Q2 | 2017
Greenwich
Market Update
GREENWICH
Offered at $29,500,000 110crr.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, Greenwichcontinues 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 ofdiscriminating buyers, sellers and renters. While Sotheby’s International Realty has offices around the world in 69 countries and territories, here inGreenwich we serve all of Greenwich 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 whileoffering 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 (6/30/2017). 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.
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/ G R E E N WIC H
GREENWICH
French Road | Offered at $9,250,000 36frenchroad.com
RIVERSIDE
Offered at $15,900,000 glenavondrive.com GREENWICH
Offered at $11,500,000 32vineyardlane.com GREENWICH
Offered at $8,495,000 brentwoodmanorct.com GREENWICH
Offered at $5,995,000 5lindsaydr.com *in order from left to right, top to bottom
sothebyshomes.com/greenwich
Market Snapshot Q2
SFH Active Inventory
All Greenwich
Highlight: Total Units Sold SFH 500 450
Old Greenwich
400 350
Greenwich Riverside
250
Riverside
Greenwich
Old Greenwich
200 150
Cos Cob
100
Total Single Family Home Units Sold 163 34 55 34
Greenwich Cos Cob Riverside Old Greenwich
Old Greenwich
Riverside
0 *Price in Millions
Cos Cob
50
Greenwich
Cos Cob
300
Active Single Family Home Inventory by Price Point & Area 185 235 148 70
Under $2 Million $2 - 4 Million $4 - 7.5 Million $7.5+ Million
Q2 Highlights
Highlight: Median Sale Price SFH
All Greenwich
Highlight: Vol by Price Points SFH
$2.5
$2.0
$7.5M and up <$2M
$1.5
$4 - $7.5M
$1.0
$0.5
$2 - $4M
Old Greenwich
Riverside
Cos Cob
*Price in Millions
Greenwich
$0.0
Single Family Home Median Selling Price 1.9 $ 1.3 $ 1.9 $ 2.1 $
Greenwich Cos Cob Riverside Old Greenwich *Price in Millions
<$2M
$2 - $4M
$4 - $7.5M
$7.5M and up
Single Family Home Total Volume by Price Point 28 % 35 % 26 % 11 %
Under $2 Million $2 - 4 Million $4 - 7.5 Million $7.5+ Million
Q2 Highlights
/ Greenwich Market Update
at a glance {Q2 | 2017}
greenwich
1
%
Change in Average Selling Price {2017 v 2016}
17
%
Change in Units Sold {2017 v 2016}
163 Units Sold
2.7m
$
Average Selling Price
Greenwich SINGLE FAMILY HOMES AND CONDOS
Average Median Discount Total Active Selling Price Selling Price Ratio Units Sold Inventory
sfh {2017 v 2016}
Change
1%
0%
-1%
17%
-8%
2017
$2,670,423
$1,900,000
86%
163
433
2016
$2,642,081
$1,900,000
86%
139
473
2015
$2,868,842
$2,175,000
89%
151
397
2014
$3,757,135
$2,283,525
- SFH vs Condos Median Greenwich80% 161 420
Median Sale Price | Single Family Homes vs Condos $2,500,000
GRW Con
$2,000,000
GRW SFH
$1,500,000 $1,000,000 $500,000 $0
2014
2015
Single Family Homes
condos
2016
2017
Condos
Average Median Discount Total Active Selling Price Selling Price Ratio Units Sold Inventory
{2017 v 2016}
Change
16%
5%
2%
-1%
-9%
2017
$983,176
$737,450
93%
68
106
2016
$847,383
$700,000
92%
69
116
2015
$1,211,115
$932,500
93%
74
88
2014
$883,115
$685,000
92%
57
91
Greenwich
/ Greenwich Q2 Market Update
Average Selling Price | Total Units Sold $1.6
50
$1.4
45 40
$1.2
35
$1.0
30
$0.8
25
$0.6
20 15
$0.4
10
$0.2
5
$0.0
0
2014 Average Selling Price <$2M Q2 | 2017 $7.5 and up
2015 $2M-$4M
2016 $4M-$7.5M
2017 Total Units Sold Under $2 Million
$2 - 4 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 {2017 v 2016}
Change
-5%
4%
-5%
-23%
-34%
2017
$1,331,162
$1,290,000
89%
34
46
2016
$1,408,523
$1,242,500
94%
44
70
2015
$1,331,163
$1,257,500
94%
40
55
2014
$1,238,000
$1,175,000
93%
22
39
Greenwich Q2 Market Update / Cos Cob
at a glance {Q2 | 2017}
cos cob
-5
%
Change in Average Selling Price {2017 v 2016}
-23
%
Change in Units Sold {2017 v 2016}
34 Units Sold
1.3m
$
Average Selling Price
at a glance {Q2 | 2017}
riverside
16
%
Change in Average Selling Price {2017 v 2016}
22
%
Change in Units Sold {2017 v 2016}
55 Units Sold
2.4m
$
Average Selling Price
Average Selling Price | Total Units Sold $3.0
60
$2.5
50
$2.0
40
$1.5
30
$1.0
20
$0.5
10
$0.0
0
2014 Average Selling Price <$2M Q2 | 2017
$7.5 and up
2015 $2M-$4M Under $2 Million
2016
2017
Total Units Sold
$2 - $4M-$7.5M 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 {2017 v 2016}
Change
16%
15%
1%
22%
3%
2017
$2,365,104
$1,941,500
90%
55
82
2016
$2,034,630
$1,690,000
89%
45
80
2015
$2,701,566
$2,162,500
91%
57
65
2014
$2,288,011
$2,175,000
93%
45
50
Riverside
/Greenwich Q2 Market Update
Average Selling Price | Total Units Sold $2.5
60 50
$2.0
40 $1.5 30 $1.0 20 $0.5
10
$0.0
0
2014 Average<$2M Selling Price Q2 | 2017
$7.5 and up
2015 $2M-$4M
2016
2017 Total Units Sold
$4M-$7.5M Under $2 Million $2 - 4 Million
$4 - 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 {2017 v 2016}
Change
4%
6%
-3%
-15%
4%
2017
$2,250,324
$2,137,500
89%
34
77
2016
$2,172,113
$2,021,250
92%
40
74
2015
$2,012,556
$1,700,000
95%
49
71
2014
$1,962,931
$1,600,000
90%
49
68
Greenwich Q2 Market Update / Old Greenwich
at a glance {Q2 | 2017}
old greenwich
4
%
Change in Average Selling Price {2017 v 2016}
-15
%
Change in Units Sold {2017 v 2016}
34 Units Sold
2.3m
$
Average Selling Price
Extraordinary Results We celebrate the notable success of our associates and clients
GREENWICH
Enchanting Estate In-Town Last asking $10,900,000
GREENWICH
Khakum Wood Georgian Last asking $6,650,000 SOUTH OF PARKWAY
Calhoun Drive Last asking $5,975,000 GREENWICH
Doubling Road Last asking $5,795,000 GREENWICH
Maple Avenue Last asking $5,200,000 *in order from left to right, top to bottom
sothebyshomes.com/greenwich
TONY DUQUETTE Lot 41: Multi-Colored Sapphire and Ruby Bracelet, $15,000-$20,000
New York July Sales 2017
Jewels Online Auction 30 June – 14 July Contemporary Living Online Auction 6 July – 19 July Contemporary Art Online Auction 7 July – 21 July Space Exploration Online Auction 7 July - 21 July Space Exploration Auction 20 July
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com/Auctions. ENQUIRIES +1 212 606 7000 © 2017 ARTISTS RIGHTS SOCIETY (ARS), NEW YORK / ADAGP, PARIS