203.618.3101
STILLMAN LANEGreenwich Brokerage | Leslie McElwreath | 203.618.3165
PRIVATE COUNTRY ESTATE Greenwich Brokerage | Marijane Bates Hvolbeck | 203.921.8770
MODERN ELEGANCE ON LONG ISLAND SOUNDGreenwich Brokerage | Joseph Barbieri | 203.618.3112
AUCTION CALENDAR OCTOBER | NOVEMBER 2015
American Paintings, Drawings and Sculpture New York 02 Oct
Modern and Contemporary Asian Art Evening Sale Hong Kong 04 Oct
Photographs New York 07 Oct
RM Sotheby’s: Hershey Hershey 08 – 09 Oct
Property from a Distinguished Private Asian Collection New York 15 Oct
Château Margaux 1900–2010 Direct From The Cellars: A Celebration of the Mentzelopoulos Era New York 17 Oct
Collections: European Decorative Arts New York 17 Oct
The Creative Genius of Sam Simon: A Lifetime of Memorabilia New York 22 Oct
Impressionist & Modern Art Evening Sale New York 05 Nov
Contemporary Art Evening Auction New York 11 Nov
Finest and Rarest Wines New York 14 Nov
American Art New York 18 Nov
Latin America: Modern Art Latin America: Contemporary Art New York 19 – 20 Nov
Prints & Multiples New York 23 – 24 Nov
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
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ROUND HILL ELEGANCEWeb ID: 0067787 | $4,750,000
Sophisticated stone and stucco residence on two
stunning acres in lower Round Hill. Meticulously
renovated offering high ceilings, custom finishes and
beautifully proportioned rooms. Fabulous first floor
master suite.
Greenwich Brokerage
Marijane Bates Hvolbeck | 203.921.8770
MID-COUNTRY SERENITYWeb ID: 0067642 | $4,495,000
A long tree-lined drive gives a scenic approach to
the tranquil setting of this custom-built architect-
designed home on 2.14± Mid-Country acres only a
couple miles from town.
Greenwich Brokerage
Joseph Barbieri | 203.618.3112
EXTRAORDINARY COUNTRY ESTATE Web ID: 0067428 | $10,988,000
Extraordinary stone and clapboard Georgian manor
perfectly situated on over 4 level, landscaped acres
on serene lane. Beautifully proportioned. Light filled
rooms, high ceilings, stunning architectural detail and
impeccable craftsmanship are featured throughout.
Greenwich Brokerage
Brad Hvolbeck | 203.618.3110
FEATURED LISTINGS