Year End | 2017
Greenwich
Market Update
GREENWICH
55 Winding Lane | Offered at $5,995,000 55windinglane.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 (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.
GREENWICH
Longvue Point | Offered at $9,750,000 longvuepoint.com
Featured Properties We invite you to explore our exclusive offerings at S OT H E BYS H O M E S.C O M /GR EEN WI CH
GREENWICH
Offered at $12,900,000 2dpmrd.com GREENWICH (ON THE COVER)
Offered at $12,250,000 586roundhill.com GREENWICH
Offered at $9,425,000 65clapboardridgerd.com GREENWICH
Offered at $5,795,000 19witherell.com *in order from left to right, top to bottom
sothebyshomes.com/greenwich
Market Snapshot Year End
SFH Active Inventory
All Greenwich
Highlight: Total Units Sold SFH 300
250
Old Greenwich 200
Greenwich
150
Riverside
Riverside
Greenwich
Old Greenwich Cos Cob
100
50
Total Single Family Home Units Sold 323 67 100 77
Greenwich Cos Cob Riverside Old Greenwich
Old Greenwich
Riverside
Greenwich
0
Cos Cob
Cos Cob
Active Single Family Home Inventory by Price Point & Area 118 143 81 39
Under $2 Million $2 - 4 Million $4 - 7.5 Million $7.5+ Million
Year End Highlights
Highlight: Median Sale Price SFH
All Greenwich
Highlight: Vol by Price Points SFH $2.5
$2.0
$7.5M and up $1.5
$1.0
<$2M
$4 - $7.5M
$0.5
$2 - $4M
Single Family Home Median Selling Price 2.0 $ 1.2 $ 1.8 $ 2.0 $
Greenwich Cos Cob Riverside Old Greenwich *Price in Millions
Old Greenwich
Riverside
Cos Cob
Greenwich
$0.0 *Price in Millions
<$2M
$2 - $4M
$4 - $7.5M
$7.5M and up
Single Family Home Total Volume by Price Point 27 % 30 % 27 % 16 %
Under $2 Million $2 - 4 Million $4 - 7.5 Million $7.5+ Million
Year End Highlights
/ Greenwich Year End Market Update
at a glance {Year End | 2017}
greenwich
17
%
Change in Average Selling Price {2017 v 2016}
7
%
Change in Units Sold {2017 v 2016}
323 Units Sold
2.9m
$
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
17%
4%
-2%
7%
-17%
2017
$2,940,170
$1,970,000
84%
323
249
2016
$2,522,167
$1,900,000
86%
302
300
2015
$2,826,058
$2,093,000
88%
318
317
2014
$3,204,172
$2,105,000
- SFH vs Condos Median Greenwich84% 340 304
Median Sale Price | Single Family Homes vs Condos $2,500,000
GRW Cond
$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
1%
-2%
-2%
13%
-7%
2017
$1,001,236
$725,000
91%
151
77
2016
$992,654
$741,500
92%
134
83
2015
$1,078,539
$816,500
93%
159
81
2014
$957,018
$755,000
91%
135
80
Greenwich
/ Greenwich Year End Market Update
Average Selling Price | Total Units Sold
$1.6
90 80
$1.4
70
$1.2
60
$1.0
50
$0.8
40
$0.6
30
$0.4
20
$0.2
10
$0.0
0
2014 Average Selling Price
2015
<$2M
$2M-$4M
$7.5 and up
ASP
Year End | 2017
2016
2017 Total Units Sold
$4M-$7.5M
Under $2 Million
$2 - 4 Million
$4 - 7.5 Million
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
1%
-1%
-3%
-15%
38%
2017
$1,331,752
$1,161,000
89%
67
40
2016
$1,321,117
$1,175,000
92%
79
29
2015
$1,365,294
$1,250,000
96%
66
39
2014
$1,254,599
$1,178,000
92%
67
28
Greenwich Year End Market Update / Cos Cob
at a glance {Year End | 2017}
cos cob
1
%
Change in Average Selling Price {2017 v 2016}
-15
%
Change in Units Sold {2017 v 2016}
67 Units Sold
1.3m
$
Average Selling Price
at a glance {Year End | 2017}
riverside
12
%
Change in Average Selling Price {2017 v 2016}
8
%
Change in Units Sold {2017 v 2016}
100 Units Sold
2.4m
$
Average Selling Price
Average Selling Price | Total Units Sold $2.5
120 100
$2.0
80 $1.5 60 $1.0 40 $0.5
20
$0.0
0
2014 Average Selling Price <$2M Year End | 2017
$7.5 and up
2015 $2M-$4M Under $2 Million
2016
2017
Total Units Sold
$4M-$7.5M $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 {2017 v 2016}
Change
12%
6%
3%
8%
-4%
2017
$2,371,436
$1,797,000
89%
100
52
2016
$2,121,617
$1,690,000
87%
93
54
2015
$2,275,811
$1,903,500
91%
114
49
2014
$2,000,920
$1,862,500
93%
96
41
Riverside
/Greenwich Year End Market Update
$3.0
Average Selling Price | Total Units Sold
120
$2.5
100
$2.0
80
$1.5
60
$1.0
40
$0.5
20
$0.0
0
2014
2015
Average Selling Price <$2M Year End | 2017
$2M-$4M Under $2 Million
$7.5 and up
2016
2017
Total Units Sold
$2 - 4 $4M-$7.5M 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 {2017 v 2016}
Change
23%
17%
-4%
-21%
-9%
2017
$2,455,256
$1,950,000
89%
77
40
2016
$1,997,289
$1,662,500
93%
98
44
2015
$2,027,969
$1,700,000
93%
101
42
2014
$2,573,710
$2,127,500
91%
104
33
Greenwich Year End Market Update / Old Greenwich
at a glance {Year End | 2017}
old greenwich
23
%
Change in Average Selling Price {2017 v 2016}
-21
%
Change in Units Sold {2017 v 2016}
77 Units Sold
2.5m
$
Average Selling Price
Extraordinary Results We celebrate the notable success of our associates and clients
GREENWICH
Sabine Farm Last asking $31,500,000
GREENWICH
Brentwood Manor Last asking $8,495,000 RIVERSIDE
Waterfront Paradise Last asking $7,395,000 GREENWICH
Laurel Hill Last asking $5,300,000 GREENWICH
Magic in Milbrook Last asking $3,695,000 *in order from left to right, top to bottom
sothebyshomes.com/greenwich
ARTIST NAME Title of Work, 19XX Estimate £XX,000–XX,000
Property from the Collection of Herb and Helen Gordon BIKASH BHATTACHARJEE Untitled (Rooftops), 1964 Estimate $ 70,000 – 90,000
Asia Week Auctions New York 19–24 March 2018
The Great Within:
MING: Luminous Dawn
Important Chinese Art
The Chew Family
Photographs of India
of Empire
Auction 21 March
Collection of Chinese
and the British Raj in
Auction 20 March
the 19th century
Paintings & Calligraphy
The Richard R. and
Auction 22 March
Jingyatang: Treasures
Magdalena Ernst
of Buddhist Sculpture
Collection of Himalayan Art
Fine Classical Chinese
Auction 20 March
Auction 22 March
Paintings & Calligraphy
KANGXI: The Jie Rui
Indian, Himalayan
Tang Collection
and Southeast Asian
Saturday at Sotheby’s:
Sale Title 15–28 March
Auction March Sale 20 Title
Auction X–X Month Modern & Contemporary
AuctionChinese X–X Month Inspired: Art from
Works of Art Sale Title Auction 22 March Auction X–X Month
Asian Art Sale Title Auction 24 March Auction X–X Month
Selling exhibition 14–29 March Luis Chan: The World Comes to Him Selling Exhibition
Sale TitleArt South Asian Auction 19 March Auction X Month
theSale Collection Title of Gerson and Judith Leiber Auction X Month Auction 20 March
Auction 23 March
Sale Title
Sale Title
Auction X Month
Auction X Month
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com/auctions. Viewing XX–XX Month 1334 YORK AVENUE, NEW YORK, NY 10021 1334 YORK AVENUE, NEW YORK, NY 10021
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