Houlihan Lawrence Q4-2022 Greenwich Report by Houlihan Lawrence

Market Report

FULL YEAR 2022

GREENWICH

Buyer demand outpaced the supply of homes for sale in Greenwich, Connecticut, again in 2022. It remains an opportune time to sell a home here as we enter the new year.

While higher interest rates, inflation concerns, and the volatility of financial markets gave buyers numerous reasons for pause in 2022, our limited inventory and broad buyer interest kept the competitive bidding juices flowing. Despite a double-digit decline in home sales in 2022, prices rose while the time it took to sell a home contracted.

Market-sensitive pricing remains a key and crucial strategy to unlock the highest selling price for a home in the Town of Greenwich. On average, homes sold in 2022 did so at nearly 100% of their asking price, with many selling at a premium to the asking price in multiple-bid situations.

Limited inventory levels will continue to be a theme in 2023 as many potential sellers elect to stay put with their low mortgage rates rather than purchase a new home with today’s more expensive financing.

Within our neighborhood sub-markets, Old Greenwich took the prize for the shortest average days on the market at just 46 days. Cos Cob experienced the biggest jump in year-over-year median prices, up 20%. And homes in Greenwich’s Mid-Country sold at an average price of more than $3.6 million, the highest in town.

For eight consecutive years, Houlihan Lawrence has been the #1 brokerage serving Greenwich, Connecticut. We are grateful for our existing and future clients, world-class agents, and support team. Thank you, and happy new year!

With Warm Regards, Liz Nunan President and CEO

Source: 1/1/22 – 12/31/22, total sales both on and off MLS.

· HOULIHANLAWRENCE.COM @AROUNDGREENWICH @AROUNDGREENWICH /GREENWICHCTREALESTATE

203.869.0700 · 203.698.1234

GREENWICH, CT · $17,500,000 Private 4.17 acres offers stunning English Manor with pool, guest house and gardens. WEB# MR3042002

2022

REPORT

FULL YEAR

MARKET

TABLE OF CONTENTS FOURTH QUARTER 2022 GREATER GREENWICH SingleFamilyHomeOverview GREENWICH NorthoftheParkway GREENWICH SouthoftheParkway GREENWICH SouthofthePostRoad COS COB RIVERSIDE OLD GREENWICH GREATER GREENWICH CondominiumOverview HOULIHANLAWRENCE.COM

QUARTERLY MARKET OVERVIEW

HISTORY

GREATER GREENWICH

Q4 2022 Q4 2021 % CHANGE FULL YEAR 2022 FULL YEAR

% CHANGE

SOLD

$2,742,715

$2,375,000

PRICE PER SQUARE FOOT $704 $656

$696

ON MARKET 59

% SALE PRICE TO LIST PRICE 99.2% 96.9%

99.7%

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 $3,050,065 Average Sale Price Average Price/SqFt $556 $611 $592 $564 $578 $563 $545 $557 $635 $696 Average Price/SqFt Days On Market 154 155 161 157 183 179 199 171 109 76 Days On Market %Sale Price to List Price 94.1 93.7 94.4 94.1 92.5 93.7 92.4 94.4 97.4 99.7 %Sale Price to List Price

2021

HOMES

101 172 -41.3% 637 1006 -36.7% AVERAGE SALE PRICE

$3,170,324 -13.5% $3,050,065 $3,007,978 1.4% MEDIAN SALE PRICE

$2,231,250 6.4% $2,450,000 $2,300,000 6.5% AVERAGE

7.3%

$635 9.6% AVERAGE DAYS

99 -40.4% 76 109 -30.3%

2.4%

97.4% 2.4% TEN-YEAR MARKET

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

SUPPLY DEMAND ANALYSIS

PRICE RANGE

AS OF DECEMBER 31, 2022

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

AS OF DECEMBER 31, 2021 2022 vs. 2021

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999 9 6 2 9 9 1 0.0% -33.3% $1,000,000 - $1,999,999 21 11 2 29 23 1 -27.6% -52.2% $2,000,000 - $2,999,999 18 11 2 25 18 1 -28.0% -38.9% $3,000,000 - $3,999,999 19 8 2 21 16 1 -9.5% -50.0% $4,000,000 - $4,999,999 22 6 4 16 9 2 37.5% -33.3%

$5,000,000 - $5,999,999 18 3 6 14 3 5 28.6% 0.0%

$6,000,000 - $7,999,999 10 8 1 21 10 2 -52.4% -20.0% $8,000,000 - $9,999,999 5 3 2 11 2 6 -54.5% 50.0% $10,000,000 and up 23 1 23 15 3 5 53.3% -66.7%

YEAR-TO-DATE YEAR-OVER-YEAR

01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021 01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021

$0 - $999,999 62 109 -43.1% 62 109 -43.1%

$1,000,000 - $1,999,999 183 289 -36.7% 183 289 -36.7% $2,000,000 - $2,999,999 149 256 -41.8% 149 256 -41.8% $3,000,000 - $3,999,999 81 147 -44.9% 81 147 -44.9% $4,000,000 - $4,999,999 63 70 -10.0% 63 70 -10.0%

$5,000,000 - $5,999,999 42 43 -2.3% 42 43 -2.3% $6,000,000 - $7,999,999 35 58 -39.7% 35 58 -39.7%

$8,000,000 - $9,999,999 13 19 -31.6% 13 19 -31.6% $10,000,000 and up 9 15 -40.0% 9 15 -40.0%

MarketTotals 637 1006 -36.7% 637 1006 -36.7%

Source: Greenwich Multiple Listing Service, Single-family homes

GREATER GREENWICH

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

MarketTotals 145 57 3 161 93 2 -9.9% -38.7% *Supply Demand Ratio

SOLD PROPERTIES

QUARTERLY MARKET OVERVIEW

TEN-YEAR MARKET HISTORY

GREENWICH NORTH

THE

PARKWAY

Q4 2022 Q4 2021 % CHANGE FULL YEAR 2022 FULL YEAR 2021 % CHANGE

SOLD 13 16

PRICE $2,956,432 $3,424,446

$3,494,702

PRICE $2,550,000

PRICE PER SQUARE FOOT $552 $484 14.0% $596 $552

DAYS ON MARKET 61 170

102

% SALE PRICE TO LIST PRICE 101.2% 99.4%

97.3%

HOMES

-18.8%

97 -21.6% AVERAGE SALE

-13.7%

$3,953,143 -11.6% MEDIAN SALE

$3,297,500 -22.7% $2,900,000 $3,000,000 -3.3% AVERAGE

8.0% AVERAGE

-64.1%

169 -39.6%

1.8%

96.5% 0.8%

Average Sale Price $3,106,132 $4,136,921 $2,834,463 $2,939,222 $3,590,745 $3,264,086 $3,156,247 $2,851,219 $3,953,143 $3,494,702 Average Sale Price Average Price/SqFt $525 $559 $524 $470 $501 $495 $503 $455 $552 $596 Average Price/SqFt Days On Market 281 321 250 237 310 210 251 231 169 102 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 97.3 %Sale Price to List Price

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

NORTH OF THE PARKWAY

SUPPLY DEMAND ANALYSIS

PRICE RANGE

AS OF DECEMBER 31, 2022 AS OF DECEMBER 31, 2021 2022 vs. 2021

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 0 1 0 0.0% 0.0%

$1,000,000 - $1,999,999 5 1 5 5 3 2 0.0% -66.7%

$2,000,000 - $2,999,999 4 1 4 9 3 3 -55.6% -66.7% $3,000,000 - $3,999,999 4 1 4 3 3 1 33.3% -66.7% $4,000,000 - $4,999,999 10 1 10 3 3 1 233.3% -66.7%

$5,000,000 - $5,999,999 2 0 Not Valid 1 0 Not Valid 100.0% 0.0%

$6,000,000 - $7,999,999 5 2 3 7 3 2 -28.6% -33.3% $8,000,000 - $9,999,999 2 2 1 3 0 Not Valid -33.3% 0.0% $10,000,000 and up 8 1 8 8 0 Not Valid 0.0% 0.0% MarketTotals 40 10 4 39 16 2 2.6% -37.5% *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

01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021 01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021

$0 - $999,999 1 7 -85.7% 1 7 -85.7% $1,000,000 - $1,999,999 18 11 63.6% 18 11 63.6% $2,000,000 - $2,999,999 22 28 -21.4% 22 28 -21.4% $3,000,000 - $3,999,999 14 21 -33.3% 14 21 -33.3% $4,000,000 - $4,999,999 7 10 -30.0% 7 10 -30.0% $5,000,000 - $5,999,999 4 8 -50.0% 4 8 -50.0% $6,000,000 - $7,999,999 8 4 100.0% 8 4 100.0% $8,000,000 - $9,999,999 1 6 -83.3% 1 6 -83.3% $10,000,000 and up 1 2 -50.0% 1 2 -50.0%

MarketTotals 76 97 -21.6% 76 97 -21.6%

Source: Greenwich Multiple Listing Service, Single-family homes

GREENWICH

QUARTERLY MARKET OVERVIEW

TEN-YEAR MARKET HISTORY

GREENWICH SOUTH

OF THE PARKWAY

Q4 2021 % CHANGE FULL YEAR

FULL YEAR

% CHANGE

Q4 2022

2022

2021

PER

FOOT

PRICE TO LIST PRICE 97.6%

HOMES SOLD 33 65 -49.2% 226 354 -36.2% AVERAGE SALE PRICE $2,828,131 $2,857,257 -1.0% $3,634,903 $3,212,533 13.1% MEDIAN SALE PRICE $2,495,000 $2,250,000 10.9% $3,007,500 $2,587,500 16.2% AVERAGE PRICE

SQUARE

$675 $619 9.0% $674 $596 13.1% AVERAGE DAYS ON MARKET 65 104 -37.5% 94 126 -25.4%

SALE

96.4% 1.2% 98.9% 97.0% 2.0%

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 $3,634,903 Average Sale Price Average Price/SqFt $537 $567 $587 $535 $550 $537 $499 $530 $596 $674 Average Price/SqFt Days On Market 166 171 167 176 203 188 234 197 126 94 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 98.9 %Sale Price to List Price

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

SOUTH OF THE PARKWAY

SUPPLY DEMAND ANALYSIS

PRICE RANGE

AS OF DECEMBER 31, 2022 AS OF DECEMBER 31, 2021 2022 vs. 2021

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 4 2 2 3 5 1 33.3% -60.0%

$1,000,000 - $1,999,999 5 3 2 9 5 2 -44.4% -40.0%

$2,000,000 - $2,999,999 2 4 1 9 9 1 -77.8% -55.6% $3,000,000 - $3,999,999 3 5 1 9 8 1 -66.7% -37.5% $4,000,000 - $4,999,999 10 2 5 7 3 2 42.9% -33.3%

$5,000,000 - $5,999,999 11 2 6 13 2 7 -15.4% 0.0%

$6,000,000 - $7,999,999 3 6 1 11 7 2 -72.7% -14.3% $8,000,000 - $9,999,999 2 1 2 8 2 4 -75.0% -50.0% $10,000,000 and up 7 0 Not Valid 5 1 5 40.0% -100.0% MarketTotals 47 25 2 74 42 2 -36.5% -40.5% *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

01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021 01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021

$0 - $999,999 25 44 -43.2% 25 44 -43.2% $1,000,000 - $1,999,999 39 74 -47.3% 39 74 -47.3% $2,000,000 - $2,999,999 47 86 -45.3% 47 86 -45.3% $3,000,000 - $3,999,999 34 56 -39.3% 34 56 -39.3% $4,000,000 - $4,999,999 27 31 -12.9% 27 31 -12.9%

$5,000,000 - $5,999,999 21 18 16.7% 21 18 16.7%

$6,000,000 - $7,999,999 17 29 -41.4% 17 29 -41.4% $8,000,000 - $9,999,999 10 12 -16.7% 10 12 -16.7% $10,000,000 and up 6 4 50.0% 6 4 50.0%

MarketTotals 226 354 -36.2% 226 354 -36.2%

Source: Greenwich Multiple Listing Service, Single-family homes

GREENWICH

QUARTERLY MARKET OVERVIEW

TEN-YEAR MARKET HISTORY

GREENWICH SOUTH OF THE POST ROAD

Q4 2022 Q4 2021 % CHANGE FULL YEAR 2022 FULL YEAR 2021 % CHANGE

HOMES SOLD 11 20 -45.0% 64 124 -48.4%

AVERAGE SALE PRICE $3,674,213 $6,518,475 -43.6% $3,288,974 $3,926,817 -16.2% MEDIAN SALE PRICE $2,600,000 $2,900,000 -10.3% $2,505,000 $2,392,500 4.7% AVERAGE PRICE PER SQUARE FOOT $945 $755 25.2% $752 $712 5.6% AVERAGE DAYS ON MARKET 51 117 -56.4% 85 137 -38.0% % SALE PRICE TO LIST PRICE 97.1% 93.5% 3.9% 99.6% 95.6% 4.2%

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 $3,288,974 Average Sale Price Average Price/SqFt $577 $726 $598 $623 $639 $666 $667 $676 $712 $752 Average Price/SqFt Days On Market 160 165 172 133 141 208 211 181 137 85 Days On Market %Sale Price to List Price 92.6 93.4 96.2 92.3 91.5 94.5 92.6 91.1 95.6 99.6 %Sale Price to List Price

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

SOUTH OF THE POST ROAD

SUPPLY DEMAND ANALYSIS

PRICE RANGE

AS OF DECEMBER 31, 2022 AS OF DECEMBER 31, 2021 2022 vs. 2021

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 1 2 2 1 2 0.0% 0.0%

$1,000,000 - $1,999,999 0 0 Not Valid 5 1 5 -100.0% -100.0%

$2,000,000 - $2,999,999 7 1 7 4 1 4 75.0% 0.0% $3,000,000 - $3,999,999 4 1 4 5 1 5 -20.0% 0.0% $4,000,000 - $4,999,999 1 2 1 3 2 2 -66.7% 0.0%

$5,000,000 - $5,999,999 1 0 Not Valid 0 1 0 0.0% -100.0%

$6,000,000 - $7,999,999 2 0 Not Valid 1 0 Not Valid 100.0% 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 2 2 1 200.0% -100.0%

MarketTotals 24 5 5 22 9 2 9.1% -44.4% *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

01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021 01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021

$0 - $999,999 11 19 -42.1% 11 19 -42.1%

$1,000,000 - $1,999,999 14 32 -56.3% 14 32 -56.3% $2,000,000 - $2,999,999 9 23 -60.9% 9 23 -60.9% $3,000,000 - $3,999,999 4 13 -69.2% 4 13 -69.2% $4,000,000 - $4,999,999 9 11 -18.2% 9 11 -18.2% $5,000,000 - $5,999,999 11 6 83.3% 11 6 83.3% $6,000,000 - $7,999,999 4 10 -60.0% 4 10 -60.0% $8,000,000 - $9,999,999 1 1 0.0% 1 1 0.0% $10,000,000 and up 1 9 -88.9% 1 9 -88.9%

MarketTotals 64 124 -48.4% 64 124 -48.4%

Source: Greenwich Multiple Listing Service, Single-family homes

GREENWICH

QUARTERLY

COS COB

% CHANGE FULL YEAR

FULL YEAR

MARKET OVERVIEW Q4 2022

2021

2022

2021 % CHANGE

Average Sale Price $1,241,224 $1,254,598 $1,365,294 $1,321,116 $1,331,751 $1,564,416 $1,248,246 $1,408,910 $1,645,808 $1,815,667 Average Sale Price Average Price/SqFt $471 $466 $506 $490 $456 $486 $436 $444 $532 $583 Average Price/SqFt Days On Market 131 103 137 139 142 153 141 157 100 51 Days On Market %Sale Price to List Price 95.0 96.1 96.2 96.0 95.0 95.4 94.4 96.1 98.1 101.0 %Sale Price to List Price

HOMES SOLD 12 20 -40.0% 77 108 -28.7% AVERAGE SALE PRICE $2,050,708 $1,502,952 36.4% $1,815,667 $1,645,808 10.3% MEDIAN SALE PRICE $1,750,000 $1,354,771 29.2% $1,650,000 $1,380,000 19.6% AVERAGE PRICE PER SQUARE FOOT $597 $552 8.2% $583 $532 9.6% AVERAGE DAYS ON MARKET 54 99 -45.5% 51 100 -49.0% % SALE PRICE TO LIST PRICE 99.3% 99.5% -0.2% 101.0% 98.1% 3.0% TEN-YEAR MARKET HISTORY

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

SUPPLY DEMAND ANALYSIS

PRICE RANGE

AS OF DECEMBER 31, 2022

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

AS OF DECEMBER 31, 2021 2022 vs. 2021

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999 1 1 1 2 1 2 -50.0% 0.0%

$1,000,000 - $1,999,999 7 3 2 5 5 1 40.0% -40.0%

$2,000,000 - $2,999,999 2 0 Not Valid 0 3 0 0.0% -100.0% $3,000,000 - $3,999,999 1 0 Not Valid 1 0 Not Valid 0.0% 0.0% $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% MarketTotals 11 4 3 8 9 1 37.5% -55.6%

YEAR-TO-DATE YEAR-OVER-YEAR

01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021 01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021

$0 - $999,999 11 19 -42.1% 11 19 -42.1%

$1,000,000 - $1,999,999 41 60 -31.7% 41 60 -31.7% $2,000,000 - $2,999,999 18 21 -14.3% 18 21 -14.3% $3,000,000 - $3,999,999 5 7 -28.6% 5 7 -28.6% $4,000,000 - $4,999,999 2 1 100.0% 2 1 100.0% $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 77 108 -28.7% 77 108 -28.7% Source: Greenwich Multiple Listing Service, Single-family homes

COS COB

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

*Supply Demand Ratio

SOLD PROPERTIES

QUARTERLY MARKET OVERVIEW

TEN-YEAR MARKET HISTORY

RIVERSIDE

% CHANGE FULL YEAR

FULL YEAR

Q4 2022

2021

2022

2021 % CHANGE

HOMES SOLD 20 22 -9.1% 104 163 -36.2%

AVERAGE SALE PRICE $2,449,336 $3,103,653 -21.1% $2,507,628 $2,614,485 -4.1% MEDIAN SALE PRICE $2,093,500 $2,462,500 -15.0% $2,050,000 $2,205,000 -7.0% AVERAGE PRICE PER SQUARE FOOT $704 $771 -8.7% $757 $678 11.7% AVERAGE DAYS ON MARKET 62 72 -13.9% 54 75 -28.0% % SALE PRICE TO LIST PRICE 101.4% 99.2% 2.2% 102.0% 99.7% 2.3%

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 $2,507,628 Average Sale Price Average Price/SqFt $582 $599 $634 $601 $619 $595 $542 $618 $678 $757 Average Price/SqFt Days On Market 132 107 122 138 147 168 180 125 75 54 Days On Market %Sale Price to List Price 96.1 96.6 94.6 93.9 94.7 94.9 94.1 94.3 99.7 102.0 %Sale Price to List Price

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

SUPPLY DEMAND ANALYSIS

PRICE RANGE

AS OF DECEMBER 31, 2022

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

AS OF DECEMBER 31, 2021 2022 vs. 2021

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999 1 0 Not Valid 1 1 1 0.0% -100.0%

$1,000,000 - $1,999,999 1 0 Not Valid 2 4 1 -50.0% -100.0%

$2,000,000 - $2,999,999 2 2 1 1 1 1 100.0% 100.0% $3,000,000 - $3,999,999 5 0 Not Valid 2 2 1 150.0% -100.0% $4,000,000 - $4,999,999 0 1 0 2 0 Not Valid -100.0% 0.0%

$5,000,000 - $5,999,999 2 1 2 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 1 0 Not Valid 0 0 Not Valid 0.0% 0.0% MarketTotals 12 4 3 8 8 1 50.0% -50.0%

YEAR-TO-DATE YEAR-OVER-YEAR

01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021 01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021

$0 - $999,999 10 15 -33.3% 10 15 -33.3%

$1,000,000 - $1,999,999 38 54 -29.6% 38 54 -29.6% $2,000,000 - $2,999,999 26 44 -40.9% 26 44 -40.9% $3,000,000 - $3,999,999 14 26 -46.2% 14 26 -46.2% $4,000,000 - $4,999,999 10 9 11.1% 10 9 11.1% $5,000,000 - $5,999,999 3 10 -70.0% 3 10 -70.0% $6,000,000 - $7,999,999 2 5 -60.0% 2 5 -60.0% $8,000,000 - $9,999,999 1 0 Not Valid 1 0 Not Valid $10,000,000 and up 0 0 Not Valid 0 0 Not Valid

MarketTotals 104 163 -36.2% 104 163 -36.2%

Source: Greenwich Multiple Listing Service, Single-family homes

RIVERSIDE

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

*Supply Demand Ratio

SOLD PROPERTIES

QUARTERLY MARKET OVERVIEW

OLD GREENWICH

Q4 2022 Q4 2021 % CHANGE FULL YEAR 2022 FULL YEAR 2021 % CHANGE

HOMES SOLD 12 28 -57.1% 87 155 -43.9%

Average Sale Price $1,753,566 $2,564,436 $2,017,057 $1,997,289 $2,455,255 $2,166,274 $2,323,307 $2,284,319 $2,624,038 $2,731,362 Average Sale Price Average Price/SqFt $615 $749 $644 $647 $709 $614 $637 $625 $751 $819 Average Price/SqFt Days On Market 103 109 147 132 172 159 153 113 58 46 Days On Market %Sale Price to List Price 95.0 94.1 96.2 96.9 94.7 94.2 93.6 96.3 99.3 102.3 %Sale Price to List Price

AVERAGE SALE PRICE $2,603,391 $2,687,821 -3.1% $2,731,362 $2,624,038 4.1% MEDIAN SALE PRICE $2,737,500 $2,173,750 25.9% $2,400,000 $2,250,000 6.7% AVERAGE PRICE PER SQUARE FOOT $831 $766 8.5% $819 $751 9.1% AVERAGE DAYS ON MARKET 49 56 -12.5% 46 58 -20.7% % SALE PRICE TO LIST PRICE 100.7% 99.9% 0.8% 102.3% 99.3% 3.0% TEN-YEAR MARKET HISTORY

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

SUPPLY DEMAND ANALYSIS

PRICE RANGE

AS OF DECEMBER 31, 2022

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

AS OF DECEMBER 31, 2021 2022 vs. 2021

SUPPLY: ACTIVE LISTINGS

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $999,999 1 1 1 1 0 Not Valid 0.0% 0.0%

$1,000,000 - $1,999,999 3 4 1 2 5 1 50.0% -20.0%

$2,000,000 - $2,999,999 1 3 1 2 1 2 -50.0% 200.0% $3,000,000 - $3,999,999 2 1 2 1 2 1 100.0% -50.0% $4,000,000 - $4,999,999 1 0 Not Valid 1 1 1 0.0% -100.0%

$5,000,000 - $5,999,999 2 0 Not Valid 0 0 Not Valid 0.0% 0.0%

$6,000,000 - $7,999,999 0 0 Not Valid 2 0 Not Valid -100.0% 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 0 0 Not Valid 0.0% 0.0% MarketTotals 11 9 1 9 9 1 22.2% 0.0%

YEAR-TO-DATE YEAR-OVER-YEAR

01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021 01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021

$0 - $999,999 4 4 0.0% 4 4 0.0%

$1,000,000 - $1,999,999 31 55 -43.6% 31 55 -43.6% $2,000,000 - $2,999,999 27 53 -49.1% 27 53 -49.1% $3,000,000 - $3,999,999 10 24 -58.3% 10 24 -58.3% $4,000,000 - $4,999,999 7 8 -12.5% 7 8 -12.5% $5,000,000 - $5,999,999 3 1 200.0% 3 1 200.0% $6,000,000 - $7,999,999 4 10 -60.0% 4 10 -60.0% $8,000,000 - $9,999,999 0 0 Not Valid 0 0 Not Valid $10,000,000 and up 1 0 Not Valid 1 0 Not Valid

MarketTotals 87 155 -43.9% 87 155 -43.9% Source: Greenwich Multiple Listing Service, Single-family homes

OLD

GREENWICH

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

*Supply Demand Ratio

SOLD PROPERTIES

QUARTERLY MARKET OVERVIEW

GREATER GREENWICH CONDOMINIUMS

Q4 2022 Q4 2021 % CHANGE FULL YEAR 2022 FULL YEAR 2021 % CHANGE

SOLD 52 47

186 239

SALE PRICE $1,020,228 $1,193,741

$1,185,880

SALE PRICE $820,000

PRICE PER SQUARE FOOT $696 $573

$625

DAYS ON MARKET 59

% SALE PRICE TO LIST PRICE 99.1% 96.8% 2.4% 101.1% 97.6%

Average Sale Price $842,525 $901,903 $1,028,489 $981,069 $1,030,294 $1,003,349 $959,215 $1,084,790 $1,088,265 $1,185,880 Average Sale Price Average Price/SqFt $437 $457 $495 $488 $492 $509 $480 $525 $548 $625 Average Price/SqFt Days On Market 186 154 137 124 130 166 141 147 114 60 Days On Market %Sale Price to List Price 95.0 95.6 96.2 96.5 95.0 96.0 95.4 95.4 97.6 101.1 %Sale Price to List Price

HOMES

10.6%

-22.2% AVERAGE

-14.5%

$1,088,265 9.0% MEDIAN

$880,000 -6.8% $872,500 $790,000 10.4% AVERAGE

21.5%

$548 14.1% AVERAGE

101 -41.6%

114 -47.4%

3.6% TEN-YEAR MARKET HISTORY

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

CONDOMINIUMS

SUPPLY DEMAND ANALYSIS

PRICE RANGE

AS OF DECEMBER 31, 2022 AS OF DECEMBER 31, 2021 2022 vs. 2021

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 13 7 2 14 7 2 -7.1% 0.0%

$1,000,000 - $1,999,999 9 4 2 13 2 7 -30.8% 100.0% $2,000,000 - $2,999,999 2 2 1 11 3 4 -81.8% -33.3% $3,000,000 - $3,999,999 5 2 3 4 1 4 25.0% 100.0% $4,000,000 - $4,999,999 1 0 Not Valid 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 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 30 15 2 43 13 3 -30.2% 15.4% *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

01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021 01/01/202212/31/2022 01/01/202112/31/2021 % CHANGE 2022/2021

$0 - $999,999 110 158 -30.4% 110 158 -30.4% $1,000,000 - $1,999,999 48 52 -7.7% 48 52 -7.7% $2,000,000 - $2,999,999 15 15 0.0% 15 15 0.0% $3,000,000 - $3,999,999 9 12 -25.0% 9 12 -25.0% $4,000,000 - $4,999,999 4 2 100.0% 4 2 100.0% $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 186 239 -22.2% 186 239 -22.2%

Source: Greenwich Multiple Listing Service, Condominium

GREATER GREENWICH

203.869.0700 · 203.698.1234 · HOULIHANLAWRENCE.COM @AROUNDGREENWICH @AROUNDGREENWICH /GREENWICHCTREALESTATE Source: GMLS, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, total dollar volume of single family homes sold by company, Greenwich, Cos Cob, Riverside and Old Greenwich. # 1 Brokerage in Greenwich 8 YEARS IN A ROW GREENWICH, CT · $3,850,000 Exquisite stone Manor on 1.4 acres bordering conservation land with expansive open views. GreenwichGatedCommunity.com OLD GREENWICH, CT · $3,699,000 Spectacular custom quality new construction with approved pool site. WEB# MR3035672 GREENWICH, CT · $3,495,000 Waterfront with private beach. Private Indian Harbor Association. Four bedrooms, 1.32 acres. WEB# MR2881832 RIVERSIDE, CT · $2,495,000 Convenient Riverside location offers an elegant five-bedroom Colonial near schools and shops. WEB# MR3054012 GREENWICH, CT · $1,395,000 1930s Farmhouse with porch overlooking backyard, living room with fireplace, formal dining room. WEB# MR3045662 GREENWICH, CT · $1,495,000 Enjoy waterfront living in Greenwich from this luxury three bedroom, two-and-a-half bath Townhouse. WEB# MR3053362

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