2021Q3
REPORTMARKET
GREENWICH
Stunning Hamptons-style architectural detail home set back on 1.63 acres with pool. HamptonsMeetGreenwich.com
GREENWICH, CT · $3,495,000 Sun-filled five bedroom stone and shingle country home on private 1.3 manicured acres in Chieftans. GreenwichGatedCommunity.com
GREENWICH, CT · $7,998,000 WEB LT1738686
GREENWICH, CT · $7,495,000 New home to perfectly sited 1.34 with pool overlooking tranquil lake. WEB # LT1715102
Time to customize this ultra-stylish modern Colonial to-be-built by Hawthorne Development.
acres
GREENWICH, CT · $5,795,000
GREENWICH, CT · $4,495,000 Ultra-chic just completed home boasts a stylishly reimagined five-bedroom home with pool. WEB # LT1718623
GREENWICH, CT · $3,395,000 Handsome five-bedroom home on 2.12 acres on sought after cul-de-sac close to town. Pool. WEB # LT2872062
be constructed
RIVERSIDE, CT · $4,295,000 Beautiful backyard with pool complements renovated five-bedroom Colonial on culde-sac. WEB # LT1737037
GREENWICH, CT · $3,350,000 Handsome stone and clapboard Colonial in a quiet private setting at the end of a cul-de-sac in Mid-Country with pool. WEB# LT2874362
GREENWICH, CT · $6,150,000 Ultra-chic six bedroom modern custom home completely renovated/expanded overlooking Baldwin Lake. GreenwichModernLiving.com
on
#
203.869.0700 · 203.698.1234 · @AROUNDGREENWICHHOULIHANLAWRENCE.COM/GREENWICHCTREALESTATE@AROUNDGREENWICH Source: GMLS, 2015, 2016, 2017, 2018, 2019, 2020, 1.1.2021 - 9.30.2021, total dollar volume of single family homes sold by company, Greenwich, Cos Cob, Riverside and Old Greenwich. # 1 Brokerage in Greenwich 6 YEARS AND COUNTING
203.869.0700 · 203.698.1234 · @AROUNDGREENWICHHOULIHANLAWRENCE.COM/GREENWICHCTREALESTATE@AROUNDGREENWICH
2021Q3 REPORTMARKET
With Warm Regards, Liz PresidentNunanand CEO GREENWICH, CT · $7,295,000 home terrace pool overlooking the Sound. OldGreenwichCoastalLiving.com
with
and
Exceptional six-bedroom resort-style
Robust demand for homes in Greenwich, Connecticut, continued in the third quarter but at a more normalized pace than the prior quarter. Home sales rose more than 2% as buyers struggled with fewer offerings and shrugged off homes they determined to be overpriced. Ambitious sellers are learning that buyers are happy to wait for price reductions before taking the plunge, while strategically priced homes experience bidding wars. On average, it took only 87 days to sell a home in the third quarter - a 50% decline from a year ago - suggesting buyers remain poised to leap when the right opportunity comes to market. Continued low mortgage rates coupled with significant investment portfolio appreciation in the last few years have given home-seekers more buying power adding fuel to unit sales and pricing here. The Cos Cob area experienced the most significant uptick in sales and price with a nearly 40% jump in closings and a 30% increase in median price as buyers found greater value in this centrally located part of town. Buyers and sellers in Old Greenwich raced to contract faster in the quarter than anywhere else in town in an average of just 38 days on the market! And homes that sold in Riverside in Q3 did so, on average, over their asking price. The top sales in the quarter were located in the Belle Haven peninsula, suggesting that luxury buyers love living close to, or on, Greenwich’s 31 miles of coastline. More detailed information on our market areas is in the pages that follow. Houlihan Lawrence celebrated eight years in Greenwich during the quarter. We are inspired by the community here and grateful for our agents, loyal clients, and support team for making us the #1 brokerage serving this wonderful hometown. Thank you.
OLD
Source: 1/1/21-9/30/21, total sales both on and off MLS.
TABLE OF CONTENTS THIRD QUARTER 2021 GREATER GREENWICH SingleFamilyHomeOverview GREENWICH NorthoftheParkway GREENWICH SouthoftheParkway GREENWICH SouthofthePostRoad COS RIVERSIDECOB OLD GREATERGREENWICHGREENWICH CondominiumOverview HOULIHANLAWRENCE.COM
GREATER GREENWICH QUARTERLY MARKET OVERVIEW Q3 2021 Q3 2020 % CHANGE YTD 2021 YTD 2020 % CHANGE HOMES SOLD 319 311 2.6% 832 580 43.4% AVERAGE SALE PRICE $2,944,568 $2,678,476 9.9% $2,978,597 $2,581,748 15.4% MEDIAN SALE PRICE $2,300,000 $2,125,000 8.2% $2,303,000 $2,090,000 10.2% AVERAGE PRICE PER SQUARE FOOT $654 $572 14.3% $631 $548 15.1% AVERAGE DAYS ON MARKET 87 177 -50.8% 126 221 -43.0% % SALE PRICE TO LIST PRICE 98.5% 95.6% 3.0% 97.6% 94.0% 3.8% TEN-YEAR MARKET HISTORY Average Sale Price $2,376,996 $2,244,574 $2,688,907 $2,421,486 $2,203,756 $2,574,993 $2,393,006 $2,376,330 $2,667,708 $2,978,597 Average Sale Price Average Price/SqFt $554 $555 $610 $591 $564 $577 $562 $544 $556 $631 Average Price/SqFt Days On Market 173 156 166 177 189 213 201 236 205 126 Days On Market %Sale Price to List Price 91.9 94.1 93.7 94.4 94.1 92.5 93.7 92.4 94.4 97.6 %Sale Price to List Price * Homes sold for 2021 are annualized based on actual sales year-to-date.
$5,000,000 - $5,999,999
57 32 2 102 66 2 -44.1% -51.5%
20 3 7 29 5 6 -31.0% -40.0%
$4,000,000 - $4,999,999
30 7 4 37 12 3 -18.9% -41.7%
GREATER GREENWICH SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2021 AS OF SEPTEMBER 30, 2020 2021 vs. 2020 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 19 13 1 35 17 2 -45.7% -23.5%
$1,000,000 - $1,999,999
$6,000,000 - $7,999,999 -17.6%
37 15 2 80 26 3 -53.8% -42.3%
$2,000,000 - $2,999,999
33.3% $10,000,000 and up 21 1 21 33 4 8 -36.4% -75.0% MarketTotals 268 103 3 486 172 3 -44.9% -40.1% *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 01/01/2021 09/30/2021- 01/01/2020 09/30/2020- % 2021/2020CHANGE 10/01/202009/30/2021 10/01/2019 09/30/2020- % 2020/2019CHANGE $0 - $999,999 88 82 7.3% 123 107 15.0% $1,000,000 - $1,999,999 233 198 17.7% 334 241 38.6% $2,000,000 - $2,999,999 215 135 59.3% 274 161 70.2% $3,000,000 - $3,999,999 127 87 46.0% 166 99 67.7% $4,000,000 - $4,999,999 58 30 93.3% 74 36 105.6% $5,000,000 - $5,999,999 35 16 118.8% 44 17 158.8% $6,000,000 - $7,999,999 50 19 163.2% 61 22 177.3% $8,000,000 - $9,999,999 15 5 200.0% 21 6 250.0% $10,000,000 and up 11 8 37.5% 18 9 100.0% MarketTotals 832 580 43.4% 1115 698 59.7% Source: Greenwich Multiple Listing Service, Single-family homes
$3,000,000 - $3,999,999
46 19 2 105 32 3 -56.2% -40.6%
24 9 3 48 7 7 -50.0% 28.6% $8,000,000 - $9,999,999 14 4 4 17 3 6
GREENWICH NORTH OF THE PARKWAY QUARTERLY MARKET OVERVIEW Q3 2021 Q3 2020 % CHANGE YTD 2021 YTD 2020 % CHANGE HOMES SOLD 27 40 -32.5% 81 71 14.1% AVERAGE SALE PRICE $4,135,212 $2,893,012 42.9% $4,057,577 $2,628,858 54.3% MEDIAN SALE PRICE $3,100,000 $2,437,500 27.2% $3,000,000 $2,375,000 26.3% AVERAGE PRICE PER SQUARE FOOT $602 $456 32.0% $565 $430 31.4% AVERAGE DAYS ON MARKET 233 200 16.5% 218 277 -21.3% % SALE PRICE TO LIST PRICE 97.1% 95.6% 1.6% 96.1% 93.9% 2.3% TEN-YEAR MARKET HISTORY Average Sale Price $3,488,007 $3,106,132 $4,136,921 $2,834,463 $2,939,222 $3,590,745 $3,264,086 $3,156,247 $2,851,219 $4,057,577 Average Sale Price Average Price/SqFt $498 $524 $558 $524 $470 $500 $494 $503 $455 $565 Average Price/SqFt Days On Market 288 286 349 282 361 454 302 354 266 218 Days On Market %Sale Price to List Price 89.2 91.5 90.5 92.7 91.8 85.7 91.9 90.1 94.2 96.1 %Sale Price to List Price * Homes sold for 2021 are annualized based on actual sales year-to-date.
3 1 3 5 1 5 -40.0% 0.0% $6,000,000 - $7,999,999 7 1 7 10 0 Not Valid -30.0% 0.0%
$5,000,000 - $5,999,999
4 1 4 8 1 8 -50.0% 0.0% $10,000,000 and up 9 0 Not Valid 12 1 12 -25.0% -100.0% MarketTotals 57 10 6 88 23 4 -35.2% -56.5% *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 01/01/2021 09/30/2021- 01/01/2020 09/30/2020- % 2021/2020CHANGE 10/01/202009/30/2021 10/01/2019 09/30/2020- % 2020/2019CHANGE $0 - $999,999 5 7 -28.6% 9 7 28.6% $1,000,000 - $1,999,999 8 24 -66.7% 19 30 -36.7% $2,000,000 - $2,999,999 26 17 52.9% 31 22 40.9% $3,000,000 - $3,999,999 17 11 54.5% 25 15 66.7% $4,000,000 - $4,999,999 8 9 -11.1% 12 11 9.1% $5,000,000 - $5,999,999 6 1 500.0% 7 1 600.0% $6,000,000 - $7,999,999 4 1 300.0% 4 2 100.0% $8,000,000 - $9,999,999 5 0 Not Valid 7 1 600.0% $10,000,000 and up 2 1 100.0% 3 2 50.0% MarketTotals 81 71 14.1% 117 91 28.6% Source: Greenwich Multiple Listing Service, Single-family homes
$8,000,000 - $9,999,999
GREENWICH NORTH OF THE PARKWAY SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2021 AS OF SEPTEMBER 30, 2020 2021 vs. 2020 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 0 1 0 3 2 2 -100.0% -50.0% $1,000,000 - $1,999,999 9 0 Not Valid 11 7 2 -18.2% -100.0% $2,000,000 - $2,999,999 11 1 11 17 3 6 -35.3% -66.7% $3,000,000 - $3,999,999 7 3 2 13 5 3 -46.2% -40.0% $4,000,000 - $4,999,999 7 2 4 9 3 3 -22.2% -33.3%
GREENWICH SOUTH OF THE PARKWAY QUARTERLY MARKET OVERVIEW Q3 2021 Q3 2020 % CHANGE YTD 2021 YTD 2020 % CHANGE HOMES SOLD 111 100 11.0% 289 195 48.2% AVERAGE SALE PRICE $3,215,863 $3,203,840 0.4% $3,308,875 $2,942,464 12.5% MEDIAN SALE PRICE $2,500,000 $2,747,500 -9.0% $2,750,000 $2,500,000 10.0% AVERAGE PRICE PER SQUARE FOOT $610 $555 9.9% $591 $526 12.4% AVERAGE DAYS ON MARKET 100 219 -54.3% 149 248 -39.9% % SALE PRICE TO LIST PRICE 98.1% 96.4% 1.8% 97.1% 94.4% 2.9% TEN-YEAR MARKET HISTORY Average Sale Price $2,788,964 $2,774,982 $2,698,854 $3,075,190 $2,403,016 $2,769,791 $2,670,378 $2,537,605 $2,941,272 $3,308,875 Average Sale Price Average Price/SqFt $569 $536 $566 $586 $534 $549 $536 $499 $530 $591 Average Price/SqFt Days On Market 176 169 187 192 211 228 214 275 237 149 Days On Market %Sale Price to List Price 91.7 94.0 93.8 93.7 94.0 93.0 92.8 91.9 94.9 97.1 %Sale Price to List Price * Homes sold for 2021 are annualized based on actual sales year-to-date.
12 9 1 39 13 3 -69.2% -30.8%
$2,000,000 - $2,999,999
17 9 2 35 11 3 -51.4% -18.2%
$5,000,000 - $5,999,999
14 10 1 29 18 2 -51.7% -44.4%
$4,000,000 - $4,999,999
$3,000,000 - $3,999,999
15 1 15 15 2 8 0.0% -50.0%
$1,000,000 - $1,999,999
GREENWICH SOUTH OF THE PARKWAY SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2021 AS OF SEPTEMBER 30, 2020 2021 vs. 2020 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 7 2 4 7 6 1 0.0% -66.7%
13 3 4 15 4 4 -13.3% -25.0%
$6,000,000 - $7,999,999
13 5 3 25 7 4 -48.0% -28.6% $8,000,000 - $9,999,999 10 3 3 6 1 6 66.7% 200.0% $10,000,000 and up 6 1 6 10 0 Not Valid -40.0% 0.0% MarketTotals 107 43 2 181 62 3 -40.9% -30.6% *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 01/01/2021 09/30/2021- 01/01/2020 09/30/2020- % 2021/2020CHANGE 10/01/202009/30/2021 10/01/2019 09/30/2020- % 2020/2019CHANGE $0 - $999,999 37 20 85.0% 45 25 80.0% $1,000,000 - $1,999,999 54 50 8.0% 86 62 38.7% $2,000,000 - $2,999,999 68 51 33.3% 96 60 60.0% $3,000,000 - $3,999,999 47 38 23.7% 58 40 45.0% $4,000,000 - $4,999,999 26 8 225.0% 32 10 220.0% $5,000,000 - $5,999,999 17 10 70.0% 24 10 140.0% $6,000,000 - $7,999,999 27 13 107.7% 32 13 146.2% $8,000,000 - $9,999,999 10 4 150.0% 12 4 200.0% $10,000,000 and up 3 1 200.0% 4 1 300.0% MarketTotals 289 195 48.2% 389 225 72.9% Source: Greenwich Multiple Listing Service, Single-family homes
GREENWICH SOUTH OF THE POST ROAD QUARTERLY MARKET OVERVIEW Q3 2021 Q3 2020 % CHANGE YTD 2021 YTD 2020 % CHANGE HOMES SOLD 34 40 -15.0% 103 63 63.5% AVERAGE SALE PRICE $3,289,024 $3,243,050 1.4% $3,400,542 $3,347,095 1.6% MEDIAN SALE PRICE $2,247,500 $2,062,500 9.0% $2,350,000 $2,100,000 11.9% AVERAGE PRICE PER SQUARE FOOT $688 $718 -4.2% $704 $668 5.4% AVERAGE DAYS ON MARKET 84 188 -55.3% 154 239 -35.6% % SALE PRICE TO LIST PRICE 97.1% 91.7% 5.9% 96.3% 89.7% 7.4% TEN-YEAR MARKET HISTORY Average Sale Price $2,486,569 $2,219,081 $4,083,817 $2,043,325 $2,545,622 $2,977,955 $2,371,594 $2,896,440 $3,458,830 $3,400,542 Average Sale Price Average Price/SqFt $574 $577 $726 $597 $622 $638 $666 $667 $676 $704 Average Price/SqFt Days On Market 215 160 172 191 149 184 218 235 206 154 Days On Market %Sale Price to List Price 89.0 92.6 93.4 96.2 92.3 91.5 94.5 92.6 91.1 96.3 %Sale Price to List Price * Homes sold for 2021 are annualized based on actual sales year-to-date.
$6,000,000 - $7,999,999
0 1 0 7 0 Not Valid -100.0% 0.0% $8,000,000 - $9,999,999 0 0 0 2 1 2 -100.0% -100.0% $10,000,000 and up 5 0 Not Valid 9 2 5 -44.4% -100.0% MarketTotals 35 14 3 89 17 5 -60.7% -17.6% *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 01/01/2021 09/30/2021- 01/01/2020 09/30/2020- % 2021/2020CHANGE 10/01/202009/30/2021 10/01/2019 09/30/2020- % 2020/2019CHANGE $0 - $999,999 17 14 21.4% 25 18 38.9% $1,000,000 - $1,999,999 28 16 75.0% 35 19 84.2% $2,000,000 - $2,999,999 19 13 46.2% 25 14 78.6% $3,000,000 - $3,999,999 11 8 37.5% 16 9 77.8% $4,000,000 - $4,999,999 9 3 200.0% 10 4 150.0% $5,000,000 - $5,999,999 5 1 400.0% 5 1 400.0% $6,000,000 - $7,999,999 8 2 300.0% 12 3 300.0% $8,000,000 - $9,999,999 0 1 -100.0% 1 1 0.0% $10,000,000 and up 6 5 20.0% 9 5 80.0% MarketTotals 103 63 63.5% 138 74 86.5% Source: Greenwich Multiple Listing Service, Single-family homes
0 0 0 5 1 5 -100.0% -100.0%
$4,000,000 - $4,999,999
GREENWICH SOUTH OF THE POST ROAD SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2021 AS OF SEPTEMBER 30, 2020 2021 vs. 2020 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 7 3 2 10 2 5 -30.0% 50.0%
$5,000,000 - $5,999,999
2 1 2 5 2 3 -60.0% -50.0%
$3,000,000 - $3,999,999
$1,000,000 - $1,999,999
$2,000,000 - $2,999,999
6 2 3 13 1 13 -53.8% 100.0%
9 2 5 24 3 8 -62.5% -33.3%
6 5 1 14 5 3 -57.1% 0.0%
COS COB QUARTERLY MARKET OVERVIEW Q3 2021 Q3 2020 % CHANGE YTD 2021 YTD 2020 % CHANGE HOMES SOLD 39 28 39.3% 88 56 57.1% AVERAGE SALE PRICE $1,859,569 $1,532,258 21.4% $1,678,275 $1,435,058 16.9% MEDIAN SALE PRICE $1,895,000 $1,462,500 29.6% $1,397,000 $1,261,250 10.8% AVERAGE PRICE PER SQUARE FOOT $546 $474 15.2% $527 $451 16.9% AVERAGE DAYS ON MARKET 60 225 -73.3% 104 214 -51.4% % SALE PRICE TO LIST PRICE 98.4% 96.4% 2.1% 97.8% 95.4% 2.5% TEN-YEAR MARKET HISTORY Average Sale Price $1,224,821 $1,241,224 $1,254,598 $1,365,294 $1,321,116 $1,331,751 $1,564,416 $1,248,246 $1,408,910 $1,678,275 Average Sale Price Average Price/SqFt $414 $471 $465 $506 $489 $456 $485 $435 $444 $527 Average Price/SqFt Days On Market 153 131 103 143 162 150 164 172 200 104 Days On Market %Sale Price to List Price 94.0 95.0 96.1 96.2 96.0 95.0 95.4 94.4 96.1 97.8 %Sale Price to List Price * Homes sold for 2021 are annualized based on actual sales year-to-date.
$2,000,000 - $2,999,999
$3,000,000 - $3,999,999
COS COB SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2021 AS OF SEPTEMBER 30, 2020 2021 vs. 2020 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 1 4 0 10 4 3 -90.0% 0.0%
$6,000,000 - $7,999,999
$1,000,000 - $1,999,999
0 0 0 0 0 0 0.0% 0.0%
15 7 2 19 9 2 -21.1% -22.2%
4 1 4 6 5 1 -33.3% -80.0%
2 0 Not Valid 5 1 5 -60.0% -100.0%
$4,000,000 - $4,999,999
$5,000,000 - $5,999,999
0 0 0 0 0 0 0.0% 0.0%
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 22 12 2 40 19 2 -45.0% -36.8% *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 01/01/2021 09/30/2021- 01/01/2020 09/30/2020- % 2021/2020CHANGE 10/01/202009/30/2021 10/01/2019 09/30/2020- % 2020/2019CHANGE $0 - $999,999 14 18 -22.2% 22 25 -12.0% $1,000,000 - $1,999,999 48 29 65.5% 65 38 71.1% $2,000,000 - $2,999,999 19 7 171.4% 25 7 257.1% $3,000,000 - $3,999,999 6 2 200.0% 6 2 200.0% $4,000,000 - $4,999,999 1 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 88 56 57.1% 119 72 65.3% Source: Greenwich Multiple Listing Service, Single-family homes
RIVERSIDE QUARTERLY MARKET OVERVIEW Q3 2021 Q3 2020 % CHANGE YTD 2021 YTD 2020 % CHANGE HOMES SOLD 51 51 0.0% 140 96 45.8% AVERAGE SALE PRICE $2,537,539 $2,176,032 16.6% $2,549,237 $2,438,099 4.6% MEDIAN SALE PRICE $2,195,000 $1,975,000 11.1% $2,200,000 $2,107,500 4.4% AVERAGE PRICE PER SQUARE FOOT $690 $574 20.2% $664 $593 12.0% AVERAGE DAYS ON MARKET 58 108 -46.3% 83 178 -53.4% % SALE PRICE TO LIST PRICE 100.8% 96.5% 4.5% 99.8% 94.6% 5.5% TEN-YEAR MARKET HISTORY Average Sale Price $2,135,381 $1,962,380 $2,000,919 $2,275,811 $2,121,616 $2,371,435 $2,353,592 $1,945,173 $2,587,852 $2,549,237 Average Sale Price Average Price/SqFt $588 $582 $598 $634 $600 $619 $594 $542 $618 $664 Average Price/SqFt Days On Market 122 132 110 123 155 152 175 194 151 83 Days On Market %Sale Price to List Price 93.6 96.1 96.6 94.6 93.9 94.7 94.9 94.1 94.3 99.8 %Sale Price to List Price * Homes sold for 2021 are annualized based on actual sales year-to-date.
$1,000,000 - $1,999,999
$5,000,000 - $5,999,999
9 2 5 16 12 1 -43.8% -83.3%
$2,000,000 - $2,999,999
7 1 7 12 4 3 -41.7% -75.0%
2 1 2 1 1 1 100.0% 0.0%
RIVERSIDE SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2021 AS OF SEPTEMBER 30, 2020 2021 vs. 2020 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 3 2 2 2 0 Not Valid 50.0% 0.0%
$3,000,000 - $3,999,999
$6,000,000 - $7,999,999
0 1 0 3 0 Not Valid -100.0% 0.0% $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 2 1 2 -50.0% -100.0% MarketTotals 30 9 3 49 21 2 -38.8% -57.1% *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 01/01/2021 09/30/2021- 01/01/2020 09/30/2020- % 2021/2020CHANGE 10/01/202009/30/2021 10/01/2019 09/30/2020- % 2020/2019CHANGE $0 - $999,999 11 12 -8.3% 14 15 -6.7% $1,000,000 - $1,999,999 48 34 41.2% 64 41 56.1% $2,000,000 - $2,999,999 40 23 73.9% 47 26 80.8% $3,000,000 - $3,999,999 24 18 33.3% 32 20 60.0% $4,000,000 - $4,999,999 7 5 40.0% 9 5 80.0% $5,000,000 - $5,999,999 6 1 500.0% 7 1 600.0% $6,000,000 - $7,999,999 4 2 100.0% 4 3 33.3% $8,000,000 - $9,999,999 0 0 Not Valid 0 0 Not Valid $10,000,000 and up 0 1 -100.0% 2 1 100.0% MarketTotals 140 96 45.8% 179 112 59.8% Source: Greenwich Multiple Listing Service, Single-family homes
4 1 4 9 3 3 -55.6% -66.7% $4,000,000 - $4,999,999 4 1 4 4 0 Not Valid 0.0% 0.0%
OLD GREENWICH QUARTERLY MARKET OVERVIEW Q3 2021 Q3 2020 % CHANGE YTD 2021 YTD 2020 % CHANGE HOMES SOLD 57 51 11.8% 127 96 32.3% AVERAGE SALE PRICE $2,753,353 $2,195,073 25.4% $2,609,975 $2,170,381 20.3% MEDIAN SALE PRICE $2,250,000 $1,895,000 18.7% $2,250,000 $1,885,000 19.4% AVERAGE PRICE PER SQUARE FOOT $788 $645 22.2% $747 $616 21.3% AVERAGE DAYS ON MARKET 38 109 -65.1% 60 147 -59.2% % SALE PRICE TO LIST PRICE 99.3% 96.9% 2.5% 99.1% 96.1% 3.1% TEN-YEAR MARKET HISTORY Average Sale Price $2,271,283 $1,753,566 $2,564,436 $2,017,057 $1,997,289 $2,455,255 $2,166,274 $2,323,307 $2,284,319 $2,609,975 Average Sale Price Average Price/SqFt $617 $615 $749 $644 $646 $709 $614 $636 $625 $747 Average Price/SqFt Days On Market 165 103 116 157 149 184 176 170 133 60 Days On Market %Sale Price to List Price 93.8 95.0 94.1 96.2 96.9 94.7 94.2 93.6 96.3 99.1 %Sale Price to List Price * Homes sold for 2021 are annualized based on actual sales year-to-date.
OLD GREENWICH SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2021 AS OF SEPTEMBER 30, 2020 2021 vs. 2020 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 1 0 Not Valid 3 3 1 -66.7% -100.0%
$5,000,000 - $5,999,999
$4,000,000 - $4,999,999
1 0 Not Valid 4 5 1 -75.0% -100.0%
$8,000,000 - $9,999,999
$2,000,000 - $2,999,999
3 5 1 7 4 2 -57.1% 25.0%
$1,000,000 - $1,999,999
$6,000,000 - $7,999,999
4 1 4 3 0 Not Valid 33.3% 0.0%
4 0 Not Valid 4 3 1 0.0% -100.0%
0 0 0 1 0 Not Valid -100.0% 0.0% $10,000,000 and up 0 0 0 0 0 0 0.0% 0.0% MarketTotals 16 14 1 38 29 1 -57.9% -51.7% *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 01/01/2021 09/30/2021- 01/01/2020 09/30/2020- % 2021/2020CHANGE 10/01/202009/30/2021 10/01/2019 09/30/2020- % 2020/2019CHANGE $0 - $999,999 4 10 -60.0% 8 16 -50.0% $1,000,000 - $1,999,999 44 43 2.3% 62 49 26.5% $2,000,000 - $2,999,999 42 24 75.0% 49 32 53.1% $3,000,000 - $3,999,999 22 10 120.0% 29 13 123.1% $4,000,000 - $4,999,999 7 5 40.0% 10 6 66.7% $5,000,000 - $5,999,999 1 3 -66.7% 1 4 -75.0% $6,000,000 - $7,999,999 7 1 600.0% 9 1 800.0% $8,000,000 - $9,999,999 0 0 Not Valid 1 0 Not Valid $10,000,000 and up 0 0 Not Valid 0 0 Not Valid MarketTotals 127 96 32.3% 169 121 39.7% Source: Greenwich Multiple Listing Service, Single-family homes
$3,000,000 - $3,999,999
3 8 0 13 14 1 -76.9% -42.9%
0 0 0 3 0 Not Valid -100.0% 0.0%
GREATER GREENWICH CONDOMINIUMS QUARTERLY MARKET OVERVIEW Q3 2021 Q3 2020 % CHANGE YTD 2021 YTD 2020 % CHANGE UNITS SOLD 62 50 24.0% 191 107 78.5% AVERAGE SALE PRICE $1,145,967 $1,132,610 1.2% $1,064,316 $1,038,649 2.5% MEDIAN SALE PRICE $782,500 $844,500 -7.3% $773,000 $775,000 -0.3% AVERAGE PRICE PER SQUARE FOOT $586 $518 13.1% $542 $501 8.2% AVERAGE DAYS ON MARKET 119 175 -32.0% 127 165 -23.0% % SALE PRICE TO LIST PRICE 98.3% 96.6% 1.8% 97.8% 94.8% 3.2% TEN-YEAR MARKET HISTORY Average Sale Price $852,428 $842,525 $901,903 $1,028,489 $981,069 $1,030,294 $1,003,349 $959,215 $1,084,790 $1,064,316 Average Sale Price Average Price/SqFt $422 $436 $456 $495 $488 $492 $508 $480 $524 $542 Average Price/SqFt Days On Market 227 186 154 139 133 146 179 174 166 127 Days On Market %Sale Price to List Price 93.4 95.0 95.6 96.2 96.5 95.0 96.0 95.4 93.9 97.8 %Sale Price to List Price * Homes sold for 2021 are annualized based on actual sales year-to-date.
$6,000,000 - $7,999,999
6 1 6 11 8 1 -45.5% -87.5%
18 2 9 19 6 3 -5.3% -66.7%
GREATER GREENWICH CONDOMINIUMS SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2021 AS OF SEPTEMBER 30, 2020 2021 vs. 2020 PRICE RANGE LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ LISTINGSACTIVESUPPLY: SALESPENDINGDEMAND: RATIO*DEMANDSUPPLY/ CHANGE% IN LISTINGS CHANGE% PENDINGSIN $0 - $999,999 16 13 1 56 22 3 -71.4% -40.9%
$4,000,000 - $4,999,999
$5,000,000 - $5,999,999
0 0 0 0 0 0 0.0% 0.0%
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 57 20 3 100 41 2 -43.0% -51.2% *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 01/01/2021 09/30/2021- 01/01/2020 09/30/2020- % 2021/2020CHANGE 10/01/202009/30/2021 10/01/2019 09/30/2020- % 2020/2019CHANGE $0 - $999,999 131 69 89.9% 175 98 78.6% $1,000,000 - $1,999,999 39 23 69.6% 55 28 96.4% $2,000,000 - $2,999,999 9 13 -30.8% 15 14 7.1% $3,000,000 - $3,999,999 10 2 400.0% 16 3 433.3% $4,000,000 - $4,999,999 2 0 Not Valid 2 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 191 107 78.5% 263 143 83.9% Source: Greenwich Multiple Listing Service, Condominium
$1,000,000 - $1,999,999
$3,000,000 - $3,999,999
$2,000,000 - $2,999,999
16 4 4 11 5 2 45.5% -20.0%
0 0 0 1 0 Not Valid -100.0% 0.0%
1 0 Not Valid 2 0 Not Valid -50.0% 0.0%
$8,000,000 - $9,999,999
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