Market Report
Q1-2024
GREENWICH
Q1-2024 MARKET
As we welcome the spring season, we reflect on the first quarter of 2024 and the dynamic landscape of the real estate market in Greenwich, Connecticut. The market has remained strong and is characterized by robust buyer demand, coupled with historically low inventory levels, that continues to drive prices upward in most segments. It remains an optimal time for sellers to realize their highest prices.
Despite some pockets experiencing a slight uptick in inventory during Q1 2024, specifically in the higher price ranges, overall conditions remain favorable for sellers and challenging for buyers. Multiple offers remain a common occurrence, demonstrating the importance of working with a knowledgeable buyers’ agent to secure a home. Their expertise can provide invaluable guidance and market insight ensuring that buyers make informed and effective decisions.
Most everyone has seen the news stories regarding the National Association of Realtors (NAR) proposed settlement, which remains subject to court approval. NAR specifically noted they are working with the Department of Justice, which has not yet weighed in on the terms. Any changes to business procedures will likely go into effect only in July or later as and when the NAR settlement is approved. We plan to take care in implementing any required changes in practices just as we have implemented and adhered to numerous changes in law and practice over the years.
Since its inception in 1888, Houlihan Lawrence has been committed to providing both our buyers and our sellers with best-in-class service and nothing will change that commitment. Meeting our fiduciary standards to both our buyer and seller clients is always our top priority. It’s why we list more homes and represent more buyers than any other company in Greenwich.
We extend our heartfelt thanks to all our clients who have put their trust in us. As your real estate partner, we continually strive for excellence in serving your real estate needs.
With Warm Regards,
Liz Nunan President and CEO
RIVERSIDE , CT · $16,995,000
Spectacular estate designed by Douglas Vanderhorn showcases panoramic water views, stunning interiors and luxurious finishes.
Expansive 1.77 acres within the coveted Indian Head Association with beach rights. Three bedroom guest cottage and pool.
Joanne Mancuso | M 203.667.3887 & Amanda Miller | M 203.912.9233
203.869.0700 · HOULIHANLAWRENCE.COM @AROUNDGREENWICH @AROUNDGREENWICH /GREENWICHCTREALESTATE
REPORT
GREENWICH
GREENWICH
TABLE OF CONTENTS FIRST QUARTER 2024
GREENWICH SingleFamilyHomeOverview
GREATER
NorthoftheParkway
SouthoftheParkway
SouthofthePostRoad COS COB RIVERSIDE
GREENWICH
OLD GREENWICH
CondominiumOverview HOULIHANLAWRENCE.COM
GREATER GREENWICH
QUARTERLY MARKET OVERVIEW
GREATER GREENWICH
TEN-YEAR
MARKET HISTORY
Q1 2024 Q1 2023 % CHANGE FULL YEAR 2023 FULL YEAR 2022 % CHANGE HOMES SOLD 76 84 -9.5% 527 637 -17.3% AVERAGE SALE PRICE $3,740,033 $3,128,138 19.6% $3,547,203 $3,050,065 16.3% MEDIAN SALE PRICE $3,053,461 $2,517,750 21.3% $2,500,000 $2,450,000 2.0% AVERAGE PRICE PER SQUARE FOOT $806 $670 20.3% $758 $696 8.9% AVERAGE DAYS ON MARKET 88 88 0.0% 82 76 7.9% % SALE PRICE TO LIST PRICE 100.1% 97.1% 3.1% 98.0% 99.7% -1.7%
Average Sale Price $2,421,486 $2,203,756 $2,574,993 $2,393,006 $2,376,330 $2,667,708 $3,002,372 $3,050,065 $3,547,203 $3,740,033 Average Sale Price Average Price/SqFt $592 $564 $578 $563 $545 $557 $635 $696 $758 $806 Average Price/SqFt Days On Market 161 157 184 179 199 171 109 76 82 88 Days On Market %Sale Price to List Price 94.4 94.1 92.5 93.7 92.4 94.4 97.4 99.7 98.0 100.1 %Sale Price to List Price
* Homes sold for 2024 are annualized based on actual sales year-to-date.
GREATER GREENWICH
SUPPLY DEMAND ANALYSIS
SOLD PROPERTIES
AS OF MARCH 31, 2024 AS OF MARCH 31, 2023 2024 vs. 2023 PRICE RANGE SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* % CHANGE IN LISTINGS % CHANGE IN PENDINGS $0 - $999,999 3 6 1 8 5 2 -62.5% 20.0% $1,000,000 - $1,999,999 12 27 1 30 18 2 -60.0% 50.0% $2,000,000 - $2,999,999 22 18 1 22 18 1 0.0% 0.0% $3,000,000 - $3,999,999 15 13 1 20 14 1 -25.0% -7.1% $4,000,000 - $4,999,999 8 11 1 21 12 2 -61.9% -8.3% $5,000,000 - $5,999,999 8 2 4 17 4 4 -52.9% -50.0% $6,000,000 - $7,999,999 17 6 3 11 10 1 54.5% -40.0% $8,000,000 - $9,999,999 6 3 2 3 4 1 100.0% -25.0% $10,000,000 and up 27 2 14 22 4 6 22.7% -50.0% MarketTotals 118 88 1 154 89 2 -23.4% -1.1% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202403/31/2024 01/01/202303/31/2023 % CHANGE 2024/2023 04/01/202303/31/2024 04/01/202203/31/2023 % CHANGE 2024/2023 $0 - $999,999 3 10 -70.0% 47 56 -16.1% $1,000,000 - $1,999,999 18 22 -18.2% 137 163 -16.0% $2,000,000 - $2,999,999 16 18 -11.1% 118 140 -15.7% $3,000,000 - $3,999,999 10 9 11.1% 58 69 -15.9% $4,000,000 - $4,999,999 13 9 44.4% 63 54 16.7% $5,000,000 - $5,999,999 5 9 -44.4% 34 45 -24.4% $6,000,000 - $7,999,999 8 3 166.7% 33 34 -2.9% $8,000,000 - $9,999,999 1 3 -66.7% 15 10 50.0% $10,000,000 and up 2 1 100.0% 14 8 75.0% MarketTotals 76 84 -9.5% 519 579 -10.4%
Greenwich Multiple Listing Service, Single-family homes
Source:
NORTH OF THE PARKWAY
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
GREENWICH
Q1 2024 Q1 2023 % CHANGE FULL YEAR 2023 FULL YEAR 2022 % CHANGE HOMES SOLD 6 13 -53.8% 58 76 -23.7% AVERAGE SALE PRICE $4,200,833 $5,157,280 -18.5% $5,210,226 $3,494,702 49.1% MEDIAN SALE PRICE $4,652,500 $4,700,000 -1.0% $4,200,000 $2,900,000 44.8% AVERAGE PRICE PER SQUARE FOOT $629 $631 -0.3% $662 $596 11.1% AVERAGE DAYS ON MARKET 93 129 -27.9% 166 102 62.7% % SALE PRICE TO LIST PRICE 96.8% 94.8% 2.1% 94.3% 97.3% -3.1%
Average Sale Price $2,834,463 $2,939,222 $3,590,745 $3,264,086 $3,156,247 $2,851,219 $3,919,488 $3,494,702 $5,210,226 $4,200,833 Average Sale Price Average Price/SqFt $524 $470 $501 $495 $503 $455 $553 $596 $662 $629 Average Price/SqFt Days On Market 250 237 310 210 251 231 167 102 166 93 Days On Market %Sale Price to List Price 92.7 91.8 85.7 91.9 90.1 94.2 96.5 97.3 94.3 96.8 %Sale Price to List Price
* Homes sold for 2024 are annualized based on actual sales year-to-date.
NORTH OF THE PARKWAY SUPPLY
GREENWICH
AS OF MARCH 31, 2024 AS OF MARCH 31, 2023 2024 vs. 2023 PRICE RANGE SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* % CHANGE IN LISTINGS % CHANGE IN PENDINGS $0 - $999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $1,000,000 - $1,999,999 4 2 2 3 2 2 33.3% 0.0% $2,000,000 - $2,999,999 6 1 6 4 1 4 50.0% 0.0% $3,000,000 - $3,999,999 5 2 3 4 3 1 25.0% -33.3% $4,000,000 - $4,999,999 2 2 1 6 1 6 -66.7% 100.0% $5,000,000 - $5,999,999 3 0 Not Valid 3 0 Not Valid 0.0% 0.0% $6,000,000 - $7,999,999 6 0 Not Valid 1 2 1 500.0% -100.0% $8,000,000 - $9,999,999 2 1 2 1 2 1 100.0% -50.0% $10,000,000 and up 5 0 Not Valid 5 1 5 0.0% -100.0% MarketTotals 33 8 4 27 12 2 22.2% -33.3% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202403/31/2024 01/01/202303/31/2023 % CHANGE 2024/2023 04/01/202303/31/2024 04/01/202203/31/2023 % CHANGE 2024/2023 $0 - $999,999 0 0 Not Valid 1 1 0.0% $1,000,000 - $1,999,999 1 2 -50.0% 8 13 -38.5% $2,000,000 - $2,999,999 1 1 0.0% 10 18 -44.4% $3,000,000 - $3,999,999 1 1 0.0% 7 11 -36.4% $4,000,000 - $4,999,999 0 3 -100.0% 6 6 0.0% $5,000,000 - $5,999,999 2 2 0.0% 6 6 0.0% $6,000,000 - $7,999,999 1 1 0.0% 5 7 -28.6% $8,000,000 - $9,999,999 0 3 -100.0% 3 4 -25.0% $10,000,000 and up 0 0 Not Valid 5 1 400.0% MarketTotals 6 13 -53.8% 51 67 -23.9%
Greenwich Multiple Listing Service, Single-family homes
DEMAND ANALYSIS
SOLD PROPERTIES
Source:
SOUTH OF THE PARKWAY
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
GREENWICH
Q1 2024 Q1 2023 % CHANGE FULL YEAR 2023 FULL YEAR 2022 % CHANGE HOMES SOLD 29 30 -3.3% 203 226 -10.2% AVERAGE SALE PRICE $4,589,859 $3,429,940 33.8% $3,647,901 $3,634,903 0.4% MEDIAN SALE PRICE $4,125,000 $3,075,000 34.1% $3,250,000 $3,007,500 8.1% AVERAGE PRICE PER SQUARE FOOT $774 $618 25.2% $693 $674 2.8% AVERAGE DAYS ON MARKET 107 72 48.6% 85 94 -9.6% % SALE PRICE TO LIST PRICE 97.6% 96.7% 0.9% 98.7% 98.9% -0.2%
Average Sale Price $3,075,190 $2,403,016 $2,769,791 $2,670,378 $2,537,605 $2,941,272 $3,212,533 $3,634,903 $3,647,901 $4,589,859 Average Sale Price Average Price/SqFt $587 $535 $550 $537 $499 $530 $596 $674 $693 $774 Average Price/SqFt Days On Market 167 176 203 188 234 197 126 94 85 107 Days On Market %Sale Price to List Price 93.7 94.0 93.0 92.8 91.9 94.9 97.0 98.9 98.7 97.6 %Sale Price to List Price
* Homes sold for 2024 are annualized based on actual sales year-to-date.
SOUTH OF THE PARKWAY
ANALYSIS
GREENWICH
DEMAND
AS OF MARCH 31, 2024 AS OF MARCH 31, 2023 2024 vs. 2023 PRICE RANGE SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* % CHANGE IN LISTINGS % CHANGE IN PENDINGS $0 - $999,999 1 2 1 2 2 1 -50.0% 0.0% $1,000,000 - $1,999,999 2 3 1 10 3 3 -80.0% 0.0% $2,000,000 - $2,999,999 6 8 1 5 6 1 20.0% 33.3% $3,000,000 - $3,999,999 2 5 1 11 4 3 -81.8% 25.0% $4,000,000 - $4,999,999 1 7 1 10 7 1 -90.0% 0.0% $5,000,000 - $5,999,999 3 1 3 10 4 3 -70.0% -75.0% $6,000,000 - $7,999,999 8 5 2 6 8 1 33.3% -37.5% $8,000,000 - $9,999,999 3 2 2 2 2 1 50.0% 0.0% $10,000,000 and up 13 2 7 8 3 3 62.5% -33.3% MarketTotals 39 35 1 64 39 2 -39.1% -10.3% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202403/31/2024 01/01/202303/31/2023 % CHANGE 2024/2023 04/01/202303/31/2024 04/01/202203/31/2023 % CHANGE 2024/2023 $0 - $999,999 1 4 -75.0% 16 22 -27.3% $1,000,000 - $1,999,999 3 5 -40.0% 40 35 14.3% $2,000,000 - $2,999,999 4 6 -33.3% 34 40 -15.0% $3,000,000 - $3,999,999 4 5 -20.0% 25 30 -16.7% $4,000,000 - $4,999,999 7 4 75.0% 33 25 32.0% $5,000,000 - $5,999,999 3 4 -25.0% 20 21 -4.8% $6,000,000 - $7,999,999 6 1 500.0% 22 17 29.4% $8,000,000 - $9,999,999 0 0 Not Valid 9 4 125.0% $10,000,000 and up 1 1 0.0% 3 6 -50.0% MarketTotals 29 30 -3.3% 202 200 1.0%
Greenwich Multiple Listing Service, Single-family homes
SUPPLY
SOLD PROPERTIES
Source:
SOUTH OF THE POST ROAD
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
GREENWICH
Q1 2024 Q1 2023 % CHANGE FULL YEAR 2023 FULL YEAR 2022 % CHANGE HOMES SOLD 10 6 66.7% 58 64 -9.4% AVERAGE SALE PRICE $3,696,900 $3,287,333 12.5% $5,494,005 $3,288,974 67.0% MEDIAN SALE PRICE $2,498,500 $3,350,000 -25.4% $1,855,500 $2,505,000 -25.9% AVERAGE PRICE PER SQUARE FOOT $942 $929 1.4% $1,096 $752 45.7% AVERAGE DAYS ON MARKET 110 146 -24.7% 85 85 0.0% % SALE PRICE TO LIST PRICE 103.1% 97.4% 5.9% 93.6% 99.6% -6.0%
Average Sale Price $2,043,325 $2,545,622 $2,977,955 $2,371,594 $2,896,440 $3,458,830 $3,907,564 $3,288,974 $5,494,005 $3,696,900 Average Sale Price Average Price/SqFt $598 $623 $639 $666 $667 $676 $709 $752 $1,096 $942 Average Price/SqFt Days On Market 172 133 141 208 211 182 138 85 85 110 Days On Market %Sale Price to List Price 96.2 92.3 91.5 94.5 92.6 91.1 95.5 99.6 93.6 103.1 %Sale Price to List Price
2024
on
* Homes sold for
are annualized based
actual sales year-to-date.
SOUTH OF THE POST ROAD SUPPLY
SOLD PROPERTIES
GREENWICH
AS OF MARCH 31, 2024 AS OF MARCH 31, 2023 2024 vs. 2023 PRICE RANGE SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* % CHANGE IN LISTINGS % CHANGE IN PENDINGS $0 - $999,999 2 3 1 4 2 2 -50.0% 50.0% $1,000,000 - $1,999,999 0 2 0 3 0 Not Valid -100.0% 0.0% $2,000,000 - $2,999,999 1 2 1 5 1 5 -80.0% 100.0% $3,000,000 - $3,999,999 2 2 1 3 1 3 -33.3% 100.0% $4,000,000 - $4,999,999 1 1 1 2 0 Not Valid -50.0% 0.0% $5,000,000 - $5,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $6,000,000 - $7,999,999 3 1 3 4 0 Not Valid -25.0% 0.0% $8,000,000 - $9,999,999 1 0 Not Valid 0 0 Not Valid 0.0% 0.0% $10,000,000 and up 6 0 Not Valid 6 0 Not Valid 0.0% 0.0% MarketTotals 16 11 1 27 4 7 -40.7% 175.0% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
DEMAND ANALYSIS
YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202403/31/2024 01/01/202303/31/2023 % CHANGE 2024/2023 04/01/202303/31/2024 04/01/202203/31/2023 % CHANGE 2024/2023 $0 - $999,999 2 1 100.0% 18 9 100.0% $1,000,000 - $1,999,999 1 0 Not Valid 15 12 25.0% $2,000,000 - $2,999,999 4 2 100.0% 9 9 0.0% $3,000,000 - $3,999,999 1 0 Not Valid 4 1 300.0% $4,000,000 - $4,999,999 1 2 -50.0% 5 6 -16.7% $5,000,000 - $5,999,999 0 1 -100.0% 2 11 -81.8% $6,000,000 - $7,999,999 0 0 Not Valid 3 4 -25.0% $8,000,000 - $9,999,999 0 0 Not Valid 2 1 100.0% $10,000,000 and up 1 0 Not Valid 4 0 Not Valid MarketTotals 10 6 66.7% 62 53 17.0%
Greenwich Multiple Listing Service, Single-family homes
Source:
QUARTERLY MARKET OVERVIEW
TEN-YEAR
MARKET HISTORY
COS COB
Q1 2024 Q1 2023 % CHANGE FULL YEAR 2023 FULL YEAR 2022 % CHANGE HOMES SOLD 16 10 60.0% 65 77 -15.6% AVERAGE SALE PRICE $1,711,351 $1,393,680 22.8% $1,793,257 $1,815,667 -1.2% MEDIAN SALE PRICE $1,595,365 $1,310,000 21.8% $1,700,000 $1,650,000 3.0% AVERAGE PRICE PER SQUARE FOOT $629 $519 21.2% $602 $583 3.3% AVERAGE DAYS ON MARKET 67 97 -30.9% 69 51 35.3% % SALE PRICE TO LIST PRICE 104.8% 97.2% 7.8% 102.2% 101.0% 1.2%
Average Sale Price $1,365,294 $1,321,116 $1,331,751 $1,564,416 $1,248,246 $1,408,910 $1,645,808 $1,815,667 $1,793,257 $1,711,351 Average Sale Price Average Price/SqFt $506 $490 $456 $486 $436 $444 $532 $583 $602 $629 Average Price/SqFt Days On Market 137 139 142 153 141 157 100 51 69 67 Days On Market %Sale Price to List Price 96.2 96.0 95.0 95.4 94.4 96.1 98.1 101.0 102.2 104.8 %Sale Price to List Price
* Homes sold for 2024 are annualized based on actual sales year-to-date.
SOLD PROPERTIES
AS OF MARCH 31, 2024 AS OF MARCH 31, 2023 2024 vs. 2023 PRICE RANGE SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* % CHANGE IN LISTINGS % CHANGE IN PENDINGS $0 - $999,999 0 0 Not Valid 1 1 1 -100.0% -100.0% $1,000,000 - $1,999,999 0 9 0 7 5 1 -100.0% 80.0% $2,000,000 - $2,999,999 0 4 0 2 1 2 -100.0% 300.0% $3,000,000 - $3,999,999 0 1 0 1 0 Not Valid -100.0% 0.0% $4,000,000 - $4,999,999 1 0 Not Valid 0 1 0 0.0% -100.0% $5,000,000 - $5,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $6,000,000 - $7,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $8,000,000 - $9,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $10,000,000 and up 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% MarketTotals 1 14 1 11 8 1 -90.9% 75.0% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
COS COB SUPPLY DEMAND ANALYSIS
YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202403/31/2024 01/01/202303/31/2023 % CHANGE 2024/2023 04/01/202303/31/2024 04/01/202203/31/2023 % CHANGE 2024/2023 $0 - $999,999 0 3 -100.0% 5 11 -54.5% $1,000,000 - $1,999,999 12 6 100.0% 43 37 16.2% $2,000,000 - $2,999,999 3 1 200.0% 19 16 18.8% $3,000,000 - $3,999,999 1 0 Not Valid 2 4 -50.0% $4,000,000 - $4,999,999 0 0 Not Valid 2 2 0.0% $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 16 10 60.0% 71 70 1.4%
Source: Greenwich Multiple Listing Service, Single-family homes
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
* Homes sold for 2024 are annualized based on actual sales year-to-date.
RIVERSIDE
Q1 2024 Q1 2023 % CHANGE FULL YEAR 2023 FULL YEAR 2022 % CHANGE HOMES SOLD 7 8 -12.5% 72 104 -30.8% AVERAGE SALE PRICE $3,368,431 $3,450,407 -2.4% $2,968,875 $2,507,628 18.4% MEDIAN SALE PRICE $3,350,000 $2,857,750 17.2% $2,430,482 $2,050,000 18.6% AVERAGE PRICE PER SQUARE FOOT $1,006 $844 19.2% $807 $757 6.6% AVERAGE DAYS ON MARKET 30 47 -36.2% 47 54 -13.0% % SALE PRICE TO LIST PRICE 103.1% 103.6% -0.5% 101.2% 102.0% -0.8%
Average Sale Price $2,275,811 $2,121,616 $2,371,435 $2,353,592 $1,945,173 $2,587,852 $2,614,485 $2,507,628 $2,968,875 $3,368,431 Average Sale Price Average Price/SqFt $634 $601 $619 $595 $542 $618 $678 $757 $807 $1,006 Average Price/SqFt Days On Market 122 138 147 168 180 125 75 54 47 30 Days On Market %Sale Price to List Price 94.6 93.9 94.7 94.9 94.1 94.3 99.7 102.0 101.2 103.1 %Sale Price to List Price
SOLD PROPERTIES
SUPPLY DEMAND
AS OF MARCH 31, 2024 AS OF MARCH 31, 2023 2024 vs. 2023 PRICE RANGE SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* % CHANGE IN LISTINGS % CHANGE IN PENDINGS $0 - $999,999 0 1 0 1 0 Not Valid -100.0% 0.0% $1,000,000 - $1,999,999 2 3 1 1 3 1 100.0% 0.0% $2,000,000 - $2,999,999 6 2 3 4 5 1 50.0% -60.0% $3,000,000 - $3,999,999 3 3 1 1 5 1 200.0% -40.0% $4,000,000 - $4,999,999 1 1 1 2 2 1 -50.0% -50.0% $5,000,000 - $5,999,999 1 0 Not Valid 2 0 Not Valid -50.0% 0.0% $6,000,000 - $7,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $8,000,000 - $9,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $10,000,000 and up 2 0 Not Valid 2 0 Not Valid 0.0% 0.0% MarketTotals 15 10 2 13 15 1 15.4% -33.3% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
RIVERSIDE
ANALYSIS
YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202403/31/2024 01/01/202303/31/2023 % CHANGE 2024/2023 04/01/202303/31/2024 04/01/202203/31/2023 % CHANGE 2024/2023 $0 - $999,999 0 0 Not Valid 3 8 -62.5% $1,000,000 - $1,999,999 1 2 -50.0% 16 33 -51.5% $2,000,000 - $2,999,999 2 2 0.0% 27 26 3.8% $3,000,000 - $3,999,999 2 1 100.0% 11 12 -8.3% $4,000,000 - $4,999,999 2 0 Not Valid 9 10 -10.0% $5,000,000 - $5,999,999 0 2 -100.0% 3 4 -25.0% $6,000,000 - $7,999,999 0 1 -100.0% 0 3 -100.0% $8,000,000 - $9,999,999 0 0 Not Valid 0 1 -100.0% $10,000,000 and up 0 0 Not Valid 2 0 Not Valid MarketTotals 7 8 -12.5% 71 97 -26.8%
Greenwich Multiple Listing Service, Single-family homes
Source:
QUARTERLY MARKET OVERVIEW
OLD GREENWICH
TEN-YEAR MARKET HISTORY
Q1 2024 Q1 2023 % CHANGE FULL YEAR 2023 FULL YEAR 2022 % CHANGE HOMES SOLD 8 17 -52.9% 71 87 -18.4% AVERAGE SALE PRICE $4,750,250 $1,856,279 155.9% $2,502,622 $2,731,362 -8.4% MEDIAN SALE PRICE $4,200,000 $1,850,000 127.0% $2,195,000 $2,400,000 -8.5% AVERAGE PRICE PER SQUARE FOOT $1,052 $716 46.9% $845 $819 3.2% AVERAGE DAYS ON MARKET 84 78 7.7% 51 46 10.9% % SALE PRICE TO LIST PRICE 103.8% 98.0% 5.9% 103.5% 102.3% 1.2%
Average Sale Price $2,017,057 $1,997,289 $2,455,255 $2,166,274 $2,323,307 $2,284,319 $2,624,038 $2,731,362 $2,502,622 $4,750,250 Average Sale Price Average Price/SqFt $644 $647 $709 $614 $637 $625 $751 $819 $845 $1,052 Average Price/SqFt Days On Market 148 132 173 159 153 113 58 46 51 84 Days On Market %Sale Price to List Price 96.2 96.9 94.7 94.2 93.6 96.3 99.3 102.3 103.5 103.8 %Sale Price to List Price
2024
on
* Homes sold for
are annualized based
actual sales year-to-date.
OLD GREENWICH
SUPPLY DEMAND ANALYSIS
SOLD PROPERTIES
AS OF MARCH 31, 2024 AS OF MARCH 31, 2023 2024 vs. 2023 PRICE RANGE SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* % CHANGE IN LISTINGS % CHANGE IN PENDINGS $0 - $999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $1,000,000 - $1,999,999 4 8 1 6 5 1 -33.3% 60.0% $2,000,000 - $2,999,999 3 1 3 2 4 1 50.0% -75.0% $3,000,000 - $3,999,999 3 0 Not Valid 0 1 0 0.0% -100.0% $4,000,000 - $4,999,999 2 0 Not Valid 1 1 1 100.0% -100.0% $5,000,000 - $5,999,999 1 1 1 2 0 Not Valid -50.0% 0.0% $6,000,000 - $7,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $8,000,000 - $9,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $10,000,000 and up 1 0 Not Valid 1 0 Not Valid 0.0% 0.0% MarketTotals 14 10 1 12 11 1 16.7% -9.1% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202403/31/2024 01/01/202303/31/2023 % CHANGE 2024/2023 04/01/202303/31/2024 04/01/202203/31/2023 % CHANGE 2024/2023 $0 - $999,999 0 2 -100.0% 4 5 -20.0% $1,000,000 - $1,999,999 0 7 -100.0% 15 31 -51.6% $2,000,000 - $2,999,999 2 6 -66.7% 19 31 -38.7% $3,000,000 - $3,999,999 1 2 -50.0% 9 11 -18.2% $4,000,000 - $4,999,999 3 0 Not Valid 8 4 100.0% $5,000,000 - $5,999,999 0 0 Not Valid 3 3 0.0% $6,000,000 - $7,999,999 1 0 Not Valid 3 3 0.0% $8,000,000 - $9,999,999 1 0 Not Valid 1 0 Not Valid $10,000,000 and up 0 0 Not Valid 0 1 -100.0% MarketTotals 8 17 -52.9% 62 89 -30.3%
Greenwich Multiple Listing Service, Single-family homes
Source:
QUARTERLY MARKET OVERVIEW
GREATER GREENWICH CONDOMINIUMS
TEN-YEAR
MARKET HISTORY
Q1 2024 Q1 2023 % CHANGE FULL YEAR 2023 FULL YEAR 2022 % CHANGE HOMES SOLD 33 45 -26.7% 159 186 -14.5% AVERAGE SALE PRICE $1,236,393 $1,172,255 5.5% $1,209,352 $1,185,880 2.0% MEDIAN SALE PRICE $820,000 $825,000 -0.6% $925,000 $872,500 6.0% AVERAGE PRICE PER SQUARE FOOT $675 $684 -1.3% $707 $625 13.1% AVERAGE DAYS ON MARKET 53 71 -25.4% 57 60 -5.0% % SALE PRICE TO LIST PRICE 101.4% 100.8% 0.6% 99.9% 101.1% -1.2%
Average Sale Price $1,028,489 $981,069 $1,030,294 $1,003,349 $959,215 $1,090,806 $1,109,959 $1,185,880 $1,209,352 $1,236,393 Average Sale Price Average Price/SqFt $495 $488 $492 $509 $480 $528 $550 $625 $707 $675 Average Price/SqFt Days On Market 138 124 130 166 141 148 113 60 57 53 Days On Market %Sale Price to List Price 96.2 96.5 95.0 96.0 95.4 95.4 97.6 101.1 99.9 101.4 %Sale Price to List Price * Homes sold for 2024 are annualized based on actual sales year-to-date.
GREATER GREENWICH CONDOMINIUMS
SUPPLY DEMAND ANALYSIS
SOLD PROPERTIES
AS OF MARCH 31, 2024 AS OF MARCH 31, 2023 2024 vs. 2023 PRICE RANGE SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* % CHANGE IN LISTINGS % CHANGE IN PENDINGS $0 - $999,999 6 12 1 15 9 2 -60.0% 33.3% $1,000,000 - $1,999,999 8 12 1 10 7 1 -20.0% 71.4% $2,000,000 - $2,999,999 0 2 0 6 1 6 -100.0% 100.0% $3,000,000 - $3,999,999 1 2 1 6 3 2 -83.3% -33.3% $4,000,000 - $4,999,999 1 1 1 1 0 Not Valid 0.0% 0.0% $5,000,000 - $5,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $6,000,000 - $7,999,999 0 1 0 0 0 Not Valid 0.0% 0.0% $8,000,000 - $9,999,999 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% $10,000,000 and up 0 0 Not Valid 0 0 Not Valid 0.0% 0.0% MarketTotals 16 30 1 38 20 2 -57.9% 50.0% *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
YEAR-TO-DATE YEAR-OVER-YEAR 01/01/202403/31/2024 01/01/202303/31/2023 % CHANGE 2024/2023 04/01/202303/31/2024 04/01/202203/31/2023 % CHANGE 2024/2023 $0 - $999,999 18 29 -37.9% 74 113 -34.5% $1,000,000 - $1,999,999 10 10 0.0% 54 51 5.9% $2,000,000 - $2,999,999 3 3 0.0% 14 14 0.0% $3,000,000 - $3,999,999 2 2 0.0% 4 9 -55.6% $4,000,000 - $4,999,999 0 1 -100.0% 1 4 -75.0% $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 33 45 -26.7% 147 191 -23.0%
Source: Greenwich Multiple Listing Service, Condominium
GREENWICH, CT · $20,850,000
Spectacular custom construction with pool, tennis & guest house on 5+ acres close to town. Jim Hoffman & Doron Sabag | M 203.517.8105
GREENWICH, CT · $9,650,000
Stylish updated Mid-Country English Manor with a pool house, tennis court & guest cottage. Ellen Mosher & Julie Church | M 203.705.9680
GREENWICH, CT · $6,585,000
8,000+ sq ft 2024 smart home on 2.16 acres in quiet neighborhood with pool and loggia. Amanda Bates Goodro | M 203.536.1195
SELLING BROKERAGE IN GREENWICH 8 YEARS IN A ROW
GREENWICH, CT · $11,950,000
Extraordinary custom stone/clapboard home on 2.46 private acres with pool and cabana.
Ellen Mosher | M 203.705.9680
GREENWICH, CT · $6,895,000
Totally transformed four bedroom home set high with Long Island Sound views near town. Barbara Wells | M 203.912.5644
GREENWICH, CT · $6,495,000
Set on 4 manicured acres with 6 bedrooms & expansive terraces in peaceful backcountry. Julie Church | M 203.561.9373
GREENWICH, CT · $10,750,000
Kaali-Nagy's newest to-be-built ultra-chic luxury home sits on 1.55 gated acres with pool. K. de la Sierra & E. Mosher | M 203.526.6007
GREENWICH, CT · $6,795,000
Exquisite sunlit five bedroom Georgian with pool set on 2.53 acres in Mid-Country. BK Bates | M 203.536.4997
GREENWICH, CT · $6,350,000
Charm & style meet at this entertainer's oasis in Mid-Country with pool & outdoor kitchen. Amanda Miller | M 203.912.9233
Source:
203.869.0700 · HOULIHANLAWRENCE.COM @AROUNDGREENWICH @AROUNDGREENWICH /GREENWICHCTREALESTATE
GMLS, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023 total units of single family homes sold by company, Greater Greenwich.
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