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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