Q1 | 2018
Greenwich
Market Update
GREENWICH
The Grandeur of Yesteryear | Offered at $5,995,000 byramshorerd.com
a message from
Pamela Pagnani Brokerage Manager
Greenwich, the gateway to New England, is a terrific place to live and enjoy life. The town is comprised of several villages or hamlets, each with its own unique character, and many with roots dating back to the Pre-Revolutionary War era. Residents of our premier community revel in its parks, beaches, sailing on Long Island Sound, backcountry horseback riding and hiking among other outdoor activities, terrific public and private schools and a sophisticated social scene. With its easy and convenient access to New York City, either by train or car, Greenwich continues to be one of the best towns in America. No matter the state of the market, Sotheby’s International Realty Greenwich brokerage is uniquely well-positioned to service the needs of discriminating buyers, sellers and renters. While Sotheby’s International Realty has offices around the world in 69 countries and territories, here in Greenwich we serve the entire community including Cos Cob, Riverside, Old Greenwich and Greater Greenwich. Sotheby’s International Realty Greenwich has approximately 95 affiliated agents who are seasoned experts in local real estate laws, zoning, building and rental codes. Our mission is simple: to pair exceptional properties with exceptional clients while offering superior, white glove service. We would be pleased to assist you in buying your dream house or selling your home in Greenwich.
sothebyshomes.com/greenwich
GREENWICH BROKERAGE
One Pickwick Plaza | Greenwich, CT 06830 | 203.869.4343 All figures in this document are as reported by the Greenwich MLS (12/31/2017). Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity.
GREENWICH
17 Wooddale Road | Offered at $6,695,000 17wooddaleroad.com
Featured Properties We invite you to explore our exclusive offerings at S OT H EBYS H O M E S.C O M /GR EEN WI CH
GREENWICH (ON THE COVER)
Offered at $22,500,000 124oldmill.com GREENWICH
Offered at $14,450,000 134indianheadrd.com GREENWICH
Offered at $8,988,000 808northst.com GREENWICH
Offered at $6,495,000 167zaccheusmead.com *in order from left to right, top to bottom
sothebyshomes.com/greenwich
Market Snapshot Q1 2018
SFH Active Inventory
All Greenwich
Highlight: Total Units Sold SFH 400 350
Old Greenwich
300 250
Greenwich Cos Cob
Riverside 200
Riverside Greenwich
Old Greenwich Cos Cob
150 100 50
Total Single Family Home Units Sold 59 14 14 13
Greenwich Cos Cob Riverside Old Greenwich
Old Greenwich
Riverside
Cos Cob
Greenwich
0
Active Single Family Home Inventory by Price Point & Area 184 204 121 59
Under $2 Million $2 - 4 Million $4 - 7.5 Million $7.5+ Million
Q1 Highlights
Highlight: Median Sale Price SFH
All Greenwich
Highlight: Vol by Price Points SFH
$2.5
$2.0
<$2M
$7.5M and up
$1.5
$1.0
$4 - $7.5M
$2 - $4M
$0.5
Single Family Home Median Selling Price 2.3 $ 2.0 $ 2.0 $ 1.3 $
Greenwich Cos Cob Riverside Old Greenwich *Price in Millions
Old Greenwich
Riverside
Cos Cob
*Price in Millions
Greenwich
$0.0
<$2M
$2 - $4M
$4 - $7.5M
$7.5M and up
Single Family Home Total Volume by Price Point 20.8 % 30.0 % 31.7 % 17.5 %
Under $2 Million $2 - 4 Million $4 - 7.5 Million $7.5+ Million
Q1 Highlights
/ Greenwich Market Update
at a glance {Q1 | 2018}
greenwich
3
%
Change in Average Selling Price {2018 v 2017}
-22
%
Change in Units Sold {2018 v 2017}
76 Units Sold
2.9m
$
Average Selling Price
Greenwich SINGLE FAMILY HOMES AND CONDOS
sfh
Average Median Discount Total Active Selling Price Selling Price Ratio Units Sold Inventory
{2018 v 2017}
Change
3%
11%
4%
-22%
-5%
2018
$2,964,471
$2,270,000
86%
59
366
2017
$2,883,863
$2,050,000
83%
76
385
2016
$2,752,120
$1,735,000
85%
54
402
2015
$2,966,500
$1,880,000
89%
52
327
2014
$2,966,500
Greenwich - SFH vs Condos Median327 $1,880,000 89% 52
Median Sale Price | Single Family Homes vs Condos $2,500,000
GRW Condo
$2,000,000
GRW SFH
$1,500,000 $1,000,000 $500,000 $0
2014
2015
Single Family Homes
condos
2016
2017
2018
Condos
Average Median Discount Total Active Selling Price Selling Price Ratio Units Sold Inventory
{2018 v 2017}
Change
-13%
-11%
-8%
-24%
11%
2018
$838,535
$677,000
85%
22
102
2017
$963,893
$762,500
92%
29
92
2016
$999,638
$797,000
91%
34
102
2015
$985,714
$745,000
93%
28
89
2014
$817,875
$635,000
88%
20
76 Greenwich
/ Greenwich Market Update
Average Selling Price | Total Units Sold 20
$1.6
18
$1.4
16
$1.2
14
$1.0
12
$0.8
10 8
$0.6
6
$0.4
4
$0.2
2
$0.0
0
2014
2015
Average Selling Price Q1<$2M | 2018
$7.5 and up
2016 $2M-$4M
2017
2018
Total Units Sold
$4M-$7.5M Under $2 Million $2 - 4 Million
$4 - 7.5 Million
ASP
About
Cos Cob Situated just east of Central Greenwich, Cos Cob provides a peaceful village-like setting in a close-knit community. Cos Cob residential areas border the scenic Mianus River, and extensive marinas are located on the upper Mianus Harbor. sothebyshomes.com/greenwich
Average Median Discount Total Active Selling Price Selling Price Ratio Units Sold Inventory {2018 v 2017}
Change
16%
3%
3%
-28%
15%
2018
$1,486,274
$1,275,000
91%
13
46
2017
$1,285,611
$1,240,000
88%
18
40
2016
$1,302,767
$1,175,000
91%
15
52
2015
$1,489,656
$1,307,500
91%
16
26
2014
$1,458,125
$1,225,000
93%
8
28
Greenwich Market Update / Cos Cob
at a glance {Q1 | 2018}
cos cob
16
%
Change in Average Selling Price {2018 v 2017}
-18
%
Change in Units Sold {2018 v 2017}
18 Units Sold
1.3m
$
Average Selling Price
at a glance {Q1 | 2018}
riverside
29
%
Change in Average Selling Price {2018 v 2017}
-22
%
Change in Units Sold {2018 v 2017}
18 Units Sold
2.3m
$
Average Selling Price
Average Selling Price | Total Units Sold $4.0
20 18
$3.5
16
$3.0
14
$2.5
12
$2.0
10 8
$1.5
6
$1.0
4
$0.5
2
$0.0
0
2014
Average Selling Price <$2M Q1 | 2018
2015
2016 $2M-$4M
Under $2 Million
$7.5 and up
2017
2018
Total$4M-$7.5M Units Sold
$2 - 4 Million
$4 - 7.5 Million
$7.5+ Million
ASP
About
Riverside Riversideâ&#x20AC;&#x2122;s extensive shoreline on the river, harbor, and Long Island Sound contributes to its appeal as a desirable waterfront community with a unique and popular variety of properties for sale at any given time. Closely linked to its neighboring village of Old Greenwich, Riverside also has a Metro North commuter station â&#x20AC;&#x201C; less than one hour to Grand Central Station in New York City. sothebyshomes.com/greenwich
Average Median Discount Total Active Selling Price Selling Price Ratio Units Sold Inventory {2018 v 2017}
Change
29%
6%
-1%
-22%
13%
2018
$2,925,214
$1,997,500
90%
14
87
2017
$2,260,216
$1,880,000
92%
18
77
2016
$2,002,321
$1,600,000
92%
14
71
2015
$3,651,923
$2,080,000
84%
13
50
2014
$2,630,079
$2,300,000
90%
19
39 Riverside
/ Greenwich Market Update
Average Selling Price | Total Units Sold $3.0
16 14
$2.5
12 $2.0
10
$1.5
8 6
$1.0
4 $0.5
2
$0.0
0
2014
Average Selling Price <$2M Q1 | 2018
2016
2015
Under$2M-$4M $2 Million
$7.5 and up
2018
2017
Total Units Sold
$4M-$7.5M $2 - 4 Million $4 - 7.5 Million
$7.5+ Million
ASP
About
Old Greenwich The townâ&#x20AC;&#x2122;s origins are traced to the historic village of Old Greenwich, which today preserves the charm of a gracious New England community with classic Colonial Old Greenwich homes and beautiful waterfront properties. Old Greenwich offers an intimate shopping district and lies a short distance of scenic Greenwich Point with its fine town beach, park, and boating facilities. sothebyshomes.com/greenwich
Average Median Discount Total Active Selling Price Selling Price Ratio Units Sold Inventory {2018 v 2017}
Change
4%
-5%
5%
0%
8%
2018
$2,464,321
$2,029,000
92%
14
69
2017
$2,377,643
$2,137,500
88%
14
64
2016
$2,137,633
$1,795,000
91%
15
51
2015
$1,526,124
$1,295,000
94%
9
58
2014
$1,890,769
$1,225,000
88%
13
58
Greenwich Market Update / Old Greenwich
at a glance {Q1 | 2018}
old greenwich
4
%
Change in Average Selling Price {2018 v 2017}
0
%
Change in Units Sold {2018 v 2017}
14 Units Sold
2.4m
$
Average Selling Price
Extraordinary Results We celebrate the notable success of our associates and clients
OLD GREENWICH
6 Ford Lane Last asking $7,500,000
GREENWICH
10 Flagler Drive Last asking $5,995,000 GREENWICH
5 Lindsay Drive Last asking $5,995,000 GREENWICH
Thunder Mountain Last asking $5,500,000 GREENWICH
20 Grahampton Lane Last asking $4,450,000 *in order from left to right, top to bottom
sothebyshomes.com/greenwich
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