Houlihan Lawrence Q4-2022 Luxury Report

Page 1

Market Report

FULL YEAR 2022

LUXURY NY & CT

MARKET

EXECUTIVE SUMMARY

After two years of surging luxury sales north of NYC, the market cooled off in the second half, resulting in last year’s overall performance being rather mixed. Luxury sales in Westchester (sales $2M and higher), Putnam and Dutchess counties (sales $1M and higher), were largely unchanged, while Greenwich (sales $3M and higher), Darien and New Canaan (sales $2M and higher) experienced sharp declines.

Westchester County posted a slight uptick in closed sales last year, and was the only area north of NYC to exceed sales achieved in 2021. The market performed solidly in the lower end of the market (below $5M) and sales in the higher end dipped by nearly 20%. Northern Westchester inventory is building and pended sales are down, indicating a rare bright spot for buyers.

Putnam and Dutchess counties are unchanged from last year. Pending sales are down significantly, and first quarter sales will likely land in negative territory. These longer-commute-time markets became the darling of NYC buyers seeking low-density areas during the height of the Covid boom, when work from home seemed here to stay. Now, pressure from employers to return to the office, lay-offs at technology companies, and smaller Wall Street bonuses may temper this once white-hot market.

In Greenwich, New Canaan and Darien, closed sales are down by double digits. At first glance, the logical conclusion is a slowdown in the luxury market. However the data suggest strong buyer demand in a sharply supply-constrained market. Homes are selling faster at closer to list price at a higher average price per square foot than last year. Persistent inventory shortage keeps demand high as the scarcity principal kicks in.

The supply issue will not correct itself anytime soon. In the luxury market, rising interest rates have a greater impact on sellers than buyers. Many homeowners who want to sell are unwilling to give up a low rate mortgage to purchase a new home at higher rate in a tight market. Consequently, they decide to hold on to their house and wait for more favorable conditions, fueling the imbalance in the market.

The market is admittedly complicated. The first half of 2023 will likely see a decline in sales north of NYC, though even a sharp drop does not mean the market is collapsing. For example, the past two years of luxury sales in Westchester County are about equal to the aggregate homes sold in 2016, 2017, 2018, and 2019. Perhaps 2023 will recalibrate our expectations of a healthy real estate market as the shadow of the pandemic recedes.

Sincerely,

FULL YEAR 2022
REPORT HOULIHAN LAWRENCE PRIVATE BROKERAGE | P. 914.234.0308 | PRIVATE-BROKERAGE@HOULIHANLAWRENCE.COM

LUXURY MARKET REPORT 4th QUARTER 2022

WESTCHESTER COUNTY LUXURY HOME SALES | $2 M AND HIGHER

Q4 2022 Q4 2021 % CHANGE

FULL YEAR 2022 FULL YEAR 2021 % CHANGE

HOMES SOLD 76 121 -37.2% 673 652 3.2%

TOTAL DOLLAR VOLUME $231,351,914 $407,982,185 -43.3% $2,084,952,896 $2,006,019,811 3.9%

MEDIAN SALE PRICE

$2,631,250 $2,825,000 -6.9% $2,700,000 $2,683,500 0.6%

AVERAGE PRICE PER SQUARE FOOT $594 $589 0.8% $606 $554 9.4%

AVERAGE DAYS ON MARKET 64 74 -13.5% 48 74 -35.1%

% SALE PRICE TO LIST PRICE 96.7% 97.3% -0.6% 102.0% 98.0% 4.1%

PUTNAM AND DUTCHESS COUNTY LUXURY HOME SALES | $1 M AND HIGHER

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

UNITS SOLD 29 35 -17.1% 150 153 -2.0%

TOTAL DOLLAR VOLUME $48,284,897 $64,095,500 -24.7% $285,908,194 $303,828,806 -5.9%

MEDIAN SALE PRICE $1,458,250 $1,615,000 -9.7% $1,450,000 $1,600,000 -9.4%

AVERAGE PRICE PER SQUARE FOOT $433 $528 -18.0% $439 $474 -7.4% AVERAGE DAYS ON MARKET 154 142 8.5% 157 173 -9.2%

% SALE PRICE TO LIST PRICE 97.6% 100.6% -3.0% 94.7% 96.8% -2.2%

GREENWICH, CT LUXURY HOME SALES | $3 M AND HIGHER

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

HOMES SOLD 32 59 -45.8% 256 368 -30.4%

TOTAL DOLLAR VOLUME $154,506,982 $358,676,638 -56.9% $1,296,218,595 $1,949,660,354 -33.5%

MEDIAN SALE PRICE

$4,126,500 $4,600,000 -10.3% $4,505,000 $4,300,000 4.8%

AVERAGE PRICE PER SQUARE FOOT $925 $815 13.5% $807 $769 4.9%

AVERAGE DAYS ON MARKET 57 103 -44.7% 86 137 -37.2%

% SALE PRICE TO LIST PRICE 99.0% 96.9% 2.2% 99.0% 96.8% 2.3%

Source: Onekey MLS, Mid-Hudson MLS and Greenwich MLS.

LUXURY MARKET REPORT

4th QUARTER 2022

DARIEN LUXURY HOME SALES | $2 M AND HIGHER

Q4 2022 Q4 2021 % CHANGE

FULL YEAR 2022 FULL YEAR 2021 % CHANGE

HOMES SOLD 29 24 20.8% 109 145 -24.8%

TOTAL DOLLAR VOLUME

MEDIAN SALE PRICE

$93,456,936 $82,029,500 13.9% $350,815,933 $460,449,532 -23.8%

$2,750,000 $3,112,500 -11.6% $2,867,000 $2,895,000 -1.0%

AVERAGE PRICE PER SQUARE FOOT $627 $640 -2.0% $614 $574 7.0%

AVERAGE DAYS ON MARKET 58 100 -42.0% 45 92 -51.1%

% SALE PRICE TO LIST PRICE 101.1% 99.1% 2.0% 101.9% 98.6% 3.3%

ROWAYTON LUXURY HOME SALES | $2 M AND HIGHER

Q4 2022 Q4 2021 % CHANGE

FULL YEAR 2022 FULL YEAR 2021 % CHANGE

HOMES SOLD 4 7 -42.9% 21 32 -34.4%

TOTAL DOLLAR VOLUME

$13,380,500 $22,091,875 -39.4% $63,182,500 $88,957,235 -29.0%

MEDIAN SALE PRICE $3,471,500 $3,100,000 12.0% $2,825,000 $2,433,750 16.1%

AVERAGE PRICE PER SQUARE FOOT $888 $819 8.4% $785 $731 7.4% AVERAGE DAYS ON MARKET 29 110 -73.6% 33 70 -52.9%

% SALE PRICE TO LIST PRICE 100.0% 96.1% 4.1% 103.2% 98.2% 5.1%

NEW CANAAN LUXURY HOME SALES | $2 M AND HIGHER

Q4 2022 Q4 2021 % CHANGE

FULL YEAR 2022 FULL YEAR 2021 % CHANGE

HOMES SOLD 21 21 0.0% 122 171 -28.7%

TOTAL DOLLAR VOLUME

MEDIAN SALE PRICE

$61,719,000 $67,070,000 -8.0% $374,071,947 $504,890,597 -25.9%

$2,750,000 $3,110,000 -11.6% $2,725,000 $2,695,000 1.1%

AVERAGE PRICE PER SQUARE FOOT $465 $447 4.0% $495 $419 18.1%

AVERAGE DAYS ON MARKET 56 80 -30.0% 58 94 -38.3%

% SALE PRICE TO LIST PRICE 96.9% 97.8% -0.9% 101.2% 99.0% 2.2%

Source: Smart MLS.

LUXURY MARKET REPORT

4th QUARTER 2022

WESTCHESTER COUNTY LUXURY HOME SALES

Q4 2022 Q4 2021 % CHANGE

FULL YEAR 2022 FULL YEAR 2021 % CHANGE

$2,000,000 - $2,999,999 54 69 -21% 432 426 1%

$3,000,000 - $4,999,999 15 39 -61% 201 178 12% $5,000,000 - $9,999,999 6 11 -45% 37 44 -15% $10,000,000 and up

1 2 -50 3 4 -25%

PUTNAM AND DUTCHESS COUNTY LUXURY HOME SALES

Q4 2022 Q4 2021 % CHANGE

FULL YEAR 2022 FULL YEAR 2021 % CHANGE

$1,000,000 - $1,999,999 24 26 -7% 116 105 10% $2,000,000 and up 5 9 -44% 34 48 -29%

GREENWICH, CT LUXURY HOME SALES

Q4 2022 Q4 2021 % CHANGE

FULL YEAR 2022 FULL YEAR 2021 % CHANGE

$3,000,000 - $3,999,999 13 22 -40% 90 160 -43% $4,000,000 - $4,999,999 7 13 -46% 67 73 -8% $5,000,000 - $9,999,999 11 20 -45% 90 120 -25% $10,000,000 and up 1 4 -75% 9 15 -40% Source: Onekey MLS, Mid-Hudson MLS and Greenwich MLS

DARIEN LUXURY HOME SALES

LUXURY MARKET REPORT

4th QUARTER 2022

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

$2,000,000 - $2,999,999 16 9 77% 57 80 -28%

$3,000,000 - $4,999,999 10 13 -23% 44 58 -24% $5,000,000 - $9,999,999 3 2 50% 8 7 14%

$10,000,000 and up 0 0 Not Valid 0 0 Not Valid

ROWAYTON LUXURY HOME SALES

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

$2,000,000 - $2,999,999 1 3 -66% 15 21 -28% $3,000,000 - $4,999,999 3 3 0% 5 10 -50% $5,000,000 - $9,999,999 0 1 -100% 1 1 0% $10,000,000 and up 0 0 Not Valid 0 0 Not Valid

NEW CANAAN LUXURY HOME SALES

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

$2,000,000 - $2,999,999 14 10 40% 80 109 -26%

$3,000,000 - $4,999,999 7 10 -30% 36 58 -37% $5,000,000 - $9,999,999 0 1 -100% 5 4 25%

$10,000,000 and up 0 0 Not Valid 1 0 Not Valid

Source: Smart MLS.

LUXURY MARKET REPORT

4th QUARTER 2022

TOP NEW YORK LUXURY MARKETS

WESTCHESTER COUNTY LUXURY HOME SALES | $2M AND HIGHER

SCHOOL DISTRICT

# OF SALES MEDIAN LUXURY SALE PRICE HIGHEST SALE PRICE

SCARSDALE 18 $2,622,500 $5,400,000 RYE CITY 9 $2,550,000 $6,450,000 HARRISON 8 $2,368,000 $3,275,000 MAMARONECK 7 $2,695,000 $4,900,000 BEDFORD 6 $2,575,000 $4,325,000 BYRAM HILLS 6 $2,750,000 $5,600,000 CHAPPAQUA 6 $2,482,500 $3,100,000 KATONAH LEWISBORO 5 $3,000,000 $7,500,000 BRONXVILLE 3 $2,637,500 $4,350,000 RYE NECK 2 $6,150,000 $10,250,000 NEW ROCHELLE 2 $2,297,500 $2,400,000 IRVINGTON 1 $2,865,000 $2,865,000

PUTNAM COUNTY LUXURY HOME SALES | $1M AND HIGHER

SCHOOL DISTRICT

# OF SALES MEDIAN LUXURY SALE PRICE HIGHEST SALE PRICE

GARRISON 1

$1,300,000 $1,300,000 BREWSTER 1 $1,103,000 $1,103,000 CARMEL 1 $1,775,000 $1,775,000

DUTCHESS COUNTY LUXURY HOME SALES | $1M AND HIGHER

TOWN/CITY

# OF SALES MEDIAN LUXURY SALE PRICE HIGHEST SALE PRICE

RHINEBECK 7 $1,458,250 $2,200,000 WASHINGTON 3 $2,550,000 $4,000,000

PAWLING 2 $1,526,000 $1,952,000 CLINTON 2 $1,358,750 $1,450,000 RED HOOK 1 $1,750,000 $1,750,000

Source: Onekey MLS and Mid-Hudson MLS.

LUXURY MARKET REPORT

4th QUARTER 2022

TOP CONNECTICUT LUXURY MARKETS

GREENWICH, CT LUXURY HOME SALES | $3M AND HIGHER

TOWN/CITY

# OF SALES MEDIAN LUXURY SALE PRICE HIGHEST SALE PRICE

GREENWICH 21 $4,550,000 $11,193,132 RIVERSIDE 5 $4,600,000 $6,107,000 OLD GREENWICH 3 $3,650,000 $5,200,000 COS COB 3 $3,710,000 $4,045,000

SOUTHERN FAIRFIELD COUNTY, CT LUXURY HOME SALES | $2M AND HIGHER

TOWN/CITY

# OF SALES MEDIAN LUXURY SALE PRICE HIGHEST SALE PRICE

WESTPORT 30 $3,125,000 $6,700,000 DARIEN 29 $2,750,000 $7,100,000 NEW CANAAN 21 $2,750,000 $4,945,000 FAIRFIELD 10 $2,767,500 $6,200,000 STAMFORD 4 $3,912,500 $4,600,000 NORWALK 4 $3,471,500 $3,675,000 RIDGEFIELD 3 $2,632,500 $3,400,000 WILTON 2 $2,477,500 $2,825,000 REDDING 1 $2,100,000 $2,100,000 WESTON 1 $2,520,000 $2,520,000

Source: Greenwich MLS and Smart MLS

LUXURY MARKET REPORT

4th QUARTER 2022

SUPPLY/DEMAND SNAPSHOT

SOUTHERN WESTCHESTER COUNTY | $2M AND HIGHER

AS OF DECEMBER 31, 2022

AS OF DECEMBER 31, 2021 2022 vs. 2021

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

$2,000,000 - $2,999,999 26 37 1 30 51 1 -13.3% -27.5% $3,000,000 - $4,999,999 39 24 2 28 24 1 39.3% 0.0% $5,000,000 - $9,999,999 23 7 3 26 6 4 -11.5% 16.7% $10,000,000 and up 2 1 2 3 0 Not Valid -33.3% 0.0%

NORTHERN WESTCHESTER COUNTY | $2M AND HIGHER

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

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

$2,000,000 - $2,999,999 21 11 2 20 17 1 5.0% -35.3% $3,000,000 - $4,999,999 16 4 4 16 9 2 0.0% -55.6% $5,000,000 - $9,999,999 16 0 Not Valid 12 3 4 33.3% -100.0% $10,000,000 and up 5 2 3 6 0 Not Valid -16.7% 0.0%

PUTNAM COUNTY | $1M AND HIGHER

AS OF DECEMBER 31, 2022

AS OF DECEMBER 31, 2021 2022 vs. 2021

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

$1,000,000 - $1,999,999 19 2 10 20 8 3 -5.0% -75.0% $2,000,000 and up 9 1 9 14 2 7 -35.7% -50.0%

DUTCHESS COUNTY | $1M AND HIGHER

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

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

$1,000,000 - $1,999,999 50 12 4 38 18 2 31.6% -33.3% $2,000,000 and up 22 5 4 20 10 2 10.0% -50.0%

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

Source: Onekey MLS and Mid-Hudson MLS.

LUXURY MARKET REPORT

4th QUARTER 2022

SUPPLY/DEMAND SNAPSHOT

GREENWICH, CT | $3M AND HIGHER

AS OF DECEMBER 31, 2022

AS OF DECEMBER 31, 2021 2022 vs. 2021

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

$3,000,000 - $3,999,999 24 10 2 25 17 1 -4.0% -41.2% $4,000,000 - $4,999,999 23 6 4 17 9 2 35.3% -33.3% $5,000,000 - $9,999,999 33 14 2 46 15 3 -28.3% -6.7% $10,000,000 and up       23 1 23 15 3 5 53.3% -66.7%

DARIEN | $2M AND HIGHER

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

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

$2,000,000 - $2,999,999 4 7 1 2 5 1 100.0% 40.0% $3,000,000 - $4,999,999 8 2 4 2 7 1 300.0% -71.4% $5,000,000 - $9,999,999 2 0 Not Valid 4 1 4 -50.0% -100.0% $10,000,000 and up 0 1 0 0 0 Not Valid 0.0% 0.0%

ROWAYTON | $2M AND HIGHER

AS OF DECEMBER 31, 2022

AS OF DECEMBER 31, 2021 2022 vs. 2021

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

$2,000,000 - $2,999,999 0 2 0 1 1 1 -100.0% 100.0% $3,000,000 - $4,999,999 2 0 Not Valid 1 0 Not Valid 100.0% 0.0% $5,000,000 - $9,999,999 0 1 0 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%

NEW CANAAN | $2M AND HIGHER

AS OF DECEMBER 31, 2022

AS OF DECEMBER 31, 2021 2022 vs. 2021 PRICE

SUPPLY: ACTIVE LISTINGS DEMAND:
SALES
Source: Greenwich
RANGE
PENDING
SUPPLY/ DEMAND RATIO* SUPPLY: ACTIVE LISTINGS DEMAND: PENDING SALES SUPPLY/ DEMAND RATIO* % CHANGE IN LISTINGS % CHANGE IN PENDINGS $2,000,000 - $2,999,999 5 2 3 9 14 1 -44.4% -85.7% $3,000,000 - $4,999,999 18 3 6 16 8 2 12.5% -62.5% $5,000,000 - $9,999,999 8 0 Not Valid 9 0 Not Valid -11.1% 0.0% $10,000,000 and up 2 0 Not Valid 2 0 Not Valid 0.0% 0.0% *Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand
MLS and Smart MLS.

LUXURY MARKET REPORT

TEN-YEAR MARKET HISTORY

WESTCHESTER COUNTY LUXURY HOME SALES | $2M AND HIGHER

PUTNAM COUNTY LUXURY HOME SALES | $1M AND HIGHER

Source : Onekey MLS.

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

4th QUARTER 2022

LUXURY MARKET REPORT

TEN-YEAR MARKET HISTORY

DUTCHESS COUNTY LUXURY HOME SALES | $1M AND HIGHER GREENWICH, CT LUXURY HOME SALES | $3M AND HIGHER Source : Mid-Hudson and Greenwich Multiple Listing Service. *2022 homes sold are annualized based on actual sales year-to-date.

4th QUARTER 2022

LUXURY MARKET REPORT

TEN-YEAR MARKET HISTORY

DARIEN, CT LUXURY HOME SALES | $2M AND HIGHER

ROWAYTON, CT LUXURY HOME SALES | $2M AND HIGHER

Source : Smart MLS.

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

4th QUARTER 2022

LUXURY MARKET REPORT 4th QUARTER 2022

TEN-YEAR MARKET HISTORY

NEW CANAAN, CT LUXURY HOME SALES | $2M AND HIGHER Source : Smart MLS.

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

LUXURY MARKET REPORT

A SELECTION OF 2022 LUXURY SALES

1001 FOREST AVENUE

RYE, NY

Offered at $14,875,000

Rye Brokerage 914.967.7680

25 LINDSAY DRIVE

GREENWICH, CT

Offered at $12,250,000

Greenwich Brokerage 203.869.0700

21 GROVE LANE

GREENWICH, CT

Offered at $9,800,000

Greenwich Brokerage 203.869.0700

289 OENOKE RIDGE

NEW CANAAN, CT

Offered at $7,450,000

New Canaan Brokerage 203.966.3507

98 DOUBLING ROAD

GREENWICH, CT

Offered at $6,875,000

Greenwich Brokerage 203.869.0700

39 MEADOW WOOD DRIVE

GREENWICH, CT

Offered at $6,795,000

Greenwich Brokerage 203.869.0700

982 OENOKE RIDGE

NEW CANAAN, CT

Offered at $4,995,000

New Canaan Brokerage 203.966.3507

34 LINDEN LANE

BEDFORD, NY

Offered at $4,200,000

Bedford/Pound Ridge Brokerage 914.234.9099

633 ROUND HILL ROAD

GREENWICH, CT

Offered at $4,495,000

Greenwich Brokerage 203.869.0700

HOULIHANLAWRENCE.COM / HOULIHANLAWRENCE @ HOULIHANLAWRENCE @ HOULIHANRE
FULL YEAR 2022

LUXURY MARKET REPORT

A SELECTION OF 2022 LUXURY SALES

7 DWIGHT LANE

GREENWICH, CT

Offered at $9,495,000

Greenwich Brokerage 203.869.0700

21 STRATFORD ROAD

HARRISON, NY

Offered at $8,900,000

Rye Brokerage 914.967.7680

6-8 UPPER DOGWOOD LANE RYE, NY

Offered at $7,650,000

Rye Brokerage 914.967.7680

20 WINDY RIDGE

PHILIPSTOWN, NY

Offered at $6,250,000

Cold Spring Brokerage 845.265.5500

44 MASTERTON ROAD

BRONXVILLE, NY

Offered at $5,250,000

Bronxville Brokerage 914.337.0400

2 EL RETIRO LANE IRVINGTON , NY

Offered at $4,990,000

Irvington Brokerage 914.591.2700

270 CANTITOE STREET

BEDFORD, NY

Offered at $4,500,000

Bedford/Pound Ridge Brokerage 914.234.9099

103 SHUNPIKE

WASHINGTON, NY

Offered at $4,299,000

Millbrook Brokerage 845.677.6161

1196 SMITH RIDGE ROAD

NEW CANAAN, CT

Offered at $3,700,000

New Canaan Brokerage 203.966.3507

HOULIHANLAWRENCE.COM / HOULIHANLAWRENCE @ HOULIHANLAWRENCE @ HOULIHANRE
FULL YEAR 2022

HOULIHAN LAWRENCE PRIVATE BROKERAGE

Designed expressly for our region's most exceptional properties, Houlihan Lawrence Private Brokerage offers discreet advisory and brokerage services to our valued luxury clients. Since its inception in 1990, our exclusive luxury program directed by Senior Vice President, Anthony P. Cutugno has earned a reputation for personalized boutique-style service and nuanced marketing that best serves the interests of our clientele. Known for our prudence and reliability, Houlihan Lawrence has worked with many of the area's most prominent families, charitable trusts, banks and estate trustees in facilitating the sale of the region's most prestigious properties.

Based on the private banking model, Tony is personally involved in every transaction offering invaluable insight and advice honed by decades of experience in international trade and luxury real estate.

What sets Private Brokerage apart is our ability to leverage Houlihan Lawrence's vast resources and impressive global partners to successfully position a property within the international marketplace. With a reach that extends to 6 continents, Houlihan Lawrence Private Brokerage understands the world of luxury and has cultivated relationships with international partners and high net-worth clients across the globe. These world-class connections supported by the personal oversight of Tony and his Private Brokerage team create a powerful combination that drives results year-after-year.

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914.234.0308 HOULIHANLAWRENCE

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