Houlihan Lawrence Q2-2022 Greenwich Quarterly Report

GREENWICH

Market Report

Q2-2022

Q2 2022 MARKET REPORT

Executive Summary Summer in Greenwich, Connecticut is when our town truly shines. Town beaches and parks are open for relaxation, fitness, and adventure. The ferries to Great Captain Island and Island Beach make their way into and out of Greenwich Harbor. Our town-owned golf course and tennis courts inspire players to chase their next ace! It’s also prime outdoor dining season here, adding a festive atmosphere to all who visit Greenwich Avenue.

As we closed out the second quarter, the real estate market in Greenwich remained upbeat with significant buyer interest and continued limited inventory. But rising mortgage rates and a turbulent stock market gave buyers a reason to tap the brakes and seek greater value in their home buying than we’ve seen in the last two years. Proper initial pricing remains a key to achieving a strong selling price.

And while Greenwich home sales are down 40% compared to a record-setting 2021, it’s worth noting that our yearto-date sales exceed those from the previous eight years. Prices remain strong while the time it takes to sell a home here continues to contract.

Our neighborhood breakdown shows that homes sold in Q2 in Cos Cob closed - on average - nearly 4% over the asking price, which was the strongest in town. Selling prices in Old Greenwich, Riverside, Mid-Country Greenwich, and along the water in Central Greenwich also sold at a premium to the asking price in the quarter. The only geography that sold at a discount to the asking price was North of the Parkway in Greenwich.

We are grateful for the Greenwich community, our world-class agents, and our support staff for helping Houlihan Lawrence remain the #1 real estate brokerage serving Greenwich, Connecticut for seven and half years. Thank you, and we hope you enjoy the rest of the summer!

With Warm Regards, Liz Nunan President and CEO

Source: 1/1/22 - 6/30/22, total sales both on and off MLS.

GREENWICH, CT · $41,500,000 Perfectly situated with 732’ frontage on Long Island Sound. Pool. Belle Haven Association. BelleHavenWaterfront.com | 203.869.0700 /G R E E N W I C H C T R E A L E S TAT E

@A RO U N D G R EEN W I C H

@A RO U N D G R EEN W I C H

2 0 3 . 8 6 9. 0 7 0 0 · 2 0 3 . 6 9 8 . 1 2 3 4 · H O U L I H A N L A W R E N C E . C O M

TABLE OF CONTENTS SECOND QUARTER 2022

GREATER GREENWICH

GREENWICH

Single Family Home Overview

South of the Post Road

GREENWICH

COS COB

North of the Parkway

GREENWICH

OLD GREENWICH

GREATER GREENWICH Condominium Overview

RIVERSIDE

South of the Parkway

HOULIHANLAWRENCE.COM

GREATER GREENWICH

QUARTERLY MARKET OVERVIEW

HOMES SOLD

Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

189

314

-39.8%

331

514

-35.6%

AVERAGE SALE PRICE

$3,137,039 $3,014,406

4.1%

$3,088,467 $2,995,746

3.1%

MEDIAN SALE PRICE

$2,518,000 $2,400,000

4.9%

$2,525,000 $2,341,000

7.9%

AVERAGE PRICE PER SQUARE FOOT

$711

$627

13.4%

$680

$617

10.2%

AVERAGE DAYS ON MARKET

72

115

-37.4%

92

129

-28.7%

% SALE PRICE TO LIST PRICE

100.9%

97.5%

3.5%

99.4%

97.0%

2.5%

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 $3,007,978 $3,088,467 Average Sale Price

Average Price/SqFt

$556

$611

$592

$564

$578

$563

$545

$557

$635

$680

Days On Market

154

155

161

157

183

179

199

171

109

92

%Sale Price to List Price

94.1

93.7

94.4

94.1

92.5

93.7

92.4

94.4

97.4

99.4

* Homes sold for 2022 are annualized based on actual sales year-to-date.

Average Price/SqFt Days On Market %Sale Price to List Price

GREATER GREENWICH SUPPLY DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

AS OF JUNE 30, 2021 SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

2022 vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999

12

11

1

28

28

1

-57.1%

-60.7%

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

41

34

1

76

56

1

-46.1%

-39.3%

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

43

33

1

67

52

1

-35.8%

-36.5%

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

22

17

1

44

35

1

-50.0%

-51.4%

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

18

16

1

31

16

2

-41.9%

0.0%

$5,000,000 - $5,999,999

13

11

1

21

9

2

-38.1%

22.2%

$6,000,000 - $7,999,999

26

17

2

25

19

1

4.0%

-10.5%

$8,000,000 - $9,999,999

8

4

2

21

7

3

-61.9%

-42.9%

29

1

29

24

4

6

20.8%

-75.0%

212

144

1

337

226

1

-37.1%

-36.3%

$10,000,000 and up

Market Totals

*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

01/01/2022 06/30/2022

01/01/2021 06/30/2021

% CHANGE 2022/2021

07/01/2021 06/30/2022

07/01/2020 06/30/2021

% CHANGE 2022/2021

$0 - $999,999

39

58

-32.8%

90

137

-34.3%

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

89

147

-39.5%

231

347

-33.4%

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

70

127

-44.9%

199

264

-24.6%

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

43

78

-44.9%

112

162

-30.9%

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

43

33

30.3%

80

66

21.2%

$5,000,000 - $5,999,999

18

23

-21.7%

38

40

-5.0%

$6,000,000 - $7,999,999

16

32

-50.0%

42

55

-23.6%

$8,000,000 - $9,999,999

7

9

-22.2%

17

19

-10.5%

$10,000,000 and up

6

7

-14.3%

14

18

-22.2%

331

514

-35.6%

823

1108

-25.7%

Market Totals

Source: Greenwich Multiple Listing Service, Single-family homes

GREENWICH NORTH OF THE PARKWAY

QUARTERLY MARKET OVERVIEW Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

16

29

-44.8%

38

54

-29.6%

HOMES SOLD AVERAGE SALE PRICE

$4,088,395 $3,646,965

12.1%

$3,550,837 $4,018,759

-11.6%

MEDIAN SALE PRICE

$2,682,500 $3,225,000

-16.8%

$2,900,000 $2,597,500

11.6%

AVERAGE PRICE PER SQUARE FOOT

$643

$497

29.4%

$589

$546

7.9%

AVERAGE DAYS ON MARKET

73

140

-47.9%

108

146

-26.0%

% SALE PRICE TO LIST PRICE

96.6%

95.8%

0.8%

96.3%

95.5%

0.8%

$3,156,247

$2,851,219

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

Average Price/SqFt

$525

$559

$524

$470

$501

$495

$503

$455

$552

$589

Average Price/SqFt

Days On Market

281

321

250

237

310

210

251

231

169

108

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

96.3

%Sale Price to List Price

* Homes sold for 2022 are annualized based on actual sales year-to-date.

$3,953,143 $3,550,837 Average Sale Price

GREENWICH NORTH OF THE PARKWAY SUPPLY DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

AS OF JUNE 30, 2021 SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

2022 vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999

0

1

0

0

1

0

0.0%

0.0%

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

7

4

2

6

4

2

16.7%

0.0%

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

12

4

3

11

4

3

9.1%

0.0%

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

7

2

4

10

2

5

-30.0%

0.0%

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

7

1

7

7

2

4

0.0%

-50.0%

$5,000,000 - $5,999,999

1

2

1

3

3

1

-66.7%

-33.3%

$6,000,000 - $7,999,999

11

4

3

7

2

4

57.1%

100.0%

$8,000,000 - $9,999,999

3

1

3

8

1

8

-62.5%

0.0%

$10,000,000 and up

11

0

Not Valid

11

1

11

0.0%

-100.0%

Market Totals

59

19

3

63

20

3

-6.3%

-5.0%

*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

01/01/2022 06/30/2022

01/01/2021 06/30/2021

$0 - $999,999

1

4

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

10

8

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

10

16

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

5

11

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

6

6

$5,000,000 - $5,999,999

1

$6,000,000 - $7,999,999

4

$8,000,000 - $9,999,999

0

% CHANGE 2022/2021 -75.0%

07/01/2021 06/30/2022

07/01/2020 06/30/2021

% CHANGE 2022/2021

4

11

-63.6%

25.0%

13

33

-60.6%

-37.5%

22

31

-29.0%

-54.5%

15

24

-37.5%

0.0%

10

16

-37.5%

3

-66.7%

6

4

50.0%

2

100.0%

6

3

100.0%

3

-100.0%

3

5

-40.0%

$10,000,000 and up

1

1

0.0%

2

3

-33.3%

Market Totals

38

54

-29.6%

81

130

-37.7%

Source: Greenwich Multiple Listing Service, Single-family homes

GREENWICH SOUTH OF THE PARKWAY

QUARTERLY MARKET OVERVIEW

HOMES SOLD

Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

67

106

-36.8%

123

177

-30.5%

AVERAGE SALE PRICE

$3,885,959 $3,336,758

16.5%

$3,745,905 $3,350,023

11.8%

MEDIAN SALE PRICE

$3,575,000 $2,987,500

19.7%

$3,250,000 $2,825,000

15.0%

AVERAGE PRICE PER SQUARE FOOT

$691

$584

18.3%

$663

$579

14.5%

AVERAGE DAYS ON MARKET

90

146

-38.4%

113

153

-26.1%

% SALE PRICE TO LIST PRICE

100.1%

97.0%

3.2%

98.6%

96.5%

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

$3,745,905 Average Sale Price

Average Price/SqFt

$537

$567

$587

$535

$550

$537

$499

$530

$596

$663

Average Price/SqFt

Days On Market

166

171

167

176

203

188

234

197

126

113

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

98.6

%Sale Price to List Price

* Homes sold for 2022 are annualized based on actual sales year-to-date.

GREENWICH SOUTH OF THE PARKWAY SUPPLY DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

AS OF JUNE 30, 2021 SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

2022 vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999

6

5

1

13

12

1

-53.8%

-58.3%

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

10

5

2

20

11

2

-50.0%

-54.5%

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

12

11

1

24

19

1

-50.0%

-42.1%

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

8

6

1

18

17

1

-55.6%

-64.7%

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

6

7

1

15

7

2

-60.0%

0.0%

$5,000,000 - $5,999,999

9

6

2

14

5

3

-35.7%

20.0%

$6,000,000 - $7,999,999

8

12

1

12

13

1

-33.3%

-7.7%

$8,000,000 - $9,999,999

4

3

1

10

3

3

-60.0%

0.0%

$10,000,000 and up

9

1

9

6

1

6

50.0%

0.0%

Market Totals

72

56

1

132

88

2

-45.5%

-36.4%

*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

01/01/2022 06/30/2022 $0 - $999,999

01/01/2021 06/30/2021

12

19

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

18

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

25

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

% CHANGE 2022/2021

07/01/2021 06/30/2022

-36.8%

37

33

-45.5%

42

-40.5%

21

32

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

19

16

$5,000,000 - $5,999,999

12

11

$6,000,000 - $7,999,999

7

16

$8,000,000 - $9,999,999

6

6

0.0%

$10,000,000 and up

Market Totals

07/01/2020 06/30/2021

% CHANGE 2022/2021

40

-7.5%

59

81

-27.2%

69

97

-28.9%

-34.4%

45

64

-29.7%

18.8%

34

27

25.9%

9.1%

19

23

-17.4%

-56.3%

20

30

-33.3%

12

12

0.0%

3

2

50.0%

5

3

66.7%

123

177

-30.5%

300

377

-20.4%

Source: Greenwich Multiple Listing Service, Single-family homes

GREENWICH SOUTH OF THE POST ROAD

QUARTERLY MARKET OVERVIEW

HOMES SOLD

Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

20

37

-45.9%

37

70

-47.1%

AVERAGE SALE PRICE

$2,557,200 $4,038,001

-36.7%

$2,943,675 $3,496,129

-15.8%

MEDIAN SALE PRICE

$1,937,500 $2,900,000

-33.2%

$2,125,000 $2,452,000

-13.3%

AVERAGE PRICE PER SQUARE FOOT

$678

$770

-11.9%

$686

$713

-3.8%

AVERAGE DAYS ON MARKET

77

150

-48.7%

118

168

-29.8%

% SALE PRICE TO LIST PRICE

103.5%

96.0%

7.8%

100.2%

96.1%

4.3%

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 $3,926,817 $2,943,675 Average Sale Price

Average Price/SqFt

$577

$726

$598

$623

$639

$666

$667

$676

$712

$686

Days On Market

160

165

172

133

141

208

211

181

137

118

%Sale Price to List Price

92.6

93.4

96.2

92.3

91.5

94.5

92.6

91.1

95.6

100.2

* Homes sold for 2022 are annualized based on actual sales year-to-date.

Average Price/SqFt Days On Market %Sale Price to List Price

GREENWICH SOUTH OF THE POST ROAD SUPPLY DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

AS OF JUNE 30, 2021 SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

2022 vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999

3

2

2

5

3

2

-40.0%

-33.3%

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

3

2

2

15

8

2

-80.0%

-75.0%

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

2

1

2

9

3

3

-77.8%

-66.7%

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

3

1

3

7

1

7

-57.1%

0.0%

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

2

3

1

2

1

2

0.0%

200.0%

$5,000,000 - $5,999,999

0

1

0

2

1

2

-100.0%

0.0%

$6,000,000 - $7,999,999

6

1

6

3

1

3

100.0%

0.0%

$8,000,000 - $9,999,999

1

0

Not Valid

2

1

2

-50.0%

-100.0%

$10,000,000 and up

6

0

Not Valid

7

1

7

-14.3%

-100.0%

Market Totals

26

11

2

52

20

3

-50.0%

-45.0%

*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

01/01/2022 06/30/2022

01/01/2021 06/30/2021

$0 - $999,999

8

14

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

7

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

6

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

% CHANGE 2022/2021

07/01/2021 06/30/2022

07/01/2020 06/30/2021

% CHANGE 2022/2021

-42.9%

13

32

-59.4%

16

-56.3%

23

32

-28.1%

12

-50.0%

17

27

-37.0%

4

7

-42.9%

10

17

-41.2%

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

6

6

0.0%

11

8

37.5%

$5,000,000 - $5,999,999

4

3

33.3%

7

4

75.0%

$6,000,000 - $7,999,999

1

8

-87.5%

3

14

-78.6%

$8,000,000 - $9,999,999

0

0

Not Valid

1

1

0.0%

$10,000,000 and up

1

4

-75.0%

6

10

-40.0%

Market Totals

37

70

-47.1%

91

145

-37.2%

Source: Greenwich Multiple Listing Service, Single-family homes

COS COB

QUARTERLY MARKET OVERVIEW

HOMES SOLD

Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

29

30

-3.3%

46

49

-6.1%

AVERAGE SALE PRICE

$1,916,310 $1,583,900

21.0%

$1,823,897 $1,533,979

18.9%

MEDIAN SALE PRICE

$1,700,000 $1,375,000

23.6%

$1,585,000 $1,350,000

17.4%

AVERAGE PRICE PER SQUARE FOOT

$607

$511

18.8%

$581

$511

13.7%

AVERAGE DAYS ON MARKET

40

134

-70.1%

51

133

-61.7%

% SALE PRICE TO LIST PRICE

103.9%

97.5%

6.6%

102.3%

97.2%

5.2%

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

Average Price/SqFt

$471

$466

Days On Market

131

%Sale Price to List Price

95.0

$506

$490

$456

$486

$436

$444

$532

$581

103

137

139

142

153

141

157

100

51

96.1

96.2

96.0

95.0

95.4

94.4

96.1

98.1

102.3

* Homes sold for 2022 are annualized based on actual sales year-to-date.

$1,248,246 $1,408,910 $1,645,808

$1,823,897 Average Sale Price Average Price/SqFt Days On Market %Sale Price to List Price

COS COB SUPPLY DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

AS OF JUNE 30, 2021 SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

2022 vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999

1

2

1

4

6

1

-75.0%

-66.7%

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

6

7

1

15

6

3

-60.0%

16.7%

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

5

4

1

8

9

1

-37.5%

-55.6%

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

0

0

Not Valid

2

3

1

-100.0%

-100.0%

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

0

0

Not Valid

0

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

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%

Market Totals

12

13

1

29

24

1

-58.6%

-45.8%

*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

01/01/2022 06/30/2022

01/01/2021 06/30/2021

% CHANGE 2022/2021

07/01/2021 06/30/2022

07/01/2020 06/30/2021

% CHANGE 2022/2021

$0 - $999,999

7

7

0.0%

19

23

-17.4%

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

24

34

-29.4%

50

66

-24.2%

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

10

5

100.0%

26

14

85.7%

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

4

3

33.3%

8

5

60.0%

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

1

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

46

49

-6.1%

105

108

-2.8%

Market Totals

Source: Greenwich Multiple Listing Service, Single-family homes

RIVERSIDE

QUARTERLY MARKET OVERVIEW Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

33

59

-44.1%

48

90

-46.7%

HOMES SOLD AVERAGE SALE PRICE

$2,619,596 $2,630,644

-0.4%

$2,485,232 $2,538,513

-2.1%

MEDIAN SALE PRICE

$2,182,000 $2,200,000

-0.8%

$2,050,000 $2,200,000

-6.8%

AVERAGE PRICE PER SQUARE FOOT

$799

$671

19.1%

$766

$647

18.4%

AVERAGE DAYS ON MARKET

65

70

-7.1%

64

87

-26.4%

% SALE PRICE TO LIST PRICE

102.8%

100.0%

2.8%

102.2%

99.2%

3.0%

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 $2,485,232 Average Sale Price

Average Price/SqFt

$582

$599

$634

$601

$619

$595

$542

$618

$678

$766

Average Price/SqFt

Days On Market

132

107

122

138

147

168

180

125

75

64

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

102.2

* Homes sold for 2022 are annualized based on actual sales year-to-date.

%Sale Price to List Price

RIVERSIDE SUPPLY DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

AS OF JUNE 30, 2021 SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

2022 vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999

2

0

Not Valid

4

2

2

-50.0%

-100.0%

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

7

9

1

13

13

1

-46.2%

-30.8%

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

6

5

1

5

8

1

20.0%

-37.5%

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

3

4

1

3

6

1

0.0%

-33.3%

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

1

3

1

3

5

1

-66.7%

-40.0%

$5,000,000 - $5,999,999

1

1

1

1

0

Not Valid

0.0%

0.0%

$6,000,000 - $7,999,999

1

0

Not Valid

0

1

0

0.0%

-100.0%

$8,000,000 - $9,999,999

0

0

Not Valid

0

0

Not Valid

0.0%

0.0%

2

0

Not Valid

0

0

Not Valid

0.0%

0.0%

23

22

1

29

35

1

-20.7%

-37.1%

$10,000,000 and up

Market Totals

*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

01/01/2022 06/30/2022

01/01/2021 06/30/2021

% CHANGE 2022/2021

07/01/2021 06/30/2022

07/01/2020 06/30/2021

% CHANGE 2022/2021

$0 - $999,999

7

11

-36.4%

11

19

-42.1%

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

15

27

-44.4%

42

65

-35.4%

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

12

27

-55.6%

29

48

-39.6%

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

7

14

-50.0%

19

29

-34.5%

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

5

3

66.7%

11

8

37.5%

$5,000,000 - $5,999,999

1

5

-80.0%

6

6

0.0%

$6,000,000 - $7,999,999

0

3

-100.0%

2

3

-33.3%

$8,000,000 - $9,999,999

1

0

Not Valid

1

0

Not Valid

$10,000,000 and up

0

0

Not Valid

0

2

-100.0%

48

90

-46.7%

121

180

-32.8%

Market Totals

Source: Greenwich Multiple Listing Service, Single-family homes

OLD GREENWICH

QUARTERLY MARKET OVERVIEW

HOMES SOLD

Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

23

50

-54.0%

38

70

-45.7%

AVERAGE SALE PRICE

$3,032,635 $2,597,470

16.8%

$2,902,253 $2,493,225

16.4%

MEDIAN SALE PRICE

$2,150,000 $2,325,000

-7.5%

$2,022,500 $2,262,500

-10.6%

AVERAGE PRICE PER SQUARE FOOT

$839

$717

17.0%

$828

$715

15.8%

AVERAGE DAYS ON MARKET

68

58

17.2%

67

75

-10.7%

% SALE PRICE TO LIST PRICE

101.7%

99.0%

2.7%

101.1%

99.0%

2.1%

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

Average Price/SqFt

$615

$749

$644

$647

$709

Days On Market

103

109

147

132

%Sale Price to List Price

95.0

94.1

96.2

96.9

$614

$637

$625

$751

$828

172

159

153

113

58

67

94.7

94.2

93.6

96.3

99.3

101.1

* Homes sold for 2022 are annualized based on actual sales year-to-date.

$2,624,038 $2,902,253 Average Sale Price Average Price/SqFt Days On Market %Sale Price to List Price

OLD GREENWICH SUPPLY DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

AS OF JUNE 30, 2021 SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

2022 vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999

0

1

0

2

4

1

-100.0%

-75.0%

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

8

5

2

7

14

1

14.3%

-64.3%

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

6

8

1

10

9

1

-40.0%

-11.1%

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

1

4

1

4

6

1

-75.0%

-33.3%

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

2

2

1

4

1

4

-50.0%

100.0%

$5,000,000 - $5,999,999

2

1

2

1

0

Not Valid

100.0%

0.0%

$6,000,000 - $7,999,999

0

0

Not Valid

3

2

2

-100.0%

-100.0%

$8,000,000 - $9,999,999

0

0

Not Valid

1

2

1

-100.0%

-100.0%

1

0

Not Valid

0

1

0

0.0%

-100.0%

20

21

1

32

39

1

-37.5%

-46.2%

$10,000,000 and up

Market Totals

*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

01/01/2022 06/30/2022

01/01/2021 06/30/2021

% CHANGE 2022/2021

07/01/2021 06/30/2022

07/01/2020 06/30/2021

% CHANGE 2022/2021

$0 - $999,999

4

3

33.3%

5

12

-58.3%

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

15

26

-42.3%

44

66

-33.3%

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

7

24

-70.8%

36

46

-21.7%

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

2

11

-81.8%

15

23

-34.8%

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

5

2

150.0%

11

7

57.1%

$5,000,000 - $5,999,999

0

1

-100.0%

0

3

-100.0%

$6,000,000 - $7,999,999

4

3

33.3%

11

5

120.0%

$8,000,000 - $9,999,999

0

0

Not Valid

0

1

-100.0%

$10,000,000 and up

1

0

Not Valid

1

0

Not Valid

Market Totals

38

70

-45.7%

123

163

-24.5%

Source: Greenwich Multiple Listing Service, Single-family homes

GREATER GREENWICH CONDOMINIUMS

QUARTERLY MARKET OVERVIEW

HOMES SOLD

Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

58

73

-20.5%

98

129

-24.0%

AVERAGE SALE PRICE

$1,179,715 $952,766

23.8%

$1,175,616 $1,025,073

14.7%

MEDIAN SALE PRICE

$955,000 $785,000

21.7%

$900,000 $765,000

17.6%

AVERAGE PRICE PER SQUARE FOOT

$592

$523

13.2%

$594

$519

14.5%

AVERAGE DAYS ON MARKET

62

99

-37.4%

68

119

-42.9%

% SALE PRICE TO LIST PRICE

102.8%

98.5%

4.4%

101.8%

97.5%

4.4%

TEN-YEAR MARKET HISTORY

Average Sale Price

$842,525

$901,903

$1,028,489

$981,069

$1,030,294 $1,003,349

Average Price/SqFt

$437

$457

$495

$488

$492

$509

$480

$525

$548

$594

Days On Market

186

154

137

124

130

166

141

147

114

68

%Sale Price to List Price

95.0

95.6

96.2

96.5

95.0

96.0

95.4

95.4

97.6

101.8

* Homes sold for 2022 are annualized based on actual sales year-to-date.

$959,215

$1,084,790 $1,089,875

$1,175,616 Average Sale Price Average Price/SqFt Days On Market %Sale Price to List Price

GREATER GREENWICH CONDOMINIUMS SUPPLY DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

AS OF JUNE 30, 2021 SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

2022 vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999

20

12

2

38

19

2

-47.4%

-36.8%

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

11

6

2

17

6

3

-35.3%

0.0%

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

11

3

4

10

2

5

10.0%

50.0%

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

3

3

1

11

2

6

-72.7%

50.0%

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

0

3

0

4

0

Not Valid

-100.0%

0.0%

$5,000,000 - $5,999,999

1

0

Not Valid

1

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%

Market Totals

46

27

2

81

29

3

-43.2%

-6.9%

*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand

SOLD PROPERTIES YEAR-TO-DATE

01/01/2022 06/30/2022

YEAR-OVER-YEAR

01/01/2021 06/30/2021

$0 - $999,999

56

89

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

28

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

9

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

% CHANGE 2022/2021

07/01/2021 06/30/2022

07/01/2020 06/30/2021

% CHANGE 2022/2021

-37.1%

124

162

27

3.7%

53

56

-5.4%

7

28.6%

17

20

-15.0%

3

6

-50.0%

9

13

-30.8%

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

2

0

Not Valid

4

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

0

0

Not Valid

0

0

Not Valid

98

129

-24.0%

207

251

-17.5%

$10,000,000 and up

Market Totals

Source: Greenwich Multiple Listing Service, Condominium

-23.5%

TIME

EMPOWERS US

#

1

R E A L E S TAT E B R O K E R A G E

N O R T H O F N YC

H O U L I H A N L AW R E N C E SC A N TO D I S COV E R W H Y W E ’ R E T H E A R E A’ S H O M E F O R R E A L E S TAT E T I M E E M P O W E R S U S .C O M 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.

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