Market Report GREENWICH Q1-2022
# 1 REAL ESTATE BROKERAGE NORTH OF NYC EMPOWERSTIME US HOULIHAN LAWRENCE SCAN TO DISCOVER WHY WE’RE THE AREA’S HOME FOR REAL ESTATE TIMEEMPOWERSUS.COM Source: OKMLS, MHMLS, SmartMLS, GMLS, 1/1/2021-12/31/2021, Westchester, Putnam, Dutchess Counties NY, Greater Greenwich, Darien, New Canaan, total dollar volume sold/rented combined.
square feet.
bedroom
Spring is a special time in Greenwich, Connecticut. As daffodils emerge and “Crocus Hill” comes alive with a beautiful array of colored flowers, we begin to turn our attention away from the brisk winter to focus on warmer days ahead. In our local real estate market, the temperature remains hot as buyer demand exceeds a limited supply of available homes. At the close of the first quarter, there were just 145 homes for sale, a 49% decline from the same period a year ago. The market is tilted in favor of sellers, with median prices rising 13% in the quarter. In short, it remains an opportune time to sell a home in Greenwich. However, buyers have their pricing limits. Despite the headline-grabbing stories of properties that garner multiple bids and sell at or over the asking price, it’s important to note that 61% of the homes sold in Q1 sold at a discount to the asking price. Proper initial pricing remains the single best way to yield the highest selling price. In the pages ahead, we break down how our many neighborhoods performed in the quarter, but here are a few highlights: the $4M - $5M price range in Mid-Country Greenwich was the only price band that showed an uptick in homes in con tract, up 167%. Cos Cob experienced the biggest decline in days on market, falling 37%, on average, to just 89 days. And homes that sold in Riverside and Old Greenwich in the quarter did so, on average, at just over the asking price. For more than seven years, Houlihan Lawrence has been the #1 brokerage serving the Greenwich community. We remain grateful for our elite team of agents and their loyal clients. Thank you. With Warm Regards, Liz PresidentNunanand CEO
on
One-of-a-kind custom designed 15,795 square foot home is nothing short of perfection.
GREENWICH, CT · $7,195,000 WEB# MR2998792
GREENWICH, CT · $6,995,000 To-be-built. Eight Over 11,000 6 Room WEB# MR2886352
for pool and tennis court.
GREENWICH, CT · $5,800,000 Stunning with pool WEB# MR2995112
bedrooms.
Stunning stone Georgian in a top-notch Mid-Country location, close to town & schools.
Source: 1/1/21 - 3/31/21, · $10,995,000 WEB# MR2875672
and spa.
OLD GREENWICH, CT · $3,995,000 Walk to the water from this classic 6+ clapboard home private PrivateAssociationInOldGreenwich.comlane.
total sales both on and off MLS. Q1 2022 MARKET REPORT Executive Summary GREENWICH , CT
GREENWICH, CT · $5,900,000 Renovated 2.16 WEB# MR1727142
and expanded six-bedroom home sits atop
203.869.0700 · 203.698.1234 · HOULIHANLAWRENCE.COM@AROUNDGREENWICH @AROUNDGREENWICH/GREENWICHCTREALESTATE
acres with pool, tennis near town.
acres.
architectural details enhance renovated Colonial on one gated acre
TABLE OF CONTENTS FIRST QUARTER 2022 GREATER GREENWICH SingleFamilyHomeOverview GREENWICH NorthoftheParkway GREENWICH SouthoftheParkway GREENWICH SouthofthePostRoad COS RIVERSIDECOB OLD GREATERGREENWICHGREENWICH CondominiumOverview HOULIHANLAWRENCE.COM
GREATER GREENWICH QUARTERLY MARKET OVERVIEW 2022Q1 2021Q1 CHANGE% FULL2021YEAR FULL2020YEAR CHANGE% HOMES SOLD 142 200 -29.0% 1007 863 16.7% AVERAGE SALE PRICE $3,023,819 $2,966,451 1.9% $3,005,855 $2,667,708 12.7% MEDIAN SALE PRICE $2,525,000$2,237,500 12.8% $2,300,000 $2,075,000 10.8% AVERAGE PRICE PER SQUARE FOOT $639 $599 6.7% $634 $556 14.0% AVERAGE DAYS ON MARKET 138 171 -19.3% 124 205 -39.5% % SALE PRICE TO LIST PRICE 97.5% 96.2% 1.4% 97.4% 94.4% 3.2% TEN-YEAR MARKET HISTORY Average Sale Price $2,244,574 $2,688,907 $2,421,486 $2,203,756 $2,574,993 $2,393,006 $2,376,330 $2,667,708 $3,005,855 $3,023,819 Average Sale Price Average Price/SqFt $555 $610 $591 $564 $577 $562 $544 $556 $634 $639 Average Price/SqFt Days On Market 156 166 177 189 213 201 236 205 124 138 Days On Market %Sale Price to List Price 94.1 93.7 94.4 94.1 92.5 93.7 92.4 94.4 97.4 97.5 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales year-to-date.
GREATER GREENWICH SUPPLY DEMAND ANALYSIS AS OF MARCH 31, 2022 AS OF MARCH 31, 2021 2022 vs. 2021 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 6 15 0 20 22 1 -70.0% -31.8%
$3,000,000 - $3,999,999
21 11 2 33 19 2 -36.4% -42.1% $8,000,000 - $9,999,999 7 1 7 20 5 4
26 24 1 58 43 1 -55.2% -44.2%
$2,000,000 - $2,999,999
16 22 1 42 31 1 -61.9% -29.0% $4,000,000 - $4,999,999 18 13 1 28 12 2 -35.7% 8.3%
13 7 2 21 10 2 -38.1% -30.0%
$10,000,000 and up 20 3 7 21 3 7 -4.8% 0.0% MarketTotals 145 130 1 283 202 1 -48.8% -35.6% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202203/31/2022 01/01/202103/31/2021 % 2022/2021CHANGE 04/01/202103/31/2022 04/01/202003/31/2021 % 2021/2020CHANGE $0 - $999,999 16 25 -36.0% 101 124 -18.5% $1,000,000 - $1,999,999 42 62 -32.3% 269 318 -15.4% $2,000,000 - $2,999,999 27 49 -44.9% 234 226 3.5% $3,000,000 - $3,999,999 21 29 -27.6% 139 141 -1.4% $4,000,000 - $4,999,999 18 10 80.0% 78 50 56.0% $5,000,000 - $5,999,999 6 8 -25.0% 41 30 36.7% $6,000,000 - $7,999,999 4 9 -55.6% 53 37 43.2% $8,000,000 - $9,999,999 6 4 50.0% 21 15 40.0% $10,000,000 and up 2 4 -50.0% 13 19 -31.6% MarketTotals 142 200 -29.0% 949 960 -1.1% Source: Greenwich Multiple Listing Service, Single-family homes
$1,000,000 - $1,999,999
$6,000,000 - $7,999,999 -65.0% -80.0%
18 34 1 40 57 1 -55.0% -40.4%
$5,000,000 - $5,999,999
GREENWICH NORTH OF THE PARKWAY QUARTERLY MARKET OVERVIEW 2022Q1 2021Q1 CHANGE% FULL2021YEAR FULL2020YEAR CHANGE% HOMES SOLD 22 25 -12.0% 97 107 -9.3% AVERAGE SALE PRICE $3,159,886 $4,450,040 -29.0% $3,953,143 $2,851,219 38.6% MEDIAN SALE PRICE $2,937,500$2,450,000 19.9% $3,000,000 $2,500,000 20.0% AVERAGE PRICE PER SQUARE FOOT $550 $603 -8.8% $551 $455 21.1% AVERAGE DAYS ON MARKET 156 179 -12.8% 220 266 -17.3% % SALE PRICE TO LIST PRICE 95.9% 95.2% 0.7% 96.5% 94.2% 2.4% TEN-YEAR MARKET HISTORY Average Sale Price $3,106,132 $4,136,921 $2,834,463 $2,939,222 $3,590,745 $3,264,086 $3,156,247 $2,851,219 $3,953,143 $3,159,886 Average Sale Price Average Price/SqFt $524 $558 $524 $470 $500 $494 $503 $455 $551 $550 Average Price/SqFt Days On Market 286 349 282 361 454 302 354 266 220 156 Days On Market %Sale Price to List Price 91.5 90.5 92.7 91.8 85.7 91.9 90.1 94.2 96.5 95.9 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales year-to-date.
3 1 3 5 4 1 -40.0% -75.0%
$6,000,000 - $7,999,999
$3,000,000 - $3,999,999
6 1 6 8 0 Not Valid -25.0% 0.0%
7 1 7 8 0 Not Valid -12.5% 0.0% MarketTotals 34 9 4 53 22 2 -35.8% -59.1% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202203/31/2022 01/01/202103/31/2021 % 2022/2021CHANGE 04/01/202103/31/2022 04/01/202003/31/2021 % 2021/2020CHANGE $0 - $999,999 0 2 -100.0% 5 12 -58.3% $1,000,000 - $1,999,999 7 4 75.0% 14 34 -58.8% $2,000,000 - $2,999,999 5 9 -44.4% 24 28 -14.3% $3,000,000 - $3,999,999 4 5 -20.0% 20 23 -13.0% $4,000,000 - $4,999,999 4 2 100.0% 12 14 -14.3% $5,000,000 - $5,999,999 0 1 -100.0% 7 3 133.3% $6,000,000 - $7,999,999 2 1 100.0% 5 2 150.0% $8,000,000 - $9,999,999 0 0 Not Valid 6 2 200.0% $10,000,000 and up 0 1 -100.0% 1 3 -66.7% MarketTotals 22 25 -12.0% 94 121 -22.3% Source: Greenwich Multiple Listing Service, Single-family homes
$5,000,000 - $5,999,999
4 1 4 5 5 1 -20.0% -80.0%
GREENWICH NORTH OF THE PARKWAY SUPPLY DEMAND ANALYSIS AS OF MARCH 31, 2022 AS OF MARCH 31, 2021 2022 vs. 2021 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 0 1 0 1 2 1 -100.0% -50.0%
7 3 2 6 5 1 16.7% -40.0%
3 0 Not Valid 5 2 3 -40.0% -100.0%
$4,000,000 - $4,999,999
2 1 2 8 2 4 -75.0%
$8,000,000 - $9,999,999 -50.0%
$10,000,000 and up
$1,000,000 - $1,999,999
2 0 Not Valid 7 2 4 -71.4% -100.0%
$2,000,000 - $2,999,999
GREENWICH SOUTH OF THE PARKWAY QUARTERLY MARKET OVERVIEW 2022Q1 2021Q1 CHANGE% FULL2021YEAR FULL2020YEAR CHANGE% HOMES SOLD 56 71 -21.1% 354 295 20.0% AVERAGE SALE PRICE $3,578,341 $3,369,827 6.2% $3,212,533 $2,941,272 9.2% MEDIAN SALE PRICE $2,895,000$2,750,000 5.3% $2,587,500 $2,450,000 5.6% AVERAGE PRICE PER SQUARE FOOT $629 $570 10.4% $595 $530 12.3% AVERAGE DAYS ON MARKET 148 199 -25.6% 145 237 -38.8% % SALE PRICE TO LIST PRICE 96.8% 95.7% 1.1% 97.0% 94.9% 2.2% TEN-YEAR MARKET HISTORY Average Sale Price $2,774,982 $2,698,854 $3,075,190 $2,403,016 $2,769,791 $2,670,378 $2,537,605 $2,941,272 $3,212,533 $3,578,341 Average Sale Price Average Price/SqFt $536 $566 $586 $534 $549 $536 $499 $530 $595 $629 Average Price/SqFt Days On Market 169 187 192 211 228 214 275 237 145 148 Days On Market %Sale Price to List Price 94.0 93.8 93.7 94.0 93.0 92.8 91.9 94.9 97.0 96.8 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales year-to-date.
$4,000,000 - $4,999,999
$3,000,000 - $3,999,999
7 11 1 19 15 1 -63.2% -26.7%
10 6 2 10 6 2 0.0% 0.0%
$5,000,000 - $5,999,999
$1,000,000 - $1,999,999
$6,000,000 - $7,999,999
2 6 0 12 11 1 -83.3% -45.5%
$2,000,000 - $2,999,999
12 8 2 18 14 1 -33.3% -42.9% $8,000,000 - $9,999,999 5 0 Not Valid 8 2 4 -37.5% -100.0% $10,000,000 and up 8 2 4 6 0 Not Valid 33.3% 0.0% MarketTotals 55 57 1 117 69 2 -53.0% -17.4% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202203/31/2022 01/01/202103/31/2021 % 2022/2021CHANGE 04/01/202103/31/2022 04/01/202003/31/2021 % 2021/2020CHANGE $0 - $999,999 7 10 -30.0% 41 34 20.6% $1,000,000 - $1,999,999 9 13 -30.8% 70 81 -13.6% $2,000,000 - $2,999,999 13 18 -27.8% 81 91 -11.0% $3,000,000 - $3,999,999 9 12 -25.0% 53 55 -3.6% $4,000,000 - $4,999,999 6 5 20.0% 32 17 88.2% $5,000,000 - $5,999,999 4 3 33.3% 19 17 11.8% $6,000,000 - $7,999,999 1 4 -75.0% 26 21 23.8% $8,000,000 - $9,999,999 6 4 50.0% 14 10 40.0% $10,000,000 and up 1 2 -50.0% 3 4 -25.0% MarketTotals 56 71 -21.1% 339 330 2.7% Source: Greenwich Multiple Listing Service, Single-family homes
3 12 0 22 13 2 -86.4% -7.7%
GREENWICH SOUTH OF THE PARKWAY SUPPLY DEMAND ANALYSIS AS OF MARCH 31, 2022 AS OF MARCH 31, 2021 2022 vs. 2021 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 0 4 0 9 5 2 -100.0% -20.0%
8 8 1 13 3 4 -38.5% 166.7%
GREENWICH SOUTH OF THE POST ROAD QUARTERLY MARKET OVERVIEW 2022Q1 2021Q1 CHANGE% FULL2021YEAR FULL2020YEAR CHANGE% HOMES SOLD 17 33 -48.5% 125 98 27.6% AVERAGE SALE PRICE $3,398,352 $2,888,575 17.6% $3,902,363 $3,458,830 12.8% MEDIAN SALE PRICE $3,500,000$1,875,000 86.7% $2,380,000 $2,100,000 13.3% AVERAGE PRICE PER SQUARE FOOT $696 $652 6.7% $709 $676 4.9% AVERAGE DAYS ON MARKET 255 206 23.8% 146 206 -29.1% % SALE PRICE TO LIST PRICE 97.3% 96.1% 1.2% 95.6% 91.1% 4.9% TEN-YEAR MARKET HISTORY Average Sale Price $2,219,081 $4,083,817 $2,043,325 $2,545,622 $2,977,955 $2,371,594 $2,896,440 $3,458,830 $3,902,363 $3,398,352 Average Sale Price Average Price/SqFt $577 $726 $597 $622 $638 $666 $667 $676 $709 $696 Average Price/SqFt Days On Market 160 172 191 149 184 218 235 206 146 255 Days On Market %Sale Price to List Price 92.6 93.4 96.2 92.3 91.5 94.5 92.6 91.1 95.6 97.3 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales year-to-date.
0 2 0 3 2 2 -100.0% 0.0%
0 1 0 4 0 Not Valid -100.0% 0.0%
$5,000,000 - $5,999,999
$3,000,000 - $3,999,999
$1,000,000 - $1,999,999
2 3 1 10 4 3 -80.0% -25.0%
$2,000,000 - $2,999,999
$4,000,000 - $4,999,999
2 2 1 4 1 4 -50.0% 100.0%
GREENWICH SOUTH OF THE POST ROAD SUPPLY DEMAND ANALYSIS AS OF MARCH 31, 2022 AS OF MARCH 31, 2021 2022 vs. 2021 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 2 2 1 3 3 1 -33.3% -33.3%
$8,000,000 - $9,999,999
4 3 1 5 3 2 -20.0% 0.0%
3 2 2 7 4 2 -57.1% -50.0%
$6,000,000 - $7,999,999
0 0 0 4 0 Not Valid -100.0% 0.0% $10,000,000 and up 4 0 Not Valid 7 3 2 -42.9% -100.0% MarketTotals 17 15 1 47 20 2 -63.8% -25.0% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202203/31/2022 01/01/202103/31/2021 % 2022/2021CHANGE 04/01/202103/31/2022 04/01/202003/31/2021 % 2021/2020CHANGE $0 - $999,999 3 7 -57.1% 16 26 -38.5% $1,000,000 - $1,999,999 2 10 -80.0% 24 28 -14.3% $2,000,000 - $2,999,999 2 4 -50.0% 21 21 0.0% $3,000,000 - $3,999,999 3 3 0.0% 13 14 -7.1% $4,000,000 - $4,999,999 5 3 66.7% 13 6 116.7% $5,000,000 - $5,999,999 1 2 -50.0% 5 3 66.7% $6,000,000 - $7,999,999 0 3 -100.0% 7 9 -22.2% $8,000,000 - $9,999,999 0 0 Not Valid 1 2 -50.0% $10,000,000 and up 1 1 0.0% 9 9 0.0% MarketTotals 17 33 -48.5% 109 118 -7.6% Source: Greenwich Multiple Listing Service, Single-family homes
COS COB QUARTERLY MARKET OVERVIEW 2022Q1 2021Q1 CHANGE% FULL2021YEAR FULL2020YEAR CHANGE% HOMES SOLD 17 19 -10.5% 108 87 24.1% AVERAGE SALE PRICE $1,666,251 $1,455,157 14.5% $1,645,808 $1,408,910 16.8% MEDIAN SALE PRICE $1,450,000$1,292,500 12.2% $1,380,000 $1,260,000 9.5% AVERAGE PRICE PER SQUARE FOOT $538 $510 5.5% $531 $444 19.6% AVERAGE DAYS ON MARKET 89 142 -37.3% 105 200 -47.5% % SALE PRICE TO LIST PRICE 99.4% 96.7% 2.8% 98.1% 96.1% 2.1% TEN-YEAR MARKET HISTORY Average Sale Price $1,241,224 $1,254,598 $1,365,294 $1,321,116 $1,331,751 $1,564,416 $1,248,246 $1,408,910 $1,645,808 $1,666,251 Average Sale Price Average Price/SqFt $471 $465 $506 $489 $456 $485 $435 $444 $531 $538 Average Price/SqFt Days On Market 131 103 143 162 150 164 172 200 105 89 Days On Market %Sale Price to List Price 95.0 96.1 96.2 96.0 95.0 95.4 94.4 96.1 98.1 99.4 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales year-to-date.
0 0 0 0 0 0 0.0% 0.0%
$8,000,000 - $9,999,999
2 2 1 8 3 3 -75.0% -33.3%
COS COB SUPPLY DEMAND ANALYSIS AS OF MARCH 31, 2022 AS OF MARCH 31, 2021 2022 vs. 2021 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 2 0 Not Valid 3 4 1 -33.3% -100.0%
4 8 1 5 15 0 -20.0% -46.7%
$5,000,000 - $5,999,999
2 2 1 2 1 2 0.0% 100.0%
$4,000,000 - $4,999,999
0 1 0 0 0 0 0.0% 0.0%
$1,000,000 - $1,999,999
$6,000,000 - $7,999,999
0 0 0 0 0 0 0.0% 0.0% $10,000,000 and up 0 0 0 0 0 0 0.0% 0.0% MarketTotals 10 13 1 18 23 1 -44.4% -43.5% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202203/31/2022 01/01/202103/31/2021 % 2022/2021CHANGE 04/01/202103/31/2022 04/01/202003/31/2021 % 2021/2020CHANGE $0 - $999,999 3 2 50.0% 20 22 -9.1% $1,000,000 - $1,999,999 10 14 -28.6% 56 55 1.8% $2,000,000 - $2,999,999 3 2 50.0% 22 14 57.1% $3,000,000 - $3,999,999 1 1 0.0% 7 3 133.3% $4,000,000 - $4,999,999 0 0 Not Valid 1 0 Not Valid $5,000,000 - $5,999,999 0 0 Not Valid 0 0 Not Valid $6,000,000 - $7,999,999 0 0 Not Valid 0 0 Not Valid $8,000,000 - $9,999,999 0 0 Not Valid 0 0 Not Valid $10,000,000 and up 0 0 Not Valid 0 0 Not Valid MarketTotals 17 19 -10.5% 106 94 12.8% Source: Greenwich Multiple Listing Service, Single-family homes
0 0 0 0 0 0 0.0% 0.0%
$2,000,000 - $2,999,999
$3,000,000 - $3,999,999
RIVERSIDE QUARTERLY MARKET OVERVIEW 2022Q1 2021Q1 CHANGE% FULL2021YEAR FULL2020YEAR CHANGE% HOMES SOLD 15 31 -51.6% 163 135 20.7% AVERAGE SALE PRICE $2,189,633 $2,363,169 -7.3% $2,614,485 $2,587,852 1.0% MEDIAN SALE PRICE $1,850,000$2,025,000 -8.6% $2,205,000 $2,080,000 6.0% AVERAGE PRICE PER SQUARE FOOT $695 $598 16.2% $677 $618 9.5% AVERAGE DAYS ON MARKET 72 120 -40.0% 81 151 -46.4% % SALE PRICE TO LIST PRICE 100.9% 97.5% 3.5% 99.7% 94.3% 5.7% TEN-YEAR MARKET HISTORY Average Sale Price $1,962,380 $2,000,919 $2,275,811 $2,121,616 $2,371,435 $2,353,592 $1,945,173 $2,587,852 $2,614,485 $2,189,633 Average Sale Price Average Price/SqFt $582 $598 $634 $600 $619 $594 $542 $618 $677 $695 Average Price/SqFt Days On Market 132 110 123 155 152 175 194 151 81 72 Days On Market %Sale Price to List Price 96.1 96.6 94.6 93.9 94.7 94.9 94.1 94.3 99.7 100.9 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales year-to-date.
0 0 0 2 1 2 -100.0% -100.0% $8,000,000 - $9,999,999 0 0 0 0 0 0 0.0% 0.0% $10,000,000 and up 1 0 Not Valid 0 0 0 0.0% 0.0% MarketTotals 16 22 1 29 38 1 -44.8% -42.1% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202203/31/2022 01/01/202103/31/2021 % 2022/2021CHANGE 04/01/202103/31/2022 04/01/202003/31/2021 % 2021/2020CHANGE $0 - $999,999 2 3 -33.3% 14 14 0.0% $1,000,000 - $1,999,999 7 12 -41.7% 49 58 -15.5% $2,000,000 - $2,999,999 2 9 -77.8% 37 36 2.8% $3,000,000 - $3,999,999 3 4 -25.0% 25 27 -7.4% $4,000,000 - $4,999,999 0 0 Not Valid 9 6 50.0% $5,000,000 - $5,999,999 1 2 -50.0% 9 4 125.0% $6,000,000 - $7,999,999 0 1 -100.0% 4 3 33.3% $8,000,000 - $9,999,999 0 0 Not Valid 0 0 Not Valid $10,000,000 and up 0 0 Not Valid 0 3 -100.0% MarketTotals 15 31 -51.6% 147 151 -2.6% Source: Greenwich Multiple Listing Service, Single-family homes
0 0 0 1 2 1 -100.0% -100.0%
2 8 0 6 13 0 -66.7% -38.5%
$6,000,000 - $7,999,999
4 3 1 8 9 1 -50.0% -66.7%
4 4 1 4 8 1 0.0% -50.0% $4,000,000 - $4,999,999 5 1 5 5 2 3 0.0% -50.0%
$1,000,000 - $1,999,999
$3,000,000 - $3,999,999
$2,000,000 - $2,999,999
RIVERSIDE SUPPLY DEMAND ANALYSIS AS OF MARCH 31, 2022 AS OF MARCH 31, 2021 2022 vs. 2021 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 0 6 0 3 3 1 -100.0% 100.0%
$5,000,000 - $5,999,999
OLD GREENWICH QUARTERLY MARKET OVERVIEW 2022Q1 2021Q1 CHANGE% FULL2021YEAR FULL2020YEAR CHANGE% HOMES SOLD 15 20 -25.0% 155 138 12.3% AVERAGE SALE PRICE $2,702,333 $2,232,612 21.0% $2,624,038 $2,284,319 14.9% MEDIAN SALE PRICE $1,895,000$2,077,500 -8.8% $2,250,000 $1,900,000 18.4% AVERAGE PRICE PER SQUARE FOOT $810 $709 14.2% $750 $625 20.0% AVERAGE DAYS ON MARKET 65 117 -44.4% 60 133 -54.9% % SALE PRICE TO LIST PRICE 100.2% 99.0% 1.2% 99.3% 96.3% 3.1% TEN-YEAR MARKET HISTORY Average Sale Price $1,753,566 $2,564,436 $2,017,057 $1,997,289 $2,455,255 $2,166,274 $2,323,307 $2,284,319 $2,624,038 $2,702,333 Average Sale Price Average Price/SqFt $615 $749 $644 $646 $709 $614 $636 $625 $750 $810 Average Price/SqFt Days On Market 103 116 157 149 184 176 170 133 60 65 Days On Market %Sale Price to List Price 95.0 94.1 96.2 96.9 94.7 94.2 93.6 96.3 99.3 100.2 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales year-to-date.
0 0 0 1 0 Not Valid -100.0% 0.0%
$6,000,000 - $7,999,999
$3,000,000 - $3,999,999
1 0 Not Valid 2 1 2 -50.0% -100.0%
1 1 1 2 4 1 -50.0% -75.0%
4 2 2 7 7 1 -42.9% -71.4%
1 0 Not Valid 1 3 0 0.0% -100.0% $8,000,000 - $9,999,999 0 0 0 0 1 0 0.0% -100.0% $10,000,000 and up 0 0 0 0 0 0 0.0% 0.0% MarketTotals 11 14 1 18 30 1 -38.9% -53.3% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202203/31/2022 01/01/202103/31/2021 % 2022/2021CHANGE 04/01/202103/31/2022 04/01/202003/31/2021 % 2021/2020CHANGE $0 - $999,999 1 1 0.0% 4 15 -73.3% $1,000,000 - $1,999,999 7 8 -12.5% 54 59 -8.5% $2,000,000 - $2,999,999 2 7 -71.4% 48 36 33.3% $3,000,000 - $3,999,999 1 4 -75.0% 21 19 10.5% $4,000,000 - $4,999,999 3 0 Not Valid 11 7 57.1% $5,000,000 - $5,999,999 0 0 Not Valid 1 3 -66.7% $6,000,000 - $7,999,999 1 0 Not Valid 11 2 450.0% $8,000,000 - $9,999,999 0 0 Not Valid 0 1 -100.0% $10,000,000 and up 0 0 Not Valid 0 0 Not Valid MarketTotals 15 20 -25.0% 150 142 5.6% Source: Greenwich Multiple Listing Service, Single-family homes
OLD GREENWICH SUPPLY DEMAND ANALYSIS AS OF MARCH 31, 2022 AS OF MARCH 31, 2021 2022 vs. 2021 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 2 2 1 1 5 0 100.0% -60.0%
$5,000,000 - $5,999,999
2 9 0 4 9 0 -50.0% 0.0%
$1,000,000 - $1,999,999
$2,000,000 - $2,999,999
$4,000,000 - $4,999,999
GREATER GREENWICH CONDOMINIUMS QUARTERLY MARKET OVERVIEW 2022Q1 2021Q1 CHANGE% FULL2021YEAR FULL2020YEAR CHANGE% UNITS SOLD 40 56 -28.6% 237 179 32.4% AVERAGE SALE PRICE $1,169,673$1,119,332 4.5% $1,090,803 $1,084,790 0.6% MEDIAN SALE PRICE $781,250 $762,500 2.5% $790,000 $799,000 -1.1% AVERAGE PRICE PER SQUARE FOOT $597 $514 16.1% $548 $524 4.6% AVERAGE DAYS ON MARKET 81 156 -48.1% 127 166 -23.5% % SALE PRICE TO LIST PRICE 100.4% 96.4% 4.1% 97.6% 93.9% 3.9% TEN-YEAR MARKET HISTORY Average Sale Price $842,525 $901,903 $1,028,489 $981,069 $1,030,294 $1,003,349 $959,215 $1,084,790 $1,090,803 $1,169,673 Average Sale Price Average Price/SqFt $436 $456 $495 $488 $492 $508 $480 $524 $548 $597 Average Price/SqFt Days On Market 186 154 139 133 146 179 174 166 127 81 Days On Market %Sale Price to List Price 95.0 95.6 96.2 96.5 95.0 96.0 95.4 93.9 97.6 100.4 %Sale Price to List Price * Homes sold for 2022 are annualized based on actual sales year-to-date.
0 0 0 0 0 0 0.0% 0.0% $8,000,000 - $9,999,999 0 0 0 0 0 0 0.0% 0.0% $10,000,000 and up 0 0 0 0 0 0 0.0% 0.0% MarketTotals 36 27 1 58 47 1 -37.9% -42.6% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand SOLD PROPERTIES YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202203/31/2022 01/01/202103/31/2021 % 2022/2021CHANGE 04/01/202103/31/2022 04/01/202003/31/2021 % 2021/2020CHANGE $0 - $999,999 26 37 -29.7% 145 131 10.7% $1,000,000 - $1,999,999 7 13 -46.2% 46 48 -4.2% $2,000,000 - $2,999,999 4 1 300.0% 18 16 12.5% $3,000,000 - $3,999,999 2 5 -60.0% 9 12 -25.0% $4,000,000 - $4,999,999 1 0 Not Valid 3 0 Not Valid $5,000,000 - $5,999,999 0 0 Not Valid 0 0 Not Valid $6,000,000 - $7,999,999 0 0 Not Valid 0 0 Not Valid $8,000,000 - $9,999,999 0 0 Not Valid 0 0 Not Valid $10,000,000 and up 0 0 Not Valid 0 0 Not Valid MarketTotals 40 56 -28.6% 221 207 6.8% Source: Greenwich Multiple Listing Service, Condominium
4 1 4 5 1 5 -20.0% 0.0%
11 7 2 11 12 1 0.0% -41.7%
$2,000,000 - $2,999,999
10 2 5 3 4 1 233.3% -50.0%
0 0 0 1 0 Not Valid -100.0% 0.0%
0 2 0 2 0 Not Valid -100.0% 0.0%
$5,000,000 - $5,999,999
$3,000,000 - $3,999,999
$1,000,000 - $1,999,999
$6,000,000 - $7,999,999
GREATER GREENWICH CONDOMINIUMS SUPPLY DEMAND ANALYSIS AS OF MARCH 31, 2022 AS OF MARCH 31, 2021 2022 vs. 2021 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 11 15 1 36 30 1 -69.4% -50.0%
$4,000,000 - $4,999,999
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